NonprofitsBrazos Electric Power Cooperative Inc

Brazos Electric Power Cooperative Inc

WACO, TX

Total revenue

$312.1M

Total expenses

$295.6M

Net assets

$209.0M

Grants received

EIN

740524729

Tax year

2024

Mission

Brazos Electric provides safe, reliable, and cost-effective transmission and distribution service to members and wholesale transmission customers while supporting the reliability of the bulk power system.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$302.2M
Investment income$4.7M
Other revenue$5.1M
Total revenue$312.1M

Expenses

Grants paid
Salaries & benefits$27.3M
Fundraising
Other expenses$265.2M
Total expenses$295.6M
Total assets$1.8B
Net assets$209.0M

People

36 listed

NameRoleCompensation

MARK FAGAN

EXECUTIVE VP & GM

Board

$759K

50 hrs/wk

KHAKI BORDOVSKY

CFO - VP OF CORPORATE SERVICES

Board

$432K

45 hrs/wk

RICK ICKERT

SECRETARY/TREASURER

Board

$44K

8 hrs/wk

AUDIE MORRIS

VICE PRESIDENT

Board

$44K

9 hrs/wk

DENNIS MCWHORTER

PRESIDENT

Board

$43K

20 hrs/wk

FRANKIE MARTIN

DIRECTOR

Board

$43K

4 hrs/wk

SCOTT MARTIN

DIRECTOR

Board

$42K

4 hrs/wk

MONTY CARLISLE

DIRECTOR

Board

$39K

8 hrs/wk

HENRY BRADFORD

DIRECTOR

Board

$38K

4 hrs/wk

STEVE JONES

DIRECTOR

Board

$38K

12 hrs/wk

WILLIAM ALLEN

DIRECTOR

Board

$38K

8 hrs/wk

WILLIAM RAGSDALE

DIRECTOR

Board

$38K

15 hrs/wk

JILL SADBERRY

DIRECTOR

Board

$35K

1 hrs/wk

STEVEN VANN HARRIS

DIRECTOR

Board

$29K

6 hrs/wk

KENNETH ALEXANDER

DIRECTOR THROUGH 07/31/2024

Board

$20K

6 hrs/wk

BILLY JONES

DIRECTOR THROUGH 01/31/2024

Board

$3K

12 hrs/wk

BRANDON YOUNG

DIRECTOR

Board

4 hrs/wk

DONNIE CLARY

DIRECTOR 03/01/2024 THROUGH 03/31/2024

Board

6 hrs/wk

NEIL J HESSE

DIRECTOR

Board

6 hrs/wk

MELISSA WATTS

DIRECTOR THROUGH 03/31/2024

Board

6 hrs/wk

CODY LASATER

DIRECTOR

Board

3 hrs/wk

CAMERON SMALLWOOD

DIRECTOR

Board

2 hrs/wk

CLIFTON KARNEI

FORMER EXECUTIVE VP & GM

Staff

$683K

0

JOHNNY YORK

VICE PRESIDENT - TRANSMISSION THROUGH 10/31/2024

Staff

$473K

41 hrs/wk

SHARI HEINO

CHIEF RISK & COMPLIANCE OFFICER

Staff

$278K

45 hrs/wk

KYLE MINNIX

DIRECTOR OF MEMBER SERVICES

Staff

$256K

47 hrs/wk

RODNEY LITTLE

CHIEF TECHNOLOGY OFFICER - VP OF IS

Staff

$249K

41 hrs/wk

DAVID FOX

MANAGER FISCAL SERVICES & CONTROLLER

Staff

$226K

47 hrs/wk

MARK PAVELKA

DIRECTOR OF PROJECT MGMT & BUS DEV

Staff

$225K

48 hrs/wk

JOSHUA CLEVENGER

FORMER VICE PRESIDENT - POWER SUPPLY

Staff

$224K

0

DAVID ALBERS

VICE PRESIDENT - ENGINEERING & SYSTEM PLANNING

Staff

$216K

42 hrs/wk

ANTHONY KROSKEY

MANAGER TRANSMISSION SYSTEM OPERATIONS

Staff

$216K

43 hrs/wk

DAVID WEBB

COO - VP OF OPS & MAINT

Staff

$210K

45 hrs/wk

JEFFREY STEBBINS

MANAGER TRANSMISSION MAINTENANCE

Staff

$198K

44 hrs/wk

DEBRA WENDROCK

MANAGER HUMAN RESOURCES

Staff

$198K

43 hrs/wk

TIMOTHY HARTZ

MANAGER TRANSMISSION ENGINEERING

Staff

$193K

47 hrs/wk

Independent contractors

Integrated Power Company LLC

Transmission construction

$4.6M

RE-CON Company

Substation construction

$4.2M

Sterling Site Access Solutions

Site access services

$2.4M

Power Engineers

Engineering consulting

$2.4M

Pike Electric

Substation construction

$2.2M

Details

EIN740524729
Subsection12
Ruling date1969-03
Formed1941
Employees306
Volunteers2
BRAZOS ELECTRIC POWER COOPERATIVE INC — Mission, Financials & Grants Received | Grantivo