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Springer Electric Cooperative Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 850083345 ✦ Springer, NM ✦ Designated as a 501(c)(12)

Overview

What is Springer Electric Cooperative Inc?

Springer Electric Cooperative Inc, based in Springer, New Mexico, is a nonprofit organization dedicated to providing electric energy services. With a membership of 1,937 and 3,700 services in place as of December 31, 2022, they strive to sell and distribute electricity at the most affordable prices and in the most dependable manner. Their mission is centered around ensuring their community has access to electric energy. The cooperative employs a team of 17 individuals to carry out their operations.


Official website here: www.springercoop.com

Is Springer Electric Cooperative Inc legitimate?

Springer Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Springer Electric Cooperative Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $533,622
Professional Fundraising Fees: $0
Other Salaries and Wages: $950,883

For more financial information, click here


Official website here: www.springercoop.com

What is the mission statement of Springer Electric Cooperative Inc?

Springer Electric Cooperative Inc is dedicated to providing electric energy at the most affordable price and with the utmost reliability to its members. The cooperative prioritizes delivering electricity efficiently, ensuring a consistent power supply for its community. With a member base of 1,937 and 3,700 services in place as of the end of 2022, Springer Electric Cooperative Inc continues to prioritize affordability and dependability in its operations. The cooperative strives to maintain high standards, focusing on the needs of its customers while ensuring long-term sustainability. Its commitment to accessibility and reliability is at the heart of its mission to serve its community effectively.


Official website here: www.springercoop.com

Who is the CEO of Springer Electric Cooperative Inc?

David Spradlin is the Ceo of Springer Electric Cooperative Inc. The CEO's salary of Springer Electric Cooperative Inc is $225,192 and their total compensation is $371,335.


Official website here: www.springercoop.com

What is the revenue of Springer Electric Cooperative Inc?

Springer Electric Cooperative Inc's revenue in 2022 was $19,813,589.


Official website here: www.springercoop.com

Who are the executives of Springer Electric Cooperative Inc and what are their salaries?

The average compensation at Springer Electric Cooperative Inc during 2022 was $87,324. There are 17 employees at Springer Electric Cooperative Inc.

Here are 10 key members and their salaries (Springer Electric Cooperative Inc's CEO's salary is $225,192 and their total compensation is $371,335):

    David Spradlin (Ceo)
  • Compensation: $225,192
  • Related: $0
  • Other: $146,143

    • Ronald Brashear (Line Superintendent)
  • Compensation: $104,817
  • Related: $0
  • Other: $70,864

    • John Weisdorfer (Operations Manager)
  • Compensation: $113,296
  • Related: $0
  • Other: $45,810

    • Timothy Morrow (Director - President)
  • Compensation: $17,612
  • Related: $0
  • Other: $0

    • Jeff Burton (Director)
  • Compensation: $13,303
  • Related: $0
  • Other: $0

    • Alfonso Maestas (Director - Secretary Treasurer)
  • Compensation: $12,494
  • Related: $0
  • Other: $0

    • Gary Shaw (Director - Vice President)
  • Compensation: $12,225
  • Related: $0
  • Other: $0

    • Gerald Seward (Director)
  • Compensation: $11,956
  • Related: $0
  • Other: $0

    • Russell Hoy (Director)
  • Compensation: $11,767
  • Related: $0
  • Other: $0

    • Don Schutz (Director)
  • Compensation: $10,960
  • Related: $0
  • Other: $0


  • Official website here: www.springercoop.com

    Where can I find the form 990 for Springer Electric Cooperative Inc?

    The Springer Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.springercoop.com

    Learn more at the official website: www.springercoop.com

    Mission Statement of Springer Electric Cooperative Inc

    Springer Electric Cooperative Inc, a dedicated organization, strives to provide electric energy to its members at the most affordable price and with the highest level of reliability. With a mission deeply rooted in affordability and dependability, the cooperative works tirelessly to ensure its members receive consistent power supply.

    In action, Springer Electric Cooperative Inc sells and distributes electric energy to over 1,900 members across the board. This commitment to customer satisfaction extends to maintaining 3,700 active services, further underscoring the cooperative's dedication to catering to the power needs of its community. By keeping prices low and reliability high, Springer Electric Cooperative Inc has built a solid reputation for being a trusted energy provider.

    Impact

    This information is meant to be a general summary of Springer Electric Cooperative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Springer Electric Cooperative Inc's impact lies in its provision of affordable and reliable electric energy to its members in the city of Springer, New Mexico. With a customer base of 1,937 members and 3,700 services in place, the cooperative plays a crucial role in ensuring the community has access to essential electricity services. By prioritizing affordability and reliability in its operations, Springer Electric Cooperative Inc contributes to the well-being and development of the region it serves.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $-218,382
  • Program Service Revenue: $19,986,898
  • Gross Receipts: $19,813,589

    • Assets and Liabilities:
  • Total Assets: $43,026,680
  • Total Liabilities: $20,054,297
  • Net Assets: $22,972,383
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    ELECTRIC REVENUE

    Revenue

    $19,696,978

    OTHER

    Revenue

    $277,583

    G & T CAPITAL CREDITS

    Revenue

    $12,337

    Organization Details

    Founding Year

    1946

    Principal Officer

    David Spradlin

    Main Address

    PO BOX 698, SPRINGER, NM, 877470698

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Springer Electric Cooperative Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.