HAMILTON COUNTY ELECTRIC COOPERATIVE ASSOCIATION

EIN: 740667584

HAMILTON, TX

Total Revenue
$41,728,183
Total Expenses
$41,514,205
Total Assets
$93,503,492
Net Assets
$51,500,185
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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
TX
Principal Officer
CODY LASATER
Phone
2543863123
Tax Period
2023-01-01 to 2023-12-31

HAMILTON COUNTY ELECTRIC COOPERATIVE ASSOCIATION, founded in 1938, is a mid-sized nonprofit that reported $41.7M in total revenue in fiscal year 2023.

Mission

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $41,012,767
Investment Income $281,396
Other Revenue $434,020
TOTAL REVENUE $41,728,183

Expense Breakdown

Grants Paid $21,722
Salaries & Benefits $3,081,183
Fundraising Expenses $0
Other Expenses $35,066,374
TOTAL EXPENSES $41,514,205

Year-over-Year Comparison

2023 2022 Change
Revenue $41,728,183 $42,983,209 0.0%
Expenses $41,514,205 $44,430,894 -0.1%
Net Income $213,978 $-1,447,685 -1.1%
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

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Governance

Voting Members
7
Independent Members
7
Employees
50
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
4
$333,919
Total Directors
7
$53,330
Key Employees
1
$181,250
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACK CALDWELL DIRECTOR 2.40
Director
$7,320 $0 $7,320
SAM CAMPBELL DIRECTOR 2.80
Director
$7,612 $0 $7,612
DUSTIN DUNCAN VICE PRESIDENT 4.70
Officer Director
$7,480 $0 $7,480
BRANDON HAILE SECRETARY/TREASURER 3.00
Officer Director
$7,985 $0 $7,985
ERVIN KOERTH DIRECTOR 3.30
Director
$7,993 $0 $7,993
JOHN PRIDDY DIRECTOR 2.40
Director
$7,320 $0 $7,320
ROBERT STRALEY PRESIDENT 6.10
Officer Director
$7,620 $0 $7,620
JAMES CODY LASATER GENERAL MANAGER 40.00
Officer
$194,313 $116,521 $310,834
JORGE MENDOZA ENG. SERVICES SUPERVSR 40.00
Key Emp
$157,328 $23,922 $181,250
JAMES HORTON SERVICE FOREMAN 40.00
Highest
$148,275 $66,646 $214,921
JUSTIN S WILSON MANAGER OF OPERATIONS 40.00
Highest
$142,746 $165,349 $308,095
RANDALL DENNING SERVICE FOREMAN 40.00
Highest
$140,206 $85,763 $225,969
JAMES G BELCHER CONSTRUCTION FOREMAN 40.00
Highest
$137,843 $115,106 $252,949
JUSTIN TUBBS CONSTRUCTION FOREMAN 40.00
Highest
$131,144 $79,419 $210,563
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 $41,728,183 $41,514,205 $93,503,492 $213,978
2022 $42,983,209 $44,430,894 $97,291,590 $-1,447,685
2021 $30,414,336 $30,753,904 $89,210,943 $-339,568
2020 $27,395,130 $27,236,670 $91,042,596 $158,460
2019 $28,863,465 $27,964,097 $88,665,563 $899,368
2018 $27,854,789 $27,181,316 $85,294,031 $673,473
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