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Farmers Electric Cooperative Inc Of New Mexico

Organization summary

Type of Nonprofit

Designated as a Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$47.3M (2022)

Expenses
$46.8M (2022)

Total Assets
$138M (2022)

Total Liabilities
$80.4M (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$47,264,526
Expenses
$46,762,466
Net Income
$502,060
Net Assets
$57,405,566
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $46,990,855
99.4%
Investment Income $267,119
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6,552
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $836,029
1.8%
Professional Fundraising Fees $0
Other Salaries and Wages $2,970,787
6.4%
Assets/Debt
Total Assets $137,800,646
Total Liabilities $80,395,080
Net Assets $57,405,566
Club or Co-Op Income
Income From Members $46,430,788
Income From Other Sources $381,616
Compensation
Key Employees and Officers Compensation Related Other
Lance R Adkins (General Manager (Jan Apr)) $146,566 $0 $152,806
Michael Sorrels (Line Foreman) $121,335 $0 $5,129
Darrel B Gomez (Line Superintendent) $117,906 $0 $32,518
Thomas J Moore (Director Of Member Services) $115,450 $0 $62,260
Michael L Mccord (Engineering Manager) $113,100 $0 $56,662
Suzette Howard (Accounting Manager) $112,183 $0 $65,473
Barry T Bass (Line Superintendent) $111,726 $0 $120,677
Helen Jo Wallin (Customer Service/Hr Manager) $111,488 $0 $54,750
Antonio Sanchez (Ceo/General Manager (May Dec)) $103,680 $0 $51,123
Judy Smith (Director) $4,927 $0 $0
Michael B West (President) $4,901 $0 $0
George Dodge Jr (Vice President) $4,527 $0 $0
Justin Barnes (Director) $3,527 $0 $0
John Pat Woods (Director) $3,079 $0 $0
Donnie Bidegain (Secretary/Treasurer) $2,927 $0 $0
Ernest Riley (Director (Jan Nov)) $2,600 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$42,708,107
Expenses
$42,053,021
Net Income
$655,086
Net Assets
$56,850,525
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $42,307,699
99.1%
Investment Income $394,606
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,802
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $554,732
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $2,670,495
6.4%
Assets/Debt
Total Assets $139,799,971
Total Liabilities $82,949,446
Net Assets $56,850,525
Club or Co-Op Income
Income From Members $42,187,673
Income From Other Sources $520,027
Compensation
Key Employees and Officers Compensation Related Other
Lance R Adkins (General Manager) $172,260 $0 $21,374
Darrel B Gomez (Line Superintendent) $114,510 $0 $148,761
Rodrick W Ragland (Line Foreman) $112,894 $0 $40,255
Thomas J Moore (Director Of Member Services) $111,168 $0 $59,613
Michael L Mccord (Engineering Manager) $108,177 $0 $53,016
Barry T Bass (Line Superintendent) $107,272 $0 $116,027
Helen Jo Wallin (Customer Service/Hr Manager) $104,967 $0 $79,434
Suzette Howard (Accounting Manager) $104,654 $0 $64,278
George Dodge Jr (Vice President) $3,712 $0 $0
Donnie Bidegain (Secretary/Treasurer) $3,112 $0 $0
Michael B West (President) $3,088 $0 $0
Judy Smith (Director) $3,086 $0 $0
Justin Barnes (Director) $2,912 $0 $0
Ernest Riley (Director) $2,808 $0 $0
John Pat Woods (Director) $2,667 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$40,269,820
Expenses
$40,221,183
Net Income
$48,637
Net Assets
$55,103,105
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $39,814,487
98.9%
Investment Income $454,404
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $929
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $588,880
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,667,821
6.6%
Assets/Debt
Total Assets $135,828,689
Total Liabilities $80,725,584
Net Assets $55,103,105
Club or Co-Op Income
Income From Members $40,173,640
Income From Other Sources $557,220
Compensation
Key Employees and Officers Compensation Related Other
Lance R Adkins (General Manager) $171,563 $0 $83,413
Bucky Minton (Line Superintendent) $112,759 $0 $20,287
Rodrick Ragland (Line Foreman) $112,606 $0 $31,064
John Duke (Line Foreman) $111,375 $0 $2,940
Darrel B Gomez (Line Superintendent) $109,321 $0 $127,281
Thomas J Moore (Director Of Member Service) $107,774 $0 $52,206
Michael Mccord (Manager Of Engineering) $103,757 $0 $40,531
Suzette Howard (Accounting Manager) $100,726 $0 $53,626
George Dodge Jr (Vice President) $3,715 $0 $0
Donnie Bidegain (Secretary/Treasurer) $3,115 $0 $0
Justin Barnes (Trustee) $3,115 $0 $0
Michael B West (President) $3,091 $0 $0
Ernest Riley (Trustee) $2,811 $0 $0
John Pat Woods (Trustee) $2,470 $0 $0
Paul Quintana Jan Apr (Trustee) $1,255 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$36,959,911
Expenses
$37,182,341
Net Income
-$222,430
Net Assets
$53,904,881
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $36,053,994
97.5%
Investment Income $888,517
2.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $17,400
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $612,550
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $2,559,464
6.9%
Assets/Debt
Total Assets $122,872,877
Total Liabilities $68,967,996
Net Assets $53,904,881
Club or Co-Op Income
Income From Members $36,214,372
Income From Other Sources $968,799
Compensation
Key Employees and Officers Compensation Related Other
Lance R Adkins (General Manager) $160,488 $0 $103,513
Bucky Minton (Line Superintendent) $113,596 $0 $65,335
Abel B Chavez (Line Foreman) $107,051 $0 $56,912
Rodrick W Ragland (Line Foreman) $106,322 $0 $40,313
Darrel B Gomez (Line Superintendent) $106,265 $0 $119,887
Thomas J Moore (Director Of Member Service) $103,577 $0 $64,325
Suzette Howard (Accounting Manager) $95,270 $0 $54,784
George Dodge Jr (Vice President) $6,745 $0 $0
Paul Quintana (Trustee) $6,181 $0 $0
Ernest Riley (Trustee) $4,831 $0 $0
Michael B West (President) $4,119 $0 $0
Donnie Bidegain (Secretary/Treasurer) $3,545 $0 $0
Justin Barnes (Trustee) $2,659 $0 $0
John Pat Woods (Trustee) $2,295 $0 $0
William Tate (Trustee (Jan)) $218 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$38,327,411
Expenses
$37,862,370
Net Income
$465,041
Net Assets
$52,618,225
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $37,722,196
98.4%
Investment Income $594,719
1.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $10,496
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $594,215
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $2,374,534
6.3%
Assets/Debt
Total Assets $116,718,648
Total Liabilities $64,100,423
Net Assets $52,618,225
Club or Co-Op Income
Income From Members $37,896,058
Income From Other Sources $693,930
Compensation
Key Employees and Officers Compensation Related Other
Lance R Adkins (General Manager) $156,688 $0 $89,136
Loy K Minton (Lineman) $108,643 $0 $64,279
Tyler L Cabeldue (Lineman) $103,273 $0 $46,978
Thomas J Moore (Director Of Member Service) $101,309 $0 $69,763
Suzette Howard (Accounting Manager) $90,642 $0 $58,635
Ernest Riley (Trustee) $6,620 $0 $0
Paul Quintana (Trustee) $5,773 $0 $0
George Dodge Jr (Vice President) $3,929 $0 $0
Michael B West (President) $3,304 $0 $0
William Tate (Trustee) $3,205 $0 $0
Donnie Bidegain (Secretary/Treasurer) $2,929 $0 $0
John Pat Woods (Trustee) $2,282 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$36,952,111
Expenses
$36,148,163
Net Income
$803,948
Net Assets
$49,046,055
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $36,142,706
97.8%
Investment Income $803,288
2.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6,117
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $559,270
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,426,902
6.7%
Assets/Debt
Total Assets $106,517,367
Total Liabilities $57,471,312
Net Assets $49,046,055
Club or Co-Op Income
Income From Members $36,698,754
Income From Other Sources $890,955
Compensation
Key Employees and Officers Compensation Related Other
Lance R Adkins (General Manager) $148,634 $0 $81,508
Thomas J Moore (Director Of Member Service) $96,887 $0 $60,796
Suzette Howard (Accounting Manager) $84,161 $0 $46,410
Ernest Riley (Trustee) $8,217 $0 $0
Paul Quintana (Trustee) $7,770 $0 $0
Michael B West (President) $4,299 $0 $0
Donnie Bidegain (Secretary/Treasurer) $3,524 $0 $0
William Tate (Trustee) $3,201 $0 $0
John Pat Woods (Trustee) $2,877 $0 $0
George Dodge Jr (Vice President) $2,724 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$36,553,910
Expenses
$36,005,294
Net Income
$548,616
Net Assets
$46,163,351
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $35,969,658
98.4%
Investment Income $569,945
1.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $14,307
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $530,692
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,431,480
6.8%
Assets/Debt
Total Assets $107,175,673
Total Liabilities $61,012,322
Net Assets $46,163,351
Club or Co-Op Income
Income From Members $39,089,138
Income From Other Sources $639,746
Compensation
Key Employees and Officers Compensation Related Other
Lance R Adkins (General Manager) $141,251 $0 $77,751
Thomas J Moore (Director Of Member Service) $96,034 $0 $56,250
Suzette Howard (Accounting Manager) $79,653 $0 $44,610
Ernest Riley (Secretary/Treasurer) $10,637 $0 $0
Paul Quintana (Trustee) $5,990 $0 $0
William Tate (Trustee) $4,621 $0 $0
George Dodge Jr (Vice President) $4,130 $0 $0
Michael B West (President) $3,930 $0 $0
John Pat Woods (Trustee) $3,305 $0 $0
Donnie Bidegain (Trustee) $2,530 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$34,530,725
Expenses
$34,297,816
Net Income
$232,909
Net Assets
$42,794,998
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $34,293,961
99.3%
Investment Income $233,252
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,512
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $520,949
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,130,149
6.2%
Assets/Debt
Total Assets $107,036,133
Total Liabilities $64,241,135
Net Assets $42,794,998
Club or Co-Op Income
Income From Members $34,328,083
Income From Other Sources $350,722
Compensation
Key Employees and Officers Compensation Related Other
Lance R Adkins (General Manager) $139,885 $0 $80,327
Thomas J Moore (Director Of Member Service) $90,296 $0 $57,008
Suzette Howard (Accounting Manager) $73,883 $0 $43,093
Ernest Riley (Secretary/Treasurer) $8,664 $0 $0
Paul Quintana (Trustee) $6,808 $0 $0
Michael B West (President) $5,935 $0 $0
Donnie Bidegain (Trustee) $4,535 $0 $0
George Dodge Jr (Vice President) $4,335 $0 $0
William Tate (Trustee) $3,645 $0 $0
John Pat Woods (Trustee) $2,535 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$38,116,789
Expenses
$37,379,077
Net Income
$737,712
Net Assets
$41,539,936
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $37,075,530
97.3%
Investment Income $1,040,290
2.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $969
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $502,750
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $2,069,346
5.5%
Assets/Debt
Total Assets $107,458,275
Total Liabilities $65,918,339
Net Assets $41,539,936
Club or Co-Op Income
Income From Members $38,049,023
Income From Other Sources $1,119,725
Compensation
Key Employees and Officers Compensation Related Other
Lance R Adkins (General Manager) $132,161 $0 $72,497
Thomas J Moore (Director Of Member Services) $86,850 $0 $47,263
Suzette Howard (Accounting Manager) $68,350 $0 $30,954
William Tate (Trustee) $22,120 $0 $0
John Pat Woods (Trustee) $21,589 $0 $0
Ernest Riley (Secretary/Treasurer) $7,077 $0 $0
Paul Quintana (Trustee) $4,217 $0 $0
Donnie Bidegain (Trustee) $3,924 $0 $0
Michael B West (President) $3,524 $0 $0
George Dodge Jr (Vice President) $2,224 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$37,346,258
Expenses
$37,346,258
Net Income
$0
Net Assets
$39,442,621
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $36,726,683
98.3%
Investment Income $608,733
1.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $8,774
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,068
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $449,381
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $1,927,930
5.2%
Assets/Debt
Total Assets $103,045,396
Total Liabilities $63,602,775
Net Assets $39,442,621
Club or Co-Op Income
Income From Members $36,773,963
Income From Other Sources $681,663
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Lance R Adkins (General Manager) $339,714 $0 $53,077
William Tate (Trustee) $22,237 $0 $0
John Pat Woods (Trustee) $20,583 $0 $0
Ernest Riley (Secretary/Treasurer) $4,092 $0 $0
Paul Quintana (Trustee) $3,027 $0 $0
Michael B West (President) $2,717 $0 $0
Donnie Bidegain (Trustee) $2,317 $0 $0
George Dodge Jr (Vice President) $1,617 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$35,673,656
Expenses
$35,673,656
Net Income
$0
Net Assets
$37,490,202
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $35,201,442
98.7%
Investment Income $470,247
1.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,967
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $403,847
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $1,871,942
5.2%
Assets/Debt
Total Assets $96,194,931
Total Liabilities $58,704,729
Net Assets $37,490,202
Club or Co-Op Income
Income From Members $35,418,565
Income From Other Sources $527,652

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$37,474,958
Expenses
$37,474,958
Net Income
$0
Net Assets
$34,562,065
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $37,114,249
99.0%
Investment Income $350,582
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $8,774
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,353
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $455,285
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $1,802,952
4.8%
Assets/Debt
Total Assets $88,881,599
Total Liabilities $54,319,534
Net Assets $34,562,065
Club or Co-Op Income
Income From Members $37,149,834
Income From Other Sources $404,622

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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  • Raw filing data. Includes EINs and summary financials as structured data.
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