FLATHEAD ELECTRIC COOPERATIVE INC (EIN 810135783) - 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

1937

Legal Domicile

Principal Officer

STACEY SCHNEBEL

Phone

4067514483

Tax Period

2025-01-01 to 2025-12-31

FLATHEAD ELECTRIC COOPERATIVE INC, founded in 1937, is a major nonprofit that reported $151.7M in total revenue in fiscal year 2025. Expenses of $146.5M left a modest 3% surplus.

Mission

TO PROVIDE RURAL ELECTRIC POWER DISTRIBUTION TO MEMBERS IN OUR SERVICE AREA.

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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 $148,935,573

Investment Income $391,789

Other Revenue $2,333,877

TOTAL REVENUE $151,661,239

Expense Breakdown

Grants Paid $147,933

Salaries & Benefits $24,597,203

Fundraising Expenses $0

Other Expenses $121,693,993

TOTAL EXPENSES $146,473,287

Year-over-Year Comparison

	2025	2024	Change
Revenue	$151,661,239	$140,486,314	+0.1%
Expenses	$146,473,287	$138,301,048	+0.1%
Net Income	$5,187,952	$2,185,266	+1.4%

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

180

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

$2,430,477

Total Directors

$381,998

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STACEY SCHNEBEL	PRESIDENT	10.00	Officer Director	$47,554	$0	$47,554
STEVE STREICH	VICE PRESIDENT	5.00	Officer Director	$41,053	$0	$41,053
ALAN RUBY	SECRETARY/TREASURER	7.50	Officer Director	$41,571	$0	$41,571
GARY BOE	TRUSTEE	10.00	Director	$40,892	$0	$40,892
DUANE BRAATEN	TRUSTEE	13.50	Director	$51,712	$0	$51,712
JERRY BYGREN	TRUSTEE (UNTIL SEPT 2025)	17.00	Director	$30,565	$0	$30,565
GARY CARMICHAEL	TRUSTEE	11.30	Director	$50,672	$0	$50,672
TERRY CROOKS	TRUSTEE	14.50	Director	$31,729	$4,860	$36,589
JOHN SLINEY	TRUSTEE	12.80	Director	$41,390	$0	$41,390
MARK JOHNSON	CEO AND GENERAL MANAGER	50.00	Officer	$510,534	$493,038	$1,003,572
JASON WILLIAMS	COO	45.00	Officer	$307,042	$150,830	$457,872
TIA ROBBIN	CAO	45.00	Officer	$242,170	$91,493	$333,663
TOD YOUNG - CFO UNTIL	08/25); SPECIAL PROJECT (BEG 8/25)	50.00	Officer	$242,512	$162,419	$404,931
STACIE DELLAMANO	CFO (BEG 08/2025)	50.00	Officer	$84,449	$15,812	$100,261
JOHN GOROSKI	COMPLIANCE MANAGER	45.00	Highest	$223,177	$154,218	$377,395
BRIAN PLUNKETT	ENGINEERING MANAGER	50.00	Highest	$218,147	$165,903	$384,050
AL THORSON	OPERATIONS MANAGER	50.00	Highest	$204,824	$128,901	$333,725
BJ HATTEL	IT MANAGER	50.00	Highest	$195,256	$64,712	$259,968
CODY KATZER	JOURNEYMAN LINE FOREMAN	45.90	Highest	$187,048	$62,310	$249,358

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	$151,661,239	$146,473,287	$317,059,300	$5,187,952
2024	No data	No data	No data	No data
2023	$127,226,185	$125,417,073	$282,672,078	$1,809,112
2022	$130,777,955	$133,527,576	$278,915,146	$-2,749,621
2021	$127,930,773	$126,391,764	$284,506,383	$1,539,009
2020	$122,789,085	$121,380,348	$283,675,251	$1,408,737
2019	$123,634,267	$122,147,331	$279,819,940	$1,486,936
2018	$120,237,106	$118,313,959	$278,384,132	$1,923,147

FLATHEAD ELECTRIC COOPERATIVE INC