BRAZOS ELECTRIC RATE PAYER HARDSHIP FUND (EIN 886793004) - 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

2022

Legal Domicile

Principal Officer

PAULA FARQUHAR

Phone

7136513770

Tax Period

2023-01-01 to 2023-12-31

BRAZOS ELECTRIC RATE PAYER HARDSHIP FUND, founded in 2022, is a community nonprofit in the Mutual Benefit sector that reported $2.4M in total revenue in fiscal year 2023. Revenue fell 98% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.7M, a strong 70% operating margin.

Mission

THE PRINCIPAL PURPOSE OF THE TRUST IS TO MITIGATE THE IMPACT OF THE FEBRUARY 2021 WINTER STORM URI-RELATED SECURITIZATION CHARGES ON LOW INCOME COOPERATIVE RATEPAYERS OF THE PARTICIPATING 15 BRAZOS ELECTRIC MEMBER COOPERATIVES IN THIS TRUST.

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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 $0

Investment Income $2,373,294

Other Revenue $0

TOTAL REVENUE $2,373,294

Expense Breakdown

Grants Paid $221,952

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $542,715

Other Expenses $501,143

TOTAL EXPENSES $723,095

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,373,294	$140,224,200	-1.0%
Expenses	$723,095	$61,150	+10.8%
Net Income	$1,650,199	$140,163,050	-1.0%

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

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAULA FARQUHAR	PRESIDENT	1.00	Officer Director	$0	$0	$0
RUSSELL YOUNG	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JILL SADBERRY	SECRETARY	1.00	Officer Director	$0	$0	$0
JIM BATES	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN MEERS	TRUSTEE	1.00	Director	$0	$0	$0
JUSTIN STAPLETON	TRUSTEE	1.00	Director	$0	$0	$0
JANET VOTH 123-823	TRUSTEE	1.00	Director	$0	$0	$0
RYAN FUHRMANN 1223-1223	TRUSTEE	1.00	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	$2,373,294	$723,095	$143,561,037	$1,650,199
2022	$140,224,200	$61,150	$140,224,200	$140,163,050

BRAZOS ELECTRIC RATE PAYER HARDSHIP FUND