Skip to main content
Filing year 2023

SOCORRO ELECTRIC COOPERATIVE INC

Socorro, New Mexico·EIN 85-0084968·501(c)(12)
Total revenue
$25.7M
Total assets
$82.7M
Total expenses
$25.6M
Reported officers
17
Mission

IT SHALL BE THE AIM OF THE SOCORRO ELECTRIC COOPERATIVE, INC. TO MAKE ELECTRIC ENERGY AVAILABLE TO ITS MEMBERS AT THE LOWEST COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 17 reported individuals · Filing year 2023

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

Ceo/general Manager
Officer (Unspecified)
$275k
$301k
Base
$201k
Bonus
$8k
Other
Benefits
$31k
Lead Line Foreman
Highest Compensated Employee
Median to 75th percentile
$187k
$204k
Base
$135k
Bonus
$828
Other
Benefits
$31k
Safety Coor./line Super.
Highest Compensated Employee
Median to 75th percentile
$169k
$185k
Base
$115k
Bonus
$828
Other
$3k
Benefits
$22k
CFO
Median to 75th percentile
$169k
$185k
Base
$115k
Bonus
$828
Other
Benefits
$22k
Line Foreman
Highest Compensated Employee
25th percentile to median
$157k
$172k
Base
$104k
Bonus
$828
Other
Benefits
$20k
Line Foreman
Highest Compensated Employee
25th percentile to median
$143k
$157k
Line Foreman
Highest Compensated Employee
25th percentile to median
$141k
$154k
President
Below 10th percentile
$10k
$11k
Secretary/treasurer (april-nov)
Officer (Unspecified)
$6k
$6k
Vice President
10th to 25th percentile
$5k
$6k
Trustee
Board Member
10th to 25th percentile
$4k
$5k
Secretary/treasurer (jan-july)
Officer (Unspecified)
$3k
$4k
Trustee (april-dec)
Board Member
10th to 25th percentile
$3k
$3k
President (jan-april)
Below 10th percentile
$2k
$2k
Secretary/treasurer (aug-dec)
Officer (Unspecified)
$2k
$2k
Vice President (jan-april)
Vice President
Below 10th percentile
$1k
$1k
Trustee
Board Member
Below 10th percentile
$1k
$1k

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.

FAQ

Common questions about SOCORRO ELECTRIC COOPERATIVE INC

What does the Highest Compensated Employee of SOCORRO ELECTRIC COOPERATIVE INC earn?

In 2023, the Highest Compensated Employee of SOCORRO ELECTRIC COOPERATIVE INC received $186,637 in total compensation. This pay is above the median (the midpoint) for Highest Compensated Employee roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.

How does Highest Compensated Employee pay at SOCORRO ELECTRIC COOPERATIVE INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Highest Compensated Employee at SOCORRO ELECTRIC COOPERATIVE INC falls between the median and the 75th percentile.

What are SOCORRO ELECTRIC COOPERATIVE INC's revenue and expenses?

In 2023, SOCORRO ELECTRIC COOPERATIVE INC reported $25.7M in total revenue and $25.6M in total expenses on its IRS Form 990.

Free, forever
Build lists. Save your benchmarks.
A free Lucido account lets you build lists of nonprofits and save your search filters. No credit card.
Already a member? Sign in
Build a benchmark

Compare any role, sector, or revenue band

Build your own benchmark from millions of reported positions.