DENTON COUNTY ELECTRIC COOPERATIVE… - Form 990 Financial Data

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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

DONALD CLARY

Phone

9403217800

Tax Period

2023-01-01 to 2023-12-31

DENTON COUNTY ELECTRIC COOPERATIVE INC, founded in 1938, is a major nonprofit that reported $780.8M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year.

Mission

TO DELIVER EXCELLENT SERVICE TO OUR MEMBERS AND CUSTOMERS BY PROVIDING SAFE AND RELIABLE ENERGY SOLUTIONS.

Program Service Accomplishments

Program 1

SALES OF ELECTRICITY AND RELATED SERVICES TO MEMBERS WERE PROVIDED AT COST ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THE COOPERATIVE PROVIDED ELECTRICITY TO 308,874 ACTIVE...

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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 $776,656,057

Investment Income $2,277,880

Other Revenue $1,861,017

TOTAL REVENUE $780,794,954

Expense Breakdown

Grants Paid $67,194

Salaries & Benefits $40,945,216

Fundraising Expenses $0

Other Expenses $691,024,343

TOTAL EXPENSES $778,995,977

Year-over-Year Comparison

	2023	2022	Change
Revenue	$780,794,954	$826,144,853	-0.1%
Expenses	$778,995,977	$824,911,246	-0.1%
Net Income	$1,798,977	$1,233,607	+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

517

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

$5,297,017

Total Directors

$314,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM RAGSDALE	DIRECTOR	10.00	Officer Director	$45,400	$0	$45,400
CHRISTOPHER MCCRAW	DIRECTOR	9.20	Officer Director	$46,400	$0	$46,400
TRISHA SHEFFIELD	CHAIR	11.30	Officer Director	$47,900	$0	$47,900
LEON PELZEL	VICE CHAIR	8.50	Director	$41,400	$0	$41,400
RICHARD MUIR	DIRECTOR	8.30	Director	$40,400	$0	$40,400
MARK RUTLEDGE	DIRECTOR (JAN-JUNE)	12.70	Director	$26,200	$0	$26,200
JARETT ADAIR	SECRETARY/TREASURER	8.60	Director	$42,400	$0	$42,400
WILLIAM KOLLAR	DIRECTOR (JULY-DEC)	11.10	Director	$24,200	$0	$24,200
DONALD CLARY	PRESIDENT & CEO	50.00	Officer	$1,359,899	$312,040	$1,671,939
DENISE SMITHERS	SENIOR VP - CUSTOMER CARE/ENGAGEMENT	45.00	Officer	$365,317	$129,187	$494,504
BRENT BISHOP	SENIOR VP & CFO	45.00	Officer	$371,558	$115,956	$487,514
ROBBY HAMLIN	SENIOR VP - ENGINEERING SVCS (JAN)	45.00	Officer	$214,361	$58,389	$272,750
GREG WARD	SENIOR VP - ENERGY INFRASTRUCTURE	50.00	Officer	$348,768	$111,532	$460,300
JEFFREY MCNEAL	SENIOR VP - INFORMATION TECHNOLOGY	45.00	Officer	$350,210	$111,139	$461,349
DYAN JAMES	SENIOR VP - CORPORATE SERVICES	45.00	Officer	$312,590	$60,054	$372,644
PHILIP HASSELL	SENIOR VP - FIELD OPERATIONS	45.00	Officer	$315,256	$187,783	$503,039
GARY FRANZEN	SENIOR VP - ENERGY RESOURCES	50.00	Officer	$323,602	$109,676	$433,278
CHARLES TURNER	DIRECTOR - FINANCE	45.00	Highest	$239,534	$73,508	$313,042
PETER NYLEC	DIRECTOR - ENGINEERING	45.00	Highest	$215,384	$29,722	$245,106
JACKIE GRASS	DIRECTOR - ACCOUNTING	45.00	Highest	$205,356	$57,934	$263,290
CHAD LUIG	DIRECTOR - CORPORATE COMPLIANCE	45.00	Highest	$200,059	$59,397	$259,456
GREG RICE	DIRECTOR - IT ENTERPRISE APPLICATION	45.00	Highest	$197,447	$87,772	$285,219

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	$780,794,954	$778,995,977	$2,107,533,496	$1,798,977
2022	$826,144,853	$824,911,246	$2,042,962,594	$1,233,607
2021	$639,082,515	$638,515,773	$1,535,737,864	$566,742
2020	$555,865,446	$554,870,419	$1,353,458,568	$995,027
2019	$559,966,199	$558,364,036	$1,336,367,088	$1,602,163
2018	$525,121,580	$523,885,362	$1,305,141,201	$1,236,218

DENTON COUNTY ELECTRIC COOPERATIVE INC