TONGUE RIVER ELECTRIC COOPERATIVE INC (EIN 810225169) - 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

1946

Legal Domicile

Principal Officer

TARY HANSON

Phone

4067842341

Tax Period

2024-01-01 to 2024-12-31

TONGUE RIVER ELECTRIC COOPERATIVE INC, founded in 1946, is a mid-sized nonprofit that reported $13.8M in total revenue in fiscal year 2024. Expenses of $13.2M left a modest 4% surplus.

Mission

RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICITY AND SERVICES TO ITS MEMBERS LOCATED IN RURAL 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 $13,311,241

Investment Income $24,589

Other Revenue $460,120

TOTAL REVENUE $13,795,950

Expense Breakdown

Grants Paid $0

Salaries & Benefits $748,793

Fundraising Expenses $0

Other Expenses $12,156,602

TOTAL EXPENSES $13,181,645

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,795,950	$13,605,264	+0.0%
Expenses	$13,181,645	$12,931,205	+0.0%
Net Income	$614,305	$674,059	-0.1%

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

$432,278

Total Directors

$54,938

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEE DEE ISAACS	ASSISTANT SEC/TREAS	3.65	Director	$7,350	$0	$7,350
JIM COLLINS	PRESIDENT	7.40	Officer Director	$13,550	$0	$13,550
VICKY TUSLER	DIRECTOR	2.06	Director	$4,300	$0	$4,300
DIANA MCLEAN	NORTHERN CHEYENNE REPRESEN	2.04	Director	$4,388	$0	$4,388
GARY P HELM	SECRETARY TREASURER	2.62	Officer Director	$5,525	$0	$5,525
CRAIG RANDALL	DIRECTOR	1.58	Director	$3,900	$0	$3,900
RICHARD HAMILTON	DIRECTOR	2.08	Director	$4,550	$0	$4,550
ROBERT JANSSEN	DIRECTOR	2.02	Director	$5,525	$0	$5,525
FOREST DUNNING	VICE PRESIDENT	2.77	Officer Director	$5,850	$0	$5,850
TARY HANSON	GENERAL MANAGER	40.00	Officer	$160,668	$78,523	$239,191
BRIAN TORGERSON	CONTROLLER	40.00	Officer	$106,529	$61,633	$168,162
PAUL R STOLLENWERK	LINEMAN	40.00	Highest	$111,104	$0	$111,104
MILES P DENNIS	LINEMAN	40.00	Highest	$121,900	$0	$121,900
BRENT N HELM	LINEMAN	40.00	Highest	$120,940	$0	$120,940
GARY D BARTLETT	LINEMAN	40.00	Highest	$119,235	$0	$119,235
JEFFREY T RYAN	LINEMAN	40.00	Highest	$111,156	$0	$111,156

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	$13,795,950	$13,181,645	$38,881,109	$614,305
2023	$13,605,264	$12,931,205	$37,778,195	$674,059
2022	$14,153,845	$12,848,503	$37,523,189	$1,305,342
2021	$13,668,409	$14,368,449	$35,323,554	$-700,040
2020	$13,423,007	$12,436,870	$34,511,964	$986,137
2019	$13,225,737	$13,151,555	$33,104,424	$74,182
2018	$15,271,310	$12,568,857	$31,103,579	$2,702,453

TONGUE RIVER ELECTRIC COOPERATIVE INC