Burke-Divide Electric Cooperative

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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

1945

Legal Domicile

Principal Officer

Jerry King

Phone

7019396671

Tax Period

2024-01-01 to 2024-12-31

Burke-Divide Electric Cooperative, founded in 1945, is a mid-sized nonprofit that reported $25.5M in total revenue in fiscal year 2024.

Mission

To provide reliable, high quality electricity at a competitive cost, to strengthen the area economy and to lead in improving the region's quality of life through innovative, state of the art products and service while operating within cooperative principles.

Program Service Accomplishments

Program 1

The Cooperative has 3,817 active services, serves 1,391 members and maintains 2,587 miles of line.

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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 $25,391,442

Investment Income $350,737

Other Revenue $-246,072

TOTAL REVENUE $25,496,107

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,023,993

Fundraising Expenses $0

Other Expenses $18,646,226

TOTAL EXPENSES $25,496,107

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,496,107	$24,169,736	+0.1%
Expenses	$25,496,107	$24,169,736	+0.1%
Net Income	$0	$0	N/A

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

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

$665,606

Total Directors

$88,021

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Sigloh	President	8.20	Officer Director	$13,757	$0	$13,757
Kent Haugland	Vice President	6.40	Officer Director	$12,032	$0	$12,032
Lynn Jacobson	Secretary/Treasurer	9.10	Officer Director	$13,832	$0	$13,832
Steven Overlee	Assistant Secretary/Treasu	7.40	Officer Director	$32	$13,925	$13,957
Lane Titus	Director	4.90	Director	$8,882	$0	$8,882
Kurt Koppelsloen	Director	7.40	Director	$12,732	$0	$12,732
Jeff Dahlin	Director	8.20	Director	$1,004	$11,825	$12,829
Jerry King	General Manager	50.50	Officer	$235,240	$167,206	$402,446
Brooke Watterud	Business Manager	41.20	Officer	$155,600	$53,982	$209,582
Lex Lindbo	Line Foreman	44.80	Highest	$146,832	$28,663	$175,495
Eric Sieg	Operations Manager	40.50	Highest	$145,202	$60,800	$206,002
Jason Bruner	Line Foreman	44.70	Highest	$133,111	$61,320	$194,431
George Knutson	Line Foreman	42.40	Highest	$125,589	$59,746	$185,335
Terry Knutson	Journeyman Lineman	43.20	Highest	$124,040	$26,991	$151,031

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
2025	No data	No data	No data	No data
2024	$25,496,107	$25,496,107	$100,494,606	No data
2023	$24,169,736	$24,169,736	$103,244,404	No data
2022	$23,141,086	$23,141,086	$100,536,874	No data
2021	$23,421,063	$22,520,628	$94,420,141	$900,435
2020	$22,386,559	$22,386,559	$96,143,079	No data
2019	$25,547,352	$25,547,352	$93,109,645	No data
2018	$26,804,270	$26,804,270	$86,256,405	No data