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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Magic Valley Electric Cooperative Inc.

Magic Valley Electric Cooperative Inc.

Fiscal year ending 2021. Filed on November 14, 2022.

PO Box 267
Mercedes, Texas 78570

Magic Valley Electric Cooperative Inc. (EIN: 74-0758801) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2021 IRS Form 990 filing, Magic Valley Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 8 out of 307 total employees. Among the employees shown here, the average compensation is $233,468. The highest compensated employee at Magic Valley Electric Cooperative Inc. is John W Herrera with fiscal year 2021 compensation of $413,634.

Revenue, expenses, and employee compensation

Revenue

$266,758,522

Expenses

$266,721,522

Employee compensation

$18,599,932
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

John W Herrera
General Manager (Jan-Nov)
$413,634
$398,599 No related comp$15,035
Dane Hocott
Services Division Manager
$247,578
$156,973 No related comp$90,605
Brian Acosta
General Manager (Dec)
$239,700
$165,038 No related comp$74,662
Felipe Amaya
Technical Services Manager
$207,358
$141,035 No related comp$66,323
Atanacio Hinojosa
Western Division Manager
$201,710
$155,485 No related comp$46,225
Juan Sanchez
Lead Lineman
$201,438
$139,984 No related comp$61,454
Abraham Quiroga
Business and Employee Development
$192,190
$144,096 No related comp$48,094
Eleno Torres Jr
Lead Lineman
$164,136
$125,325 No related comp$38,811

Benchmark Employee Compensation

Non-Employee Board Members

Reynaldo Lopez
Vice President
$36,500
$36,500 No related compNo other comp
Martin Garcia
President
$36,500
$36,500 No related compNo other comp
Rolando Alaniz
Assistant Secretary and Treasurer
$34,500
$34,500 No related compNo other comp
Barbara S Miller
Secretary and Treasurer
$34,500
$34,500 No related compNo other comp
Douglas Martin
Director
$29,250
$29,250 No related compNo other comp
Adrienne Pena-Garza
Director
$22,000
$22,000 No related compNo other comp
Nila T Wipf
Director (Jan-Aug)
$16,000
$16,000 No related compNo other comp
Frank Ferris
Director (Dec)
$1,500
$1,500 No related compNo other comp

Contractors

Volt Power
Construction Contractor
$9,704,335
Cooperative Building Solutions
Facility Consulting and Construction Ser
$6,951,138
Meridian Cooperative Inc.
Enterprise Software Financial
$3,188,458
ABC Professional Tree Services
Tree Trimming
$1,371,654
Axis Power LLC
Construction
$911,600

Mission Statement

TO ENHANCE PEOPLE'S LIVES BY SAFELY PROVIDING THE MOST RELIABLE AND AFFORDABLE ELECTRIC SERVICE BY KEEPING OUR MEMBERS' BEST INTEREST IN MIND.

Revisions to this organization profile

November 17, 2025:
2024 Magic Valley Electric Cooperative Inc. 990 filed
November 13, 2024:
2023 Magic Valley Electric Cooperative Inc. 990 filed
November 15, 2023:
2022 Magic Valley Electric Cooperative Inc. 990 filed

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