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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 Brazos Electric Power Cooperative Inc

Brazos Electric Power Cooperative Inc

Fiscal year ending 2024. Filed on November 13, 2025.

7616 Bagby Ave
Waco, Texas 76712

Brazos Electric Power Cooperative Inc (EIN: 74-0524729) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Brazos Electric Power Cooperative Inc, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 16 out of 306 total employees. Among the employees shown here, the average compensation is $384,394. The highest compensated employee at Brazos Electric Power Cooperative Inc is Mark Fagan with fiscal year 2024 compensation of $837,791.

Revenue, expenses, and employee compensation

Revenue

$312,124,623

Expenses

$295,608,811

Employee compensation

$27,288,090
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Mark Fagan
Executive Vice President and GM
$837,791
$758,684 No related comp$79,107
Johnny York
Vice President - Transmission Through 10/31/2024
$785,798
$472,994 No related comp$312,804
Clifton Karnei
Former Executive Vice President and GM
$683,048
$683,048 No related compNo other comp
Khaki Bordovsky
CFO - Vice President of Corporate Services
$497,016
$431,838 No related comp$65,178
Kyle Minnix
Member Services Director
$349,433
$255,976 No related comp$93,457
Shari Heino
Chief RISK and Compliance Officer
$337,932
$278,119 No related comp$59,813
Anthony Kroskey
Manager Transmission System Operations
$300,469
$215,746 No related comp$84,723
David Albers
Vice President - Engineering and System Planning
$291,272
$216,146 No related comp$75,126
Rodney Little
Chief Technology Officer - Vice President of IS
$289,643
$249,036 No related comp$40,607
Mark Pavelka
Director of Project MGMT and BUS DEV
$285,888
$224,957 No related comp$60,931
David Fox
Manager Fiscal Services and Controller
$282,871
$226,426 No related comp$56,445
David Webb
COO - Vice President of OPS and Maint
$272,445
$210,454 No related comp$61,991

Benchmark Employee Compensation

Non-Employee Board Members

Rick Ickert
Secretary and Treasurer
$44,007
$44,007 No related compNo other comp
Audie Morris
Vice President
$43,573
$43,573 No related compNo other comp
Dennis McWhorter
President
$43,139
$43,139 No related compNo other comp
Frankie Martin
Director
$42,862
$42,862 No related compNo other comp
Scott Martin
Director
$41,824
$41,824 No related compNo other comp
Monty Carlisle
Director
$38,785
$38,785 No related compNo other comp
Henry Bradford
Director
$38,158
$38,158 No related compNo other comp
Steve Jones
Director
$38,110
$38,110 No related compNo other comp
William Allen
Director
$38,013
$38,013 No related compNo other comp
William Ragsdale
Director
$37,843
$37,843 No related compNo other comp
Jill Sadberry
Director
$34,958
$34,958 No related compNo other comp
Steven Vann Harris
Director
$29,327
$29,327 No related compNo other comp

Contractors

Integrated Power Company LLC
Transmission Construction
$4,627,675
Re-Con Company
Substation Construction
$4,151,994
Sterling Site Access Solutions
Site Access
$2,413,720
Power Engineers
Engineering Consulting
$2,377,670
Pike Electric Inc.
Substation Construction
$2,235,827

Mission Statement

Brazos Electric provides safe, reliable, and cost-effective transmission and distribution service to members and wholesale transmission customers while supporting the reliability of the bulk power system.

Revisions to this organization profile

November 13, 2025:
2024 Brazos Electric Power Cooperative Inc 990 filed
November 14, 2024:
2023 Brazos Electric Power Cooperative Inc 990 filed
November 13, 2023:
2022 Brazos Electric Power Cooperative Inc 990 filed

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