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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 Central New Mexico Electric Cooperative Inc.

Central New Mexico Electric Cooperative Inc.

Fiscal year ending 2019. Filed on November 16, 2020.

PO Box 157
Mountainair, New Mexico 87036

Central New Mexico Electric Cooperative Inc. (EIN: 85-0092965) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2019 IRS Form 990 filing, Central New Mexico Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 7 out of 79 total employees. Among the employees shown here, the average compensation is $156,269. The highest compensated employee at Central New Mexico Electric Cooperative Inc. is Matthew Collins with fiscal year 2019 compensation of $205,753.

Revenue, expenses, and employee compensation

Revenue

$36,676,345

Expenses

$36,575,658

Employee compensation

$5,038,687
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Matthew Collins
Chief Executive Officer
$205,753
$146,655 No related comp$59,098
Craig Sizemore
Line Foreman
$163,714
$112,150 No related comp$51,564
Alena Brandenberger
Chief Financial Officer
$152,383
$100,382 No related comp$52,001
Jeremiah Keck
Line Foreman
$149,694
$117,217 No related comp$32,477
Michael Pedersen
Line Foreman
$146,842
$109,287 No related comp$37,555
Freddie Martin
Journeyman Lineman
$140,356
$111,098 No related comp$29,258
William Null
Line Foreman
$135,138
$118,124 No related comp$17,014

Benchmark Employee Compensation

Non-Employee Board Members

Duane Frost
President
$13,484
$13,484 No related compNo other comp
Mike Valdez
Trustee
$12,784
$12,784 No related compNo other comp
Joseph Vicente
Treasurer
$12,084
$12,084 No related compNo other comp
Lisa Gardner
Trustee
$12,070
$12,070 No related compNo other comp
Wayne Connell
Vice President
$11,870
$11,870 No related compNo other comp
Phillip Wallin
Assistant Secretary
$11,784
$11,784 No related compNo other comp
Bill King
Secretary
$11,567
$11,567 No related compNo other comp
Santos Tapia
Trustee
$9,521
$9,521 No related compNo other comp
Jerry Britton
Trustee (Jan-Apr)
$3,741
$3,741 No related compNo other comp

Contractors

Higher Power Electrical LLC
Construction and Maintenance
$116,639

Mission Statement

CENTRAL NEW MEXICO ELECTRIC IS A NOT FOR PROFIT, MEMBER OWNED UTILITY, DELIVERING SAFE AND RELIABLE ENERGY TO THE COMMUNITIES WE SERVE. THROUGH THE SEVEN COOPERATIVE PRINCIPLES, WE PROVIDE HIGH QUALITY SERVICES TO OUR MEMBERS THROUGH EDUCATION AND COMMUNITY INVOLVEMENT.

Revisions to this organization profile

November 18, 2025:
2024 Central New Mexico Electric Cooperative Inc. 990 filed
November 16, 2024:
2023 Central New Mexico Electric Cooperative Inc. 990 filed
November 7, 2023:
2022 Central New Mexico Electric Cooperative Inc. 990 filed

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