MARIAS RIVER ELECTRIC COOPERATIVE INC (EIN 810218128) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1945

Legal Domicile

Principal Officer

MERLE RAPH

Phone

4064345575

Tax Period

2025-01-01 to 2025-12-31

MARIAS RIVER ELECTRIC COOPERATIVE INC, founded in 1945, is a community nonprofit in the Public & Societal Benefit sector that reported $8.7M in total revenue in fiscal year 2025.

Mission

PROVIDE ELECTRICAL POWER TO RURAL NORTHERN MONTANA

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $8,160,111

Investment Income $29,342

Other Revenue $549,907

TOTAL REVENUE $8,739,360

Expense Breakdown

Grants Paid $0

Salaries & Benefits $423,010

Fundraising Expenses $0

Program Expenses $7,393,177

Other Expenses $7,348,817

TOTAL EXPENSES $8,739,360

Year-over-Year Comparison

	2025	2024	Change
Revenue	$8,739,360	$8,392,138	+0.0%
Expenses	$8,739,360	$8,392,138	+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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$253,932

Total Directors

$49,708

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MERLE RAPH	PRESIDENT	3.43	Officer Director	$10,239	$0	$10,239
ADRIAN HAWKS	VICE PRESIDENT	0.88	Officer Director	$3,746	$0	$3,746
JOE SISK	SECRETARY/TREASURER	1.90	Officer Director	$7,670	$0	$7,670
MEL FRETHEIM	TRUSTEE	1.85	Director	$6,406	$0	$6,406
TERRY PETERS	TRUSTEE	1.30	Director	$5,245	$0	$5,245
DAN GLIKO	TRUSTEE	0.90	Director	$3,359	$0	$3,359
SHANNON DUNK	TRUSTEE	1.13	Director	$4,303	$0	$4,303
SHANNON MCALLISTER	TRUSTEE	0.90	Director	$3,608	$0	$3,608
RENAE MANLEY	TRUSTEE	1.63	Director	$5,132	$0	$5,132
SHANE CLARK	MANAGER	40.00	Officer	$154,214	$78,063	$232,277
RYAN AUSTIN	OPERATIONS SUPERINTENDENT	40.00	Highest	$128,572	$70,581	$199,153
JUSTIN NELSON	FOREMAN	40.00	Highest	$127,746	$40,848	$168,594
CORY LAMB	MAPPING TECH/JOURNEYMAN	40.00	Highest	$114,372	$39,015	$153,387
DEREK DOANE	JOURNEYMAN LINEMAN	40.00	Highest	$112,419	$38,650	$151,069
ALEX HELGESON	JOURNEYMAN LINEMAN	40.00	Highest	$118,001	$38,424	$156,425

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	$8,739,360	$8,739,360	$22,203,575	No data
2024	No data	No data	No data	No data
2023	$7,768,073	$7,810,406	$21,285,494	$-42,333
2022	$8,248,115	$8,168,680	$20,281,608	$79,435
2021	$7,549,069	$7,182,055	$18,173,914	$367,014
2020	$7,675,261	$7,189,373	$17,640,891	$485,888
2019	$7,608,786	$7,546,489	$15,697,407	$62,297
2018	$7,882,663	$7,583,681	$14,868,496	$298,982

MARIAS RIVER ELECTRIC COOPERATIVE INC