SLOPE ELECTRIC COOPERATIVE INC (EIN 450217360) - Form 990 Financial Analysis & Trantor Score

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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

ALEX CRAIGMILE

Phone

7015794191

Tax Period

2024-01-01 to 2024-12-31

SLOPE ELECTRIC COOPERATIVE INC, founded in 1945, is a mid-sized nonprofit that reported $22.0M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Net assets of $74.7M represent 41 months of operating reserves.

Mission

THE EXEMPT PURPOSE OF THE ORGANIZATION IS TO DISTRIBUTE RELIABLE ELECTRIC SERVICE TO MEMBERS IN SLOPE, ADAMS, HETTINGER, AND BOWMAN COUNTIES.

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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 $19,952,797

Investment Income $1,351,838

Other Revenue $717,974

TOTAL REVENUE $22,022,609

Expense Breakdown

Grants Paid $26,454

Salaries & Benefits $475,612

Fundraising Expenses $0

Other Expenses $19,228,218

TOTAL EXPENSES $22,022,609

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,022,609	$23,943,650	-0.1%
Expenses	$22,022,609	$23,943,650	-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

$52,050

Total Directors

$95,900

Key Employees

$243,100

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE WEGNER	PRESIDENT	3.13	Officer Director	$9,800	$0	$9,800
ANTHONY LARSON	VICE PRESIDENT	8.52	Officer Director	$14,100	$0	$14,100
ANGELA CARLSON	SECRETARY	7.35	Officer Director	$15,625	$0	$15,625
HENRY FISCHER	TREASURER	5.94	Officer Director	$12,525	$0	$12,525
LAUREN KLEWIN	DIRECTOR	1.23	Director	$3,675	$0	$3,675
JEROME CARON	DIRECTOR	5.71	Director	$8,050	$0	$8,050
CHAROLOTTE MEIER	DIRECTOR	5.52	Director	$13,025	$0	$13,025
DALE HANDE	DIRECTOR	2.88	Director	$5,100	$0	$5,100
CHERYL VAN DAELE	DIRECTOR	6.19	Director	$8,100	$0	$8,100
RYAN JACOBSON	DIRECTOR	2.31	Director	$5,900	$0	$5,900
TRAVIS KUPPER IEA EMPLOYEE	CO-MANAGER	0.00	Officer	$0	$0	$0
JASON BENTZ IEA EMPLOYEE	CO-MANAGER	0.00	Officer	$0	$0	$0
ALEX CRAIGMILE IEA EMPLOYEE	CFO	0.00	Officer	$0	$0	$0
DEAN VOLK	OPERATIONS MANAGER	40.00	Key Emp	$162,079	$81,021	$243,100
JEFF BOYNTON	OUTPOST FOREMAN	40.00	Highest	$135,609	$68,949	$204,558
ANDREW SONSALLA	SENIOR STAKING TECHNICIAN	40.00	Highest	$130,846	$57,957	$188,803
BRADLEY SCHMITT	JOURNEY LINE TECHNICIAN	40.00	Highest	$127,247	$41,060	$168,307
DUSTIN HOFF	WORKING FOREMAN	40.00	Highest	$127,113	$50,546	$177,659
MARK FRANK	JOURNEYMAN LINE TECHNICIAN	40.00	Highest	$124,722	$46,390	$171,112

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	$22,022,609	$22,022,609	$118,304,460	No data
2023	$23,943,650	$23,943,650	$119,757,346	No data
2022	$26,292,159	$26,292,159	$117,371,674	No data
2021	$28,340,971	$28,340,971	$117,902,274	No data
2020	$31,650,119	$31,650,119	$120,979,536	No data
2019	$35,657,895	$35,657,895	$115,788,050	No data
2018	$38,378,369	$38,378,369	$115,069,926	No data

SLOPE ELECTRIC COOPERATIVE INC