CSCharityScored
90

Magic Valley Electric Cooperative Inc

Other · Mercedes, Texas

Po Box 267, Mercedes, TX 78570-0267

EIN: 740758801· Founded: Jul 1939· 87 years active· Filing Year: 2023

Annual Revenue

$311.4M

Total Expenses

$311.2M

Total Assets

$636.9M

Program Spending

99%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$819K

0.3% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$13.3M

Total Payroll

$14.2M

5% of total expenses

Where the Money Goes

99%
Programs: 99%
Payroll: 5%
Other overhead: 1%
Program Revenue$308.6M (99%)
Total Expenses$311.2M (100%)
Payroll$14.2M (5%)
Overhead (non-program)1%

Trust Score Breakdown

Program Spending Ratio

99% of expenses go to programs

40%

Revenue & Stability

$311.4M annual revenue

15%

Executive Compensation

$819K total officer comp (0.3% of expenses)

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$636.9M in assets

10%

Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.