BLUEBONNET ELECTRIC COOPERATIVE INC (EIN 740754103) - 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

MATT BENTKE

Phone

8886222583

Tax Period

2023-01-01 to 2023-12-31

BLUEBONNET ELECTRIC COOPERATIVE INC, founded in 1939, is a major nonprofit that reported $311.0M 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $309,062,472

Investment Income $750,740

Other Revenue $1,140,638

TOTAL REVENUE $310,953,850

Expense Breakdown

Grants Paid $445,279

Salaries & Benefits $26,042,218

Fundraising Expenses $0

Other Expenses $247,510,176

TOTAL EXPENSES $310,074,933

Year-over-Year Comparison

	2023	2022	Change
Revenue	$310,953,850	$304,607,852	+0.0%
Expenses	$310,074,933	$302,622,296	+0.0%
Net Income	$878,917	$1,985,556	-0.6%

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

396

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

$3,654,086

Total Directors

$412,990

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BYRON BALKE	ASST SECRETARY/TREASURER	8.00	Officer Director	$44,626	$0	$44,626
BRYAN BRACEWELL	DIRECTOR	8.10	Director	$44,842	$0	$44,842
RODERICK EMANUEL	VICE CHAIRMAN	9.20	Officer Director	$45,790	$0	$45,790
ERVIN B FLENCHER JR	CHAIRMAN	10.50	Officer Director	$50,082	$0	$50,082
DEBORAH GOERTZ	DIRECTOR	9.40	Director	$46,276	$0	$46,276
RUSSELL JURK	DIRECTOR	9.10	Director	$45,474	$0	$45,474
ROBERT MIKESKA	SECRETARY/TREASURER	9.00	Officer Director	$45,416	$0	$45,416
MILTON SHAW	DIRECTOR	10.60	Director	$45,642	$0	$45,642
CARRISSA WHITELEY	DIRECTOR	7.10	Director	$44,842	$0	$44,842
MATTHEW BENTKE	GENERAL MANAGER	50.00	Officer	$894,536	$308,213	$1,202,749
SARAH NEWMAN-ALTAMIRANO	GENERAL COUNSEL	50.00	Officer	$493,309	$44,808	$538,117
ERIC KOCIAN	CHIEF ENGINEER/SYSTEM OPS OFFICER	50.00	Officer	$457,192	$150,087	$607,279
GRANT GUTIERREZ	CFO	50.00	Officer	$454,894	$142,275	$597,169
RACHEL ELLIS	CHIEF ADMINISTRATIVE OFFICER	50.00	Officer	$350,505	$172,353	$522,858
WILLIAM HOLFORD	MGR OF PUBLIC AFFAIRS	50.00	Highest	$306,127	$39,897	$346,024
WESLEY BRINKMEYER	MGR COMMUNITY/DEVELOPMENT SERVICES	50.00	Highest	$275,639	$58,609	$334,248
THOMAS ELLIS	MGR OF ENGINEERING	50.00	Highest	$267,061	$103,969	$371,030
DANIEL FOWLER	MGR OF TECH PROGRAMS	50.00	Highest	$256,922	$60,598	$317,520
PHILLIP ELLIS	MGR OF TECHNICAL SERVICES	50.00	Highest	$256,907	$90,813	$347,720

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	$310,953,850	$310,074,933	$803,686,235	$878,917
2022	$304,607,852	$302,622,296	$731,168,086	$1,985,556
2021	$247,741,918	$247,578,217	$657,902,626	$163,701
2020	$227,422,554	$226,836,206	$613,433,209	$586,348
2019	$223,080,010	$222,480,255	$571,072,083	$599,755
2018	$230,203,311	$229,478,786	$541,694,101	$724,525

BLUEBONNET ELECTRIC COOPERATIVE INC