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Organizations Brazos Electric Power Cooperative Inc

Brazos Electric Power Cooperative Inc

Fiscal year ending 2023. Filed on November 14, 2024.

7616 Bagby Ave
Suite 180
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 2023 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 411 total employees. Among the employees shown here, the average compensation is $463,001. The highest compensated employee at Brazos Electric Power Cooperative Inc is Clifton Karnei with fiscal year 2023 compensation of $1,309,213.

Revenue, expenses, and employee compensation

Revenue

$292,090,235

Expenses

$275,623,370

Employee compensation

$34,464,440
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Clifton Karnei
Executive Vice President and GM Through 3/31/2023
$1,309,213
$985,287 No related comp$323,926
Johnny York
Interim Executive Vice President and GM 4.1.23 - 8.31.23
$805,008
$511,656 No related comp$293,352
Joshua Clevenger
Vice President - Power Supply
$614,144
$510,846 No related comp$103,298
Khaki Bordovsky
Vice President, Services
$571,948
$470,473 No related comp$101,475
Kyle Minnix
Manager Communication
$347,827
$236,875 No related comp$110,952
Shari Heino
Chief Compliance Officer
$303,389
$261,038 No related comp$42,351
Travis Thrall
Vice President - Generation
$295,726
$246,604 No related comp$49,122
Brent Fox
Manager Fiscal Services
$285,068
$223,073 No related comp$61,995
Daniel Kueker
Manager of Market Operations and Settlement
$280,826
$246,191 No related comp$34,635
Rodney Little
Manager Network Services
$271,680
$221,737 No related comp$49,943
Michael Evans
Manager of Power Supply
$259,646
$224,678 No related comp$34,968
Mark Fagan
Executive Vice President and GM Since 9/1/2023
$211,531
$195,970 No related comp$15,561

Benchmark Employee Compensation

Non-Employee Board Members

Rick Ickert
Secretary and Treasurer
$48,756
$48,756 No related compNo other comp
Dennis McWhorter
President
$47,800
$47,800 No related compNo other comp
William Allen
Director
$47,511
$47,511 No related compNo other comp
Audie Morris
Vice President
$46,766
$46,766 No related compNo other comp
Steve Jones
Director
$43,693
$43,693 No related compNo other comp
Frankie Martin
Director
$40,354
$40,354 No related compNo other comp
Kenneth Alexander
Director
$40,112
$40,112 No related compNo other comp
Billy Jones
Director
$39,738
$39,738 No related compNo other comp
William Ragsdale
Director
$39,579
$39,579 No related compNo other comp
Monty Carlisle
Director
$39,522
$39,522 No related compNo other comp
Henry Bradford
Director
$38,899
$38,899 No related compNo other comp
Glenn Jones
Director
$26,102
$26,102 No related compNo other comp

Contractors

Integrated Power Company LLC
Transmission Construction
$10,054,913
Michels Power
Transmission Construction
$10,005,011
Seimens Energy Inc
Power Plant Maintenance
$5,994,732
Primoris T&D Services LLC
Transmission Construction
$2,987,482
Norton Rose Fulbright US LLP
Legal
$2,716,934

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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