TRINITY VALLEY ELECTRIC COOPERATIVE INC

EIN: 752701263

KAUFMAN, TX

Total Revenue
$201,369,793
Total Expenses
$200,552,254
Total Assets
$429,806,254
Net Assets
$189,648,665
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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
1997
Legal Domicile
TX
Principal Officer
JEFFREY L LANE
Phone
9729322214
Tax Period
2023-01-01 to 2023-12-31

TRINITY VALLEY ELECTRIC COOPERATIVE INC, founded in 1997, is a major nonprofit that reported $201.4M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year.

Mission

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS AT COST ON A COOPERATIVE BASIS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $199,721,070
Investment Income $210,596
Other Revenue $1,438,127
TOTAL REVENUE $201,369,793

Expense Breakdown

Grants Paid $5,242
Salaries & Benefits $17,729,249
Fundraising Expenses $0
Other Expenses $175,185,226
TOTAL EXPENSES $200,552,254

Year-over-Year Comparison

2023 2022 Change
Revenue $201,369,793 $236,177,875 -0.1%
Expenses $200,552,254 $234,659,350 -0.1%
Net Income $817,539 $1,518,525 -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

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Governance

Voting Members
7
Independent Members
7
Employees
215
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
6
$1,201,221
Total Directors
7
$98,132
Key Employees
7
$1,795,775
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HOWARD TILLISON CHAIRMAN 14.90
Officer Director
$13,500 $0 $13,500
CAROLYN MINOR VICE CHAIRMAN 10.00
Officer Director
$11,850 $0 $11,850
JO ANN HANSTROM SECRETARY 10.50
Officer Director
$10,950 $0 $10,950
JEFF PRIEST DIRECTOR 10.10
Director
$10,950 $0 $10,950
EDWARD REEVE DIRECTOR 9.30
Director
$10,950 $0 $10,950
PAUL WEATHERFORD DIRECTOR 8.30
Director
$29,282 $0 $29,282
JACK ENDRES DIRECTOR 9.00
Director
$10,650 $0 $10,650
JEFFREY LANE CEO/GENERAL MANAGER 50.00
Officer
$347,402 $177,112 $524,514
THOMAS WATSON COO/ASST. GENERAL MANAGER 45.00
Officer
$257,582 $158,748 $416,330
ROBERT WHITE CFO 45.00
Officer
$177,656 $46,421 $224,077
RODNEY WESLEY DIRECTOR OF ENGINEERING/OPERATIONS 47.00
Key Emp
$198,972 $128,616 $327,588
GARY SHERRARD MANAGER OF SUB/TRANS 40.00
Key Emp
$166,716 $113,645 $280,361
DONNA HINDMAN DIRECTOR OF CORP SERVICES 50.00
Key Emp
$168,420 $66,674 $235,094
THOMAS DURDEN MANAGER OF OPERATIONS 50.00
Key Emp
$166,329 $93,124 $259,453
TIMOTHY CRAIG MANAGER OF ENGINEERING 50.00
Key Emp
$165,036 $54,544 $219,580
PHILLIP HARRISON MANAGER OF OPERATIONS 40.00
Key Emp
$164,122 $74,686 $238,808
BOBBI BYFORD DIRECTOR OF CORP RELATIONS 50.00
Key Emp
$169,106 $65,785 $234,891
RAYMOND CHOYCE JOURNEYMAN 60.00
Highest
$178,743 $50,772 $229,515
JOHN JACKSON OPERATIONS SUPERVISOR 55.00
Highest
$163,786 $56,767 $220,553
BRYAN HICKS JOURNEYMAN 60.00
Highest
$162,687 $40,574 $203,261
RODNEY MILLS CREW FOREMAN 60.00
Highest
$161,522 $82,190 $243,712
PAUL CAMACHO CREW FOREMAN 60.00
Highest
$160,900 $57,590 $218,490
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 $201,369,793 $200,552,254 $429,806,254 $817,539
2022 $236,177,875 $234,659,350 $421,037,619 $1,518,525
2021 $162,953,403 $162,760,208 $385,021,756 $193,195
2020 $147,957,625 $147,879,398 $367,655,761 $78,227
2019 $157,141,570 $156,972,407 $355,952,024 $169,163
2018 $161,731,170 $161,459,976 $344,002,224 $271,194
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