GLACIER 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

1945

Legal Domicile

Principal Officer

HUGO ANDERSON

Phone

4068735566

Tax Period

2024-01-01 to 2024-12-31

GLACIER ELECTRIC COOPERATIVE INC, founded in 1945, is a mid-sized nonprofit that reported $17.4M in total revenue in fiscal year 2024.

Mission

TRANSMISSION AND DISTRIBUTION OF ELECTRICITY TO ITS MEMBERS, PRIMARILY SERVING GLACIER COUNTY, MT

Program Service Accomplishments

Program 1

Expenses: $14,994,259 Revenue: $17,357,916

RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICAL SERVICES AND UTILITIES TO MEMBERS AND PATRONS LOCATED IN THE NORTHERN 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $17,214,871

Investment Income $69,604

Other Revenue $143,045

TOTAL REVENUE $17,427,520

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,074,111

Fundraising Expenses $0

Program Expenses $14,994,259

Other Expenses $15,741,306

TOTAL EXPENSES $17,427,520

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,427,520	$16,811,744	+0.0%
Expenses	$17,427,520	$16,811,744	+0.0%
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

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

$325,371

Total Directors

$60,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM TAYLOR	PRESIDENT	2.46	Officer Director	$11,200	$0	$11,200
TERRY TATSEY	VICE PRESIDENT	0.92	Officer Director	$5,250	$0	$5,250
ROD CLINE	SEC/TREASURER	1.19	Officer Director	$7,400	$0	$7,400
DARROL BERKRAM	TRUSTEE	1.89	Director	$9,850	$0	$9,850
FRANK AUGARE JR	TRUSTEE	0.38	Director	$2,800	$0	$2,800
ZITA BREMNER	TRUSTEE	1.54	Director	$6,650	$0	$6,650
COLLEEN GUSTAFSON	TRUSTEE	1.37	Director	$6,000	$0	$6,000
MILES LEWIS	TRUSTEE	1.48	Director	$5,600	$0	$5,600
WALTER BARRY	TRUSTEE	1.43	Director	$5,850	$0	$5,850
HUGO ANDERSON	MANAGER	40.00	Officer	$199,991	$101,530	$301,521
MICHAEL PYETTE	OPERATIONS MANAGER	40.00	Highest	$146,688	$30,761	$177,449
ERIN NELSON	MANAGER OF FINANCE AND ADM	40.00	Highest	$111,912	$68,261	$180,173
WALTER SHARP	LINE FOREMAN	40.00	Highest	$125,619	$57,864	$183,483
MICHAEL FUGLE	JOURNEYMAN LINEMAN	40.00	Highest	$113,954	$63,059	$177,013
LES COSTEL JR	JOURNEYMAN LINEMAN	40.00	Highest	$121,599	$63,139	$184,738

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	$17,427,520	$17,427,520	$41,855,907	No data
2023	$16,811,744	$16,811,744	$41,969,865	No data
2022	$17,130,621	$17,130,621	$41,135,216	No data
2021	$16,181,346	$16,181,346	$41,325,088	No data
2020	$16,273,219	$16,273,219	$41,804,765	No data
2019	$16,637,927	$16,637,927	$42,409,169	No data
2018	$16,374,250	$16,374,250	$42,560,882	No data