Missoula Electric Cooperative Inc (EIN 810168065) - 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

Mark Hayden

Phone

4065414433

Tax Period

2023-01-01 to 2023-12-31

Missoula Electric Cooperative Inc, founded in 1937, is a mid-sized nonprofit that reported $26.0M in total revenue in fiscal year 2023. Expenses of $24.3M left a modest 6% surplus.

Mission

Missoula Electric Cooperative, Inc. strives to uphold a commitment to service excellence, while delivering safe, affordable and reliable electriciy to its members.

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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 $24,414,484

Investment Income $421,231

Other Revenue $1,168,151

TOTAL REVENUE $26,003,866

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,091,025

Fundraising Expenses $0

Other Expenses $18,810,818

TOTAL EXPENSES $24,318,973

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,003,866	$26,435,058	0.0%
Expenses	$24,318,973	$25,898,207	-0.1%
Net Income	$1,684,893	$536,851	+2.1%

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

$705,513

Total Directors

$165,850

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Hayden	General Manager	40.00	Officer	$300,105	$121,033	$421,138
Nicholas Labbe	Dir. of Operations	40.00		$152,156	$66,423	$218,579
Erik Langaunet	Engineering Manage	40.00		$142,707	$65,752	$208,459
Keelie Montalban	CFO	40.00	Officer	$127,031	$79,444	$206,475
Keven Kuhn	CTO	40.00		$155,373	$42,896	$198,269
Mitchell Dupree	Foreman	40.00		$141,569	$49,885	$191,454
Eric Nicoson	Area Foreman	40.00		$135,420	$48,737	$184,157
Roy Handley	Sec/Treas	4.62	Officer Director	$25,580	$0	$27,330
Dena Hooker	Vice President	5.60	Officer Director	$27,055	$0	$27,055
Candace Jerke	Trustee	5.57	Director	$26,170	$0	$26,170
Pete Simonich	President	4.77	Officer Director	$23,515	$0	$23,515
Thomas Alsaker	Trustee	2.62	Director	$20,695	$0	$22,195
Guy Hanson	Trustee	2.92	Director	$21,580	$0	$21,580
Barrie Lewis	Trustee	3.32	Director	$18,005	$0	$18,005

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	$26,003,866	$24,318,973	$78,267,953	$1,684,893
2022	$26,435,058	$25,898,207	$75,821,865	$536,851
2021	$24,430,918	$23,427,750	$70,319,487	$1,003,168
2020	$24,560,143	$22,338,180	$66,857,225	$2,221,963
2019	$24,651,211	$23,630,436	$65,155,958	$1,020,775
2018	$23,529,055	$22,794,042	$64,482,166	$735,013

Missoula Electric Cooperative Inc