FORT BELKNAP ELECTRIC COOPERATIVE INC (EIN 750274876) - Form 990 Financial Analysis & Trantor Score

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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

1939

Legal Domicile

Principal Officer

KENDALL MONTGOMERY

Phone

9405643526

Tax Period

2023-01-01 to 2023-12-31

FORT BELKNAP ELECTRIC COOPERATIVE INC, founded in 1939, is a mid-sized nonprofit that reported $19.9M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE ELECTRIC POWER TO RURAL AREAS AT COST ON A COOPERATIVE BASIS.

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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 $19,784,674

Investment Income $77,552

Other Revenue $84,700

TOTAL REVENUE $19,946,926

Expense Breakdown

Grants Paid $6,204

Salaries & Benefits $2,160,865

Fundraising Expenses $0

Other Expenses $16,618,174

TOTAL EXPENSES $19,946,926

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,946,926	$17,327,038	+0.2%
Expenses	$19,946,926	$17,327,038	+0.2%
Net Income	$0	$0	N/A

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

$281,108

Total Directors

$212,977

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK ICKERT	PRESIDENT	1.17	Officer Director	$24,653	$0	$24,653
TERRY CREEL	DIRECTOR	1.36	Director	$23,753	$0	$23,753
JIMMY BRUTON	DIRECTOR	0.92	Director	$23,553	$0	$23,553
BENNIE LANE	SECRETARY/TREASURER	1.52	Officer Director	$23,553	$0	$23,553
JC MATHIEWS	DIRECTOR	1.19	Director	$23,553	$0	$23,553
WILSON TAACK	DIRECTOR	0.92	Director	$23,543	$0	$23,543
LARRY HEARNE	VICE PRESIDENT	1.19	Officer Director	$23,517	$0	$23,517
KENNETH LOWE	DIRECTOR	0.83	Director	$23,453	$0	$23,453
JAMES R YANCEY	DIRECTOR	0.96	Director	$23,399	$0	$23,399
KENDALL MONTGOMERY	CEO/GENERAL MANAGER	40.25	Officer	$147,564	$61,821	$209,385

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	No data	No data	No data	No data
2023	$19,946,926	$19,946,926	$41,375,442	No data
2022	$17,327,038	$17,327,038	$40,767,507	No data
2021	$13,174,182	$13,174,182	$40,346,904	No data
2020	$12,367,611	$12,367,611	$40,052,399	No data
2019	$12,527,651	$12,527,651	$39,747,325	No data
2018	$12,167,284	$12,167,284	$39,005,637	No data

FORT BELKNAP ELECTRIC COOPERATIVE INC