Big Horn County Electric Cooperative Inc

EIN: 810111221

Hardin, MT

Total Revenue
$8,715,539
Total Expenses
$8,556,660
Total Assets
$19,393,940
Net Assets
$8,522,955
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1939
Legal Domicile
MT
Principal Officer
Derek Sorley
Phone
4066652830
Tax Period
2024-01-01 to 2024-12-31

Big Horn County Electric Cooperative Inc, founded in 1939, is a community nonprofit that reported $8.7M in total revenue in fiscal year 2024.

Mission

To supply electricity and services to members located within its boundries.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $8,659,058
Investment Income $56,481
Other Revenue $0
TOTAL REVENUE $8,715,539

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,349,795
Fundraising Expenses $0
Other Expenses $5,769,412
TOTAL EXPENSES $8,556,660

Year-over-Year Comparison

2024 2023 Change
Revenue $8,715,539 $8,174,795 +0.1%
Expenses $8,556,660 $8,444,812 +0.0%
Net Income $158,879 $-270,017 -1.6%
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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Governance

Voting Members
9
Independent Members
9
Employees
16
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
5
$416,784
Total Directors
9
$103,548
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Derek Sorley General Manager 40.00
Officer
$173,624 $60,203 $233,827
Mark Betts Operations Manager 40.00
Highest
$116,911 $59,179 $176,090
Gabe Havener Foreman 44.00
Highest
$119,466 $55,514 $174,980
Jared Hebdon Foreman 43.00
Highest
$115,691 $55,490 $171,181
Zack Zukowski Journeyman Lineman 45.00
Highest
$112,110 $52,636 $164,746
Ashley Gietzen Finance & Admin Manager 40.00
Officer
$92,439 $51,500 $143,939
Dustin Kruger Journeyman Lineman 46.00
Highest
$116,580 $25,156 $141,736
Brett Nedens President 1.00
Officer Director
$13,186 $0 $13,186
Ed Watt Secretary 1.00
Officer Director
$13,006 $0 $13,006
Spencer Kehler Director 1.00
Director
$12,826 $0 $12,826
Lila Taylor Vice-President 1.00
Officer Director
$12,826 $0 $12,826
John Mehling Director 1.00
Director
$12,726 $0 $12,726
Nengfeng Stevens Director 1.00
Director
$12,726 $0 $12,726
Lamont Herman Director 1.00
Director
$12,626 $0 $12,626
Hale C Jeffers Jr Director 1.00
Director
$12,426 $0 $12,426
Todd Graham Director 1.00
Director
$1,200 $0 $1,200
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 $8,715,539 $8,556,660 $19,393,940 $158,879
2023 $8,174,795 $8,444,812 $19,276,209 $-270,017
2022 $8,340,373 $8,064,490 $19,846,077 $275,883
2021 $8,393,907 $7,912,368 $18,794,081 $481,539
2020 $7,473,382 $7,535,696 $18,493,308 $-62,314
2019 $7,607,657 $7,307,035 $17,680,288 $300,622
2018 $7,606,453 $7,404,828 $16,684,573 $201,625
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