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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 New Mexico Rural Electric Cooperative Association Inc.

New Mexico Rural Electric Cooperative Association Inc.

Fiscal year ending 2024. Filed on November 12, 2025.

614 Don Gaspar
Santa FE, New Mexico 87505

New Mexico Rural Electric Cooperative Association Inc. (EIN: 85-0155370) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, New Mexico Rural Electric Cooperative Association Inc., a 501(c)(6) business league, reported compensation for 2 out of 7 total employees. Among the employees shown here, the average compensation is $228,810. The highest compensated employee at New Mexico Rural Electric Cooperative Association Inc. is Charise Swanson 124 - 1124 with fiscal year 2024 compensation of $261,359.

Revenue, expenses, and employee compensation

Revenue

$2,891,752

Expenses

$2,899,664

Employee compensation

$1,299,697
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Charise Swanson 124 - 1124
CEO and General Manager
$261,359
$214,079 No related comp$47,280
Lonnie Tucker
Vice President, Communications
$196,261
$140,166 No related comp$56,095

Benchmark Employee Compensation

Non-Employee Board Members

Antonio Sanchez
Trustee
Bobby Ferris
Trustee
Charles T Pinson Jr
Trustee
Charles Wagner
Vice President
Chris Martinez
Trustee
Duane Frost
Secretary and Treasurer
Eric Segovia
Trustee
James Ortiz
Trustee
Joe Reeser
Trustee
Keith Gottlieb
Trustee
Manuel Bustos
Trustee
Preston Stone
Trustee

Contractors

Pioneer
Production of the Enchantment Magazine
$468,186

Mission Statement

THE MISSION OF THE NEW MEXICO RURAL ELECTRIC COOPERATIVES (NMREC) IS TO ADVANCE PROTECT AND ADVOCATE MEMBER INTERESTS.

Revisions to this organization profile

November 12, 2025:
2024 New Mexico Rural Electric Cooperative Association Inc. 990 filed
November 15, 2024:
2023 New Mexico Rural Electric Cooperative Association Inc. 990 filed
November 15, 2023:
2022 New Mexico Rural Electric Cooperative Association Inc. 990 filed

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