WESTERN MONTANA ELECTRIC GENERATING & TRANSMISSION COOPERATIVE

EIN: 810393513

Cut Bank, MT

Total Revenue
$428,567
Total Expenses
$400,064
Total Assets
$90,777
Net Assets
$45,520
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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
1980
Legal Domicile
MT
Principal Officer
Erin Nelson
Phone
4068735566
Tax Period
2022-01-01 to 2022-12-31

WESTERN MONTANA ELECTRIC GENERATING & TRANSMISSION COOPERATIVE, founded in 1980, is a small nonprofit that reported $429K in total revenue in fiscal year 2022. Expenses of $400K left a modest 7% surplus.

Mission

Western Montana Electric Generating and Transmission Cooperative, Inc. (the Cooperative) was formed to assist its members in obtaining low cost, reliable supplies of electric energy for resale to rural customers in western Montana. It promotes the interests of its members.

Program Service Accomplishments

Program 1
Expenses: $401,238 Revenue: $428,567

Representing the interests of the members in obtaining low cost, reliable power supply.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $427,716
Investment Income $851
Other Revenue $0
TOTAL REVENUE $428,567

Expense Breakdown

Grants Paid $0
Salaries & Benefits $384,148
Fundraising Expenses $0
Program Expenses $401,238
Other Expenses $15,916
TOTAL EXPENSES $400,064

Year-over-Year Comparison

2022 2021 Change
Revenue $428,567 $442,785 0.0%
Expenses $400,064 $421,100 0.0%
Net Income $28,503 $21,685 +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

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
2
Independent Members
2
Employees
1
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
0
$0
Total Directors
0
$0
Key Employees
1
$267,911
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joe Lukas General Manager 40
Key Emp
$243,293 $24,618 $267,911
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
2022 $428,567 $400,064 $90,777 $28,503
2021 $442,785 $421,100 $64,648 $21,685
2020 $433,190 $415,853 $43,174 $17,337
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