Brazos Electric Power Cooperative Inc
501(c)(12)
Only null% goes to programs Strong reserves Declining revenue
Brazos Electric Power Cooperative Inc is a 501(c)(12) organization based in Waco, Texas, registered in 1969, with $312,124,623 in FY2024 revenue. CharityIndex grades it A.
Po Box 2585, Waco, TX, 76702 EIN 74-0524729 Since 1969
Revenue (FY2024)
$312.1M
▲ 6.9% vs prior year
Expenses (FY2024)
$295.6M
Net assets
$209.0M
Employees
306
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Brazos Electric Power Cooperative Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating8 mo reserves · +5% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Brazos Electric Power Cooperative Inc: 8 mo reserves · +5% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Brazos Electric Power Cooperative Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
BTransparency10% of the rating3 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Brazos Electric Power Cooperative Inc: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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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.
Contact & location
Financial trends
Revenue declined from $943.9M (FY2013) to $312.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.6BNet assets $209.0M
Operating margin
5.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.8B
Total liabilities
$1.6B
Net assets
$209.0M
Salaries & benefits
$27.3M
9% of expenses
Board members
16
16 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $312,124,623▲6.9% | $295,608,811▲7.3% | $208,969,430▲10.3% | $1,802,974,037▲7.5% | 990 |
| 2023 | $292,090,235▼84.4% | $275,623,370▼89.5% | $189,427,341▲16.2% | $1,676,992,262▼41.0% | 990 |
| 2022 | $1,870,614,504▼51.0% | $2,636,440,308▼31.0% | $162,998,944▼82.5% | $2,840,038,435▼50.0% | 990 |
| 2021 | $3,817,080,554▲259% | $3,820,988,870▲259% | $929,506,785▼0.3% | $5,681,362,952▲79.5% | 990 |
| 2020 | $1,063,273,259▲0.1% | $1,063,177,881▲0.1% | $932,167,692▲7.2% | $3,165,904,422▲3.6% | 990 |
| 2019 | $1,062,175,830 | $1,062,147,048 | $869,838,939▲4.9% | $3,055,152,025▲1.0% | 990 |
| 2018 | $1,062,055,216▲17.3% | $1,062,047,467▲25.5% | $829,230,303▲4.8% | $3,025,402,476▼4.6% | 990 |
| 2017 | $905,340,961▲3.9% | $846,585,141▲5.4% | $791,358,283▲5.1% | $3,171,300,381▲0.4% | 990 |
| 2016 | $871,340,334▼7.8% | $802,997,182▼10.7% | $752,623,660▲10.0% | $3,159,350,306▲0.8% | 990 |
| 2015 | $944,865,014▼15.4% | $899,591,911▼14.4% | $684,293,921▲7.1% | $3,134,749,894▲0.8% | 990 |
| 2014 | $1,116,516,637▲18.3% | $1,050,709,861▲20.8% | $639,053,242▲11.5% | $3,108,877,107▲5.1% | 990 |
| 2013 | $943,894,900 | $869,831,703▲10.3% | $573,256,657▲14.8% | $2,959,150,321▼3.3% | 990 |
| 2012 | — | $788,337,490▼19.2% | $499,196,139▲15.9% | $3,060,911,719▲3.1% | 990 |
| 2011 | — | $975,258,030▲3.6% | $430,595,716▲12.9% | $2,969,293,341▲11.5% | 990 |
| 2010 | — | $941,701,939 | $381,467,064 | $2,662,336,888 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Mark Fagan — $758,684 (0.26% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Mark Fagan | Executive Vp & Gm | 50 | $758,684 |
| Clifton Karnei | Former Executive Vp & Gm | 0 | $683,048 |
| Johnny York | Vice President - Transmission Through 10/31/2024 | 41 | $472,994 |
| Khaki Bordovsky | Cfo - Vp of Corporate Services | 45 | $431,838 |
| Shari Heino | Chief Risk & Compliance Officer | 45 | $278,119 |
| Kyle Minnix | Director of Member Services | 47 | $255,976 |
| Rodney Little | Chief Technology Officer - Vp of Is | 41 | $249,036 |
| David Fox | Manager Fiscal Services & Controller | 47 | $226,426 |
| Mark Pavelka | Director of Project Mgmt & Bus Dev | 48 | $224,957 |
| Joshua Clevenger | Former Vice President - Power Supply | 0 | $223,615 |
| David Albers | Vice President - Engineering & System Planning | 42 | $216,146 |
| Anthony Kroskey | Manager Transmission System Operations | 43 | $215,746 |
| David Webb | Coo - Vp of Ops & Maint | 45 | $210,454 |
| Jeffrey Stebbins | Manager Transmission Maintenance | 44 | $197,884 |
| Debra Wendrock | Manager Human Resources | 43 | $197,858 |
| Timothy Hartz | Manager Transmission Engineering | 47 | $193,446 |
| Rick Ickert | Secretary/treasurer | 8 | $44,007 |
| Audie Morris | Vice President | 9 | $43,573 |
| Dennis Mcwhorter | President | 20 | $43,139 |
| Frankie Martin | Director | 4 | $42,862 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Integrated Power Company LLC | Transmission Construction | $4,627,675 |
| Re-con Company | Substation Construction | $4,151,994 |
| Sterling Site Access Solutions | Site Access Services | $2,413,720 |
| Power Engineers | Engineering Consulting | $2,377,670 |
| Pike Electric | Substation Construction | $2,235,827 |
Grants made · $140.0M in FY2022
1 grant totaling $140.0M in FY2022. All grants made by Brazos Electric Power Cooperative Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Brazos Electric Rate Payer Hardship Fund | General support | $140,000,000 |
Frequently asked questions
- Is Brazos Electric Power Cooperative Inc a legitimate nonprofit?
- Yes. Brazos Electric Power Cooperative Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 74-0524729, based in Waco, Texas.
- What is Brazos Electric Power Cooperative Inc's EIN?
- Brazos Electric Power Cooperative Inc's Employer Identification Number (EIN) is 74-0524729.
- How much revenue does Brazos Electric Power Cooperative Inc report?
- Brazos Electric Power Cooperative Inc reported $312,124,623 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Brazos Electric Power Cooperative Inc have?
- CharityIndex grades Brazos Electric Power Cooperative Inc A, based on financial health (reserves and operating margin).
- How much does Brazos Electric Power Cooperative Inc's highest-paid employee make?
- The highest reported compensation on Brazos Electric Power Cooperative Inc's latest Form 990 is $758,684, paid to Mark Fagan (Executive Vp & Gm).
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Data for Brazos Electric Power Cooperative Inc (EIN 74-0524729) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.