CENTRAL MONTANA ELECTRIC POWER COOPERATIVE INC (EIN 810352132) - 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

1960

Legal Domicile

Principal Officer

DOUG HARDY

Phone

4062681211

Tax Period

2024-01-01 to 2024-12-31

CENTRAL MONTANA ELECTRIC POWER COOPERATIVE INC, founded in 1960, is a mid-sized nonprofit that reported $59.0M in total revenue in fiscal year 2024. Revenue surged 623% from the prior year, signaling strong growth momentum. Expenses of $53.6M left a modest 9% surplus.

Mission

TO PROVIDE WHOLESALE POWER TO 8 RURAL ELECTRIC COOPERATIVES.

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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 $54,948,417

Investment Income $330,793

Other Revenue $3,759,949

TOTAL REVENUE $59,039,159

Expense Breakdown

Grants Paid $0

Salaries & Benefits $556,259

Fundraising Expenses $0

Program Expenses $53,459,944

Other Expenses $53,056,333

TOTAL EXPENSES $53,612,592

Year-over-Year Comparison

	2024	2023	Change
Revenue	$59,039,159	$8,167,499	+6.2%
Expenses	$53,612,592	$1,257,303	+41.6%
Net Income	$5,426,567	$6,910,196	-0.2%

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

$657,600

Total Directors

$33,225

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUSSELL BLOOM	PRESIDENT	1.90	Officer Director	$10,725	$0	$10,725
ALAN JOHNSTONE	VICE PRESIDENT	1.90	Officer Director	$3,600	$0	$3,600
DAN SWARTZ	SECRETARY/TREASURER	1.90	Officer Director	$2,400	$0	$2,400
PATTY QUISNO	TRUSTEE	1.90	Director	$3,600	$0	$3,600
DAN GLIKO	TRUSTEE	1.90	Director	$3,600	$0	$3,600
RUTH HINNALAND	TRUSTEE	1.90	Director	$3,900	$0	$3,900
SHANE BARRETT	TRUSTEE	1.90	Director	$2,100	$0	$2,100
RON REDDIG	TRUSTEE	1.90	Director	$3,300	$0	$3,300
DOUG HARDY	GENERAL MANAGER	40.00	Officer	$483,296	$157,579	$640,875

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	$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

CENTRAL MONTANA ELECTRIC POWER COOPERATIVE INC