Brazos Electric Rate Payer Hardship Fund
72% goes to programs Strong reserves Declining revenue
Brazos Electric Rate Payer Hardship Fund is a 501(c)(4) organization based in Waco, Texas, registered in 2023, with $1,290,362 in FY2024 revenue. CharityIndex grades it B, and it directs about 72% of spending to programs.
7616 Bagby Ave, Waco, TX, 76712 EIN 88-6793004 Since 2023
Revenue (FY2024)
$1.3M
▼ 45.6% vs prior year
Membership median: $185K
Expenses (FY2024)
$688K
Net assets
$145.6M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
BProgram efficiency40% of the rating72% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Brazos Electric Rate Payer Hardship Fund: 72% to programs earns a B on this criterion. See the exact thresholds →
B+Financial health25% of the rating2537 mo reserves · +47% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Brazos Electric Rate Payer Hardship Fund: 2537 mo reserves · +47% margin earns a B+ on this criterion. See the exact thresholds →
C+Governance25% of the rating3 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Brazos Electric Rate Payer Hardship Fund: 3 of 6 checks met earns a C+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Brazos Electric Rate Payer Hardship Fund: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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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.
Contact & location
- Address
- 7616 Bagby Ave, Waco, TX, 76712
- City
- Waco
- State
- Texas
- Category
- Mutual & Membership Benefit
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $140.2M (FY2022) to $1.3M (FY2024) across 3 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $81KNet assets $145.6M
Operating margin
46.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$145.6M
Total liabilities
$81K
Net assets
$145.6M
Salaries & benefits
$0
0% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,290,362▼45.6% | $688,362▼4.8% | $145,551,814▲1.5% | $145,632,591▲1.4% | 990 |
| 2023 | $2,373,294▼98.3% | $723,095▲1082% | $143,461,537▲2.4% | $143,561,037▲2.4% | 990 |
| 2022 | $140,224,200 | $61,150 | $140,163,050 | $140,224,200 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jill Sadberry | Secretary | 1 | — |
| Jim Bates | Trustee | 1 | — |
| Justin Stapleton | Trustee | 1 | — |
| Paula Farquhar | President | 1 | — |
| Russell Young | Vice President | 1 | — |
| Ryan Fuhrmann | Trustee | 1 | — |
| Stephen Meers | Trustee | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Solix Inc | Eligibility Program Admin | $223,165 |
Grants received · $140.0M total
1 grant to Brazos Electric Rate Payer Hardship Fund totaling $140.0M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Brazos Electric Power Cooperative Inc | General support | 2022 | $140,000,000 |
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Compare Brazos Electric Rate Payer Hardship Fund
Frequently asked questions
- Is Brazos Electric Rate Payer Hardship Fund a legitimate nonprofit?
- Yes. Brazos Electric Rate Payer Hardship Fund is a 501(c)(4) organization registered with the U.S. Internal Revenue Service under EIN 88-6793004, based in Waco, Texas.
- What is Brazos Electric Rate Payer Hardship Fund's EIN?
- Brazos Electric Rate Payer Hardship Fund's Employer Identification Number (EIN) is 88-6793004.
- How much revenue does Brazos Electric Rate Payer Hardship Fund report?
- Brazos Electric Rate Payer Hardship Fund reported $1,290,362 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Brazos Electric Rate Payer Hardship Fund's spending goes to programs?
- Brazos Electric Rate Payer Hardship Fund spends about 72% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Brazos Electric Rate Payer Hardship Fund have?
- CharityIndex grades Brazos Electric Rate Payer Hardship Fund B, based on program efficiency and fundraising cost.
- How much does Brazos Electric Rate Payer Hardship Fund's highest-paid employee make?
- The highest reported compensation on Brazos Electric Rate Payer Hardship Fund's latest Form 990 is $0, paid to Jill Sadberry (Secretary).
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Data for Brazos Electric Rate Payer Hardship Fund (EIN 88-6793004) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.