SOUTH TEXAS ELECTRIC COOPERATIVE INC (EIN 741393760) - 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

1944

Legal Domicile

Principal Officer

CLIFTON ERIC LANGE

Phone

3615756491

Tax Period

2023-01-01 to 2023-12-31

SOUTH TEXAS ELECTRIC COOPERATIVE INC, founded in 1944, is a major nonprofit that reported $688.8M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

WE ARE A CUTTING-EDGE GENERATION AND TRANSMISSION COOPERATIVE PROVIDING ELECTRIC POWER AND A LEADER IN PROVIDING A DIVERSE PORTFOLIO OF AFFORDABLE ENERGY, A RELIABLE POWER DELIVERY SYSTEM AND SERVICES CUSTOMIZED TO THE NEEDS OF THE MEMBERS.

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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 $685,749,742

Investment Income $2,042,029

Other Revenue $995,117

TOTAL REVENUE $688,786,888

Expense Breakdown

Grants Paid $97,350

Salaries & Benefits $38,160,702

Fundraising Expenses $0

Other Expenses $602,051,031

TOTAL EXPENSES $695,526,145

Year-over-Year Comparison

	2023	2022	Change
Revenue	$688,786,888	$742,444,236	-0.1%
Expenses	$695,526,145	$755,296,598	-0.1%
Net Income	$-6,739,257	$-12,852,362	-0.5%

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

280

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

$1,202,522

Total Directors

$229,200

Key Employees

$1,005,063

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRADLEY E BIERSTEDT	DIRECTOR	5.00	Director	$16,000	$0	$16,000
BRUCE T ELLIOTT	DIRECTOR	3.00	Director	$16,000	$0	$16,000
DONALD WAYNE HERRMANN	DIRECTOR	6.25	Director	$16,000	$0	$16,000
HERBERT O GREBE III	DIRECTOR	5.00	Director	$16,000	$0	$16,000
JIM W HARTON	DIRECTOR	4.10	Director	$16,000	$0	$16,000
LARRY E HUESSER	ASSISTANT SEC-TREAS	4.50	Officer Director	$16,000	$0	$16,000
PAUL T BRYSCH JR	SECRETARY-TREASURER	4.25	Officer Director	$16,000	$0	$16,000
SAMMY L CONDRA	DIRECTOR	6.00	Director	$16,000	$0	$16,000
BRIAN RENE ACOSTA	DIRECTOR	5.00	Director	$15,400	$0	$15,400
MICHAEL V ABLES	DIRECTOR	5.00	Director	$15,200	$0	$15,200
BARBARA S MILLER	PRESIDENT	5.62	Officer Director	$15,000	$0	$15,000
BLAINE WARZECHA	DIRECTOR	2.00	Director	$14,800	$0	$14,800
S F RUSCHHAUPT III	DIRECTOR	4.00	Director	$14,800	$0	$14,800
RONALD D HUGHES	VICE-PRESIDENT	4.00	Officer Director	$13,000	$0	$13,000
BOBBY GENE BAUCH	DIRECTOR	4.00	Director	$6,600	$0	$6,600
CLYDE STEWART	DIRECTOR	4.00	Director	$6,400	$0	$6,400
JAMES COLEMAN	DIRECTOR (PD TO EMPLOYER)	4.00	Director	$0	$0	$0
VARZAVAND IRANI	DIRECTOR (PD TO EMPLOYER)	3.50	Director	$0	$0	$0
GARY RABON	DIRECTOR (PD TO EMPLOYER)	5.00	Director	$0	$0	$0
CLIFTON ERIC LANGE	GENERAL MANAGER	55.00	Officer	$656,995	$112,668	$769,663
TABATHA TEMPLE	CFO (JULY-DEC)	40.00	Officer	$176,296	$59,501	$235,797
JANE KRAUSE	CFO (JAN-MAY)	50.00	Officer	$124,791	$12,271	$137,062
CORY JAMES ALLEN	ASSISTANT GM/MGR OF POWER DELIVERY	40.00	Key Emp	$361,643	$197,244	$558,887
JOHN ALEX PACKARD	MGR OF POWER SUPPLY	40.00	Key Emp	$323,701	$122,475	$446,176
STEVEN WAYNE TAYLOR	TRANSMISSION LINE SUPER	45.00	Highest	$249,761	$146,776	$396,537
PAUL GEORGE PERSON	MGR OF ENGINEERING	40.00	Highest	$231,558	$99,478	$331,036
WENDY JO OHRT	MGR OF CORPORATE & MEMBER SVCS	45.00	Highest	$226,808	$98,095	$324,903
LUCAS RYAN TURNER	MGR OF WHOLESALE MARKETING/QSE	50.00	Highest	$217,809	$72,140	$289,949
ROGER FREDERICK BISHOP	PLANT MANAGER	40.00	Highest	$246,978	$22,049	$269,027
MICHAEL DALE KEZAR	FORMER GENERAL MANAGER	40.00		$327,765	$40,254	$368,019

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	$688,786,888	$695,526,145	$1,617,028,197	$-6,739,257
2022	$742,444,236	$755,296,598	$1,574,035,330	$-12,852,362
2021	$553,923,230	$574,304,021	$1,458,906,185	$-20,380,791
2020	$509,268,124	$548,662,853	$1,421,264,373	$-39,394,729
2019	$525,803,887	$576,612,564	$1,404,192,450	$-50,808,677
2018	$529,040,851	$579,168,237	$1,404,012,079	$-50,127,386
2018	$529,040,851	$579,168,237	$1,404,012,079	$-50,127,386

SOUTH TEXAS ELECTRIC COOPERATIVE INC