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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 2021. Filed on November 14, 2022.

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 2021 IRS Form 990 filing, Brazos Electric Power Cooperative Inc, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 12 out of 409 total employees. Among the employees shown here, the average compensation is $590,730. The highest compensated employee at Brazos Electric Power Cooperative Inc is Clifton Karnei with fiscal year 2021 compensation of $2,172,497.

Revenue, expenses, and employee compensation

Revenue

$3,817,080,554

Expenses

$3,820,988,870

Employee compensation

$40,738,161
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Clifton Karnei
Executive Vice President and General Manager
$2,172,497
$2,077,213 No related comp$95,284
Khaki Bordovsky
Vice President, Services
$1,235,589
$1,194,916 No related comp$40,673
Johnny York
Vice President Transmission
$1,107,802
$952,415 No related comp$155,387
Josh Clevenger
Vice President Power Supply
$468,187
$381,756 No related comp$86,431
Kyle Minnix
Manager Communication
$391,681
$321,109 No related comp$70,572
Travis Thrall
Vice President Generation
$347,573
$292,661 No related comp$54,912
Shari Heino
Chief Compliance Officer
$296,213
$246,375 No related comp$49,838
Rodney Little
Manager Network Services
$279,234
$220,369 No related comp$58,865
Brent Fox
Manager Fiscal Services
$266,303
$210,062 No related comp$56,241
Carl Curry
Plant Manager
$257,143
$201,811 No related comp$55,332
Michael Tavaglione II
Plant Manager
$253,041
$202,272 No related comp$50,769
Jim Pennington
Director
$13,500
$13,500 No related compNo other comp

Benchmark Employee Compensation

Non-Employee Board Members

Audie Morris
Secretary and Treasurer
$40,750
$39,250 $1,500 No other comp
Dennis McWhorter
President
$40,750
$39,250 $1,500 No other comp
Monte Carlisle
Director
$39,250
$39,250 No related compNo other comp
Glenn Jones
Director
$39,250
$37,750 $1,500 No other comp
Larry Bays
Vice President
$39,250
$37,750 $1,500 No other comp
Kenneth Alexander
Director
$38,750
$38,750 No related compNo other comp
Bill Ragsdale
Director
$37,750
$37,750 No related compNo other comp
Henry Bradford
Director
$35,750
$34,250 $1,500 No other comp
Rick Ickert
Director
$35,250
$33,750 $1,500 No other comp
Billy Jones
Director
$33,750
$33,750 No related compNo other comp
William Allen
Director
$33,750
$33,750 No related compNo other comp
Steve Jones
Director
$33,750
$33,750 No related compNo other comp

Contractors

Norton Rose Fulbright US LLP
Legal
$10,168,421
Integrated Power Company LLC
Construction
$10,112,614
Kramer Levin Naftalis Frankel Ll
Legal
$8,152,411
Berkeley Research Group LLC
Consulting
$5,998,685
Fti Consulting
Consulting
$5,577,814

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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