Ravalli County Electric Cooperative Inc

EIN: 810186335

Victor, MT

Total Revenue
$20,690,346
Total Expenses
$20,715,246
Total Assets
$47,187,474
Net Assets
$17,237,661
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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
1936
Legal Domicile
MT
Principal Officer
Mark Grotbo
Phone
4069613001
Tax Period
2024-01-01 to 2024-12-31

Ravalli County Electric Cooperative Inc, founded in 1936, is a mid-sized nonprofit that reported $20.7M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

To provide electrical power and services to its members located in its 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $20,528,298
Investment Income $161,666
Other Revenue $382
TOTAL REVENUE $20,690,346

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,186,446
Fundraising Expenses $0
Other Expenses $13,843,034
TOTAL EXPENSES $20,715,246

Year-over-Year Comparison

2024 2023 Change
Revenue $20,690,346 $17,350,508 +0.2%
Expenses $20,715,246 $16,421,583 +0.3%
Net Income $-24,900 $928,925 -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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
4
Employees
40
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
$937,415
Total Directors
7
$185,736
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mark Grotbo General Manager 0.00
Officer
$534,502 $126,266 $660,768
Kyle Kearns N/A 0.00
Highest
$189,978 $87,219 $277,197
Dan Kratofil N/A 0.00
Highest
$156,736 $62,763 $219,499
Kenneth Buhler N/A 0.00
Highest
$143,661 $69,278 $212,939
Brent Ballard N/A 0.00
Highest
$151,256 $51,519 $202,775
Brennen Lund N/A 0.00
Highest
$145,619 $56,159 $201,778
Nicole Ulibarri Chief Financial Officer 0.00
Officer
$149,227 $48,546 $197,773
Rex Griffin Director 0.00
Director
$31,905 $0 $31,905
Brien Weber Secretary-Treasurer 0.00
Officer Director
$26,552 $0 $26,552
Dennis Schneiter Vice President 0.00
Officer Director
$26,356 $0 $26,356
Robert Popham President 0.00
Officer Director
$25,966 $0 $25,966
Larry Trexler Director 0.00
Director
$25,816 $0 $25,816
Robert Bailey Director 0.00
Director
$25,125 $0 $25,125
Fred Thomas Director 0.00
Director
$24,016 $0 $24,016
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 $20,690,346 $20,715,246 $47,187,474 $-24,900
2023 $18,569,745 $18,496,687 $46,106,621 $73,058
2022 $19,298,450 $18,847,274 $45,342,716 $451,176
2021 $17,487,477 $17,202,290 $44,767,170 $285,187
2020 $17,061,657 $16,466,578 $45,095,812 $595,079
2019 $16,846,740 $16,150,295 $46,398,929 $696,445
2018 $15,556,430 $14,911,207 $36,726,376 $645,223
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