FERGUS ELECTRIC COOPERATIVE INC

EIN: 810134746

LEWISTOWN, MT

Total Revenue
$30,368,742
Total Expenses
$30,368,742
Total Assets
$69,397,260
Net Assets
$45,395,239
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1938
Legal Domicile
MT
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.

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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 $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
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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
7
Independent Members
7
Employees
33
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
$443,981
Total Directors
7
$220,673
Key Employees
0
$0
Highest Compensated
5
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
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