CUSTER, SD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BLACK HILLS ELECTRIC COOPERATIVE INC, founded in 1940, is a mid-sized nonprofit that reported $26.7M in total revenue in fiscal year 2025. Expenses of $24.7M left a modest 8% surplus.
Black Hills Electric Cooperative is a non-profit member owned organization whose mission is to provide great electric distribution service at the lowest cost consistent with sound business practices.
Provide electric service to 11,481 service locations in the rural area of the Black Hills and southwest Soth Dakota 24 hours each day of the year.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $26,713,860 | $25,781,472 | +0.0% |
| Expenses | $24,676,569 | $21,574,581 | +0.1% |
| Net Income | $2,037,291 | $4,206,891 | -0.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Walker Witt | CEO | 55.10 |
Officer
|
$338,046 | $124,044 | $462,090 |
| Sammi Langendorf | CFO | 50.80 |
Officer
|
$179,189 | $91,578 | $270,767 |
| Bill Brisk | Manger of Operations | 47.80 |
Key Emp
|
$177,136 | $71,181 | $248,317 |
| Jesse Sorenson | System Coordinator | 44.50 |
Key Emp
|
$159,205 | $85,696 | $244,901 |
| Michelle Fisher | Dir of Communications-Member Service | 43.80 |
Highest
|
$137,941 | $79,603 | $217,544 |
| Jeff Barnes | IT Specialist | 43.50 |
Highest
|
$129,378 | $76,529 | $205,907 |
| Beau Bradeen | Crew Foreman | 45.40 |
Highest
|
$125,923 | $71,181 | $197,104 |
| Dean Whitney | Crew Foreman | 44.40 |
Highest
|
$124,943 | $71,181 | $196,124 |
| Rory Halverson | Staking Tech | 43.00 |
Highest
|
$115,568 | $71,181 | $186,749 |
| Lonnie Schryvers | Staking Tech | 42.00 |
Officer
Director
|
$115,963 | $71,181 | $187,144 |
| Don Anderson | Board Treasurer | 4.23 |
Officer
Director
|
$10,689 | $0 | $10,689 |
| Alan Bishop | Board Assistant Secretary | 3.69 |
Officer
Director
|
$9,450 | $0 | $9,450 |
| Gary Kluthe | Director | 2.92 |
Director
|
$8,985 | $10,000 | $18,985 |
| David Lindblom | Board President | 2.15 |
Officer
Director
|
$5,499 | $0 | $5,499 |
| Jim Preston | Director | 1.23 |
Director
|
$3,118 | $0 | $3,118 |
| Dennis Quivey | Board Vice President | 2.77 |
Officer
Director
|
$7,024 | $0 | $7,024 |
| Thad Wasson | Board Secretary | 3.69 |
Officer
Director
|
$9,444 | $0 | $9,444 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $26,713,860 | $24,676,569 | $83,436,674 | $2,037,291 |
| 2024 | No data | No data | No data | No data |
| 2024 | $25,781,472 | $21,574,581 | $82,396,288 | $4,206,891 |
| 2023 | $24,904,597 | $21,076,110 | $82,154,386 | $3,828,487 |
| 2022 | $27,331,090 | $21,089,119 | $78,519,547 | $6,241,971 |
| 2021 | $23,022,656 | $19,702,955 | $75,104,972 | $3,319,701 |
| 2020 | $23,355,698 | $19,718,772 | $68,564,753 | $3,636,926 |
Compare BLACK HILLS ELECTRIC COOPERATIVE INC with other nonprofits in South Dakota and across the country.