Nonprofit · EIN 84-0312795
SAN LUIS VALLEY RURAL ELECTRIC COOPERATIVE INC
Tax-exempt · MONTE VISTA, CO 81144
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $44,328,084 | $44,328,084 | $0 | $157,741,137 | $102,073,863 | $55,667,274 |
| December 31, 2023 | 990 | $43,288,734 | $43,288,734 | $0 | $153,889,315 | $100,085,374 | $53,803,941 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $44,097,804
- Investment income
- $215,162
- Net rental income
- $15,118
- Net gain from sales of assets
- $90,285
- Other revenue
- $15,118
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $1,952,736
- Compensation of officers, directors and key employees
- $1,895,659
- Other salaries and wages
- $2,600,630
- Salaries, compensation and benefits (total)
- $6,807,185
- Professional fundraising fees
- $0
- Legal fees
- $40,197
- Depreciation
- $6,393,615
Balance sheet and other
- Total assets, start of year
- $153,889,315
- Total assets, end of year
- $157,741,137
- Total liabilities, end of year
- $102,073,863
- Net assets, end of year
- $55,667,274
- Land, buildings and equipment
- $114,558,419
- Publicly traded securities
- $1,133,622
- Gross receipts
- $44,328,084
- Employees
- 57
- Volunteers
- 0
- Year formed
- 1937
- State of legal domicile
- CO
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Eric Eriksen | Chief Executive Officer Officer | 40 | $303,302 | $66,111 |
| Marvin Martinez | Area Serviceman Highest-paid employee | 55 | $199,019 | $73,405 |
| JoAn Waudby | Treasurer / Chief Financial Officer Officer | 45 | $196,556 | $59,218 |
| Stacy Valdez | Manager of Customer Service and Billing Key employee | 45 | $174,600 | $65,647 |
| Monroe Johnson | Chief Technology Officer Key employee | 45 | $177,982 | $59,960 |
| Rudolph Viialpando | Sericeman Highest-paid employee | 45 | $172,027 | $62,756 |
| Michelle Trujillo | Assistant Secretary / Human Resource Manager Officer | 42 | $175,615 | $56,154 |
| Shawn McKibbon | Chief Operating Officer Key employee | 45 | $172,681 | $55,495 |
| Wade Warman | Working Foreman Highest-paid employee | 45 | $162,875 | $65,109 |
| Ryan Christensen | Working Foremen Highest-paid employee | 45 | $169,614 | $55,386 |
| Randy Magnuson | Working Foremen Highest-paid employee | 45 | $169,991 | $52,969 |
| Terry Daley | Engineering Manager Key employee | 42 | $154,275 | $68,118 |
| Keenan Anderson | Board Presidentt Trustee or director, Officer | 2.74 | $28,527 | $0 |
| Scott Wolf | Director Trustee or director | 2.79 | $28,227 | $0 |
| Carol Lee Dugan | Director Trustee or director | 2.09 | $19,868 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Stephen Valdez | Vice President Trustee or director, Officer | 2.71 | $12,657 |
| Kim Wakasugi | Director Trustee or director | 1.63 | $11,323 |
| Creede Hargraves | Director Trustee or director | 1.93 | $5,606 |
| Wade Lockhart | Secretary Trustee or director, Officer | 1.91 | $3,735 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Marvin Martinez | Area Serviceman Highest-paid employee | 55 | $197,431 | $65,021 |
| JoAn Waudby | Treasurer / Chief Financial Officer Officer | 45 | $184,471 | $55,808 |
| Monroe Johnson | Chief Technology Officer Key employee | 45 | $168,993 | $58,174 |
| Stacy Valdez | Manager of Customer Service and Billing Key employee | 45 | $168,896 | $58,154 |
| Shawn McKibbon | Chief Operating Officer Key employee | 45 | $163,255 | $57,143 |
| Michelle Trujillo | Assistant Secretary / Human Resource Manager Officer | 42 | $165,865 | $50,499 |
| Ryan Christensen | Working Foremen Highest-paid employee | 45 | $158,951 | $48,209 |
| Loren Howard | Chief Executive Officer Officer, Former | 40 | $171,835 | $34,266 |
| Wade Warman | Working Foreman Highest-paid employee | 45 | $150,583 | $55,244 |
| Rudolph Viialpando | Sericeman Highest-paid employee | 45 | $150,583 | $53,008 |
| Terry Daley | Engineering Manager Key employee | 42 | $150,028 | $47,196 |
| Randy Magnuson | Working Foremen Highest-paid employee | 45 | $150,784 | $45,400 |
| Keenan Anderson | Board Presidentt Trustee or director, Officer | 2.5 | $27,359 | $0 |
| Scott Wolf | Director Trustee or director | 2 | $26,458 | $0 |
| Carol Lee Dugan | Director Trustee or director | 2 | $19,373 | $0 |
| Stephen Valdez | Vice President Trustee or director, Officer | 2.5 | $13,497 | $0 |
| Creede Hargraves | Director Trustee or director | 1.5 | $4,532 | $0 |
| Wade Lockhart | Secretary Trustee or director, Officer | 2 | $3,861 | $0 |
| Kim Wakasugi | Director Trustee or director | 1 | $1,877 | $0 |
| Cole Wakasugi | Director Trustee or director, Former | 1 | $908 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 3625, MONTE VISTA, CO 81144-3625
- Principal officer (990 for 2024)
- James Romero, PO Box 3625, Monte Vista, CO 81144
- Signed the 990
- James Romero, CFO
- Phone
- (719) 852-3538
- Website
- www.slvrec.com
Mission
Sales of Electric power to Members. We had 13,355 meters in place at the end of 2024.
Program accomplishments
- Sales of Electricty on a cooperative basis
- Broadband Service on a patronage basis
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 84-0312795
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1939
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $157,741,137
- Income (IRS master file)
- $44,328,084
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $44,328,084 | $44,328,084 | $157,741,137 | XML |
| 990 | December 2023 | $43,288,734 | $43,288,734 | $153,889,315 | XML |
| 990 | December 2022 | $41,330,549 | $41,330,549 | $151,737,878 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 84-0312795).
Questions about SAN LUIS VALLEY RURAL ELECTRIC COOPERATIVE INC
- What is the EIN of SAN LUIS VALLEY RURAL ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of SAN LUIS VALLEY RURAL ELECTRIC COOPERATIVE INC is 84-0312795.
- Is SAN LUIS VALLEY RURAL ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1939.
- Are donations to SAN LUIS VALLEY RURAL ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SAN LUIS VALLEY RURAL ELECTRIC COOPERATIVE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SAN LUIS VALLEY RURAL ELECTRIC COOPERATIVE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SAN LUIS VALLEY RURAL ELECTRIC COOPERATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SAN LUIS VALLEY RURAL ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 names James Romero.
- Who are the officers and directors of SAN LUIS VALLEY RURAL ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 lists 19 people; 19 received compensation from the organization, the highest $303,302 (Eric Eriksen, Chief Executive Officer).
- How much revenue does SAN LUIS VALLEY RURAL ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $44,328,084, expenses of $44,328,084 and total assets of $157,741,137 at year end.
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