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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.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$19.1M
Program Spending
53%
of total expenses go to program services
Total Contributions
$18.7M
Total Expenses
▼$16.7M
Total Assets
$17.8M
Total Liabilities
▼$8.2M
Net Assets
$9.7M
Officer Compensation
→$2.1M
Other Salaries
$8.1M
Investment Income
$411.1K
Fundraising
▼N/A
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2024 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $19.1M | $18.7M | $16.7M | $17.8M | $9.7M |
| 2023 | $17.9M | $17.2M | $15.8M | $15.9M | $7.2M |
| 2022 | $15.9M | $15M | $14.8M | $14.8M | $5.1M |
| 2021 | $13.9M | $13.3M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Jim Albright | President & CEO | 40 | $598.7K | $0 | $63K | $661.7K |
| Joseph Younger | Vice President & Cpo | 40 | $340.3K | $0 | $70.5K | $410.8K |
| Derrick Davis | General Counsel And Corporate Secretary | 40 | $325K | $0 | $58.6K | $383.6K |
| Donna Bjornson | Vice President & CFO | 40 | $219.3K | $0 | $45.7K | $265K |
| Jeffrey Corbett | Board Chair | 4 | $104K | $0 | $0 | $104K |
| Suzanne Spauldomg | Board Vice Chair | 4 | $92K | $0 | $0 | $92K |
Jim Albright
President & CEO
$661.7K
Hrs/Wk
40
Compensation
$598.7K
Related Orgs
$0
Other
$63K
Joseph Younger
Vice President & Cpo
$410.8K
Hrs/Wk
40
Compensation
$340.3K
Related Orgs
$0
Other
$70.5K
Derrick Davis
General Counsel And Corporate Secretary
$383.6K
Hrs/Wk
40
Compensation
$325K
Related Orgs
$0
Other
$58.6K
Donna Bjornson
Vice President & CFO
$265K
Hrs/Wk
40
Compensation
$219.3K
Related Orgs
$0
Other
$45.7K
Jeffrey Corbett
Board Chair
$104K
Hrs/Wk
4
Compensation
$104K
Related Orgs
$0
Other
$0
Suzanne Spauldomg
Board Vice Chair
$92K
Hrs/Wk
4
Compensation
$92K
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Kenath Carver | Director, Compliance Assessments | 40 | $267K | $0 | $57.6K | $324.6K |
| Mark Raymond Henry | Chief Engineer & Director, Reliability Outreach | 40 | $251.3K | $0 | $58.2K | $309.6K |
| Kaitlin Van Zee | Director, Enforcement & Registration | 40 | $240.1K | $0 | $41.3K | $281.4K |
| David Paul Penney | Director, Reliability Services | 40 | $211.1K | $0 | $39.5K | $250.6K |
| Paul Curtis | Deputy General Counsel | 40 | $198.5K | $0 | $45.2K | $243.6K |
Kenath Carver
Director, Compliance Assessments
$324.6K
Hrs/Wk
40
Compensation
$267K
Related Orgs
$0
Other
$57.6K
Mark Raymond Henry
Chief Engineer & Director, Reliability Outreach
$309.6K
Hrs/Wk
40
Compensation
$251.3K
Related Orgs
$0
Other
$58.2K
Kaitlin Van Zee
Director, Enforcement & Registration
$281.4K
Hrs/Wk
40
Compensation
$240.1K
Related Orgs
$0
Other
$41.3K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Crystal Ashby | Director | 4 | $82K | $0 | $0 | $82K |
| Curt D Brockman | Affliated Director | 4 | $0 | $0 | $0 | $0 |
| Daniela Hammons | Affliated Director | 4 | $0 | $0 | $0 | $0 |
| Milton Lee | Audit, Governance & Finance Committee Chair | 4 | $92K | $0 | $0 | $92K |
Crystal Ashby
Director
$82K
Hrs/Wk
4
Compensation
$82K
Related Orgs
$0
Other
$0
Curt D Brockman
Affliated Director
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Daniela Hammons
Affliated Director
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
| $14.4M |
| $5.2M |
| $4M |
| 2020 | $14.2M | $14.2M | $14.5M | $5.5M | $4.5M |
| 2019 | $14.6M | $14.4M | $13.6M | $5.8M | $4.8M |
| 2018 | $13.1M | $12.4M | $12.6M | $4.9M | $3.8M |
| 2017 | $11.1M | $10.7M | $13M | $4.5M | $3.3M |
| 2016 | $10.6M | $10.6M | $12.4M | $6.3M | $5.2M |
| 2015 | $11.6M | $11.5M | $11.4M | $7.9M | $7M |
| 2014 | $11.8M | $11.5M | $10.8M | $7.6M | $6.8M |
| 2013 | $9.8M | $9.2M | $11.1M | $6.4M | $5.7M |
| 2012 | $11.1M | $10.5M | $10.5M | $8M | $5.9M |
| 2011 | $10.4M | $10.2M | $9.4M | $7.3M | $5.3M |
| 2021 | 990 | Data |
| 2020 | 990 | Data | PDF not yet published by IRS |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
David Paul Penney
Director, Reliability Services
$250.6K
Hrs/Wk
40
Compensation
$211.1K
Related Orgs
$0
Other
$39.5K
Paul Curtis
Deputy General Counsel
$243.6K
Hrs/Wk
40
Compensation
$198.5K
Related Orgs
$0
Other
$45.2K
Milton Lee
Audit, Governance & Finance Committee Chair
$92K
Hrs/Wk
4
Compensation
$92K
Related Orgs
$0
Other
$0