DEEP EAST TEXAS ELECTRIC COOPERATIVE INC (EIN 750229997) - 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

BRYAN WOOD

Phone

9362752314

Tax Period

2024-01-01 to 2024-12-31

DEEP EAST TEXAS ELECTRIC COOPERATIVE INC, founded in 1938, is a major nonprofit that reported $109.3M in total revenue in fiscal year 2024.

Mission

DEEP EAST TEXAS ELECTRIC COOPERATIVE WAS ESTABLISHED FOR THE PURPOSE OF PROVIDING ELECTRICITY AND RELATED SERVICES TO RURAL CONSUMERS IN EAST TEXAS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $108,846,703

Investment Income $274,823

Other Revenue $151,110

TOTAL REVENUE $109,272,636

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,929,714

Fundraising Expenses $0

Other Expenses $105,366,656

TOTAL EXPENSES $109,272,636

Year-over-Year Comparison

	2024	2023	Change
Revenue	$109,272,636	$114,338,527	0.0%
Expenses	$109,272,636	$114,338,527	0.0%
Net Income	$0	N/A	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

138

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

$712,290

Total Directors

$210,029

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRYAN WOOD	GENERAL MANA	50.00	Officer	$344,525	$95,072	$439,597
GINA EVETT	ADMIN DIRECT	45.00	Officer	$162,568	$52,829	$215,397
MICHA MILLER	PRESIDENT	5.00	Officer Director	$20,044	$0	$20,044
RONNIE GREER	SECRETARY/TR	4.00	Officer Director	$18,708	$0	$18,708
WILLIAM A SPEIGHTS	DIRECTOR	9.00	Director	$19,708	$0	$19,708
SERICA WILKINS	DIRECTOR	5.50	Director	$18,844	$0	$18,844
GREGORY P GRIGSBY	VICE PRESIDE	2.00	Officer Director	$18,544	$0	$18,544
MICHAEL G LEE	DIRECTOR	2.00	Director	$19,044	$0	$19,044
PAUL S ALEXANDER	DIRECTOR	3.00	Director	$13,507	$0	$13,507
RODNEY WOOTEN	DIRECTOR	2.00	Director	$19,844	$0	$19,844
JOHN H CHILDS	DIRECTOR	3.00	Director	$20,529	$0	$20,529
ANGELA SMART	DIRECTOR	2.00	Director	$18,144	$0	$18,144
BENNIS P STEPTOE	DIRECTOR	0.75	Director	$18,352	$0	$18,352
ROBERT DALE ALEXANDER	DIRECTOR	0.50	Director	$4,761	$0	$4,761
KELLY PARKER	DIRECTOR OF	40.00	Highest	$184,125	$62,118	$246,243
JESSIE MORGAN	DIRECTOR OF	40.00	Highest	$184,989	$61,843	$246,832
CHARLES C BENNEFIELD	AREA SVC TEC	58.00	Highest	$160,333	$42,055	$202,388
MICHAEL MERCHANT	LEAD AREA SV	55.00	Highest	$150,446	$36,246	$186,692
MICHAEL P JONES	LEAD AREA SV	57.00	Highest	$142,193	$40,340	$182,533

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	$109,272,636	$109,272,636	$301,756,987	No data
2023	$114,338,527	$114,338,527	$281,399,509	No data
2022	$120,456,230	$120,456,230	$265,824,939	No data
2021	$99,942,050	$99,942,050	$258,283,792	No data
2020	$83,297,171	$83,297,171	$242,639,254	No data
2019	$88,237,568	$88,237,567	$234,891,130	$1
2018	$93,810,005	$93,810,005	$235,517,990	No data

DEEP EAST TEXAS ELECTRIC COOPERATIVE INC