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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 Socorro Electric Cooperative Inc.

Socorro Electric Cooperative Inc.

Fiscal year ending 2024. Filed on November 17, 2025.

PO Box H
Socorro, New Mexico 87801

Socorro Electric Cooperative Inc. (EIN: 85-0084968) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Socorro Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 8 out of 48 total employees. Among the employees shown here, the average compensation is $175,606. The highest compensated employee at Socorro Electric Cooperative Inc. is Joseph Herrera with fiscal year 2024 compensation of $293,661.

Revenue, expenses, and employee compensation

Revenue

$27,251,737

Expenses

$27,248,802

Employee compensation

$3,119,958
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Joseph Herrera
Chief Executive Officer and General Manager
$293,661
$238,840 No related comp$54,821
Tony Lopez
LEAD LINE Foreman
$178,274
$122,768 No related comp$55,506
Jimmy W Capps Jr
Chief Financial Officer
$177,530
$119,778 No related comp$57,752
David Montoya
Safety Coor./Line Super.
$161,204
$106,772 No related comp$54,432
Donna Wilkins
Interim Ceo/Gm
$153,342
$114,697 No related comp$38,645
Glenn Calvert
Journeyman Lineman
$151,563
$105,686 No related comp$45,877
Ernest Torres
Journeyman Foreman
$145,314
$113,082 No related comp$32,232
Jason Otero
Line Superintendent
$143,959
$117,824 No related comp$26,135

Benchmark Employee Compensation

Non-Employee Board Members

Leroy Anaya
President
$9,432
$9,432 No related compNo other comp
Eileen Latasa
Secretary and Treasurer
$8,143
$8,143 No related compNo other comp
Stephen Rosas
Trustee
$5,422
$5,422 No related compNo other comp
Ronald Burnett
Vice President
$4,119
$4,119 No related compNo other comp
Michael Bowden
Trustee
$2,925
$2,925 No related compNo other comp
David Lyn Wade
Trustee (July-Dec)
$1,959
$1,959 No related compNo other comp
David Wade
Trustee (Jan-June)
$1,457
$1,457 No related compNo other comp
Ward McCartney III
Trustee
No compensation reported

Contractors

Altitude Energy LLC
Transmission Line
$3,115,043
T&D Services LLC
Engineering
$1,172,929
T&D Con LLC
Construction
$487,579
Alpha Power Group LLC
Project Management
$168,237
2540 Group LLC
PR Contractor
$107,606

Mission Statement

IT SHALL BE THE AIM OF THE SOCORRO ELECTRIC COOPERATIVE, INC. TO MAKE ELECTRIC ENERGY AVAILABLE TO ITS MEMBERS AT THE LOWEST COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT.

Revisions to this organization profile

November 17, 2025:
2024 Socorro Electric Cooperative Inc. 990 filed
May 14, 2024:
2023 Socorro Electric Cooperative Inc. 990 filed
May 8, 2023:
2022 Socorro Electric Cooperative Inc. 990 filed

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