UPPER MISSOURI G&T ELECTRIC COOPERATIVE INC

EIN: 810285379

SIDNEY, MT

Total Revenue
$906,436,417
Total Expenses
$906,436,417
Total Assets
$537,325,401
Net Assets
$455,746,912
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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
1950
Legal Domicile
MT
Principal Officer
JEREMY MAHOWALD
Phone
4064334100
Tax Period
2024-01-01 to 2024-12-31

UPPER MISSOURI G&T ELECTRIC COOPERATIVE INC, founded in 1950, is a major nonprofit that reported $906.4M in total revenue in fiscal year 2024.

Mission

TO PROVIDE THE MEMBER SYSTEMS WITH POWER SUPPLY AND RELATED SERVICES TO MEET THE NEEDS OF THEIR MEMBER CONSUMERS.

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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 $906,097,472
Investment Income $338,945
Other Revenue $0
TOTAL REVENUE $906,436,417

Expense Breakdown

Grants Paid $0
Salaries & Benefits $948,382
Fundraising Expenses $0
Other Expenses $860,069,110
TOTAL EXPENSES $906,436,417

Year-over-Year Comparison

2024 2023 Change
Revenue $906,436,417 $856,251,798 +0.1%
Expenses $906,436,417 $856,251,798 +0.1%
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
11
Independent Members
11
Employees
8
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
6
$688,978
Total Directors
11
$186,036
Key Employees
1
$226,913
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BLAINE JORGENSON PRESIDENT 12.40
Officer Director
$25,491 $0 $25,491
ALLEN THIESSEN VICE-PRESIDENT 9.90
Officer Director
$12,716 $0 $12,716
ALBERT PAUL SECRETARY 6.80
Officer Director
$15,428 $0 $15,428
ANTHONY LARSON TREASURER 14.60
Officer Director
$24,797 $0 $24,797
DAVID SIGLOH DIRECTOR 10.40
Director
$27,862 $0 $27,862
KURT VOSS MAY-DEC DIRECTOR 4.30
Director
$7,948 $0 $7,948
PATTI MURPHY JAN-APR DIRECTOR 7.60
Director
$4,608 $0 $4,608
GREG SECKLER DIRECTOR 7.90
Director
$16,692 $0 $16,692
DALE SCHWEIGERT DIRECTOR 6.20
Director
$12,498 $0 $12,498
JOE SCHIFFER DIRECTOR 7.00
Director
$25,909 $0 $25,909
CAMERON WAHLSTROM DIRECTOR 7.60
Director
$12,087 $0 $12,087
JEREMY MAHOWALD GENERAL MANAGER 52.10
Officer
$266,765 $178,913 $445,678
JUSTIN BOYER CONTROLLER 47.60
Officer
$118,605 $46,263 $164,868
BRENT HANSON CHIEF OPERATING OFFICER 43.40
Key Emp
$182,125 $44,788 $226,913
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 $906,436,417 $906,436,417 $537,325,401 No data
2023 $856,251,798 $856,251,798 $495,162,642 No data
2022 $724,957,040 $724,957,040 $433,555,708 No data
2021 $649,145,791 $649,145,791 $346,340,988 No data
2020 $637,652,492 $637,652,492 $334,768,198 No data
2019 $648,547,503 $648,547,503 $311,802,744 No data
2018 $626,821,769 $626,821,769 $283,583,299 No data
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