AUSTIN, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ELECTRIC RELIABILITY COUNCIL OF TEXAS INC, founded in 1990, is a major nonprofit in the Public & Societal Benefit sector that reported $488.0M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $85.2M, a strong 17% operating margin.
ELECTRIC RELIABILITY COUNCIL OF TEXAS, INC. (ERCOT) LESSENS THE BURDENS OF GOVERNMENT, SERVES THE PUBLIC INTEREST BY, AND FULFILLS ITS STATUTORY OBLIGATION BY: (I) ENSURING OPEN ACCESS TO TRANSMISSION AND DISTRIBUTION SYSTEMS; (II) MAINTAINING SYSTEM RELIABILITY AND OPERATIONS; (III) ENABLING RETAIL CHOICE; (IV) OPERATING FAIR AND COMPETITIVE WHOLESALE MARKETS; (V) MAINTAINING THE RENEWABLE ENERGY CREDITS REGISTRY; AND (VI) PROVIDING LEADERSHIP AND INDEPENDENT EXPERTISE TO IMPROVE SYSTEM RELIABILITY AND MARKET EFFICIENCY. ERCOT MANAGES THE FLOW OF ELECTRIC POWER TO MORE THAN 26 MILLION TEXAS CUSTOMERS REPRESENTING ABOUT 90 PERCENT OF THE STATE'S ELECTRIC LOAD. AS THE INDEPENDENT SYSTEM OPERATOR FOR THE REGION, ERCOT SCHEDULES POWER ON AN ELECTRIC GRID THAT CONNECTS MORE THAN 54,100 MILES OF TRANSMISSION LINES AND 1,250 GENERATION UNITS. ERCOT ALSO PERFORMS FINANCIAL SETTLEMENT FOR THE COMPETITIVE WHOLESALE BULK-POWER MARKET AND ADMINISTERS RETAIL SWITCHING FOR NEARLY 8 MILLION PREMISES IN COMPETITIVE CHOICE AREAS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $488,027,967 | $355,423,897 | +0.4% |
| Expenses | $402,791,058 | $328,536,901 | +0.2% |
| Net Income | $85,236,909 | $26,886,996 | +2.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| PABLO VEGAS | BOARD MEMBER; PRESIDENT AND CEO | 40.00 |
Officer
Director
|
$2,126,425 | $75,754 | $2,202,179 |
| BILL FLORES | BOARD MEMBER | 4.00 |
Director
|
$150,052 | $0 | $150,052 |
| CARLOS AGUILAR | BOARD MEMBER | 4.00 |
Director
|
$123,500 | $0 | $123,500 |
| COURTNEY HJALTMAN | BOARD MEMBER | 4.00 |
Director
|
$0 | $0 | $0 |
| JOHN SWAINSON | BOARD MEMBER | 4.00 |
Director
|
$129,750 | $0 | $129,750 |
| JULIE ENGLAND | BOARD MEMBER | 4.00 |
Director
|
$123,500 | $0 | $123,500 |
| LINDA CAPUANO | BOARD MEMBER | 4.00 |
Director
|
$80,000 | $0 | $80,000 |
| PAUL FOSTER | BOARD MEMBER | 4.00 |
Director
|
$0 | $0 | $0 |
| PEGGY HEEG | BOARD MEMBER | 4.00 |
Director
|
$138,802 | $0 | $138,802 |
| ROBERT FLEXON | BOARD MEMBER | 4.00 |
Director
|
$138,802 | $0 | $138,802 |
| CHAD SEELY | SR. VP, GENERAL COUNSEL | 40.00 |
Officer
|
$965,184 | $77,103 | $1,042,287 |
| JEYANT TAMBY | SR. VP AND CAO & CHIEF OF STAFF | 40.00 |
Officer
|
$638,708 | $80,938 | $719,646 |
| SEAN TAYLOR | VP & CFO | 40.00 |
Officer
|
$554,962 | $73,285 | $628,247 |
| KENAN OGELMAN | VP, COMMERCIAL OPERATIONS | 40.00 |
Officer
|
$552,368 | $55,317 | $607,685 |
| MARA SPAK | VP, HUMAN RESOURCES | 40.00 |
Officer
|
$544,802 | $55,340 | $600,142 |
| JAYAPAL PARAKKUTH | VP & CIO | 40.00 |
Officer
|
$515,684 | $80,049 | $595,733 |
| DWAYNE RICKERSON | SVP & COO | 40.00 |
Officer
|
$494,853 | $75,213 | $570,066 |
| SALLIE BETTY DAY | VP, SECURITY & COMPLIANCE AND CCO | 40.00 |
Officer
|
$443,420 | $75,437 | $518,857 |
| DAN WOODFIN | VP, SYSTEM OPERATIONS | 40.00 |
Officer
|
$448,177 | $60,938 | $509,115 |
| ROBERT BLACK | VP, PUBLIC AFFAIRS | 40.00 |
Officer
|
$432,176 | $74,439 | $506,615 |
| KRISTI HOBBS | VP, SYSTEM PLANNING & WEATHERIZATION | 40.00 |
Officer
|
$431,032 | $71,327 | $502,359 |
| JONATHAN LEVINE | ASST. GC & ASST. CORP. SEC. | 40.00 |
Officer
|
$301,666 | $71,665 | $373,331 |
| LESLIE WILEY | DIRECTOR, TREASURER | 40.00 |
Key Emp
|
$292,915 | $51,900 | $344,815 |
| NATHAN BIGBEE | DEPUTY GENERAL COUNSEL | 40.00 |
Highest
|
$397,477 | $75,182 | $472,659 |
| BRANDON GLEASON | DEPUTY GENERAL COUNSEL | 40.00 |
Highest
|
$379,416 | $55,635 | $435,051 |
| JIMMY HARTMANN | DIRECTOR, CONTROL ROOM OPERATIONS | 40.00 |
Highest
|
$338,717 | $67,568 | $406,285 |
| DAVE MAGGIO | PRINCIPAL, COMMERICAL OPERATIONS | 40.00 |
Highest
|
$316,760 | $55,596 | $372,356 |
| BRYAN HANLEY | SR. DIRECTOR, IT INFRASTRUCTURE | 40.00 |
Highest
|
$297,241 | $71,288 | $368,529 |
| JOHN MESSER | DIRECTOR, MARKET APPLICATION SERVICES | 40.00 |
|
$255,630 | $54,871 | $310,501 |
| AJAY MANNEPALLI | DIRECTOR, IT ARCH. & STRATEGY | 40.00 |
|
$239,178 | $65,464 | $304,642 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $488,027,967 | $402,791,058 | $6,635,694,003 | $85,236,909 |
| 2022 | $355,423,897 | $328,536,901 | $6,964,387,654 | $26,886,996 |
| 2021 | $252,635,175 | $257,288,238 | $3,229,605,813 | $-4,653,063 |
| 2020 | $242,749,480 | $232,650,935 | $1,930,199,146 | $10,098,545 |
| 2019 | $260,219,816 | $225,554,307 | $1,750,295,213 | $34,665,509 |
| 2018 | $244,963,920 | $209,134,689 | $1,529,764,219 | $35,829,231 |
Compare ELECTRIC RELIABILITY COUNCIL OF TEXAS INC with other nonprofits in Texas and across the country.