EAST TEXAS ELECTRIC COOP (EIN 752187855) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1987

Legal Domicile

Principal Officer

CARRIE HAWKINS

Phone

9365609532

Tax Period

2023-01-01 to 2023-12-31

EAST TEXAS ELECTRIC COOP, founded in 1987, is a major nonprofit that reported $406.1M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $392.6M left a modest 3% surplus.

Mission

SALE OF WHOLESALE POWER TO ITS EIGHT MEMBERS ON A COOPERATIVE BASIS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $386,241,759

Investment Income $2,479,081

Other Revenue $17,385,340

TOTAL REVENUE $406,106,180

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,503,045

Fundraising Expenses $0

Other Expenses $388,094,240

TOTAL EXPENSES $392,597,285

Year-over-Year Comparison

	2023	2022	Change
Revenue	$406,106,180	$496,652,970	-0.2%
Expenses	$392,597,285	$486,039,329	-0.2%
Net Income	$13,508,895	$10,613,641	+0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$1,262,475

Total Directors

$413,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AJ GOFF	CEO	55.00	Officer	$741,945	$160,154	$902,099
JOSEPH J HAYDEN	VP POWER SUP	40.00	Highest	$311,976	$169,690	$481,666
LAWRENCE WILLIAMS	VP ENGINEERI	40.00	Highest	$177,570	$109,607	$287,177
CARRIE HAWKINS	CFO	40.00	Officer	$191,597	$90,779	$282,376
BOBBY HUCKABAY	MANAGER OF I	40.00	Highest	$160,580	$97,292	$257,872
JAMES A WAGNER	ENGINEER	40.00	Highest	$184,841	$98,241	$283,082
MAGGIE BERRY	VP GENERAL C	40.00	Highest	$319,439	$140,786	$460,225
MARK TAMPLIN	VICE PRESIDE	3.75	Officer Director	$19,500	$0	$19,500
ROBERT BOYD	DIRECTOR	8.77	Director	$21,000	$0	$21,000
TREY TEAFF	MANAGER/DIRE	2.75	Director	$21,000	$0	$21,000
MARK BOYD	MANAGER/DIRE	5.13	Director	$21,000	$0	$21,000
GREG JONES	PRESIDENT	6.25	Officer Director	$19,500	$0	$19,500
KATHI CALVERT	SEC/TREASURE	5.00	Officer Director	$19,500	$0	$19,500
BRYAN WOOD	MANAGER/DIRE	4.75	Director	$19,500	$0	$19,500
STEVE DELAUGHTER	DIRECTOR	5.25	Director	$19,500	$0	$19,500
FRANKIE B KING	DIRECTOR	5.38	Director	$19,500	$0	$19,500
PAT BROWN	DIRECTOR	11.00	Director	$19,500	$0	$19,500
DOUG TURK	MANAGER/DIRE	4.75	Director	$19,000	$0	$19,000
KENNETH KEELING	DIRECTOR	6.75	Director	$19,500	$0	$19,500
RHETT REID	ASST SECT/TR	7.50	Officer Director	$19,500	$0	$19,500
AUSTIN HAYNES	MANAGER/DIRE	4.50	Director	$19,500	$0	$19,500
DAN COURMIER	DIRECTOR	3.25	Director	$19,500	$0	$19,500
KENNETH LANGLEY	DIRECTOR	5.75	Director	$19,000	$0	$19,000
ALBERT TILLER	DIRECTOR	2.38	Director	$19,500	$0	$19,500
WES BARRON	DIRECTOR	4.00	Director	$19,000	$0	$19,000
WILLIAM SPEIGHTS	DIRECTOR	3.00	Director	$19,500	$0	$19,500
KENNON KELLUM	ADVISORY DIR	2.00	Director	$12,000	$0	$12,000
WILLIAM EMMONS	ADVISORY DIR	2.50	Director	$12,000	$0	$12,000
HENRY BISCAMP	ADVISORY DIR	4.00	Director	$4,000	$0	$4,000
PAUL SIMMONS	ADVISORY DIR	1.25	Director	$12,000	$0	$12,000
ROBERT WALKER	MANAGER/DIRE	4.75	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	$406,106,180	$392,597,285	$1,029,168,672	$13,508,895
2022	$496,652,970	$486,039,329	$1,077,656,250	$10,613,641
2021	$504,330,746	$493,798,180	$1,118,534,652	$10,532,566
2020	$323,288,587	$313,096,062	$973,623,271	$10,192,525
2019	$337,586,474	$327,618,631	$1,042,127,187	$9,967,843
2018	$351,146,227	$341,920,642	$1,051,681,915	$9,225,585

EAST TEXAS ELECTRIC COOP