Bailey County Electric Cooperative Association

Not tax-deductible

Muleshoe, TXMutual-benefit / member-servingSince 1938Mutual / membership EIN 75-0124533Revenue $32.8M in FY2025Latest return filed Jul 15, 2026

On file with the IRSbcecoop.comMuleshoe, TXTax-exempt since Dec 1939

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$1.0M paid to officers and key staff.
Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $599K a year · 2% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$1.0M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Plus $36.1M in investments, Pt X · Ln 11–13
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$50.2M
49% of total assets
Looks good: liabilities are 49% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$32.8M
-2% vs prior year
Spent
$32.8M
Net assets
$52.5M
By yearFY2020–FY2025
Revenue
$32.8M
FY2025▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$36.8M
FY2021$39.7M
FY2022$43.8M
FY2023$37.8M
FY2024$33.4M
FY2025$32.8M
Expenses
$32.8M
FY2025▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$34.4M
FY2021$39.0M
FY2022$43.8M
FY2023$37.3M
FY2024$33.4M
FY2025$32.8M
Net assets
$52.5M
FY2025▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$44.5M
FY2021$47.0M
FY2022$46.6M
FY2023$47.9M
FY2024$51.1M
FY2025$52.5M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1939.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

13 people listed on the 990; $1.0M paid to officers and key staff.

Part VII, Section A · reportable compensation
President/CEO
$192,207Pt VII · Sec A
Service Man
$132,496Pt VII · Sec A
Engineering Asst. Consultant
$129,531Pt VII · Sec A
Tech Ser. Superintendent
$127,738Pt VII · Sec A
Operations Manager
$126,599Pt VII · Sec A
Engineering Superintendent
$126,281Pt VII · Sec A
Director
$28,452Pt VII · Sec A
$27,852Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
David Marricle$192,207$176,567$168,145$160,614$154,976$148,660
John Villalobos$132,496—$116,866$108,772$106,149—
Charles Smith$129,531$122,412$113,689$108,027$105,935—
Ricardo Diaz$127,738—————
Donald Richardson$126,599$119,083————
James Marricle$126,281$119,775$114,527$109,613$101,502—
Ruth Lance—$122,488$116,940$112,009$103,851—
Kim Black——$119,763$112,375$108,368—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Bailey County Electric Cooperative Association executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Brings affordable electricity to rural communities through cooperative ownership.

Questions for Bailey County Electric Cooperative Association

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1 program · in their own filed words · FY2025
01

Sales of electric energy to members at cost on a cooperative basis through the allocation of patronage capital. There were 9,083 active services at year end.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$32.8M
Ln 12
Fees for servicesLn 2g$32.5M
Investment incomeLn 3$306K
Other incomeLn 4–11$5K
Money outPt IX
$32.8M
Ln 25
Owns and owesPt X
$52.5M
net assets · Ln 32
Cash and savingsLn 1–2$2.6M
Total assetsLn 16$102.6M
LiabilitiesLn 26$50.2M
PeoplePt VI, VII
13
listed · VII A
PaidVII A13
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$32.5M
Investment incomeLn 3$306K
Other incomeLn 4–11$5K
Gains on assetsLn 7$82K
Total revenueLn 12$32.8M
Assets in detailPt X, end of year
CashLn 1$999K
SavingsLn 2$1.6M
Cash and savings togetherLn 1–2$2.6M
Accounts receivableLn 4$2.5M
Inventories for sale or useLn 8$3.0M
Prepaid expenses and deferred chargesLn 9$1.7M
Land, buildings, equipmentLn 10c$56.9M
InvestmentsLn 11–13$36.1M
Other assetsLn 15−$27K
Total assetsLn 16$102.6M
LiabilitiesLn 26$50.2M
Net assetsLn 32$52.5M
OperationsPt I, VI
EmployeesI 548
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$3.7M$2.6M
InvestmentsLn 11–13$35.6M$36.1M
Land, buildings, equipmentLn 10c$57.0M$56.9M
Total assetsLn 16$103.0M$102.6M
LiabilitiesLn 26$51.9M$50.2M
Net assetsLn 32$51.1M$52.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$3.5M
Pay of current officers, directors and key staffLn 5$434K
Other salaries and wagesLn 7$2.8M
Pension plan contributionsLn 8$526K
Other employee benefitsLn 9$683K
Payroll taxesLn 10$214K
InterestLn 20$1.7M
Depreciation, depletion and amortizationLn 22$3.4M
Other expenses (24a–d)Ln 24$19.3M
All other expensesLn 24e$243K
Total functional expensesLn 25$32.8M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Jul 15, 2026 $32.8M$32.8M$0$52.5M 990 PDF
FY2024Filed with the IRS Nov 13, 2025 $33.4M$33.4M$0$51.1M 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $37.8M$37.3M$525K$47.9M 990 PDF
FY2022Filed with the IRS Sep 27, 2023 $43.8M$43.8M$0$46.6M 990 PDF
FY2021Filed with the IRS Sep 30, 2022 $39.7M$39.0M$630K$47.0M 990 PDF
FY2020Filed with the IRS Oct 11, 2021 $36.8M$34.4M$2.4M$44.5M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $32,782,496 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $33,196,562$32,471,202
I-10 Investment incomePrior year $229,997$306,028
I-11 Other revenuePrior year $15,300$5,266
I-12 Total revenuePrior year $33,441,859$32,782,496
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $5,403,435$3,484,543
I-15 Salaries and benefitsPrior year $4,320,711$4,696,175
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $23,717,713$24,601,778
I-18 Total expensesPrior year $33,441,859$32,782,496
I-19 Revenue less expensesPrior year $0$0
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $32,782,496 across 5 lines filed
Lines not itemized here account for $3,916 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $32,471,202$32,471,202
VIII-3 Investment incomeExcluded from tax $223,696$223,696
VIII-6 Net rental income or lossExcluded from tax $1,350$1,350
VIII-7 Net gain or loss on sales of assetsRelated to mission $82,332$82,332
VIII-12 Total revenueRelated to mission $32,557,450 · Unrelated business $0 · Excluded from tax $225,046$32,782,496
Part IX · Statement of functional expenses $32,782,496 across 10 lines filed
IX-4 Benefits paid to or for members$3,484,543
IX-5 Pay of current officers, directors and key staff$433,794
IX-7 Other salaries and wages$2,839,238
IX-8 Pension plan contributions$526,454
IX-9 Other employee benefits$683,054
IX-10 Payroll taxes$213,635
IX-20 Interest$1,676,099
IX-22 Depreciation, depletion and amortization$3,370,282
IX-24 Other expenses (24a–d)$19,312,569
IX-24e All other expenses$242,828
IX-25 Total functional expenses$32,782,496
Part X · Balance sheet $102,641,953 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $993,630$999,396
X-2 Savings and temporary cash investmentsStart of year $2,680,211$1,627,233
X-4 Accounts receivableStart of year $1,054,631$2,465,897
X-8 Inventories for sale or useStart of year $3,926,882$2,970,848
X-9 Prepaid expenses and deferred chargesStart of year $1,832,263$1,676,330
X-10c Land, buildings and equipment, netStart of year $57,045,726$56,861,991
X-13 Program-related investmentsStart of year $35,560,505$36,067,619
X-15 Other assetsStart of year −$82,184−$27,361
X-16 Total assetsStart of year $103,011,664$102,641,953
X-17 Accounts payable and accrued expensesStart of year $2,992,423$2,102,648
X-21 Escrow or custodial accountsStart of year $42,713$37,707
X-23 Secured mortgages and notes payableStart of year $45,153,748$44,388,149
X-25 Other liabilitiesStart of year $3,701,269$3,652,197
X-26 Total liabilitiesStart of year $51,890,153$50,180,701
X-29 Capital stock or trust principalStart of year $7,260$7,250
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $51,114,251$52,454,002
X-32 Total net assets or fund balancesStart of year $51,121,511$52,461,252
X-33 Total liabilities and net assetsStart of year $103,011,664$102,641,953
Part XI · Reconciliation of net assets $52,461,252 net assets at year end
XI-1 Total revenue$32,782,496
XI-2 Total expenses$32,782,496
XI-3 Revenue less expenses$0
XI-4 Net assets at start of year$51,121,511
XI-9 Other changes in net assets$1,339,741
XI-10 Net assets at end of year$52,461,252

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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