SAM HOUSTON ELECTRIC COOPERATIVE INC (EIN 740695563) - 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

1939

Legal Domicile

Principal Officer

DOUGLAS TURK

Phone

9363275711

Tax Period

2024-01-01 to 2024-12-31

SAM HOUSTON ELECTRIC COOPERATIVE INC, founded in 1939, is a major nonprofit that reported $232.2M in total revenue in fiscal year 2024.

Mission

SALES AND SERVICE OF ELECTRICAL POWER TO MEMBERS ON A COOPERATIVE BASIS.

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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 $230,966,925

Investment Income $439,410

Other Revenue $792,624

TOTAL REVENUE $232,198,959

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,450,459

Fundraising Expenses $0

Other Expenses $228,654,623

TOTAL EXPENSES $232,105,082

Year-over-Year Comparison

	2024	2023	Change
Revenue	$232,198,959	$218,824,648	+0.1%
Expenses	$232,105,082	$219,097,135	+0.1%
Net Income	$93,877	$-272,487	-1.3%

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

189

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

$3,220,512

Total Directors

$262,252

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SONYA REECE	CFO	45.88	Officer	$177,633	$40,464	$218,097
DOUGLAS TURK	CEO	71.37	Officer	$461,080	$118,691	$579,771
RYAN BROWN	ASSISTANT GM	47.36	Officer	$331,868	$79,663	$411,531
KEITH STAPLES	CIO	39.78	Officer	$274,566	$117,279	$391,845
JOSEPH CONNER	CHIEF RISK O	42.59	Officer	$271,096	$63,809	$334,905
RICKY HARRELL	CMS OFFICER	43.92	Officer	$244,981	$129,613	$374,594
RACHEL HAWKINS	CCO	43.17	Officer	$234,007	$41,511	$275,518
JOEL COLSTON	CHIEF ENGINE	46.68	Officer	$226,380	$54,053	$280,433
DANA MASSEY	CHIEF HR OFF	44.50	Officer	$191,382	$81,882	$273,264
JOHN HARRIS	LINEMAN	72.62	Highest	$209,395	$42,397	$251,792
SCOTT FERGUSON	DIRECTOR COO	45.42	Highest	$201,588	$149,722	$351,310
GARY WHITE	DIRECTOR OF	47.19	Highest	$192,508	$160,361	$352,869
ROBERT LANTRIP	LINEMAN	67.34	Highest	$197,947	$49,780	$247,727
CRAIG BARLOW	LINEMAN	67.41	Highest	$191,532	$67,862	$259,394
ROBERT BOYD	DIRECTOR	9.94	Director	$27,568	$0	$27,568
DON BOYETT	PRESIDENT	7.04	Officer Director	$32,218	$0	$32,218
CASEY EVANS DAVIS	DIRECTOR	3.25	Director	$26,469	$0	$26,469
JAMES ELMORE	DIRECTOR	1.88	Director	$26,568	$0	$26,568
KATHERINE HARDIN	SECRETARY	3.32	Officer Director	$22,768	$0	$22,768
GARY JENKE	DIRECTOR	4.39	Director	$26,568	$0	$26,568
ERNIE MILES	DIRECTOR	3.92	Director	$24,318	$0	$24,318
MICHAEL OLDNER	DIRECTOR	2.71	Director	$25,069	$0	$25,069
MILT PURVIS	DIRECTOR	4.31	Director	$69	$0	$69
JIM SEALE	DIRECTOR	4.38	Director	$25,069	$0	$25,069
CHUCK TURNER	VICE PRESIDE	3.42	Officer Director	$25,568	$0	$25,568
LYNN HENDRIX - SEE SCHEDULE O	RETIRED DIRE	0.00		$20,501	$0	$20,501
ROBERT LEISNER - SEE SCHEDULE O	RETIRED DIRE	0.00		$20,501	$0	$20,501

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	$232,198,959	$232,105,082	$670,983,040	$93,877
2023	$218,824,648	$219,097,135	$609,884,987	$-272,487
2022	$249,325,395	$236,242,893	$567,032,406	$13,082,502
2021	$193,585,191	$182,959,784	$521,558,036	$10,625,407
2020	$172,666,044	$171,902,069	$481,344,535	$763,975
2019	$172,947,776	$162,854,971	$455,569,422	$10,092,805
2018	$173,691,054	$166,073,691	$450,206,015	$7,617,363

SAM HOUSTON ELECTRIC COOPERATIVE INC