CSCharityScored
90

Socorro Electric Cooperative Inc

Other · Socorro, New Mexico

Po Box H, Socorro, NM 87801-0278

EIN: 850084968· Founded: Apr 1953· 73 years active· Filing Year: 2023

Annual Revenue

$25.7M

Total Expenses

$25.6M

Total Assets

$82.7M

Program Spending

99%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$482K

1.9% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$1.4M

Total Payroll

$1.9M

7% of total expenses

Where the Money Goes

99%
Programs: 99%
Payroll: 7%
Other overhead: 1%
Program Revenue$25.4M (99%)
Total Expenses$25.6M (100%)
Payroll$1.9M (7%)
Overhead (non-program)1%

Trust Score Breakdown

Program Spending Ratio

99% of expenses go to programs

40%

Revenue & Stability

$25.7M annual revenue

15%

Executive Compensation

$482K total officer comp (1.9% of expenses)

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$82.7M 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.