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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 2022. Filed on November 7, 2023.

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 2022 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 71 total employees. Among the employees shown here, the average compensation is $140,536. The highest compensated employee at Central New Mexico Electric Cooperative Inc. is Alena Brandenberger with fiscal year 2022 compensation of $235,709.

Revenue, expenses, and employee compensation

Revenue

$37,890,538

Expenses

$37,736,383

Employee compensation

$5,323,250
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Alena Brandenberger
Chief Executive Officer
$235,709
$165,394 No related comp$70,315
Patrick Sanchez
Line Foreman
$170,727
$121,070 No related comp$49,657
Jeremiah Keck
Line Foreman
$161,424
$123,451 No related comp$37,973
Fred Martin
Line Foreman
$158,275
$123,860 No related comp$34,415
Jimmie Ray
Journeyman Lineman
$142,371
$112,179 No related comp$30,192
Ernesto Acosta
Journeyman Lineman
$131,060
$104,111 No related comp$26,949
Joshua Gorman
CFO (Jan-July)
$82,911
$76,050 No related comp$6,861
Michael Lindsey
CFO (Aug-Dec)
$41,813
$35,279 No related comp$6,534

Benchmark Employee Compensation

Non-Employee Board Members

Duane Frost
President
$12,667
$12,667 No related compNo other comp
Lisa Gardner
Trustee
$11,421
$11,421 No related compNo other comp
Santos Tapia
Trustee
$11,267
$11,267 No related compNo other comp
Joseph Vicente
Treasurer
$11,174
$11,174 No related compNo other comp
Wayne Connell
Vice President
$11,082
$11,082 No related compNo other comp
Bill King
Secretary
$11,020
$11,020 No related compNo other comp
Phillip Wallin
Assistant Secretary
$10,967
$10,967 No related compNo other comp
Mike Valdez Jan-May
Trustee
$5,374
$5,374 No related compNo other comp

Contractors

Presbyterian Health Plan
Health Care
$782,370
Full Send Linework LLC
Distribution Line Construction
$711,565
Wells Fargo Card Services
Credit Card
$449,219
Nisc
Software
$323,896
R & R Line Services
Contractor - Distribution Lines
$302,884

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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