CENTRAL NEW MEXICO ELECTRIC COOPERATIVE INC (EIN 850092965) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1945

Legal Domicile

Principal Officer

ALENA BRANDENBERGER

Phone

5058324483

Tax Period

2023-01-01 to 2023-12-31

CENTRAL NEW MEXICO ELECTRIC COOPERATIVE INC, founded in 1945, is a mid-sized nonprofit that reported $40.1M in total revenue in fiscal year 2023.

Mission

TO PROVIDE HIGH QUALITY ELECTRIC SERVICES TO ITS MEMBERS ON A COOPERATIVE BASIS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $39,420,783

Investment Income $391,504

Other Revenue $238,324

TOTAL REVENUE $40,050,611

Expense Breakdown

Grants Paid $30,637

Salaries & Benefits $5,518,176

Fundraising Expenses $0

Other Expenses $31,911,611

TOTAL EXPENSES $39,797,236

Year-over-Year Comparison

	2023	2022	Change
Revenue	$40,050,611	$37,890,538	+0.1%
Expenses	$39,797,236	$37,736,383	+0.1%
Net Income	$253,375	$154,155	+0.6%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$369,123

Total Directors

$89,009

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH ANAYA MAY-DEC	TRUSTEE	9.00	Director	$7,525	$0	$7,525
WAYNE CONNELL	VICE PRESIDENT	3.80	Officer Director	$11,352	$0	$11,352
DUANE FROST	PRESIDENT	4.90	Officer Director	$11,636	$0	$11,636
LISA GARDNER	ASSISTANT SECRETARY	4.60	Director	$11,485	$0	$11,485
BILL KING	SECRETARY	4.00	Officer Director	$11,191	$0	$11,191
KENNETH LUJAN MAY-DEC	TRUSTEE	2.50	Director	$7,757	$0	$7,757
SANTOS TAPIA	TRUSTEE	3.60	Director	$12,140	$0	$12,140
JOSEPH VICENTE	TREASURER	2.30	Officer Director	$12,044	$0	$12,044
PHILLIP WALLIN JAN-MAY	ASSISTANT SECRETARY	0.40	Officer Director	$3,879	$0	$3,879
ALENA BRANDENBERGER	CEO	40.00	Officer	$167,455	$33,410	$200,865
ALEXANDRA SANDOVAL	CFO	40.00	Officer	$96,299	$21,857	$118,156
JEREMIAH KECK	LINE FOREMAN	40.00	Highest	$131,828	$30,065	$161,893
ERNESTO ACOSTA	JOURNEYMAN LINEMAN	40.00	Highest	$124,549	$13,752	$138,301
FRED MARTIN	LINE FOREMAN	40.00	Highest	$123,329	$30,227	$153,556
PATRICK SANCHEZ	LINE FOREMAN	40.00	Highest	$113,406	$32,112	$145,518
JUSTIN WALDON	JOURNEYMAN LINEMAN	40.00	Highest	$108,202	$22,457	$130,659

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$40,050,611	$39,797,236	$106,066,586	$253,375
2022	$37,890,538	$37,736,383	$107,325,182	$154,155
2021	$37,969,143	$38,050,059	$106,523,991	$-80,916
2020	$36,998,583	$36,944,292	$105,115,924	$54,291
2019	$36,676,345	$36,575,658	$104,483,294	$100,687
2018	$36,722,814	$36,648,313	$104,341,111	$74,501

CENTRAL NEW MEXICO ELECTRIC COOPERATIVE INC