Northeast Texas Electric Cooperative (EIN 751615421) - 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

1978

Legal Domicile

Principal Officer

Caleb Head

Phone

9037573282

Tax Period

2023-01-01 to 2023-12-31

Northeast Texas Electric Cooperative, founded in 1978, is a major nonprofit that reported $237.9M in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring.

Mission

NTEC Provides wholesale electric generating, purchasing, and transmission to its member electric cooperatives.

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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 $237,348,546

Investment Income $534,183

Other Revenue $0

TOTAL REVENUE $237,882,729

Expense Breakdown

Grants Paid $0

Salaries & Benefits $791,189

Fundraising Expenses $0

Other Expenses $233,900,887

TOTAL EXPENSES $234,692,076

Year-over-Year Comparison

	2023	2022	Change
Revenue	$237,882,729	$309,803,168	-0.2%
Expenses	$234,692,076	$307,095,816	-0.2%
Net Income	$3,190,653	$2,707,352	+0.2%

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

$545,948

Total Directors

$176,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Caleb Head	Interim GM	40.00	Officer	$282,927	$103,598	$386,525
Ronald Ray	GM/CEO	40.00	Officer	$75,170	$19,053	$94,223
Mark Boyd	President	6.00	Officer Director	$18,400	$0	$18,400
Bryan Wood	Director	5.00	Director	$17,600	$0	$17,600
Trey Teaff	Vice President	2.00	Officer Director	$15,600	$0	$15,600
Cathy Roberts	Director	2.00	Director	$15,600	$0	$15,600
M Austin Haynes	Sec/Treas	6.00	Officer Director	$15,600	$0	$15,600
William Speights	Director	6.00	Director	$15,600	$0	$15,600
Steve Delaughter	Director	5.00	Director	$15,600	$0	$15,600
Frankie B King	Director	2.00	Director	$15,600	$0	$15,600
Albert Tiller	Director	2.00	Director	$15,600	$0	$15,600
Rhett Reid	Director	5.00	Director	$15,600	$0	$15,600
Richard Hacker	Asst Sec/Treas	4.00	Officer Director	$15,600	$0	$15,600
Robert Walker	Director	4.00	Director	$0	$0	$0

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	$237,882,729	$234,692,076	$303,655,928	$3,190,653
2022	$309,803,168	$307,095,816	$321,398,197	$2,707,352
2021	$288,674,270	$285,980,377	$329,483,821	$2,693,893
2020	$213,380,688	$210,044,382	$270,511,806	$3,336,306
2019	$217,648,634	$214,061,017	$249,366,062	$3,587,617
2018	$238,272,017	$234,414,541	$246,769,727	$3,857,476

Northeast Texas Electric Cooperative