BANDERA ELECTRIC COOPERATIVE INC (EIN 740498072) - 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

1938

Legal Domicile

Principal Officer

WILLIAM HETHERINGTON

Phone

8662263372

Tax Period

2024-01-01 to 2024-12-31

BANDERA ELECTRIC COOPERATIVE INC, founded in 1938, is a major nonprofit that reported $114.4M in total revenue in fiscal year 2024.

Mission

TO PROVIDE ELECTRIC, BROADBAND INTERNET AND OTHER RELATED GOODS AND SERVICES TO OUR MEMBERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $113,666,293

Investment Income $92,574

Other Revenue $607,771

TOTAL REVENUE $114,366,638

Expense Breakdown

Grants Paid $101,968

Salaries & Benefits $14,707,738

Fundraising Expenses $0

Other Expenses $87,529,885

TOTAL EXPENSES $114,274,372

Year-over-Year Comparison

	2024	2023	Change
Revenue	$114,366,638	$110,428,725	+0.0%
Expenses	$114,274,372	$110,134,246	+0.0%
Net Income	$92,266	$294,479	-0.7%

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

168

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

$2,185,139

Total Directors

$284,525

Key Employees

$1,510,244

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNEGRETH NIEMANN	DIRECTOR	12.50	Director	$34,725	$0	$34,725
CHRIS BLAKEMORE	DIRECTOR	6.90	Director	$35,500	$0	$35,500
JEFFERY SLOCUM	DIRECTOR	6.00	Director	$28,500	$0	$28,500
JEREMY DILLER	VICE CHAIRMAN	6.80	Officer Director	$34,000	$0	$34,000
KURT SOLIS	SECRETARY/TREASURER	5.50	Officer Director	$31,100	$0	$31,100
FRANCES LAUE	DIRECTOR	6.30	Director	$30,000	$0	$30,000
MICHAEL EDWARDS	CHAIRMAN	4.80	Officer Director	$31,700	$0	$31,700
RICHARD EARNEST	DIRECTOR	5.40	Director	$28,000	$0	$28,000
ROBERT AGUIRRE	DIRECTOR	6.00	Director	$31,000	$0	$31,000
WILLIAM HETHERINGTON	CHIEF EXECUTIVE OFFICER/GM	50.00	Officer	$817,452	$148,084	$965,536
STEPHANIE PANKRATZ	CHIEF FINANCIAL OFFICER	45.00	Officer	$224,698	$30,550	$255,248
SHANE SCHMIDT	CHIEF OPERATIONS OFFICER	52.00	Officer	$343,468	$77,783	$421,251
JOHN PADALINO	GENERAL COUNSEL/CHIEF ADMIN OFFICER	60.00	Officer	$366,292	$80,012	$446,304
JOHN RUSH	DIRECTOR OF ELECTRIC OPERATIONS	50.00	Key Emp	$218,967	$78,541	$297,508
THILO JANSSEN	DIRECTOR OF ENGINEERING	52.00	Key Emp	$193,999	$63,534	$257,533
ALLEN MARSHALL	DIRECTOR OF BROADBAND OPERATIONS	50.00	Key Emp	$179,185	$55,436	$234,621
MICHAEL SHULTS	NETWORK OPERATIONS MANAGER	46.00	Key Emp	$163,624	$44,368	$207,992
JOHNNY OLIBAS	DIRECTOR OF INFORMATION TECHNOLOGY	40.00	Key Emp	$161,125	$71,504	$232,629
MARK BUSBY	T&D OPERATIONS MANAGER	50.00	Key Emp	$154,676	$125,285	$279,961
JOHN HERNANDEZ	LINE FOREMAN	51.00	Highest	$163,762	$66,334	$230,096
WILLIAM DOWNUM	LINE FOREMAN	48.00	Highest	$153,184	$41,802	$194,986
GARRETT CLARK	LINE FOREMAN	49.00	Highest	$151,554	$48,146	$199,700
BILLY SIMPSON	MANAGER OF PRODUCTS & SERV	50.00	Highest	$148,862	$52,039	$200,901
JOSEPH SAUCE	INFORMATION TECHNOLOGY MANAGER	45.00	Highest	$143,810	$26,131	$169,941

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	$114,366,638	$114,274,372	$357,726,185	$92,266
2023	$110,428,725	$110,134,246	$336,575,781	$294,479
2022	$101,364,554	$103,436,072	$313,922,320	$-2,071,518
2021	$89,188,257	$89,743,428	$290,540,608	$-555,171
2020	$81,183,694	$81,387,836	$270,892,866	$-204,142
2019	$80,569,947	$80,356,378	$245,266,579	$213,569
2018	$74,737,443	$74,854,330	$205,162,185	$-116,887

BANDERA ELECTRIC COOPERATIVE INC