SAN PATRICIO ELECTRIC COOPERATIVE INC (EIN 740880813) - 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

RONALD HUGHES

Phone

3613642220

Tax Period

2023-01-01 to 2023-12-31

SAN PATRICIO ELECTRIC COOPERATIVE INC, founded in 1938, is a mid-sized nonprofit that reported $33.6M 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 $33,360,547

Investment Income $272,355

Other Revenue $-42,951

TOTAL REVENUE $33,589,951

Expense Breakdown

Grants Paid $10,019

Salaries & Benefits $3,738,308

Fundraising Expenses $0

Other Expenses $26,405,557

TOTAL EXPENSES $33,589,951

Year-over-Year Comparison

	2023	2022	Change
Revenue	$33,589,951	$33,604,198	0.0%
Expenses	$33,589,951	$33,604,198	0.0%
Net Income	$0	$0	N/A

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

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

$921,483

Total Directors

$54,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM MAYO	PRESIDENT	6.20	Officer Director	$9,800	$0	$9,800
JIM BASSETT	VICE PRESIDENT	5.50	Officer Director	$7,800	$0	$7,800
CLYDE STEWART	SECRETARY/TREASURER	7.20	Officer Director	$10,200	$0	$10,200
BOBBY BAUCH	DIRECTOR (JAN-JULY)	6.90	Director	$3,000	$0	$3,000
DAREN WILDER	DIRECTOR	6.70	Director	$11,100	$0	$11,100
TYRNE MENGERS	DIRECTOR	6.00	Director	$7,300	$0	$7,300
BENNIE VICKERS	DIRECTOR	0.70	Director	$5,000	$0	$5,000
RONALD HUGHES	GENERAL MANAGER	45.00	Officer	$232,346	$55,390	$287,736
ALBERT GAITAN	OPERATIONS MANAGER	40.00	Officer	$128,863	$42,246	$171,109
ROSEMARY LUJAN	FINANCIAL SERVICE MANAGER	40.00	Officer	$112,999	$40,137	$153,136
JAMES MUSCHALEK	TECHNOLOGY SERVICES MANAGER	40.00	Officer	$108,354	$41,675	$150,029
BRITTANY WILLIAMS	MANAGER OF MEMBER SERVICES	40.00	Officer	$94,082	$37,591	$131,673
RENE GUTIERREZ	OPERATIONS SUPERVISOR	40.00	Highest	$144,916	$39,387	$184,303
JOE CRUZ III	FOREMAN	40.00	Highest	$129,723	$38,353	$168,076
JESSE RIVERA	LINEMAN	40.00	Highest	$126,304	$37,873	$164,177
ERNESTO GUTIERREZ	LINEMAN	40.00	Highest	$121,512	$37,612	$159,124

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	$33,589,951	$33,589,951	$89,623,768	No data
2022	$33,604,198	$33,604,198	$85,637,055	No data
2021	$30,346,375	$30,346,375	$78,685,821	No data
2020	$30,405,917	$27,379,679	$80,957,684	$3,026,238
2019	$29,455,397	$29,307,559	$78,527,847	$147,838
2019	$31,670,076	$28,186,447	$78,527,847	$3,483,629
2018	$30,415,337	$27,420,510	$77,802,755	$2,994,827

SAN PATRICIO ELECTRIC COOPERATIVE INC