PEDERNALES ELECTRIC COOPERATIVE INC (EIN 740828412) - 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

JULIE PARSLEY CEO

Phone

8008684732

Tax Period

2023-01-01 to 2023-12-31

PEDERNALES ELECTRIC COOPERATIVE INC, founded in 1938, is a major nonprofit that reported $882.8M in total revenue in fiscal year 2023.

Mission

TO DELIVER LOW-COST, RELIABLE AND SAFE ELECTRIC ENERGY TO THE 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 $877,807,193

Investment Income $587,003

Other Revenue $4,359,185

TOTAL REVENUE $882,753,381

Expense Breakdown

Grants Paid $0

Salaries & Benefits $74,773,862

Fundraising Expenses $0

Other Expenses $751,878,060

TOTAL EXPENSES $879,429,439

Year-over-Year Comparison

	2023	2022	Change
Revenue	$882,753,381	$838,417,831	+0.1%
Expenses	$879,429,439	$825,968,573	+0.1%
Net Income	$3,323,942	$12,449,258	-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

1015

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

$2,806,264

Total Directors

$255,900

Key Employees

$2,677,148

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY LEA SJ AKERS	DIRECTOR	10.00	Director	$36,100	$0	$36,100
TRAVIS COX	SECRETARY/TREASURER	13.00	Officer Director	$36,600	$0	$36,600
MARK EKRUT	PRESIDENT	18.00	Officer Director	$37,200	$0	$37,200
PAUL GRAF	VICE PRESIDENT	14.30	Officer Director	$37,200	$0	$37,200
JAMES OAKLEY	DIRECTOR	8.00	Director	$36,100	$0	$36,100
EMILY PATAKI	DIRECTOR	14.00	Director	$36,100	$0	$36,100
MILTON RISTER	DIRECTOR	10.00	Director	$36,600	$0	$36,600
JULIE PARSLEY	CHIEF EXECUTIVE OFFICER	53.00	Officer	$833,543	$47,234	$880,777
EDWARD A DAUTERIVE	CHIEF OPERATIONS OFFICER	65.00	Officer	$507,557	$97,670	$605,227
RANDY KRUGER	CHIEF FINANCIAL OFFICER	50.00	Officer	$545,188	$65,400	$610,588
DON BALLARD	GENERAL COUNSEL	58.00	Officer	$551,531	$47,141	$598,672
JOHN URBAN	EVP - EXTERNAL RELATIONS	50.00	Key Emp	$412,492	$70,371	$482,863
DAVID THOMPSON	VP - MARKETS	50.00	Key Emp	$361,222	$66,140	$427,362
TIMOTHY NANCE	VP - MEMBER RELATIONS	40.00	Key Emp	$314,272	$68,941	$383,213
STEPHEN MALDONADO	VP - OPERATIONS	65.00	Key Emp	$362,971	$161,517	$524,488
JOSE TREVINO	VP - ENGINEERING	48.00	Key Emp	$397,040	$58,868	$455,908
NATHANIEL FULMER	VP - WORKFORCE & SAFETY OP	50.00	Key Emp	$351,937	$51,377	$403,314
AISHA HAGEN	ASSOCIATE GENERAL COUNSEL	40.00	Highest	$364,466	$50,117	$414,583
CHRISTIAN POWELL	VP - COMPLIANCE & REGULATORY	55.00	Highest	$360,439	$62,788	$423,227
KATHERINE JONES	CONTROLLER	45.00	Highest	$355,950	$65,193	$421,143
JOHN WARREN	DIR OF TRANSMISSION CONTROL CENTER	47.00	Highest	$258,688	$54,392	$313,080
PAUL LOCHTE	DIR OF ENGINEERING AND PLANNING	48.00	Highest	$253,014	$101,614	$354,628

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	$882,753,381	$879,429,439	$2,211,992,643	$3,323,942
2022	$838,417,831	$825,968,573	$2,075,295,828	$12,449,258
2021	$830,415,690	$832,551,138	$2,029,870,184	$-2,135,448
2020	$646,124,582	$649,574,355	$1,903,877,376	$-3,449,773
2019	$621,215,918	$621,839,027	$1,808,003,892	$-623,109
2018	$639,685,263	$638,277,235	$1,703,015,359	$1,408,028

PEDERNALES ELECTRIC COOPERATIVE INC