Brazos Electric Cooperative

Legal name: Brazos Sandy Creek Electric Cooperative Inc C/o Jsn Bankruptcy Trustee

Nonprofit profile at a glance

EIN
870806881
IRS 990 coverage
2015–2023
Official website data refreshed
Sep 2026
Forms available
Form 990 2023
Location
Waco, TX, US
Phone
254-750-6500
Rating
44
Verdict
MIXED
Rating confidence
Moderate
Sector
Local Benevolent Life Insurance Associations

Official website

Reported finances

Revenue
$180,725,695
Expenses
$5,268,319
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

1 person listed

People named in this filing

  • SEE VARIOUS DISCLOSURES (ON SCHEDULE O)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Brazos Electric's purpose is to provide safe, reliable, and cost-effective transmission and distribution service to members and wholesale transmission customers, and to support the reliability of the bulk power system.

What it reported doing in 2023

Brazos sandy creek electric cooperative was formed for the purpose of furnishing dependable and economical wholesale electric power for rural distribution cooperatives. Brazos serves one wholesale electric cooperative which in turn serves its 16 member distribution cooperatives and one municipality.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 35
  • Transparency & Controls: 90
  • Accountability: 0
  • Sustainability: 59
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 2.9%; rating input score 3
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Scored; rating input score 0

Accountability

  • Independent voting board: Limited
  • Governance controls: 0 of 7 controls in place; rating input score 0
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 97.1%; rating input score 100; 100th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 98; 98th percentile among comparable filings

Growth

  • Program expense growth: -174.6% per year; rating input score 0; 0th percentile among comparable filings
  • Revenue growth: -10.8% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -14.4% per year; rating input score 0; 1st percentile among comparable filings

Details

  • What they do: 3 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 2.9% of revenue deployed · 100% of spending went to programs
  • Governance: 0 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 1 people listed
  • Highest-paid contractors: 1 contractor listed
  • Consistency: 10 of 10 current checks pass
  • Schedules: 3 filed schedules · includes related organizations
  • Filing history: 9 filing years from 2015 to 2023
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 3/100.
  • High — Accountability: Governance controls: 6 of 6 not reported.
  • High — Transparency & Controls: Related-party transparency scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • High — Growth: Asset growth scored 0/100.