SIERRA ELECTRIC COOPERATIVE INC

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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

1952

Legal Domicile

Principal Officer

GUY PAYNE

Phone

5757445231

Tax Period

2024-01-01 to 2024-12-31

SIERRA ELECTRIC COOPERATIVE INC, founded in 1952, is a mid-sized nonprofit that reported $12.3M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

SIERRA ELECTRIC COOPERATIVE IS DEDICATED TO PROVIDING HIGH QUALITY, RELIABLE ELECTRIC SERVICE AND RELATED PRODUCTS TO OUR MEMBERS AT COMPETITIVE PRICES. OUR MEMBERS DESERVE AND SHALL RECEIVE QUALITY SERVICE UNPARALLELED IN OUR INDUSTRY. WE ARE COMMITTED TO MAINTAINING AN ENVIRONMENT WHERE THE BOARD OF TRUSTEES AND EMPLOYEES CAN PERFORM AT THEIR MAXIMUM POTENTIAL TO BENEFIT OUR COMMUNITY.

Program Service Accomplishments

Program 1

SALE OF ELECTRIC POWER TO MEMBERS AT COST ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 4,645 ACTIVE SERVICES AT YEAR END.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $12,091,876

Investment Income $144,316

Other Revenue $79,963

TOTAL REVENUE $12,316,155

Expense Breakdown

Grants Paid $20,380

Salaries & Benefits $1,453,972

Fundraising Expenses $0

Other Expenses $9,533,348

TOTAL EXPENSES $12,316,155

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,316,155	$11,186,332	+0.1%
Expenses	$12,316,155	$11,186,332	+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

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

$295,884

Total Directors

$88,145

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE BIEL	TREASURER (JAN-MARCH)	6.40	Officer Director	$6,993	$0	$6,993
DENNIS FRANKLIN	TRUSTEE	1.80	Director	$9,722	$0	$9,722
TAMI GARRETT	PRESIDENT	1.70	Officer Director	$9,379	$0	$9,379
JUDY SMITH	TRUSTEE	1.80	Director	$8,307	$0	$8,307
DARRYL SULLIVAN	TREASURER	5.00	Officer Director	$9,509	$0	$9,509
WARREN STRONG	SECRETARY	2.60	Officer Director	$9,254	$0	$9,254
RAYMOND RUFFINI	VICE PRESIDENT	4.00	Officer Director	$10,304	$0	$10,304
PAUL SCOTT	TRUSTEE	1.50	Director	$9,254	$0	$9,254
RAY HODGES	TRUSTEE	3.00	Director	$9,179	$0	$9,179
APRIL ROMERO	TRUSTEE (APRIL-DEC)	2.00	Director	$6,244	$0	$6,244
DENISE BARRERA	ASSISTANT GENERAL MANAGER	50.00	Officer	$178,919	$18,611	$197,530
GUY PAYNE	EVP/GENERAL MANAGER (OCT-DEC)	50.00	Officer	$47,500	$5,415	$52,915
OFELIA MELENDEZ	MANAGER OF FINANCE & ADMIN	40.30	Highest	$119,410	$42,020	$161,430
JOSE VILLA	LINE SUPERINTENDENT	45.10	Highest	$118,376	$40,095	$158,471
JESSE ALEXANDER	LINE FOREMAN	44.60	Highest	$103,148	$36,903	$140,051

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	$12,316,155	$12,316,155	$28,908,480	No data
2023	$11,186,332	$11,186,332	$27,818,405	No data
2022	$10,580,863	$10,580,863	$27,932,125	No data
2021	$9,920,270	$9,923,346	$28,287,663	$-3,076
2020	$10,082,559	$10,286,135	$25,979,520	$-203,576
2019	$9,716,690	$9,709,935	$24,982,442	$6,755
2018	$9,664,472	$9,664,472	$23,776,494	No data