AUSTIN, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Texas Reliability Entity Inc, founded in 2010, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $19.1M in total revenue in fiscal year 2024. Expenses of $16.7M left a modest 13% surplus.
TEXAS RELIABILITY ENTITY, INC. (TEXAS RE) IS A TEXAS NON-PROFIT CORPORATION THAT IS (A) ONE OF THE SIX REGIONAL ENTITIES UNDER A DELEGATION AGREEMENT WITH NORTH AMERICAN ELECTRIC RELIABILITY CORPORATION (NERC) AS THE ERO (ELECTRIC RELIABILITY ORGANIZATION), WHICH WAS APPROVED BY THE FEDERAL ENERGY REGULATORY COMMISSION (FERC) ON MAY 6, 2010, FOR A FIVE-YEAR PERIOD BEGINNING JANUARY 1, 2011 AND RENEWED FOR ANOTHER FIVE-YEAR PERIOD BEGINNING JANUARY 1, 2016; AND UNDER ITS REGIONAL ENTITY CONTRACT, TEXAS RE FACILITATES DEVELOPMENT OF AND OVERSEES COMPLIANCE WITH FEDERAL ELECTRIC RELIABILITY STANDARDS BY USERS, OWNERS, AND OPERATORS OF THE BULK POWER SYSTEM (BPS) IN THE ELECTRIC RELIABILITY COUNCIL OF TEXAS, INC. (ERCOT) REGION IN TEXAS. THE AGREEMENT WAS EXTENDED FOR ANOTHER FIVE-YEAR TERM EFFECTIVE JANUARY 1, 2021.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $19,096,699 | $17,855,471 | +0.1% |
| Expenses | $16,671,016 | $15,761,555 | +0.1% |
| Net Income | $2,425,683 | $2,093,916 | +0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Jeffrey Corbett | Board Chair | 4.0 |
Officer
Director
|
$104,000 | $0 | $104,000 |
| Jim Albright | President & CEO | 40.0 |
Officer
Director
|
$598,746 | $62,971 | $661,717 |
| Suzanne Spauldomg | Board Vice Chair | 4.0 |
Officer
Director
|
$92,000 | $0 | $92,000 |
| Crystal Ashby | Director | 4.0 |
Director
|
$82,000 | $0 | $82,000 |
| Curt D Brockman | Affliated Director | 4.0 |
Director
|
$0 | $0 | $0 |
| Daniela Hammons | Affliated Director | 4.0 |
Director
|
$0 | $0 | $0 |
| Milton Lee | Audit, Governance & Finance Committee Chair | 4.0 |
Director
|
$92,000 | $0 | $92,000 |
| Derrick Davis | General Counsel and Corporate Secretary | 40.0 |
Officer
|
$325,047 | $58,598 | $383,645 |
| Donna Bjornson | Vice President & CFO | 40.0 |
Officer
|
$219,318 | $45,731 | $265,049 |
| Joseph Younger | Vice President & CPO | 40.0 |
Officer
|
$340,276 | $70,524 | $410,800 |
| David Paul Penney | Director, Reliability Services | 40.0 |
Highest
|
$211,140 | $39,509 | $250,649 |
| Kaitlin Van Zee | Director, Enforcement & Registration | 40.0 |
Highest
|
$240,059 | $41,313 | $281,372 |
| Kenath Carver | Director, Compliance Assessments | 40.0 |
Highest
|
$266,991 | $57,596 | $324,587 |
| mark Raymond Henry | Chief Engineer & Director, Reliability Outreach | 40.0 |
Highest
|
$251,322 | $58,241 | $309,563 |
| Paul Curtis | Deputy General Counsel | 40.0 |
Highest
|
$198,480 | $45,154 | $243,634 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $19,096,699 | $16,671,016 | $17,806,444 | $2,425,683 |
| 2023 | $17,855,471 | $15,761,555 | $15,877,428 | $2,093,916 |
| 2022 | $15,905,747 | $14,802,698 | $14,811,061 | $1,103,049 |
| 2021 | $13,917,263 | $14,370,270 | $5,245,131 | $-453,007 |
| 2020 | $14,208,096 | $14,514,284 | $5,509,609 | $-306,188 |
| 2019 | $14,629,508 | $13,612,553 | $5,811,906 | $1,016,955 |
| 2018 | $13,134,238 | $12,643,210 | $4,921,307 | $491,028 |
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