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Filing year 2024

LEA COUNTY ELECTRIC COOPERATIVE INC

Lovington, New Mexico·EIN 85-0096243·501(c)(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 · Part VII & Schedule J · 15 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

General Manager & EVP
Executive Vice President
75th to 90th percentile
$575k
$613k
Base
$401k
Bonus
$2k
Other
$26k
Benefits
$16k
Engineering Manager
Highest Compensated Employee
75th to 90th percentile
$309k
$328k
Base
$204k
Bonus
$2k
Other
$12k
Benefits
$32k
Accounting Manager
Above 90th percentile
$264k
$281k
Base
$150k
Bonus
$1k
Other
$2k
Benefits
$32k
IT Manager
Above 90th percentile
$249k
$265k
Base
$144k
Bonus
$2k
Other
$6k
Benefits
$34k
Foreman
Highest Compensated Employee
Median to 75th percentile
$230k
$245k
Base
$136k
Bonus
$2k
Other
$4k
Benefits
$30k
Foreman
Highest Compensated Employee
Median to 75th percentile
$216k
$230k
Base
$136k
Bonus
$2k
Other
$9k
Benefits
$33k
Trustee
Board Member
Median to 75th percentile
$28k
$30k
Trustee
Board Member
Median to 75th percentile
$28k
$29k
President
10th to 25th percentile
$27k
$29k
Vice President
25th percentile to median
$27k
$29k
Trustee
Board Member
Median to 75th percentile
$27k
$28k
Secretary/treasurer
Officer (Unspecified)
$27k
$28k
Trustee
Board Member
Median to 75th percentile
$26k
$27k
Trustee
Board Member
Median to 75th percentile
$25k
$27k
Trustee
Board Member
Median to 75th percentile
$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.

Pay for the position

Highest Compensated Employee pay rose 1% from 2023 to 2024, while revenue rose 1%.

$304k in 2023 to $309k in 2024.
  • IT Manager pay rose 13% from 2023 to 2024.
  • Board Member pay fell 26% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

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.
FAQ

Common questions about LEA COUNTY ELECTRIC COOPERATIVE INC

What does the Executive Vice President of LEA COUNTY ELECTRIC COOPERATIVE INC earn?

In 2024, the Executive Vice President of LEA COUNTY ELECTRIC COOPERATIVE INC received $575,459 in total compensation. This pay is in the top quarter for Executive Vice President roles among nonprofits nationwide, across all sectors, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Executive Vice President pay at LEA COUNTY ELECTRIC COOPERATIVE INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Executive Vice President at LEA COUNTY ELECTRIC COOPERATIVE INC falls between the 75th and 90th percentiles.

What are LEA COUNTY ELECTRIC COOPERATIVE INC's revenue and expenses?

In 2024, LEA COUNTY ELECTRIC COOPERATIVE INC reported $111.6M in total revenue and $113M in total expenses on its IRS Form 990.

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