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Filing year 2024

LEA COUNTY ELECTRIC COOPERATIVE INC

Lovington, New Mexico·EIN 85-0096243·12
Total revenue
$111.6M
Total assets
$270.4M
Total expenses
$113M
Reported officers
15
Mission

LEA COUNTY ELECTRIC IS A COMMUNITY FOCUSED COOPERATIVE THAT STRIVES TO BE INNOVATIVE AND ENVIRONMENTALLY FRIENDLY.

Executive compensation, broken down

Form 990 · Schedule J · 15 reported individuals · Filing year 2024

General Manager & EVP
executive vice president
$575k
$613k
Base
$401k
Bonus
$2k
Other
$26k
Benefits
$16k
Engineering Manager
highest compensated employee
$309k
$328k
Base
$204k
Bonus
$2k
Other
$12k
Benefits
$32k
Accounting Manager
highest compensated employee
$264k
$281k
Base
$150k
Bonus
$1k
Other
$2k
Benefits
$32k
IT Manager
highest compensated employee
$249k
$265k
Base
$144k
Bonus
$2k
Other
$6k
Benefits
$34k
Foreman
highest compensated employee
$230k
$245k
Base
$136k
Bonus
$2k
Other
$4k
Benefits
$30k
Foreman
highest compensated employee
$216k
$230k
Base
$136k
Bonus
$2k
Other
$9k
Benefits
$33k
Trustee
board member
$28k
$30k
Trustee
board member
$28k
$29k
$27k
$29k
Vice President
vice president
$27k
$29k
Trustee
board member
$27k
$28k
Secretary/treasurer
officer (unspecified)
$27k
$28k
Trustee
board member
$26k
$27k
Trustee
board member
$25k
$27k
Trustee
board member
$24k
$25k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the West region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Up 7%
from 2023

From $538k in 2023 to $575k in 2024.

$538k
2023
$575k
2024
In today's dollarsEst.
Up 4% in real terms$589k to $613k

Estimated with BLS CPI-U for the West region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

LEA COUNTY ELECTRIC COOPERATIVE INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$110.6M
$111.5M
2023
$111.6M
$113M
2024
Total revenue and total expenses from IRS Form 990 filings.
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