PARK ELECTRIC COOPERATIVE INC (EIN 810180438) - 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

1939

Legal Domicile

Principal Officer

ALAN JOHNSTONE

Phone

4062223100

Tax Period

2024-01-01 to 2024-12-31

PARK ELECTRIC COOPERATIVE INC, founded in 1939, is a mid-sized nonprofit that reported $18.7M in total revenue in fiscal year 2024. Expenses of $17.4M left a modest 7% surplus.

Mission

RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICAL SERVICES & UTILITIES TO MEMBERS & PATRONS LOCATED IN THE CENTRAL PORTION OF MONTANA

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $17,191,826

Investment Income $149,323

Other Revenue $1,401,830

TOTAL REVENUE $18,742,979

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,281,111

Fundraising Expenses $0

Other Expenses $15,114,133

TOTAL EXPENSES $17,445,041

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,742,979	$17,416,914	+0.1%
Expenses	$17,445,041	$16,893,617	+0.0%
Net Income	$1,297,938	$523,297	+1.5%

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

$475,375

Total Directors

$78,910

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT HAGGERTY	CEO	40.00	Officer	$208,448	$0	$208,448
GUNNER BERSING	EMPLOYEE	40.00	Highest	$161,540	$0	$161,540
JOSHUA FATOUROS	EMPLOYEE	40.00	Highest	$159,369	$0	$159,369
TANNER TAWATER	EMPLOYEE	40.00	Highest	$156,479	$0	$156,479
DANE BONDURANT	EMPLOYEE	40.00	Highest	$149,166	$0	$149,166
COLE KIMBALL	EMPLOYEE	40.00	Highest	$142,334	$0	$142,334
MATT GROSE	COO	40.00	Officer	$130,365	$0	$130,365
CAROL AMUNRUD	CFO	40.00	Officer	$94,500	$0	$94,500
DAN SKATTUM	TRUSTEE	1.00	Director	$20,597	$0	$20,597
CRAIG YOST	VICE PRESIDE	1.00	Officer Director	$19,104	$0	$19,104
ALAN JOHNSTONE	PRESIDENT	1.00	Officer Director	$13,302	$0	$13,302
ALBERT OTIS	SECRETARY/TR	1.00	Officer Director	$9,656	$0	$9,656
WILLIAM BROWNLEE	TRUSTEE	1.00	Director	$8,594	$0	$8,594
MATT JESSON	TRUSTEE	1.00	Director	$5,619	$0	$5,619
C PERRY ANDERSON	TRUSTEE	1.00	Director	$2,038	$0	$2,038

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	$18,742,979	$17,445,041	$29,798,046	$1,297,938
2023	$17,416,914	$16,893,617	$28,422,531	$523,297
2022	$17,437,830	$17,427,689	$28,279,650	$10,141
2021	$16,763,973	$16,486,850	$27,938,575	$277,123
2020	$17,208,024	$16,065,545	$28,068,632	$1,142,479
2019	$16,171,914	$15,895,556	$26,324,354	$276,358
2018	$15,785,811	$15,095,342	$26,417,823	$690,469

PARK ELECTRIC COOPERATIVE INC