Brazos Electric Power Cooperative Inc
Waco, TX · EIN 74-0524729 · Rank 2,077 by total revenue
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.
Money, Form 990 for tax year 2024
- Total revenue
- $312,124,623
- Total expenses
- $295,608,811
- Total assets
- $1,802,974,037
- Salary base (all salaries and wages)
- $21,965,217
- Salaries, other pay and benefits
- $27,288,090
- Employees
- 306
- Salary base per employee
- $71,782
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (29)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Mark Fagan | EXECUTIVE VP & GM | Officer | 50 | $837,791 |
| Khaki Bordovsky | CFO - VP OF CORPORATE SERVICES | Officer | 45 | $497,016 |
| Rick Ickert | SECRETARY/TREASURER | Board, Officer | 8 | $44,007 |
| Audie Morris | VICE PRESIDENT | Board, Officer | 9 | $43,573 |
| Dennis McWhorter | PRESIDENT | Board, Officer | 20 | $43,139 |
| Johnny York | VICE PRESIDENT - TRANSMISSION THROUGH 10/31/2024 | Key employee | 41 | $785,798 |
| Kyle Minnix | DIRECTOR OF MEMBER SERVICES | Key employee | 47 | $349,433 |
| Shari Heino | CHIEF RISK & COMPLIANCE OFFICER | Key employee | 45 | $337,932 |
| David Albers | VICE PRESIDENT - ENGINEERING & SYSTEM PLANNING | Key employee | 42 | $291,272 |
| Rodney Little | CHIEF TECHNOLOGY OFFICER - VP OF IS | Key employee | 41 | $289,643 |
| Mark Pavelka | DIRECTOR OF PROJECT MGMT & BUS DEV | Key employee | 48 | $285,888 |
| David Webb | COO - VP OF OPS & MAINT | Key employee | 45 | $272,445 |
| Frankie Martin | DIRECTOR | Board | 4 | $42,862 |
| Scott Martin | DIRECTOR | Board | 4 | $41,824 |
| Monty Carlisle | DIRECTOR | Board | 8 | $38,785 |
| Henry Bradford | DIRECTOR | Board | 4 | $38,158 |
| Steve Jones | DIRECTOR | Board | 12 | $38,110 |
| William Allen | DIRECTOR | Board | 8 | $38,013 |
| William Ragsdale | DIRECTOR | Board | 15 | $37,843 |
| Jill Sadberry | DIRECTOR | Board | 1 | $34,958 |
| Steven Vann Harris | DIRECTOR | Board | 6 | $29,327 |
| Kenneth Alexander | DIRECTOR THROUGH 07/31/2024 | Board | 6 | $19,992 |
| Billy Jones | DIRECTOR THROUGH 01/31/2024 | Board | 12 | $3,087 |
| Brandon Young | DIRECTOR | Board | 4 | None reported |
| Cameron Smallwood | DIRECTOR | Board | 2 | None reported |
| Cody Lasater | DIRECTOR | Board | 3 | None reported |
| Donnie Clary | DIRECTOR 03/01/2024 THROUGH 03/31/2024 | Board | 6 | None reported |
| Melissa Watts | DIRECTOR THROUGH 03/31/2024 | Board | 6 | None reported |
| Neil J Hesse | DIRECTOR | Board | 6 | None reported |
Top 10 paid people listed
These 10 people received $4,617,866, which is 21.0% of the $21,965,217 salary base shared by 306 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Mark Fagan | EXECUTIVE VP & GM | Officer | 50 | $758,684 | $0 | $79,107 | $837,791 |
| Johnny York | VICE PRESIDENT - TRANSMISSION THROUGH 10/31/2024 | Key employee | 41 | $472,994 | $0 | $312,804 | $785,798 |
| Clifton Karnei | FORMER EXECUTIVE VP & GM | Former | 0 | $683,048 | $0 | -$40,424 | $642,624 |
| Khaki Bordovsky | CFO - VP OF CORPORATE SERVICES | Officer | 45 | $431,838 | $0 | $65,178 | $497,016 |
| Kyle Minnix | DIRECTOR OF MEMBER SERVICES | Key employee | 47 | $255,976 | $0 | $93,457 | $349,433 |
| Shari Heino | CHIEF RISK & COMPLIANCE OFFICER | Key employee | 45 | $278,119 | $0 | $59,813 | $337,932 |
| Anthony Kroskey | MANAGER TRANSMISSION SYSTEM OPERATIONS | Highly paid employee | 43 | $215,746 | $0 | $84,723 | $300,469 |
| David Albers | VICE PRESIDENT - ENGINEERING & SYSTEM PLANNING | Key employee | 42 | $216,146 | $0 | $75,126 | $291,272 |
| Rodney Little | CHIEF TECHNOLOGY OFFICER - VP OF IS | Key employee | 41 | $249,036 | $0 | $40,607 | $289,643 |
| Mark Pavelka | DIRECTOR OF PROJECT MGMT & BUS DEV | Key employee | 48 | $224,957 | $0 | $60,931 | $285,888 |
Sources
- IRS e-file return 202503179349310865 (Form 990, period ending 2024-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 74-0524729
- Organization website (as filed): www.brazoselectric.com