LACREEK ELECTRIC ASSOCIATION INC

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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

1948

Legal Domicile

Principal Officer

BRENT IRELAND

Phone

6056856581

Tax Period

2025-01-01 to 2025-12-31

LACREEK ELECTRIC ASSOCIATION INC, founded in 1948, is a mid-sized nonprofit that reported $17.5M in total revenue in fiscal year 2025.

Mission

TO PROVIDE OUR SERVICE TERRITORY WITH SAFE AND RELIABLE SERVICE AT THE LOWEST POSSIBLE COST, WHILE ADVANCING THE QUALITY OF LIFE BY STAYING ABREAST OF THE LATEST TECHNOLOGY AVAILABLE IN OUR INDUSTRY.

Program Service Accomplishments

Program 1

PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 4,313 MEMBERS ON 3,189 MILES OF LINE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $17,287,777

Investment Income $184,663

Other Revenue $498

TOTAL REVENUE $17,472,938

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $3,422,480

Fundraising Expenses $0

Other Expenses $13,048,645

TOTAL EXPENSES $17,206,786

Year-over-Year Comparison

	2025	2024	Change
Revenue	$17,472,938	$16,940,794	+0.0%
Expenses	$17,206,786	$16,502,243	+0.0%
Net Income	$266,152	$438,551	-0.4%

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

$424,055

Total Directors

$83,071

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENT IRELAND	VICE PRESIDENT/PRESIDENT	3.00	Officer Director	$7,249	$0	$7,249
TROY KUXHAUS	BOARD MEMBER/VICE PRESIDENT	3.00	Officer Director	$7,653	$0	$7,653
COLE LANGE	BOARD MEMBER/SECRETARY	3.00	Officer Director	$5,027	$0	$5,027
SCOTT LARSON	SECRETARY/TREASURER	3.00	Officer Director	$3,800	$0	$3,800
CLARENCE ALLEN	BOARD MEMBER	3.00	Director	$5,748	$0	$5,748
CLIFFORD LAFFERTY	BOARD MEMBER	3.00	Director	$5,056	$0	$5,056
HADLEY LIVERMONT	BOARD MEMBER AS OF APR 2025	3.00	Director	$6,571	$0	$6,571
MICHEL MELVIN	BOARD MEMBER AS OF SEPT 2025	3.00	Director	$1,751	$0	$1,751
WADE RISSE	PRESIDENT/BOARD MEMBER	3.00	Officer Director	$7,610	$0	$7,610
THOMAS SCHLACK	TREASURER/BOARD MEMBER	3.00	Officer Director	$8,346	$0	$8,346
MARION SCHULTZ	BOARD MEMBER	3.00	Director	$12,401	$0	$12,401
GERALD SHARP	BOARD MEMBER	3.00	Director	$5,027	$0	$5,027
CONNIE WHIRLWIND HORSE	BOARD MEMBER	3.00	Director	$5,027	$0	$5,027
NEAL LIVERMONT	BOARD MEMBER UNTIL APR 2025	3.00	Director	$1,083	$0	$1,083
DONOVAN YOUNGMAN	BOARD MEMBER UNTIL MAR 2025	3.00	Director	$722	$0	$722
JOSH FANNING	GENERAL MANAGER	40.00	Officer	$161,417	$80,428	$241,845
KASI HARRIS	FINANCE MANAGER	40.00	Officer	$88,474	$54,051	$142,525
MICHAEL PISHA	LINE SUPERINTENDENT	40.00	Highest	$129,502	$50,618	$180,120
JESSE BYERLEY	LINE FOREMAN	40.00	Highest	$116,029	$56,108	$172,137
KODY HAGEN	JOURNEYMAN LINEMAN	40.00	Highest	$117,103	$34,197	$151,300
GARRETT LOVELL-METZINGER	JOURNEYMAN LINEMAN	40.00	Highest	$106,321	$49,771	$156,092
DAMON WANGERIN	JOURNEYMAN LINEMAN	40.00	Highest	$104,960	$44,158	$149,118

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
2025	$17,472,938	$17,206,786	$69,840,159	$266,152
2024	$16,940,794	$16,502,243	$68,233,950	$438,551
2023	$16,464,871	$15,983,605	$70,014,869	$481,266
2022	$16,981,465	$16,686,972	$67,477,972	$294,493
2021	$15,659,452	$14,877,034	$62,795,363	$782,418
2020	$15,258,355	$14,845,371	$60,412,540	$412,984
2019	$15,707,038	$15,236,167	$54,750,256	$470,871
2018	$15,689,386	$15,305,681	$55,310,362	$383,705