Central New Mexico Electric Cooperative, Inc.
Legal name: Central New Mexico Electric Cooperative Inc
Nonprofit profile at a glance
- EIN
- 850092965
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Moriarty, NM, US
- Phone
- 505-832-4483
- Rating confidence
- Limited
Reported finances
- Revenue
- $43,176,696
- Expenses
- $43,343,860
- Assets
- $119,319,293
- Liabilities
- $59,220,811
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- WAYNE CONNELL (VICE PRESIDENT)
- DUANE FROST (PRESIDENT)
- ALENA BRANDENBERGER (CEO)
Highest reported compensation
- ALENA BRANDENBERGER (CEO): $246,126 total reported compensation
- JEREMIAH KECK (LINE FOREMAN): $181,019 total reported compensation
- JIMMIE RAY (JOURNEYMAN LINEMAN): $161,365 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To deliver affordable, reliable, and sustainable energy to our members.
What it reported doing in 2024
Sale of electric power to members at cost on a cooperative basis through the allocation of patronage capital. There were 19,173 meters/services at year end.
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 57
- Accountability: 95
- Sustainability: 46
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 6th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 29.6%; rating input score 30; 9th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -0.4%; rating input score 29; 29th percentile among comparable filings
- Total-asset coverage ratio: 2.75; rating input score 72; 72nd percentile among comparable filings
- Liabilities to assets ratio: 0.5; rating input score 29; 29th percentile among comparable filings
- Officer compensation ratio: 3.1%; rating input score 67; 67th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 0.8% per year; rating input score 100; 11th percentile among comparable filings
- Asset growth: 0.2% per year; rating input score 100; 11th percentile among comparable filings
Details
- What they do: 8 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 8 of 8 board members independent · 8 of 9 filing controls reported
- Programs: 2 filed program accomplishments
- Leadership: top reported pay $246K · 16 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $7.4M reported
- Consistency: 13 of 14 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes grants and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 17 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Transparency & Controls: Grant itemization coverage scored 30/100.
- High — Sustainability: Operating margin scored 29/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Accountability: Governance controls: Audit committee oversight not reported.
- High — Sustainability: Liabilities to assets ratio scored 29/100.