GLACIER ELECTRIC COOPERATIVE INC

EIN: 810218082

CUT BANK, MT

Total Revenue
$17,427,520
Total Expenses
$17,427,520
Total Assets
$41,855,907
Net Assets
$17,902,332
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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
MT
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

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%)

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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

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Governance

Voting Members
9
Independent Members
9
Employees
39
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
4
$325,371
Total Directors
9
$60,600
Key Employees
0
$0
Highest Compensated
5
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
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