SOUTHWEST POWER POOL INC (EIN 710748158) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

David Kelley

Phone

5016143200

Tax Period

2023-01-01 to 2023-12-31

SOUTHWEST POWER POOL INC, founded in 1994, is a major nonprofit that reported $200.7M in total revenue in fiscal year 2018. Expenses of $193.6M left a modest 4% surplus.

Mission

Regional transmission organization that provides the following services to its members and customers: tariff administration, electric reliability coordination, regional transmission scheduling, regional transmission expansion planning, day-ahead and real time markets, transmission congestion rights, reliability unit commitment, operating reserve market, and consolidated balancing authority.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $660,000

Program Service Revenue $261,511,538

Investment Income $9,408,339

Other Revenue $0

TOTAL REVENUE $271,579,877

Expense Breakdown

Grants Paid $0

Salaries & Benefits $139,543,438

Fundraising Expenses $0

Program Expenses $253,199,068

Other Expenses $113,655,630

TOTAL EXPENSES $253,199,068

Year-over-Year Comparison

	2023	2022	Change
Revenue	$271,579,877	$249,826,324	+0.1%
Expenses	$253,199,068	$222,533,268	+0.1%
Net Income	$18,380,809	$27,293,056	-0.3%

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

797

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

$10,132,786

Total Directors

$3,917,759

Key Employees

$2,302,107

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Barbara Sugg	President and CEO	40	Officer Director	$2,282,060	$217,699	$2,499,759
Lanny Nickell	Executive Vice President and COO	40	Officer	$1,343,095	$177,116	$1,520,211
Bruce Rew	Senior Vice President - Operations	40.0	Officer	$746,318	$221,682	$968,000
Paul Suskie	Executive Vice - General Counsel	40.0	Officer	$740,274	$115,583	$855,857
Michael Ross	Senior Vice President - External Affairs	40.00	Officer	$604,561	$138,934	$743,495
Antoine Lucas	Vice President - Markets	40	Officer	$607,540	$92,087	$699,627
John Sam Ellis	Vice President, IT and Chief Information Security Officer	40.00	Officer	$500,081	$165,482	$665,563
Michael Desselle	Vice President - Process Integrity and CCAO	40	Officer	$550,427	$108,822	$659,249
Kelly Carney	Vice President - Human Capital & CPO	40	Officer	$515,273	$106,502	$621,775
Keith Norman Collins	VP - Market Monitoring	40	Key Emp	$507,319	$73,800	$581,119
Ralph Chapman Jr	Senior Director - Facilities and IT Applications	40.0	Key Emp	$352,051	$130,482	$482,533
David Kelley Jr	Vice President - Engineering	40	Officer	$374,477	$89,286	$463,763
Carlie M Brown Jr	Senior Director - Systems Operations	40	Key Emp	$363,086	$85,718	$448,804
Bert Bressers	Senior Director - Operations Support	40.0	Highest	$347,081	$94,554	$441,635
Deborah Sterzing	Senior Vice President Finance and CFO	40	Officer	$383,885	$51,602	$435,487
Michael Riley	Senior Director Deputy General Counsel	40	Highest	$339,904	$92,398	$432,302
Charles Yeung	Executive Director - Interregional Affairs	40	Highest	$304,716	$117,482	$422,198
Jerome Wild	Senior Director - Technology & Services	40	Key Emp	$321,657	$87,128	$408,785
Leonard Tao	Director - FERC Policy	40	Highest	$325,018	$63,927	$388,945
Casey Cathey	Senior Director - Grid Asset Utility	40	Key Emp	$304,121	$76,745	$380,866
Carrie Simpson	Director - Western Services Development	40	Highest	$247,149	$42,097	$289,246
Susan Certoma	Chair	5	Director	$181,000	$0	$181,000
Elizabeth Moore	Vice Chair	5	Director	$175,375	$0	$175,375
John Cupparo	Board Member	5	Director	$168,375	$0	$168,375
Steve Wright	Board Member	5	Director	$161,750	$0	$161,750
Raymond Hepper	Board Member	5	Director	$159,875	$0	$159,875
Larry Altenbaumer	Board Member	5	Director	$156,625	$0	$156,625
Joshua Martin	Board Member	5	Director	$151,500	$0	$151,500
John Ben Trowbridge	Board Member	5	Director	$142,500	$0	$142,500
Bastone Bronwen	Board Member	5	Director	$121,000	$0	$121,000

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	$271,579,877	$253,199,068	$1,889,607,753	$18,380,809
2022	$249,826,324	$222,533,268	$1,777,102,042	$27,293,056
2021	$198,344,637	$194,819,726	$1,101,785,399	$3,524,911
2020	$219,318,372	$208,821,666	$725,435,823	$10,496,706
2019	$197,124,287	$193,346,002	$651,884,480	$3,778,285
2018	$200,743,528	$193,587,983	$626,067,275	$7,155,545

SOUTHWEST POWER POOL INC