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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 2021. Filed on November 15, 2022.

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 2021 IRS Form 990 filing, Central New Mexico Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 8 out of 73 total employees. Among the employees shown here, the average compensation is $135,795. The highest compensated employee at Central New Mexico Electric Cooperative Inc. is Alena Brandenberger with fiscal year 2021 compensation of $215,836.

Revenue, expenses, and employee compensation

Revenue

$37,969,143

Expenses

$38,050,059

Employee compensation

$5,009,799
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Alena Brandenberger
Chief Executive Officer
$215,836
$151,448 No related comp$64,388
Craig Sizemore
Line Foreman
$180,021
$125,591 No related comp$54,430
Patrick Sanchez
Line Foreman
$162,523
$116,399 No related comp$46,124
Jeremiah Keck
Line Foreman
$154,819
$117,880 No related comp$36,939
Fred Martin
Line Foreman
$141,203
$112,317 No related comp$28,886
Ernesto Acosta
Journeyman Lineman
$126,548
$111,430 No related comp$15,118
Joshua Gorman
Chief Financial Officer
$96,656
$88,957 No related comp$7,699
Terry Bultram
Interim Chief Executive Officer
$8,757
$8,757 No related compNo other comp

Benchmark Employee Compensation

Non-Employee Board Members

Phillip Wallin
Assistant Secretary
$13,715
$13,715 No related compNo other comp
Wayne Connell
Vice President
$13,430
$13,430 No related compNo other comp
Duane Frost
President
$12,615
$12,615 No related compNo other comp
Santos Tapia
Trustee
$12,424
$12,424 No related compNo other comp
Joseph Vicente
Treasurer
$12,222
$12,222 No related compNo other comp
Mike Valdez
Trustee
$11,715
$11,715 No related compNo other comp
Lisa Gardner
Trustee
$11,555
$11,555 No related compNo other comp
Bill King
Secretary
$11,362
$11,362 No related compNo other comp

Contractors

R & R Line Services
Contractor - Distribution Lines
$563,697
Nisc
Software
$314,682
Rodey Dickason Sloan Akin & Robb PA
Legal
$113,222

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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