GOLDENWEST ELECTRIC COOPERATIVE (EIN 810216809) - 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

1942

Legal Domicile

Principal Officer

DALE SCHWEIGERT

Phone

4067962423

Tax Period

2023-01-01 to 2023-12-31

GOLDENWEST ELECTRIC COOPERATIVE, founded in 1942, is a community nonprofit that reported $6.4M in total revenue in fiscal year 2023. The organization ran a surplus of $1.1M, a strong 17% operating margin.

Mission

RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICAL SERVICES AND UTILITIES TO MEMBERS AND PATRONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,809,267

Investment Income $574,664

Other Revenue $49,571

TOTAL REVENUE $6,433,502

Expense Breakdown

Grants Paid $0

Salaries & Benefits $612,823

Fundraising Expenses $0

Other Expenses $4,322,499

TOTAL EXPENSES $5,355,543

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,433,502	$6,437,033	0.0%
Expenses	$5,355,543	$6,207,702	-0.1%
Net Income	$1,077,959	$229,331	+3.7%

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

$18,939

Total Directors

$31,065

Key Employees

$212,403

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN SOKOLOSKI	MANAGER	40.00	Key Emp	$212,403	$0	$212,403
TRAVIS BAKKEN	LINEMAN	40.00	Highest	$132,346	$0	$132,346
DWAYNE VAN VLEET	LINEMAN	40.00	Highest	$122,682	$0	$122,682
COLE OLSON	LINEMAN	40.00	Highest	$114,327	$0	$114,327
DON MAUS	DIRECTOR	1.00	Officer Director	$6,663	$0	$6,663
ROBERT MAKELKY	SECRETARY	1.00	Officer Director	$6,163	$0	$6,163
DAVID FRANZ	DIRECTOR	1.00	Director	$6,113	$0	$6,113
DALE SCHWEIGERT	PRESIDENT	1.00	Officer Director	$6,113	$0	$6,113
KENT KAHL	DIRECTOR	1.00	Director	$6,013	$0	$6,013

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	No data	No data	No data	No data
2023	$6,433,502	$5,355,543	$21,336,535	$1,077,959
2022	$6,437,033	$6,207,702	$21,335,392	$229,331
2021	$5,904,655	$5,305,824	$21,752,286	$598,831
2020	$6,009,748	$5,360,033	$24,074,955	$649,715

GOLDENWEST ELECTRIC COOPERATIVE