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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 2019. Filed on June 29, 2020.

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 2019 IRS Form 990 filing, Socorro Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 3 out of 48 total employees. Among the employees shown here, the average compensation is $188,115. The highest compensated employee at Socorro Electric Cooperative Inc. is Joseph Herrera with fiscal year 2019 compensation of $244,264.

Revenue, expenses, and employee compensation

Revenue

$26,611,473

Expenses

$26,654,081

Employee compensation

$2,880,375
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Joseph Herrera
Chief Executive Officer and General Manager
$244,264
$185,378 No related comp$58,886
Tony Lopez
LEAD LINE Foreman
$161,219
$116,727 No related comp$44,492
Ricky Williams
Line Superintendent
$158,863
$111,625 No related comp$47,238

Benchmark Employee Compensation

Non-Employee Board Members

Donald Wolberg
Trustee
$8,862
$8,862 No related compNo other comp
Anne Dorough
Chair
$6,967
$6,967 No related compNo other comp
Leroy Anaya
Trustee
$6,965
$6,965 No related compNo other comp
Luis Aguilar
Vice Chair
$5,401
$5,401 No related compNo other comp
James Nelson
Trustee
$5,228
$5,228 No related compNo other comp
Paul Bustamante
Secretary and Treasurer
$4,741
$4,741 No related compNo other comp
Michael Hawkes
Trustee
$3,267
$3,267 No related compNo other comp
Mary Lucy Baca
Secretary/Treasurer (Jan-Apr)
$3,239
$3,239 No related compNo other comp
Dave Wade
Trustee (Jan-Apr)
$1,135
$1,135 No related compNo other comp

Contractors

Transmission & Distribution Services Ll
Engineering
$194,184
Wiggins Williams and Wiggins
Legal
$177,684

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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