COSERV ELECTRIC GROUP HEALTH BENEF… - Form 990 Financial Data

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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

2006

Legal Domicile

Principal Officer

BRENT BISHOP

Phone

9403217800

Tax Period

2023-01-01 to 2023-12-31

COSERV ELECTRIC GROUP HEALTH BENEFIT PLAN TRUST, founded in 2006, is a community nonprofit in the Mutual Benefit sector that reported $9.3M in total revenue in fiscal year 2023.

Mission

PROVIDE AN EMPLOYEE BENEFIT PLAN FOR THOSE EMPLOYED WITH DENTON COUNTY ELECTRIC COOPERATIVE (DBA COSERV ELECTRIC) AND AFFILIATED COMPANIES.

Program Service Accomplishments

Program 1

EMPLOYEE HEALTH BENEFIT PLAN FOR THOSE EMPLOYED AT DENTON COUNTY ELECTRIC COOPERATIVE (THE SPONSOR) AND AFFILIATED COMPANIES. THE PLAN COVERED 477 PARTICIPATING EMPLOYEES, RETIRED EMPLOYEES AND...

EMPLOYEE HEALTH BENEFIT PLAN FOR THOSE EMPLOYED AT DENTON COUNTY ELECTRIC COOPERATIVE (THE SPONSOR) AND AFFILIATED COMPANIES. THE PLAN COVERED 477 PARTICIPATING EMPLOYEES, RETIRED EMPLOYEES AND DIRECTORS.

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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 $9,184,737

Investment Income $164,037

Other Revenue $0

TOTAL REVENUE $9,348,774

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $299,299

TOTAL EXPENSES $9,738,124

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,348,774	$8,902,572	+0.1%
Expenses	$9,738,124	$8,938,415	+0.1%
Net Income	$-389,350	$-35,843	+9.9%

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

N/A

Employees

N/A

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

Total Directors

$3,026,601

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD CLARY	TRUSTEE	1.00	Director	$0	$312,040	$1,671,939
DENISE SMITHERS	TRUSTEE	1.50	Director	$0	$129,187	$494,504
BRENT BISHOP	TRUSTEE	2.00	Director	$0	$115,956	$487,514
DYAN JAMES	TRUSTEE	1.00	Director	$0	$60,054	$372,644

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	$9,348,774	$9,738,124	$5,395,140	$-389,350
2022	$8,902,572	$8,938,415	$5,923,647	$-35,843
2021	$8,478,438	$8,337,512	$5,751,398	$140,926
2020	$8,489,297	$7,051,456	$5,324,182	$1,437,841
2019	$6,985,155	$7,628,577	$3,886,341	$-643,422
2018	$8,559,311	$7,017,416	$4,529,763	$1,541,895

COSERV ELECTRIC GROUP HEALTH BENEFIT PLAN TRUST