FERGUS ELECTRIC COOPERATIVE INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1938

Legal Domicile

Principal Officer

CARSON SWEENEY

Phone

4065383465

Tax Period

2024-01-01 to 2024-12-31

FERGUS ELECTRIC COOPERATIVE INC, founded in 1938, is a mid-sized nonprofit that reported $30.4M in total revenue in fiscal year 2024.

Mission

THE MISSION OF FERGUS ELECTRIC COOPERATIVE IS TO PROVIDE RELIABLE, SAFE, AND AFFORDABLE ENERGY SERVICES TO THE COMMUNITIES WE SERVE. WHO WE ARE: WE ARE A NON-PROFIT COOPERATIVE UTILITY OWNED, OPERATED AND SUPPORTED BY MEMBERS IN CENTRAL MONTANA.WHAT WE DO: WE DISTRIBUTE ELECTRICITY AND ANCILLARY SERVICES TO 14 CENTRAL MONTANA COUNTIES: BLAINE, CASCADE, CHOTEAU, FERGUS, GOLDEN VALLEY, JUDITH BASIN, MEAGHER, MUSSELSHELL, PETROLEUM, STILLWATER, SWEET GRASS, TREASURE, WHEATLAND, AND YELLOWSTONE.WHAT WE VALUE: WE VALUE INTEGRITY, RELIABILITY, QUALITY, AFFORDABILITY, AND EMPLOYEES IN SERVING OUR COMMUNITY AND MEMBER-OWNERS.WHAT WE ASPIRE TO BECOME: WE ARE WORKING TO BECOME THE TRUSTED PROVIDER FOR ALL ENERGY AND ENERGY RELATED SERVICES THAT OUR MEMBERS REQUIRE.

Program Service Accomplishments

Program 1

THE MISSION OF FERGUS ELECTRIC COOPERATIVE IS TO PROVIDE RELIABLE, SAFE, AND AFFORDABLE ENERGY SERVICES TO THE COMMUNITIES WE SERVE. WHO WE ARE: WE ARE A NON-PROFIT COOPERATIVE UTILITY OWNED...

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $27,961,407

Investment Income $213,135

Other Revenue $2,194,200

TOTAL REVENUE $30,368,742

Expense Breakdown

Grants Paid $0

Salaries & Benefits $797,763

Fundraising Expenses $0

Other Expenses $26,299,127

TOTAL EXPENSES $30,368,742

Year-over-Year Comparison

	2024	2023	Change
Revenue	$30,368,742	$31,037,162	0.0%
Expenses	$30,368,742	$26,382,359	+0.2%
Net Income	$0	$4,654,803	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$443,981

Total Directors

$220,673

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL DESCHEEMAEKER	PRESIDENT	9.43	Officer Director	$35,125	$0	$35,125
TERRY FROST	VICE PRESIDENT	8.82	Officer Director	$32,500	$0	$32,500
JASON SWANZ	SECRETARY/TREASURER	6.08	Officer Director	$43,759	$0	$43,759
BRAD ARNTZEN	ASSISTANT SEC/TREAS	8.02	Officer Director	$41,144	$0	$41,144
CATHY KOMBOL	BOARD MEMBER	5.42	Director	$32,250	$0	$32,250
BOB EVANS	BOARD MEMBER	4.69	Director	$17,635	$0	$17,635
BRETT MAXWELL	BOARD MEMBER	7.08	Director	$18,260	$0	$18,260
CARSON SWEENEY	GENERAL MANAGER	40.00	Officer	$199,610	$91,843	$291,453
BRIAN GODBEY	SERVICEMAN/METER TECH	40.00	Highest	$137,308	$80,419	$217,727
SALLY HORACEK	OFFICE MANAGER	40.00	Highest	$157,436	$80,427	$237,863
BRET OPHUS	LINE SUPERINTENDENT	40.00	Highest	$135,284	$76,378	$211,662
DALE RIKALA	LINE SUPERINTENDENT	40.00	Highest	$154,740	$80,184	$234,924
MARK SCHWOMEYER	FOREMAN	40.00	Highest	$135,214	$55,119	$190,333

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	$30,368,742	$30,368,742	$69,397,260	No data
2023	$31,037,162	$26,382,359	$63,208,877	$4,654,803
2022	$29,316,943	$24,799,017	$54,389,942	$4,517,926
2021	$31,455,586	$24,939,400	$53,583,115	$6,516,186
2020	$29,024,541	$24,736,448	$51,112,695	$4,288,093