PANOLA-HARRISON ELECTRIC

EIN: 750481385

MARSHALL, TX

Total Revenue
$38,001,256
Total Expenses
$38,001,256
Total Assets
$70,834,513
Net Assets
$41,907,230
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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
1937
Legal Domicile
TX
Principal Officer
Michael Haynes
Phone
9039357936
Tax Period
2024-01-01 to 2024-12-31

PANOLA-HARRISON ELECTRIC, founded in 1937, is a mid-sized nonprofit that reported $38.0M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

DISTRIBUTION OF ELECTRICITY AND RELATED SERVICES TO RURAL CUSTOMERS / 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $37,417,853
Investment Income $180,408
Other Revenue $402,995
TOTAL REVENUE $38,001,256

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,181,804
Fundraising Expenses $0
Program Expenses $0
Other Expenses $33,057,594
TOTAL EXPENSES $38,001,256

Year-over-Year Comparison

2024 2023 Change
Revenue $38,001,256 $41,068,710 -0.1%
Expenses $38,001,256 $41,068,710 -0.1%
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

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Governance

Voting Members
7
Independent Members
7
Employees
41
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
9
$412,875
Total Directors
8
$150,877
Key Employees
1
$261,998
Highest Compensated
6
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
M AUSTIN HAYNES GENERAL MANAGER 50
Officer Key Emp Highest
$184,983 $77,015 $261,998
CODIE STEWART SERVICEMAN/SERVICE LINEMAN 50
Highest
$151,727 $55,450 $207,177
JAY KING SERVICEMAN/SERVICE LINEMAN 50
Highest
$141,200 $56,713 $197,913
PAUL DAVIDSON CREW FOREMAN 50
Highest
$132,879 $55,991 $188,870
TONY RATCLIFF LINEMAN 50
Highest
$128,565 $52,769 $181,334
JACOB PITTS SERVICEMAN/SERVICE LINEMAN 50
Highest
$128,834 $39,888 $168,722
ALBERT S TILLER PRESIDENT / DIRECTOR 7
Officer Director
$35,170 $0 $35,170
JAY GOSWICK VICE PRESIDENT/DIRECTOR 3
Officer Director
$29,762 $0 $29,762
PAUL FORTUNE SECRETARY/TREASURER/DIRECTOR 2
Officer Director
$28,086 $0 $28,086
H GENE STOUGH JR DIRECTOR 1
Officer Director
$27,469 $0 $27,469
ROBERT ORTIGO DIRECTOR 0
Officer Director
$14,963 $0 $14,963
DEBBIE BURCH DIRECTOR 2
Officer Director
$9,000 $0 $9,000
JERRY L HOLMES DIRECTOR 0
Officer Director
$5,807 $0 $5,807
ROGER CONNELL DIRECTOR 0
Officer Director
$620 $0 $620
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 $38,001,256 $38,001,256 $70,834,513 No data
2023 $41,068,710 $41,068,710 $68,891,397 No data
2022 $56,196,762 $56,196,762 $72,829,226 No data
2021 $42,875,581 $42,875,581 $66,317,622 No data
2020 $34,306,714 $34,306,714 $60,647,951 No data
2019 $35,438,620 $35,438,620 $56,493,035 No data
2018 $37,837,260 $37,837,260 $55,927,761 No data
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