NUECES ELECTRIC COOPERATIVE INC (EIN 740811772) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1939

Legal Domicile

Principal Officer

VARZAVAND IRANI

Phone

3613872581

Tax Period

2023-01-01 to 2023-12-31

NUECES ELECTRIC COOPERATIVE INC, founded in 1939, is a major nonprofit that reported $102.7M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS AT COST ON A COOPERATIVE BASIS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $101,067,196

Investment Income $1,527,435

Other Revenue $98,246

TOTAL REVENUE $102,692,877

Expense Breakdown

Grants Paid $64,274

Salaries & Benefits $7,338,425

Fundraising Expenses $0

Other Expenses $84,483,164

TOTAL EXPENSES $101,422,328

Year-over-Year Comparison

	2023	2022	Change
Revenue	$102,692,877	$110,016,479	-0.1%
Expenses	$101,422,328	$109,998,829	-0.1%
Net Income	$1,270,549	$17,650	+71.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$1,311,780

Total Directors

$140,100

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUAN ALVARADO	DIRECTOR (JAN-OCT)	3.30	Director	$9,400	$0	$9,400
DONALD WAYNE HERRMANN	DIRECTOR	4.80	Director	$16,500	$0	$16,500
RUMALDO JUAREZ	VICE PRESIDENT	4.90	Director	$18,200	$0	$18,200
GLADYS LIPPINCOTT	DIRECTOR	2.10	Director	$17,100	$0	$17,100
BRIAN MENKING	PRESIDENT	4.20	Officer Director	$21,300	$0	$21,300
DAVID ROSSE	SECRETARY/TREASURER	5.30	Officer Director	$20,100	$0	$20,100
SUSAN STEWART	DIRECTOR	4.80	Director	$19,800	$0	$19,800
GREGG TRUESDALE	DIRECTOR	3.00	Director	$17,700	$0	$17,700
VARZAVAND IRANI	CHIEF EXECUTIVE OFFICER	50.00	Officer	$350,096	$102,554	$452,650
SARAH FISHER	COO/ASSISTANT GM	50.00	Officer	$201,469	$123,661	$325,130
ADRIANA PENA	CHIEF FINANCIAL OFFICER	47.00	Officer	$165,441	$81,583	$247,024
FRANK WILSON	CHIEF RETAIL OFFICER	47.00	Officer	$161,905	$83,671	$245,576
ROBERT HOLLOWAY	JOURNEYMAN LEAD	61.00	Highest	$200,120	$56,215	$256,335
RAYMUNDO PINA	JOURNEYMAN LEAD	52.00	Highest	$162,885	$49,821	$212,706
JUAN RIVERA	JOURNEYMAN LEAD	59.00	Highest	$193,120	$51,350	$244,470
ROLAND TREVINO	JOURNEYMAN	54.00	Highest	$150,489	$50,685	$201,174
MANUEL PINA	JOURNEYMAN	53.00	Highest	$145,093	$47,297	$192,390

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	$102,692,877	$101,422,328	$223,330,069	$1,270,549
2022	$110,016,479	$109,998,829	$219,076,817	$17,650
2021	$88,707,765	$88,584,814	$212,095,793	$122,951
2020	$97,372,195	$99,637,541	$210,472,027	$-2,265,346
2019	$115,181,797	$115,625,120	$206,673,260	$-443,323
2018	$115,333,723	$115,725,281	$192,520,741	$-391,558

NUECES ELECTRIC COOPERATIVE INC