SULPHUR SPRINGS VALLEY ELECTRIC COOPERATIVE INC (EIN 860059728) - 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

1938

Legal Domicile

Principal Officer

JASON BOWLING

Phone

5203842221

Tax Period

2024-01-01 to 2024-12-31

SULPHUR SPRINGS VALLEY ELECTRIC COOPERATIVE INC, founded in 1938, is a major nonprofit in the Public & Societal Benefit sector that reported $118.5M in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring.

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $116,844,216

Investment Income $524,675

Other Revenue $1,177,752

TOTAL REVENUE $118,546,643

Expense Breakdown

Grants Paid $221,838

Salaries & Benefits $21,864,486

Fundraising Expenses $0

Other Expenses $95,007,756

TOTAL EXPENSES $117,249,373

Year-over-Year Comparison

	2024	2023	Change
Revenue	$118,546,643	$151,398,707	-0.2%
Expenses	$117,249,373	$149,287,072	-0.2%
Net Income	$1,297,270	$2,111,635	-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

209

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

$3,721,912

Total Directors

$317,384

Key Employees

$968,641

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CURTIS NOLAN	DIRECTOR	7.70	Director	$32,100	$0	$32,100
DAVID KELSO	DIRECTOR	7.30	Director	$35,313	$0	$35,313
RUSSELL MCNEIL	DIRECTOR	7.10	Director	$31,140	$0	$31,140
CLIFFORD LEX HERRON	SECRETARY	6.50	Officer Director	$28,110	$0	$28,110
DANIEL BARRERA	VICE PRESIDENT	9.10	Officer Director	$33,338	$0	$33,338
KATHRYN THATCHER	DIRECTOR (JAN-JUNE)	8.50	Director	$16,500	$0	$16,500
THOMAS GOODMAN	DIRECTOR	5.70	Director	$27,600	$0	$27,600
RANDY REDMOND	PRESIDENT	8.90	Officer Director	$27,891	$0	$27,891
JOHN SHAVER	DIRECTOR	7.00	Director	$34,713	$0	$34,713
JANICE BEAM	TREASURER	9.00	Officer Director	$34,263	$0	$34,263
DAVID COLLINS	DIRECTOR (JUNE-DEC)	5.90	Director	$16,416	$0	$16,416
JASON BOWLING	CHIEF EXECUTIVE OFFICER	51.00	Officer	$530,207	$152,086	$682,293
MANUEL GONZALES	VICE PRESIDENT TECH SERVIC	45.00	Officer	$314,418	$105,780	$420,198
DANIEL WILSON	SENIOR VICE PRESIDENT OPER	48.00	Officer	$293,092	$93,898	$386,990
MARCUS HARSTON	VICE PRESIDENT MEMBER SERV	45.00	Officer	$240,996	$185,341	$426,337
SARA RANSOM	GENERAL COUNSEL	46.00	Officer	$234,684	$34,049	$268,733
NATHAN HODGES	VICE PRESIDENT OPERATIONS	45.00	Officer	$228,101	$92,812	$320,913
JESUS MORENO	VICE PRESIDENT ENGINEERING	46.00	Officer	$221,467	$74,216	$295,683
RON LEE	CFO/VICE PRESIDENT FINANCE	50.00	Officer	$219,173	$85,326	$304,499
REBECCA BUKSH	VICE PRESIDENT HUMAN RESOU	50.00	Officer	$188,667	$69,843	$258,510
ANDREA TYNDALL	VICE PRESIDENT STRATEGY &	50.00	Officer	$161,817	$72,337	$234,154
CURTISS PETERSON	CONTROLLER	45.00	Key Emp	$172,250	$107,860	$280,110
SEAN RUDDY	IT MANAGER	49.00	Key Emp	$163,593	$76,204	$239,797
MARK ROLL	OPERATIONS MANAGER	50.00	Key Emp	$165,420	$67,741	$233,161
JORGE GARCIA	OPERATIONS MANAGER	50.00	Key Emp	$153,267	$62,306	$215,573
RICHIE ELLIS	JOURNEYMAN LINEMAN	50.00	Highest	$188,944	$73,513	$262,457
LUIS MONTANO	FOREMAN	46.00	Highest	$180,720	$41,465	$222,185
OWEN MORTENSON	JOURNEYMAN LINEMAN	50.00	Highest	$174,227	$42,849	$217,076
JESUS HERNANDEZ	FOREMAN	47.00	Highest	$170,339	$53,164	$223,503
ADOLFO MARMOLEJO	JOURNEYMAN LINEMAN	47.00	Highest	$167,966	$19,209	$187,175

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	$118,546,643	$117,249,373	$370,403,299	$1,297,270
2023	$151,398,707	$149,287,072	$348,532,667	$2,111,635
2022	$139,123,621	$138,668,407	$332,643,442	$455,214
2021	$124,995,046	$123,333,806	$321,892,538	$1,661,240
2020	$112,868,753	$112,531,285	$319,488,701	$337,468
2019	$113,795,187	$113,120,617	$316,339,797	$674,570
2018	$118,994,116	$118,505,511	$302,742,275	$488,605

SULPHUR SPRINGS VALLEY ELECTRIC COOPERATIVE INC