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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 Concho Valley Electric Cooperative Inc.

Concho Valley Electric Cooperative Inc.

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

PO Box 3388
San Angelo, Texas 76902

Concho Valley Electric Cooperative Inc. (EIN: 75-0204684) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2023 IRS Form 990 filing, Concho Valley Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 7 out of 80 total employees. Among the employees shown here, the average compensation is $220,379. The highest compensated employee at Concho Valley Electric Cooperative Inc. is Kelly Lankford with fiscal year 2023 compensation of $389,902.

Revenue, expenses, and employee compensation

Revenue

$51,035,614

Expenses

$51,035,614

Employee compensation

$6,155,805
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Kelly Lankford
Executive Vice President and Chief Executive Officer
$389,902
$311,468 No related comp$78,434
David Watson
Director of Finance and Office Services
$224,225
$139,181 No related comp$85,044
Dustin Brown
Director of Engineering and Operations
$209,377
$157,900 No related comp$51,477
Jonathan Cutrer
Information Technology Director
$201,459
$141,766 No related comp$59,693
Terry Ward
Engineering Foreman
$182,757
$134,649 No related comp$48,108
Buster Matheny
Line Superintendent
$180,428
$134,543 No related comp$45,885
Zachary Bryan
Foreman
$154,504
$120,433 No related comp$34,071

Benchmark Employee Compensation

Non-Employee Board Members

David Kempen
Director
$5,250
$5,250 No related compNo other comp
Daryl Schniers
Director
$4,100
$4,100 No related compNo other comp
Jeff Copeland
President
$2,900
$2,900 No related compNo other comp
Thomas Carter
Secretary and Treasurer
$2,700
$2,700 No related compNo other comp
Ralph Willberg
Director
$2,400
$2,400 No related compNo other comp
Larry W Klattenhoff
Vice President
$2,400
$2,400 No related compNo other comp
Will Wiggins
Director
$1,800
$1,800 No related compNo other comp

Contractors

Techline Construction LLC
Line Construction
$2,570,580
Justice Construction Inc.
Construction Contractor
$790,705
Power Engineers Inc.
Consulting/Engineering
$666,054
Isbell Construction Ltd.
Construction Contractor
$362,414
Nisc
Software
$299,813

Mission Statement

CONCHO VALLEY ELECTRIC COOPERATIVE, INC. DEDICATES ITSELF TO THE IMPROVEMENT OF ITS MEMBERS' LIFESTYLE AND THE ECONOMIC ENVRIONMENT OF ITS SERVICE AREA. THE COOPERATIVE IS COMMITTED TO PROVIDING SAFE, RELIABLE ELECTRIC SERVICE AT THE LOWEST PRACTICAL COST AND TO MEETING THE CHANGING NEEDS OF ITS MEMBERSHIP WITH A WELL-TRAINED, QUALITY WORKFORCE AND WITH THE USE OF SOUND BUSINESS PRACTICES.

Revisions to this organization profile

November 14, 2025:
2024 Concho Valley Electric Cooperative Inc. 990 filed
November 14, 2024:
2023 Concho Valley Electric Cooperative Inc. 990 filed
November 15, 2023:
2022 Concho Valley Electric Cooperative Inc. 990 filed

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