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 $23.4M in total revenue in fiscal year 2020. The organization ran a surplus of $3.6M, a strong 16% operating margin.
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.
Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)
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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.