PARK ELECTRIC COOPERATIVE INC

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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

2025-01-01 to 2025-12-31

PARK ELECTRIC COOPERATIVE INC, founded in 1939, is a mid-sized nonprofit that reported $18.8M in total revenue in fiscal year 2025. Expenses of $17.7M left a modest 6% surplus.

Mission

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

Program Service Accomplishments

Program 1

RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICAL SERVICES & UTILITIES TO MEMBERS AND PATRONS LOCATED IN THE SOUTH 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $17,590,058

Investment Income $86,633

Other Revenue $1,134,511

TOTAL REVENUE $18,811,202

Expense Breakdown

Grants Paid $0

Salaries & Benefits $579,492

Fundraising Expenses $0

Other Expenses $16,349,350

TOTAL EXPENSES $17,703,778

Year-over-Year Comparison

	2025	2024	Change
Revenue	$18,811,202	$18,742,979	+0.0%
Expenses	$17,703,778	$17,445,041	+0.0%
Net Income	$1,107,424	$1,297,938	-0.1%

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

$752,354

Total Directors

$84,175

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN JOHNSTONE	PRESIDENT	1.04	Officer Director	$1,200	$6,381	$7,581
ALBERT OTIS	SECRETARY-TREASURER	1.04	Officer Director	$2,075	$16,865	$18,940
C PERRY ANDERSON	TRUSTEE	1.04	Director	$600	$0	$600
CRAIG YOST	VICE PRESIDENT	1.04	Officer Director	$1,300	$16,865	$18,165
DAN SKATTUM	TRUSTEE	1.04	Director	$2,725	$3,728	$6,453
MATT JESSON	TRUSTEE	1.04	Director	$1,200	$4,640	$5,840
NATHAN ANDERSON	TRUSTEE	1.04	Director	$500	$8,031	$8,531
WILLIAM BROWNLEE	TRUSTEE	1.04	Director	$1,200	$16,865	$18,065
MATT HAGGERTY	CEO	40.00	Officer	$240,651	$95,807	$336,458
CAROL AMUNRUD	CFO	40.00	Officer	$108,378	$56,288	$164,666
MATT GROSE	COO	40.00	Officer	$139,430	$67,114	$206,544
JOSHUA FATOUROS	LINEMAN FOREMAN	40.00	Highest	$170,189	$52,765	$222,954
TANNER TAWATER	LINEMAN FOREMAN	40.00	Highest	$164,571	$52,766	$217,337
GUNNER BERGSING	LINEMAN	40.00	Highest	$153,510	$51,071	$204,581
BRADY ZACHMANN	LINEMAN FOREMAN	40.00	Highest	$152,782	$52,766	$205,548
DANE BONDURANT	LINEMAN	40.00	Highest	$151,342	$51,085	$202,427

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	$18,811,202	$17,703,778	$31,281,893	$1,107,424
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