HEART OF TEXAS ELECTRIC COOPERATIVE INC (EIN 205724955) - 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

2007

Legal Domicile

Principal Officer

BRANDON YOUNG

Phone

2548402871

Tax Period

2023-01-01 to 2023-12-31

HEART OF TEXAS ELECTRIC COOPERATIVE INC, founded in 2007, is a mid-sized nonprofit in the Mutual Benefit sector that reported $73.4M in total revenue in fiscal year 2023.

Mission

TO PROVIDE ELECTRICITY TO RURAL AREAS IN TEXAS 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 $73,266,993

Investment Income $-51,796

Other Revenue $170,611

TOTAL REVENUE $73,385,808

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,093,727

Fundraising Expenses $0

Other Expenses $72,666,057

TOTAL EXPENSES $73,759,784

Year-over-Year Comparison

	2023	2022	Change
Revenue	$73,385,808	$71,261,483	+0.0%
Expenses	$73,759,784	$71,389,028	+0.0%
Net Income	$-373,976	$-127,545	+1.9%

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

$278,453

Total Directors

$51,930

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRANDON YOUNG	GM/CEO	40.00	Officer	$209,457	$68,996	$278,453
BRYAN CHANDLER	OPERATIONS M	40.00	Highest	$137,302	$54,498	$191,800
JIM BATES	ADMIN SERVIC	40.00	Highest	$111,605	$40,812	$152,417
BARRY BALLARD	LEAD LINEMAN	47.80	Highest	$121,657	$29,864	$151,521
SHAWN ASHCRAFT	LINEMAN 1ST	47.90	Highest	$114,952	$22,772	$137,724
HOBIE WARD	LEAD LINEMAN	46.50	Highest	$115,223	$14,656	$129,879
PAUL EDGE	DIRECTOR	1.00	Director	$5,900	$4	$5,904
KERMIT DREYER	DIRECTOR	1.00	Director	$2,346	$3,557	$5,903
BOBBY NAWARA	SECRETARY/TR	1.00	Director	$5,382	$521	$5,903
GARLAND COOK	PRESIDENT	1.00	Director	$5,850	$6	$5,856
ALLEN SHOWS	DIRECTOR	1.00	Director	$5,750	$6	$5,756
KENNETH HOLLAS	DIRECTOR	1.00	Director	$5,750	$3	$5,753
DAMON BONIFACE	DIRECTOR	1.00	Director	$5,637	$6	$5,643
DAN FOSTER	DIRECTOR	1.00	Director	$5,600	$6	$5,606
LARRY STOCK	VICE-PRESIDE	1.00	Director	$5,600	$6	$5,606

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	$73,385,808	$73,759,784	$116,421,421	$-373,976
2022	$71,261,483	$71,389,028	$119,447,821	$-127,545
2022	$38,245,612	$38,329,991	$119,447,821	$-84,379
2021	$50,473,996	$50,604,728	$108,808,693	$-130,732
2020	$46,318,601	$46,422,732	$101,740,976	$-104,131
2019	$45,742,549	$45,782,897	$99,399,700	$-40,348
2018	$45,109,957	$45,054,961	$98,480,499	$54,996

HEART OF TEXAS ELECTRIC COOPERATIVE INC