NonprofitsTexas Reliability Entity Inc

Public & Societal Benefit

Texas Reliability Entity Inc

AUSTIN, TX

Total revenue

$19.1M

Total expenses

$16.7M

Net assets

$9.7M

Grants received

EIN

271582178

Tax year

2024

Mission

Texas reliability entity, inc. (texas re) is a texas non-profit corporation that is (a) one of the six regional entities under a delegation agreement with north american electric reliability corporation (nerc) as the ero (electric reliability organization), which was approved by the federal energy regulatory commission (ferc) on may 6, 2010, for a five-year period beginning january 1, 2011 and renewed for another five-year period beginning january 1, 2016; and under its regional entity contract, texas re facilitates development of and oversees compliance with federal electric reliability standards by users, owners, and operators of the bulk power system (bps) in the electric reliability council of texas, inc. (ercot) region in texas. The agreement was extended for another five-year term effective january 1, 2021.

Financials

FY 2024

Revenue

Contributions & grants$18.7M
Program service revenue$5K
Investment income$411K
Other revenue
Total revenue$19.1M

Expenses

Grants paid
Salaries & benefits$13.3M
Fundraising
Other expenses$3.4M
Total expenses$16.7M
Total assets$17.8M
Net assets$9.7M

People

15 listed

NameRoleCompensation

Jim Albright

President & CEO

Board

$599K

40 hrs/wk

Joseph Younger

Vice President & CPO

Board

$340K

40 hrs/wk

Derrick Davis

General Counsel and Corporate Secretary

Board

$325K

40 hrs/wk

Donna Bjornson

Vice President & CFO

Board

$219K

40 hrs/wk

Jeffrey Corbett

Board Chair

Board

$104K

4 hrs/wk

Milton Lee

Audit, Governance & Finance Committee Chair

Board

$92K

4 hrs/wk

Suzanne Spauldomg

Board Vice Chair

Board

$92K

4 hrs/wk

Crystal Ashby

Director

Board

$82K

4 hrs/wk

Daniela Hammons

Affliated Director

Board

4 hrs/wk

Curt D Brockman

Affliated Director

Board

4 hrs/wk

Kenath Carver

Director, Compliance Assessments

Staff

$267K

40 hrs/wk

mark Raymond Henry

Chief Engineer & Director, Reliability Outreach

Staff

$251K

40 hrs/wk

Kaitlin Van Zee

Director, Enforcement & Registration

Staff

$240K

40 hrs/wk

David Paul Penney

Director, Reliability Services

Staff

$211K

40 hrs/wk

Paul Curtis

Deputy General Counsel

Staff

$198K

40 hrs/wk

Details

EIN271582178
NTEE codeW80
Subsection03
Ruling date2010-06
Formed2010
Employees77
Volunteers2
TEXAS RELIABILITY ENTITY INC — Mission, Financials & Grants Received | Grantivo