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Filing year 2024

FARMERS ELECTRIC COOPERATIVE INC OF NEW MEXICO

Clovis, New Mexico·EIN 85-0036237·501(c)(12)
Total revenue
$44.1M
Total assets
$153.7M
Total expenses
$43.5M
Reported officers
16

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 16 reported individuals · Filing year 2024

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

Ceo/general Manager
Officer (Unspecified)
$265k
$283k
Base
$174k
Bonus
$1k
Other
$6k
Benefits
$6k
Line Superintendent
Highest Compensated Employee
75th to 90th percentile
$237k
$253k
Base
$121k
Bonus
$541
Other
$3k
Benefits
$3k
Director of Member Service
Director (Operational)
75th to 90th percentile
$179k
$190k
Base
$117k
Bonus
$541
Other
$6k
Benefits
$4k
CFO
75th to 90th percentile
$178k
$190k
Base
$115k
Bonus
$541
Other
$4k
Benefits
$9k
Customer Service/hr Manager
Highest Compensated Employee
25th percentile to median
$166k
$176k
Base
$114k
Bonus
$541
Other
$7k
Benefits
$6k
Engineering Manager
Highest Compensated Employee
25th percentile to median
$155k
$165k
Base
$116k
Bonus
$541
Other
$3k
Benefits
$8k
Line Foreman
Highest Compensated Employee
25th percentile to median
$133k
$142k
Line Foreman
Highest Compensated Employee
10th to 25th percentile
$128k
$136k
Vice President
10th to 25th percentile
$6k
$6k
Trustee (jan-nov)
Board Member
25th percentile to median
$5k
$5k
Trustee (may-dec)
Board Member
10th to 25th percentile
$4k
$4k
President
Below 10th percentile
$4k
$4k
Trustee
Board Member
10th to 25th percentile
$4k
$4k
Secretary/treasurer
Officer (Unspecified)
$3k
$4k
Trustee
Board Member
10th to 25th percentile
$3k
$3k
Trustee (jan-may)
Board Member
Below 10th percentile
$1k
$1k

Teal figures restate each filed amount in 2026 dollars.

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

Up 6%
from 2023

From $250k in 2023 to $265k in 2024.

$250k
2023
$265k
2024
In today's dollarsEst.
Up 3% in real terms$274k to $283k

Estimated with BLS CPI-U for the West 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 6% from 2023 to 2024, while revenue rose 4%.

$225k in 2023 to $237k in 2024.
  • Director (Operational) pay rose 4% from 2023 to 2024.
  • Vice President pay fell 10% 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

FARMERS ELECTRIC COOPERATIVE INC OF NEW MEXICO reported revenue and expenses across 2 filing years.

RevenueExpenses
$42.6M
$42.4M
2023
$44.1M
$43.5M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about FARMERS ELECTRIC COOPERATIVE INC OF NEW MEXICO

What does the Highest Compensated Employee of FARMERS ELECTRIC COOPERATIVE INC OF NEW MEXICO earn?

In 2024, the Highest Compensated Employee of FARMERS ELECTRIC COOPERATIVE INC OF NEW MEXICO received $237,212 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 FARMERS ELECTRIC COOPERATIVE INC OF NEW MEXICO compare with similar nonprofits?

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

What are FARMERS ELECTRIC COOPERATIVE INC OF NEW MEXICO's revenue and expenses?

In 2024, FARMERS ELECTRIC COOPERATIVE INC OF NEW MEXICO reported $44.1M in total revenue and $43.5M in total expenses on its IRS Form 990.

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