Nonprofit · EIN 85-0036237
FARMERS ELECTRIC COOPERATIVE INC OF NEW MEXICO
Tax-exempt · CLOVIS, NM 88102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $44,143,399 | $43,532,065 | $611,334 | $153,749,954 | $89,560,108 | $64,189,846 |
| December 31, 2023 | 990 | $42,596,016 | $42,425,385 | $170,631 | $137,801,679 | $77,411,068 | $60,390,611 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $43,502,412
- Investment income
- $629,848
- Other revenue
- $11,139
Expenses
- Grants and similar amounts paid
- $13,635
- Benefits paid to members
- $4,062,388
- Compensation of officers, directors and key employees
- $650,741
- Other salaries and wages
- $2,927,748
- Salaries, compensation and benefits (total)
- $5,325,646
- Professional fundraising fees
- $0
- Depreciation
- $4,393,843
Balance sheet and other
- Total assets, start of year
- $137,801,679
- Total assets, end of year
- $153,749,954
- Total liabilities, end of year
- $89,560,108
- Net assets, end of year
- $64,189,846
- Land, buildings and equipment
- $111,614,560
- Publicly traded securities
- $2,195,086
- Gross receipts
- $44,143,399
- Employees
- 64
- Volunteers
- 0
- Year formed
- 1937
- State of legal domicile
- NM
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANTONIO SANCHEZ | CEO/GENERAL MANAGER Officer | 46 | $181,507 | $83,955 |
| BARRY T BASS | LINE SUPERINTENDENT Highest-paid employee | 50 | $124,528 | $112,684 |
| THOMAS J MOORE | DIRECTOR OF MEMBER SERVICE Officer | 45 | $123,963 | $54,838 |
| SUZETTE HOWARD | CFO Officer | 45 | $120,252 | $57,759 |
| HELEN JO WALLIN | CUSTOMER SERVICE/HR MANAGER Highest-paid employee | 45 | $121,404 | $44,332 |
| MICHAEL L MCCORD | ENGINEERING MANAGER Highest-paid employee | 50 | $118,771 | $36,404 |
| KALON LAFFERTY | LINE FOREMAN Highest-paid employee | 50 | $114,238 | $19,248 |
| CALVIN LILES | LINE FOREMAN Highest-paid employee | 50 | $107,337 | $20,547 |
| GEORGE DODGE JR | VICE PRESIDENT Trustee or director, Officer | 5.5 | $5,517 | $0 |
| JUBAL PIERCE | TRUSTEE (JAN-NOV) Trustee or director | 3.8 | $4,517 | $0 |
| QUENTIN WOOD | TRUSTEE (MAY-DEC) Trustee or director | 2.9 | $3,985 | $0 |
| MICHAEL B WEST | PRESIDENT Trustee or director, Officer | 4 | $3,893 | $0 |
| JUDY SMITH | TRUSTEE Trustee or director | 2.6 | $3,517 | $0 |
| DONNIE BIDEGAIN | SECRETARY/TREASURER Trustee or director, Officer | 3.9 | $3,317 | $0 |
| JUSTIN BARNES | TRUSTEE Trustee or director | 2.2 | $2,717 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN PAT WOODS | TRUSTEE (JAN-MAY) Trustee or director | 0.9 | $1,004 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANTONIO SANCHEZ | CEO/GENERAL MANAGER Officer | 50 | $170,355 | $79,844 |
| BARRY T BASS | LINE SUPERINTENDENT Highest-paid employee | 50 | $121,225 | $103,303 |
| THOMAS J MOORE | DIRECTOR OF MEMBER SERVICES Officer | 45 | $121,365 | $51,179 |
| SUZETTE HOWARD | ACCOUNTING MANAGER Officer | 45 | $116,061 | $54,772 |
| HELEN JO WALLIN | CUSTOMER SERVICE/HR MANAGER Highest-paid employee | 45 | $115,606 | $42,974 |
| MICHAEL L MCCORD | ENGINEERING MANAGER Highest-paid employee | 50 | $116,752 | $36,201 |
| TYLER CABELDUE | LINE FOREMAN Highest-paid employee | 58 | $101,390 | $37,629 |
| KALON LAFFERTY | LINE SUPERINTENDENT Highest-paid employee | 58 | $106,763 | $18,426 |
| GEORGE DODGE JR | VICE PRESIDENT Trustee or director, Officer | 4.9 | $6,142 | $0 |
| MICHAEL B WEST | PRESIDENT Trustee or director, Officer | 4.5 | $4,516 | $0 |
| JUBAL PIERCE | DIRECTOR (JAN-NOV) Trustee or director | 3 | $4,457 | $0 |
| JUDY SMITH | DIRECTOR Trustee or director | 3.6 | $3,942 | $0 |
| DONNIE BIDEGAIN | SECRETARY/TREASURER Trustee or director, Officer | 4.1 | $3,142 | $0 |
| JUSTIN BARNES | DIRECTOR Trustee or director | 2.4 | $3,142 | $0 |
| JOHN PAT WOODS | DIRECTOR Trustee or director | 2.3 | $2,693 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 550, CLOVIS, NM 88102-0550
- In care of
- % SUZETTE HOWARD
- Principal officer (990 for 2024)
- ANTONIO SANCHEZ JR, PO BOX 550, CLOVIS, NM 881020550
- Signed the 990
- ANTONIO SANCHEZ JR, CEO
- Phone
- (575) 762-4466
- Website
- WWW.FECNM.ORG
- Return prepared by
- BOLINGER SEGARS GILBERT AND MOSS LLP
Mission
NONE
Program accomplishments
- PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 16,290 ACTIVE SERVICES AT YEAR END.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-0036237
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1939
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $153,749,954
- Income (IRS master file)
- $44,143,399
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $44,143,399 | $43,532,065 | $153,749,954 | XML |
| 990 | December 2023 | $42,596,016 | $42,425,385 | $137,801,679 | XML |
| 990 | December 2022 | $47,264,526 | $46,762,466 | $137,800,646 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-0036237).
Questions about FARMERS ELECTRIC COOPERATIVE INC OF NEW MEXICO
- What is the EIN of FARMERS ELECTRIC COOPERATIVE INC OF NEW MEXICO?
- The employer identification number (EIN) of FARMERS ELECTRIC COOPERATIVE INC OF NEW MEXICO is 85-0036237.
- Is FARMERS ELECTRIC COOPERATIVE INC OF NEW MEXICO tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1939.
- Are donations to FARMERS ELECTRIC COOPERATIVE INC OF NEW MEXICO tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FARMERS ELECTRIC COOPERATIVE INC OF NEW MEXICO file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FARMERS ELECTRIC COOPERATIVE INC OF NEW MEXICO due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FARMERS ELECTRIC COOPERATIVE INC OF NEW MEXICO last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FARMERS ELECTRIC COOPERATIVE INC OF NEW MEXICO?
- The 990 for the year ended December 31, 2024 names ANTONIO SANCHEZ JR.
- Who are the officers and directors of FARMERS ELECTRIC COOPERATIVE INC OF NEW MEXICO?
- The 990 for the year ended December 31, 2024 lists 16 people; 16 received compensation from the organization, the highest $181,507 (ANTONIO SANCHEZ, CEO/GENERAL MANAGER).
- How much revenue does FARMERS ELECTRIC COOPERATIVE INC OF NEW MEXICO have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $44,143,399, expenses of $43,532,065 and total assets of $153,749,954 at year end.
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