NAVASOTA VALLEY ELECTRIC COOPERATIVE INC (EIN 740866703) - 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

1941

Legal Domicile

Principal Officer

STEVE JONES

Phone

9798283232

Tax Period

2023-01-01 to 2023-12-31

NAVASOTA VALLEY ELECTRIC COOPERATIVE INC, founded in 1941, is a mid-sized nonprofit that reported $61.0M in total revenue in fiscal year 2023.

Mission

TO PROVIDE ELECTRIC ENERGY TO RURAL AREAS 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 $60,633,844

Investment Income $74,770

Other Revenue $303,511

TOTAL REVENUE $61,012,125

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,427,542

Fundraising Expenses $0

Other Expenses $57,138,105

TOTAL EXPENSES $63,565,647

Year-over-Year Comparison

	2023	2022	Change
Revenue	$61,012,125	$60,586,411	+0.0%
Expenses	$63,565,647	$60,586,411	+0.0%
Net Income	$-2,553,522	$0	N/A

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

$245,799

Total Directors

$109,546

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF GONZALES	PRESIDENT	3.90	Officer Director	$14,303	$0	$14,303
KENNETH ELLIOTT JAN-OCT	SECRETARY/TREASURER	2.60	Officer Director	$12,778	$0	$12,778
CHARLIE CARRIGAN	DIRECTOR	3.70	Director	$14,303	$0	$14,303
JERRY ROBERTSON JAN-OCT	VICE PRESIDENT	2.00	Officer Director	$9,212	$0	$9,212
JERRY HUBBARD JAN-OCT	DIRECTOR	2.10	Director	$10,172	$0	$10,172
BENNIE KIRVEN	DIRECTOR	3.00	Director	$12,172	$0	$12,172
CRAIG DUNLAP	SECRETARY	3.50	Officer Director	$12,803	$0	$12,803
GRANVILLE DAWSON	DIRECTOR	4.70	Director	$17,303	$0	$17,303
TERRANCE SMITHERMAN NOV-DEC	DIRECTOR	2.80	Director	$0	$0	$0
MICHAL AUTRY NOV-DEC	DIRECTOR	1.30	Director	$1,500	$0	$1,500
JAMES MATTHEWS NOV-DEC	DIRECTOR	0.90	Director	$2,500	$0	$2,500
KEITH NICKELSON JAN-APRIL	DIRECTOR	2.80	Director	$2,500	$0	$2,500
WILL SMITH MAY-DEC	DIRECTOR	1.60	Director	$0	$0	$0
STEVE JONES	GENERAL MANAGER	41.50	Officer	$159,420	$37,283	$196,703
JACK HANCOCK	LINE SUPERVISOR	40.00	Highest	$120,312	$50,855	$171,167
FERNANDO JACKSON	LINEMAN	40.00	Highest	$134,745	$19,165	$153,910
JEFF HRNCIR	LINEMAN	40.00	Highest	$121,021	$23,074	$144,095
PIOQUINTO STEARNS	LINEMAN	40.00	Highest	$121,679	$9,845	$131,524
DARRYL MCCORMICK	LINEMAN	40.00	Highest	$110,564	$27,295	$137,859

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	$61,012,125	$63,565,647	$108,980,268	$-2,553,522
2022	$60,586,411	$60,586,411	$109,425,993	No data
2021	$44,111,524	$44,111,524	$102,144,082	No data
2020	$37,480,398	$37,480,398	$99,328,629	No data
2019	$38,161,657	$38,161,657	$97,026,576	No data
2018	$38,383,576	$38,383,576	$94,617,915	No data

NAVASOTA VALLEY ELECTRIC COOPERATIVE INC