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Filing year 2024

CONCHO VALLEY ELECTRIC COOPERATIVE INC

San Angelo, Texas·EIN 75-0204684·501(c)(12)
Total revenue
$51.6M
Total assets
$162.2M
Total expenses
$51.6M
Reported officers
14
Mission

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.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 14 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Executive Vp/ceo
Officer (Unspecified)
$501k
$532k
Base
$349k
Bonus
Other
$25k
Benefits
$16k
Dir of Finance & Office Services
Highest Compensated Employee
75th to 90th percentile
$240k
$254k
Base
$143k
Bonus
Other
$4k
Benefits
$31k
Dir of Engineering & Operations
Key Employee
Median to 75th percentile
$221k
$234k
Base
$163k
Bonus
Other
$3k
Benefits
$30k
Dir of Information Technology
Highest Compensated Employee
Median to 75th percentile
$213k
$226k
Base
$146k
Bonus
Other
$2k
Benefits
$29k
Engineering Foreman
Highest Compensated Employee
Median to 75th percentile
$201k
$213k
Base
$147k
Bonus
Other
$2k
Benefits
$13k
Line Superintendent
Highest Compensated Employee
Median to 75th percentile
$179k
$190k
Base
$130k
Bonus
Other
$1k
Benefits
$27k
Engineering Systems Administrator
Highest Compensated Employee
Median to 75th percentile
$170k
$180k
Base
$121k
Bonus
Other
$1k
Benefits
$21k
Director
Board Member
25th percentile to median
$4k
$5k
President
Below 10th percentile
$4k
$4k
Director
Board Member
10th to 25th percentile
$3k
$4k
Director
Board Member
10th to 25th percentile
$2k
$3k
Director
Board Member
10th to 25th percentile
$2k
$3k
Vice-president
Below 10th percentile
$2k
$2k
Secretary/treasurer
Officer (Unspecified)
$2k
$2k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Up 29%
from 2023

From $390k in 2023 to $501k in 2024.

$390k
2023
$501k
2024
In today's dollarsEst.
Up 25% in real terms$426k to $532k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Highest Compensated Employee pay rose 31% from 2023 to 2024, while revenue rose 1%.

$183k in 2023 to $240k in 2024.
  • Board Member pay fell 15% from 2023 to 2024.
  • Chief Executive Officer pay rose 21% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

CONCHO VALLEY ELECTRIC COOPERATIVE INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$51M
$51M
2023
$51.6M
$51.6M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about CONCHO VALLEY ELECTRIC COOPERATIVE INC

What does the Highest Compensated Employee of CONCHO VALLEY ELECTRIC COOPERATIVE INC earn?

In 2024, the Highest Compensated Employee of CONCHO VALLEY ELECTRIC COOPERATIVE INC received $239,806 in total compensation. This pay is in the top quarter for Highest Compensated Employee roles among nonprofits nationwide, across all sectors, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Highest Compensated Employee pay at CONCHO VALLEY ELECTRIC COOPERATIVE INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Highest Compensated Employee at CONCHO VALLEY ELECTRIC COOPERATIVE INC falls between the 75th and 90th percentiles.

What are CONCHO VALLEY ELECTRIC COOPERATIVE INC's revenue and expenses?

In 2024, CONCHO VALLEY ELECTRIC COOPERATIVE INC reported $51.6M in total revenue and $51.6M in total expenses on its IRS Form 990.

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