CLEARWATER POWER COMPANY (EIN 820108745) - 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

1937

Legal Domicile

Principal Officer

K DAVID HAGEN

Phone

2087431501

Tax Period

2023-01-01 to 2023-12-31

CLEARWATER POWER COMPANY, founded in 1937, is a mid-sized nonprofit that reported $24.2M in total revenue in fiscal year 2023.

Mission

Clearwater Power Company's mission is to provide its cooperative members/consumers with safe, reliable, cost-based energy and related services. The cooperative's significant activity is to provide electric power distribution to its members.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $23,990,650

Investment Income $173,480

Other Revenue $30,281

TOTAL REVENUE $24,194,411

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,518,719

Fundraising Expenses $0

Other Expenses $13,336,324

TOTAL EXPENSES $24,194,411

Year-over-Year Comparison

	2023	2022	Change
Revenue	$24,194,411	$24,119,097	+0.0%
Expenses	$24,194,411	$24,119,097	+0.0%
Net Income	$0	N/A	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

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

$778,821

Total Directors

$169,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
K DAVID HAGEN	CEO/GENERAL MGR	55.00	Officer	$307,230	$107,053	$414,283
BOB PIERCE	COO	48.00		$191,436	$168,528	$359,964
CLIFFORD MILLER	FOREMAN	47.00		$179,625	$104,026	$283,651
LORRIE MCCABE	CFO	45.00	Officer	$180,182	$85,506	$265,688
JOHN STANTON	FOREMAN	46.00		$175,613	$65,416	$241,029
MATTHEW MOORE	FOREMAN	45.00		$169,917	$59,358	$229,275
TYLER FORSMANN	LINEMAN	49.00		$179,637	$38,831	$218,468
CLINT FOWLER	SERVICEMAN	47.00		$170,940	$46,852	$217,792
JON LEMAN	CHIEF ENGINEERING & TECH OFFICER	43.00		$159,152	$42,997	$202,149
THOMAS W HUTCHINSON	President	8.00	Officer Director	$27,150	$0	$28,400
KEN WEISS	Director	8.00	Director	$25,400	$0	$25,400
JEFFERY COPELAND	ASST SEC/TREAS	9.00	Officer Director	$24,650	$0	$24,650
PAUL ANDERSON	Director	8.00	Director	$23,650	$0	$23,650
RICHARD EUGENE BUTLER	Vice President	4.00	Officer Director	$21,900	$0	$22,900
ALAN C LANSING	SEC/TREAS	4.00	Officer Director	$21,650	$0	$22,900
ROBERT CALLISON	Director	3.00	Director	$21,400	$0	$21,400

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$24,194,411	$24,194,411	$77,477,432	No data
2022	$24,119,097	$24,119,097	$72,510,101	No data
2021	$22,901,146	$22,901,146	$71,941,349	No data
2020	$22,206,161	$22,206,161	$71,949,091	No data
2019	$21,567,318	$21,567,318	$70,405,307	No data
2018	$20,616,941	$20,616,941	$68,758,955	No data

CLEARWATER POWER COMPANY