CENTRAL MONTANA ELECTRIC POWER COOPERATIVE INC

EIN: 810352132

GREAT FALLS, MT

Total Revenue
$61,364,686
Total Expenses
$57,383,200
Total Assets
$45,048,867
Net Assets
$40,581,875
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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
1960
Legal Domicile
MT
Principal Officer
JIM SANDS
Phone
4062681211
Tax Period
2025-01-01 to 2025-12-31

CENTRAL MONTANA ELECTRIC POWER COOPERATIVE INC, founded in 1960, is a mid-sized nonprofit that reported $61.4M in total revenue in fiscal year 2025. Expenses of $57.4M left a modest 6% surplus.

Mission

TO PROVIDE WHOLESALE POWER TO 8 RURAL ELECTRIC COOPERATIVES.

Program Service Accomplishments

Program 1
Expenses: $57,197,894

PROVIDING ELECTRIC POWER TO 8 RURAL ELECTRIC COOPERATIVES. TWO MEMBERS ARE NON-PURCHASING.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $58,346,228
Investment Income $274,092
Other Revenue $2,744,366
TOTAL REVENUE $61,364,686

Expense Breakdown

Grants Paid $0
Salaries & Benefits $118,698
Fundraising Expenses $0
Program Expenses $57,197,894
Other Expenses $57,264,502
TOTAL EXPENSES $57,383,200

Year-over-Year Comparison

2025 2024 Change
Revenue $61,364,686 $59,039,159 +0.0%
Expenses $57,383,200 $53,612,592 +0.1%
Net Income $3,981,486 $5,426,567 -0.3%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
2
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
5
$106,244
Total Directors
8
$41,975
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RUSSELL BLOOM PRESIDENT 1.90
Officer Director
$9,300 $0 $9,300
ALAN JOHNSTONE VICE PRESIDENT 1.90
Officer Director
$4,650 $0 $4,650
DAN SWARTZ SECRETARY/TREASURER 1.90
Officer Director
$5,300 $0 $5,300
PATTY QUISNO TRUSTEE 1.90
Director
$4,050 $0 $4,050
DAN GLIKO TRUSTEE 1.90
Director
$5,550 $0 $5,550
RUTH HINNALAND TRUSTEE 1.90
Director
$6,000 $0 $6,000
SHANE BARRETT TRUSTEE 1.90
Director
$5,025 $0 $5,025
RICK MOLVIG TRUSTEE 1.90
Director
$2,100 $0 $2,100
DOUG HARDY ENDED FEB GENERAL MANAGER 40.00
Officer
$48,024 $10,875 $58,899
JIM SANDS BEGAN DEC GENERAL MANAGER 40.00
Officer
$28,095 $0 $28,095
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 $61,364,686 $57,383,200 $45,048,867 $3,981,486
2024 $59,039,159 $53,612,592 $42,966,282 $5,426,567
2023 $8,167,499 $1,257,303 $39,911,695 $6,910,196
2022 $6,737,063 $1,164,855 $37,816,409 $5,572,208
2021 $5,377,701 $715,225 $33,521,856 $4,662,476
2020 $4,076,972 $683,407 $30,400,427 $3,393,565
2019 $8,034,231 $691,089 $28,919,967 $7,343,142
2018 $4,306,399 $728,187 $23,682,328 $3,578,212
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