Navasota Valley Electric Cooperative, Inc.
Legal name: Navasota Valley Electric Cooperative Inc
Nonprofit profile at a glance
- EIN
- 740866703
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Franklin, TX, US
- Phone
- (979) 828-3232
- Rating confidence
- Limited
Reported finances
- Revenue
- $58,873,627
- Expenses
- $59,579,660
- Assets
- $114,558,372
- Liabilities
- $30,411,934
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- TERRANCE SMITHERMAN (PRESIDENT)
Highest reported compensation
- STEVE JONES (GENERAL MANAGER): $212,399 total reported compensation
- JACK HANCOCK (LINE SUPERVISOR): $193,747 total reported compensation
- RUSSELL CARROLL (LINEMAN): $168,935 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To safely provide our members with electric service at the lowest possible cost, consistent with sound business practices.
What it reported doing in 2024
Providing electric power to our members on a cooperative basis through the allocation of patronage capital. There were 21,508 active services at year end.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 66
- Accountability: 91
- Sustainability: 42
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -1.2%; rating input score 21; 21st percentile among comparable filings
- Total-asset coverage ratio: 1.92; rating input score 62; 62nd percentile among comparable filings
- Liabilities to assets ratio: 0.27; rating input score 60; 60th percentile among comparable filings
- Officer compensation ratio: 1.9%; rating input score 58; 58th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 2.4% per year; rating input score 100; 17th percentile among comparable filings
- Asset growth: 3.7% per year; rating input score 100; 25th percentile among comparable filings
Details
- What they do: 5 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 8 of 8 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $212K · 17 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $5.2M reported
- Consistency: 12 of 12 current checks pass
- Schedules: 3 filed schedules · includes executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 17 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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 — Sustainability: Operating margin scored 21/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Review — Sustainability: Officer compensation ratio scored 58/100.