SOUTHWEST TEXAS ELECTRIC COOPERATIVE INC (EIN 750696759) - 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

1941

Legal Domicile

Principal Officer

WILLIAM WHITTEN

Phone

3258532544

Tax Period

2023-01-01 to 2023-12-31

SOUTHWEST TEXAS ELECTRIC COOPERATIVE INC, founded in 1941, is a mid-sized nonprofit that reported $28.0M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Net assets of $57.5M represent 25 months of operating reserves.

Mission

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE.

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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 $28,805,021

Investment Income $-891,954

Other Revenue $92,203

TOTAL REVENUE $28,005,270

Expense Breakdown

Grants Paid $13,196

Salaries & Benefits $3,769,757

Fundraising Expenses $0

Other Expenses $22,604,481

TOTAL EXPENSES $27,913,270

Year-over-Year Comparison

	2023	2022	Change
Revenue	$28,005,270	$31,976,695	-0.1%
Expenses	$27,913,270	$31,909,695	-0.1%
Net Income	$92,000	$67,000	+0.4%

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

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

$327,301

Total Directors

$135,238

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAT JACKSON	PRESIDENT	3.00	Officer Director	$22,987	$0	$22,987
STEVE WILLIAMS	VICE PRESIDENT	2.80	Officer Director	$11,758	$0	$11,758
MARY BUCHHOLZ	SECRETARY	1.30	Officer Director	$32,536	$0	$32,536
EUGENE VINSON	TREASURER	1.50	Officer Director	$9,775	$0	$9,775
DAWSON OWENS	DIRECTOR	1.00	Director	$12,587	$0	$12,587
KEITH WALLACE	DIRECTOR	1.20	Director	$32,536	$0	$32,536
JAMES UHL	DIRECTOR	1.00	Director	$13,059	$0	$13,059
WILLIAM WHITTEN	GENERAL MANAGER	50.00	Officer	$217,527	$32,718	$250,245

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	$28,005,270	$27,913,270	$86,379,486	$92,000
2022	$31,976,695	$31,909,695	$83,415,879	$67,000
2021	$28,614,678	$28,627,678	$76,815,323	$-13,000
2020	$28,254,839	$28,326,839	$73,391,250	$-72,000
2019	$27,687,932	$27,743,932	$71,545,774	$-56,000
2018	$27,396,116	$27,296,116	$69,745,451	$100,000

SOUTHWEST TEXAS ELECTRIC COOPERATIVE INC