UTILITY SHAREHOLDERS OF NORTH DAKO… - 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

2000

Legal Domicile

Principal Officer

CARLEE MCLEOD

Phone

7012588864

Tax Period

2023-01-01 to 2023-12-31

UTILITY SHAREHOLDERS OF NORTH DAKOTA, founded in 2000, is a small nonprofit that reported $244K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $329K exceeded revenue, resulting in a 35% operating deficit.

Mission

PROMOTE A COMPETITIVE MARKET PLACE FOR UTILITY COMPANIES.

Program Service Accomplishments

Program 1

MORE THAN 2,700 MEMBER HOUSEHOLDS OF THE ASSOCIATION RECEIVE NEWSLETTERS THAT PROVIDE BACKGROUND INFORMATION ABOUT IMPORTANT UTILITY ISSUES. EACH NEWSLETTER ENCOURAGES MEMBERS TO FORWARD ANY IDEAS...

MORE THAN 2,700 MEMBER HOUSEHOLDS OF THE ASSOCIATION RECEIVE NEWSLETTERS THAT PROVIDE BACKGROUND INFORMATION ABOUT IMPORTANT UTILITY ISSUES. EACH NEWSLETTER ENCOURAGES MEMBERS TO FORWARD ANY IDEAS, SUGGESTIONS, OR QUESTIONS ABOUT UTILITY PUBLIC POLICY ISSUES TO THE ASSOCIATION OFFICE. FURTHER, EACH OF THE MORE THAN 3,500 INDIVIDUAL USND MEMBERS ARE INVITED TO PUBLIC MEETINGS TWO TIMES A YEAR TO ENGAGE IN DISCUSSIONS WITH UTILITY EXECUTIVES, REGULATORS, AND/OR POLITICIANS ABOUT LOCAL AND NATIONAL UTILITY ISSUES. MEETINGS ARE CONDUCTED IN SIX DIFFERENT LOCATIONS AROUND THE STATE SO MEMBERS CAN EASILY ATTEND ONE OF THE MEETINGS.

Program 2

THE ASSOCIATION EXECUTIVE ATTENDS REGULATORY AND LEGISLATIVE MEETINGS TO GATHER INFORMATION THAT CAN BE DISSEMINATED TO ASSOCIATION MEMBERS AS NECESSARY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $225,000

Investment Income $17,584

Other Revenue $954

TOTAL REVENUE $243,538

Expense Breakdown

Grants Paid $250

Salaries & Benefits $284,194

Fundraising Expenses $0

Other Expenses $44,529

TOTAL EXPENSES $328,973

Year-over-Year Comparison

	2023	2022	Change
Revenue	$243,538	$260,461	-0.1%
Expenses	$328,973	$284,088	+0.2%
Net Income	$-85,435	$-23,627	+2.6%

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

$270,417

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLEE MCLEOD	PRESIDENT	40.00	Officer	$248,826	$21,591	$270,417
JOHN M OLSON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
LYNETTE PEDERSON	DIRECTOR	0.50	Director	$0	$0	$0
IVAN MAAS	DIRECTOR	0.50	Director	$0	$0	$0
KAREN KREBSBACH	DIRECTOR	0.50	Director	$0	$0	$0
PATRICK HATLESTAD	DIRECTOR	0.50	Director	$0	$0	$0
CHARLES AXTMAN	DIRECTOR	0.50	Director	$0	$0	$0

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
2023	$243,538	$328,973	No data	$-85,435
2022	$260,461	$284,088	$124,850	$-23,627
2021	$332,657	$336,363	$146,372	$-3,706
2019	$232,064	$219,490	$144,363	$12,574
2018	$280,930	$319,423	$128,510	$-38,493

UTILITY SHAREHOLDERS OF NORTH DAKOTA