LIGNITE ENERGY COUNCIL

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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

1974

Legal Domicile

Principal Officer

JONATHAN FORTNER

Phone

7012587117

Tax Period

2024-01-01 to 2024-12-31

LIGNITE ENERGY COUNCIL, founded in 1974, is a community nonprofit that reported $5.6M in total revenue in fiscal year 2024.

Mission

THE LIGNITE ENERGY COUNCIL SHALL PROTECT, MAINTAIN, AND ENHANCE DEVELOPMENT OF OUR REGION'S ABUNDANT LIGNITE RESOURCE.

Program Service Accomplishments

Program 1

EDUCATION & PUBLIC RELATIONS PROGRAM TO KEEP THE PUBLIC AWARE OF AND EDUCATED AS TO THE RECLAMATION, MINING, AND ENERGY CONVERSION PROCESS OF LIGNITE RESOURCES, INCLUDING TEACHERS' SEMINARS AND OTHER...

Program 2

RESEARCH AND DEVELOPMENT PROGRAM THAT PROMOTES ECONOMIC, EFFICIENT, AND CLEAN USES OF LIGNITE AND LIGNITE BY-PRODUCTS. ENTERED INTO A CONTRACT WITH ENERGY & ENVIRONMENTAL RESEARCH CENTER AT THE...

RESEARCH AND DEVELOPMENT PROGRAM THAT PROMOTES ECONOMIC, EFFICIENT, AND CLEAN USES OF LIGNITE AND LIGNITE BY-PRODUCTS. ENTERED INTO A CONTRACT WITH ENERGY & ENVIRONMENTAL RESEARCH CENTER AT THE UNIVERSITY OF NORTH DAKOTA TO PROVIDE A STUDY ON THE NEXT GENERATION OF LIGNITE POWER PLANTS. MOVED TO FOUNDATION IN 2024 AND BACK TO THE ENERGY COUNCIL IN 2025.

Program 3

REGULATORY AND LITIGATION SUPPORT TO HELP THE STATE IN REGULATORY ISSUES INVOLVING MN AND THE EPA.

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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 $5,492,355

Investment Income $90,967

Other Revenue $0

TOTAL REVENUE $5,583,322

Expense Breakdown

Grants Paid $5,750

Salaries & Benefits $1,775,194

Fundraising Expenses $0

Other Expenses $3,815,507

TOTAL EXPENSES $5,596,451

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,583,322	$5,232,846	+0.1%
Expenses	$5,596,451	$5,657,258	0.0%
Net Income	$-13,129	$-424,412	-1.0%

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

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

$934,014

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRYAN WALTHER	DIRECTOR	0.50	Director	$0	$0	$0
CHARLIE GORECKI	DIRECTOR	0.50	Director	$0	$0	$0
CHRIS FRIEZ	DIRECTOR	0.50	Director	$0	$0	$0
DALE JOHNSON	DIRECTOR	0.50	Director	$0	$0	$0
JAY KOST	DIRECTOR	0.50	Director	$0	$0	$0
JEFF HAMMES	DIRECTOR	0.50	Director	$0	$0	$0
KAI XIA	DIRECTOR	0.50	Director	$0	$0	$0
MAC MCLENNAN	CHAIRMAN	0.50	Officer Director	$0	$0	$0
MIKE HEGER	DIRECTOR	0.50	Director	$0	$0	$0
TIM ROGELSTAD	DIRECTOR	0.50	Director	$0	$0	$0
TROY TWEETEN	DIRECTOR	0.50	Director	$0	$0	$0
TWYLAH BLOTSKY	DIRECTOR	0.50	Director	$0	$0	$0
WADE MANN	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
STACEY TSCHIDER	DIRECTOR	0.50	Director	$0	$0	$0
TODD BRICKHOUSE	CHAIRMAN ELECT	0.50	Officer Director	$0	$0	$0
JULIE PIERCE	DIRECTOR	0.50	Director	$0	$0	$0
RYAN RAYDA	DIRECTOR	0.50	Director	$0	$0	$0
ADAM VAN DOORNE	DIRECTOR	0.50	Director	$0	$0	$0
PERRIE SCHAFER	DIRECTOR	0.50	Director	$0	$0	$0
DONN STEFFEN	DIRECTOR	0.50	Director	$0	$0	$0
GARRET SENGER	PAST CHAIRMAN	0.50	Officer Director	$0	$0	$0
MARK PETERSON	DIRECTOR	0.50	Director	$0	$0	$0
DAVID ALLARD	DIRECTOR OF ADMINISTRATIO	40.00	Officer	$17,871	$8,946	$26,817
JASON BOHRER	PRESIDENT/CEO	40.00	Officer	$311,795	$79,933	$391,728
RACHELLE ANDERSON	OFFICE, FINANCE, AND BENEF	40.00	Officer	$95,759	$42,230	$137,989
MICHAEL J HOLMES	VP OF R&D	40.00	Officer	$300,769	$76,711	$377,480
JONATHAN FORTNER	VP OF GOVERNMENT RELATIONS	40.00	Highest	$165,662	$53,890	$219,552
KAY LACOE	VICE PRESIDENT OF MARKETIN	40.00	Highest	$111,881	$47,453	$159,334

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	$5,583,322	$5,596,451	$4,164,440	$-13,129
2023	$5,232,846	$5,657,258	$4,463,114	$-424,412
2022	$4,393,581	$4,261,139	$4,963,760	$132,442
2021	$4,452,905	$4,270,366	$4,866,875	$182,539
2020	$3,801,816	$3,862,665	$5,637,210	$-60,849
2019	$3,736,316	$4,086,702	$5,502,749	$-350,386
2018	$3,966,617	$4,026,766	$5,063,441	$-60,149