NORVAL ELECTRIC COOPERATIVE INC (EIN 810215971) - 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

1941

Legal Domicile

Principal Officer

Marie Donaldson

Phone

4062289351

Tax Period

2025-01-01 to 2025-04-30

NORVAL ELECTRIC COOPERATIVE INC, founded in 1941, is a community nonprofit in the Mutual Benefit sector that reported $3.1M in total revenue in fiscal year 2024. Revenue fell 64% from the prior year — a significant decline worth monitoring. Net assets of $19.1M represent 74 months of operating reserves.

Mission

Electric Utility cooperative serving rural residences, farms, businesses and other industrial accounts located in Daniels, McCone, Phillips, Roosevelt and Valley Counties.

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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 $2,862,345

Investment Income $29,698

Other Revenue $191,754

TOTAL REVENUE $3,083,797

Expense Breakdown

Grants Paid $0

Salaries & Benefits $749,358

Fundraising Expenses $0

Program Expenses $0

Other Expenses $2,141,523

TOTAL EXPENSES $3,083,797

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,083,797	$8,465,854	-0.6%
Expenses	$3,083,797	$8,465,854	-0.6%
Net Income	$0	$0	N/A

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rick Stahl	Director	3	Officer Director	$0	$0	$0
Chris Christensen	President	15	Officer Director	$0	$0	$0
Rocky Kittleson	Secretary/Treasurer	3	Officer Director	$0	$0	$0
Sam Gundermann	Director	3	Officer Director	$0	$0	$0
Richard Molvig	Vice President	3	Officer Director	$0	$0	$0
Kevin Nelson	Director	3	Officer Director	$0	$0	$0
Brian Miller	Director	3	Officer Director	$0	$0	$0

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	No data	No data	No data	No data
2025	$3,083,797	$3,083,797	$32,742,923	No data
2024	$8,465,854	$8,465,854	$31,894,140	No data
2023	$8,395,274	$8,395,274	$29,999,792	No data
2022	$8,069,987	$8,069,987	$30,343,737	No data
2021	$7,862,591	$7,862,591	$29,266,137	No data
2020	$7,773,451	$7,773,451	$28,523,388	No data

NORVAL ELECTRIC COOPERATIVE INC