Mountrail-Williams Electric Cooper… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1944

Legal Domicile

Principal Officer

Robert Grant

Phone

7015773765

Tax Period

2024-01-01 to 2024-12-31

Mountrail-Williams Electric Cooperative, founded in 1944, is a major nonprofit that reported $490.8M in total revenue in fiscal year 2024.

Mission

Mountrail-Williams Electric Cooperative is a member-owned cooperative that exists to meet the changing needs of its membership, to provide them with personal, excellent service and to keep them fully informed about their cooperative. Our mission includes playing a leadership role in the community and contributing to improving the quality of life in our service area. We seek to accomplish these purposes by providing professional and personal development opportunities for employees and directors. Further, we seek to meet our responsibilities through prudent management and with rates that are fair and equitable.

Program Service Accomplishments

Program 1

Provided electric service to approximately 8,629 members servicing 5,468 miles of line. During 2024 the Cooperative removed 101.36 miles and added 123.66 miles.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $488,466,829

Investment Income $2,067,221

Other Revenue $306,295

TOTAL REVENUE $490,840,345

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,248,063

Fundraising Expenses $0

Other Expenses $409,202,360

TOTAL EXPENSES $488,763,803

Year-over-Year Comparison

	2024	2023	Change
Revenue	$490,840,345	$463,576,484	+0.1%
Expenses	$488,763,803	$461,449,647	+0.1%
Net Income	$2,076,542	$2,126,837	0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

145

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,431,136

Total Directors

$170,452

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Grant	Chairperson	8.50	Officer Director	$29,206	$0	$29,206
Blaine Jorgenson	Secretary	5.70	Officer Director	$17,307	$0	$17,307
Garrett Lalim	Vice Chairperson	4.00	Officer Director	$16,327	$0	$16,327
Kyle Detienne	Treasurer	5.50	Officer Director	$20,425	$0	$20,425
Charlene Aubol	Director (Until 4/24)	4.10	Director	$4,625	$0	$4,625
Jennifer Wade	Director	3.90	Director	$10,633	$0	$10,633
Pete Petersen	Director	7.70	Director	$19,410	$0	$19,410
Brion Norby	Director	6.40	Director	$27,152	$0	$27,152
Ryan Wilhelmi	Director	4.30	Director	$19,123	$0	$19,123
Geri Bratvold	Director (As of 8/24)	4.60	Director	$6,244	$0	$6,244
Dale L Haugen	General Manager (Until 4/24)	39.70	Officer	$238,800	$122,680	$361,480
Alex Vournas	General Manager (Jan-Dec)	54.80	Officer	$349,027	$88,028	$437,055
Jay P Lux	CFO (Jan-Dec)	43.10	Officer	$249,707	$221,208	$470,915
Cole Hendrickson	CFO (As of 9/24)	43.90	Officer	$61,908	$16,513	$78,421
Jerry Rehak	Special Projects Manager	40.70	Highest	$215,302	$102,296	$317,598
Leah Johnson Ellis	In-House Legal Counsel	41.70	Highest	$207,038	$74,064	$281,102
Matthew Glueckert	Operations Manager	44.90	Highest	$198,507	$74,299	$272,806
Darin Swensrud	Line Superintendent	41.40	Highest	$188,011	$176,097	$364,108
Chris Meiers	Operations Superintendent	42.00	Highest	$186,636	$164,123	$350,759

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$490,840,345	$488,763,803	$957,456,348	$2,076,542
2023	$463,576,484	$461,449,647	$893,263,831	$2,126,837
2022	$351,151,917	$350,401,163	$804,528,059	$750,754
2021	$319,591,434	$319,421,884	$729,403,133	$169,550
2020	$318,238,351	$317,688,827	$717,404,799	$549,524
2019	$322,622,142	$321,889,963	$698,555,752	$732,179
2018	$310,574,546	$309,894,127	$663,881,661	$680,419

Mountrail-Williams Electric Cooperative