YELLOWSTONE VALLEY ELECTRIC COOPERATIVE INC (EIN 810211565) - 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

BRANDON WITTMAN

Phone

4063483411

Tax Period

2024-01-01 to 2024-12-31

YELLOWSTONE VALLEY ELECTRIC COOPERATIVE INC, founded in 1937, is a mid-sized nonprofit that reported $44.5M in total revenue in fiscal year 2024. Expenses of $42.6M left a modest 4% surplus.

Mission

YELLOWSTONE VALLEY ELECTRIC COOPERATIVE, INC. OPERATES AS AN RURAL ELECTRIC UTILITY ON A NON PROFIT BASIS BY PROVIDING ELECTRICAL POWER AND UTILITY SERVICES TO ITS MEMBERS AND PATRONS LOCATED IN THE CENTRAL PORTION OF MONTANA. THE COOPERATIVE IS EXEMPT UNDER SECTION 501 (C) (12).

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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 $41,500,409

Investment Income $130,003

Other Revenue $2,881,077

TOTAL REVENUE $44,511,489

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,414,815

Fundraising Expenses $0

Other Expenses $40,054,842

TOTAL EXPENSES $42,554,840

Year-over-Year Comparison

	2024	2023	Change
Revenue	$44,511,489	$42,019,034	+0.1%
Expenses	$42,554,840	$41,306,402	+0.0%
Net Income	$1,956,649	$712,632	+1.7%

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

$1,091,975

Total Directors

$227,599

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE KELSEY	VICE PRESIDENT	12.00	Officer Director	$64,262	$0	$64,262
DANIEL R SWARTZ	DIRECTOR	2.00	Director	$35,642	$0	$35,642
JWILLIAM KELLER	DIRECTOR	2.00	Director	$12,043	$0	$12,043
LARRY KAUFMAN	PRESIDENT	7.00	Officer Director	$25,167	$0	$25,167
GREG NEIBAUER	DIRECTOR	5.00	Director	$24,723	$0	$24,723
SCOTT HOFFERBER	SECRETARY/TREASURER	2.00	Officer Director	$36,496	$0	$36,496
CHRIS WHITE	DIRECTOR	2.00	Director	$29,266	$0	$29,266
BRANDON J WITTMAN	GENERAL MANAGER	40.00	Officer	$452,008	$129,052	$581,060
MONTI WETSCH SHAULES	OFFICE MANAGER	40.00	Officer	$181,565	$54,695	$236,260
MARIAH WITTMAN	CONTROLLER	40.00	Officer	$106,972	$41,758	$148,730
JEROME WANDLER	LINEMAN	40.00	Highest	$168,073	$78,082	$246,155
DAN SHAULES	LINEMAN SUPERVISOR	40.00	Highest	$202,157	$88,558	$290,715
JAMES WEBBER	ENGINEER	40.00	Highest	$167,906	$80,095	$248,001
CODY HOUSKA	LINEMAN	40.00	Highest	$184,295	$78,082	$262,377
MICHAEL TETER	LINEMAN	40.00	Highest	$160,736	$78,078	$238,814

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	$44,511,489	$42,554,840	$100,454,611	$1,956,649
2023	$42,019,034	$41,306,402	$94,817,571	$712,632
2022	$40,035,298	$39,185,832	$90,179,359	$849,466
2021	$39,379,515	$37,690,569	$80,881,351	$1,688,946
2020	$38,671,573	$35,525,886	$75,220,193	$3,145,687
2019	$36,958,213	$35,211,219	$71,711,563	$1,746,994
2018	$35,413,514	$33,038,618	$72,408,332	$2,374,896

YELLOWSTONE VALLEY ELECTRIC COOPERATIVE INC