KOOTENAI ELECTRIC COOPERATIVE INC (EIN 820136983) - 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

1938

Legal Domicile

Principal Officer

DOUGLAS ELLIOTT

Phone

2087651200

Tax Period

2024-01-01 to 2024-12-31

KOOTENAI ELECTRIC COOPERATIVE INC, founded in 1938, is a mid-sized nonprofit that reported $73.8M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $70.6M left a modest 4% surplus.

Mission

PROVIDE MEMBER-OWNERS DEPENDABLE ELECTRIC POWER AND EXCEPTIONAL SERVICE AT COMPETITIVE RATES.

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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 $70,583,668

Investment Income $348,789

Other Revenue $2,823,649

TOTAL REVENUE $73,756,106

Expense Breakdown

Grants Paid $21,122

Salaries & Benefits $19,148,072

Fundraising Expenses $0

Other Expenses $50,319,144

TOTAL EXPENSES $70,601,404

Year-over-Year Comparison

	2024	2023	Change
Revenue	$73,756,106	$64,683,289	+0.1%
Expenses	$70,601,404	$67,485,189	+0.0%
Net Income	$3,154,702	$-2,801,900	-2.1%

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

128

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

$990,036

Total Directors

$397,328

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM SWICK	CHAIRPERSON	10.60	Officer Director	$35,384	$0	$35,384
TIM MEYER	VICE CHAIRPERSON	12.70	Officer Director	$29,084	$0	$29,084
ROGER TINKEY	SECRETARY	7.00	Officer Director	$30,309	$0	$30,309
DAVID BOBBITT	DIRECTOR	14.70	Director	$196,236	$12,413	$208,649
JAMES ROBBINS	DIRECTOR	14.00	Director	$35,734	$0	$35,734
TODD HOFFMAN	DIRECTOR	6.00	Director	$4,509	$23,000	$27,509
CRYSTAL MUSSELMAN	DIRECTOR	5.00	Director	$7,659	$23,000	$30,659
DOUGLAS ELLIOTT	GENERAL MANAGER/CEO	50.00	Officer	$337,655	$263,964	$601,619
REED CHRISTENSEN	COO/CFO	43.00	Officer	$217,650	$75,990	$293,640
SCOTT DAVIS	VP ENGINEERING & TECHNICAL SERVICES	48.00	Highest	$198,094	$90,897	$288,991
KEITH GEDNALSKE	FOREMAN	46.00	Highest	$211,084	$132,813	$343,897
JULIE TURBIN	VP OPS & OPS SERVICES	42.00	Highest	$191,769	$223,108	$414,877
RYAN VANDEWERKER	ELECTROTECH	45.00	Highest	$210,235	$55,789	$266,024
BENJAMIN COOK	LEAD LINEMAN	44.00	Highest	$194,021	$68,567	$262,588

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	$73,756,106	$70,601,404	$305,467,743	$3,154,702
2023	$64,683,289	$67,485,189	$285,698,490	$-2,801,900
2022	$60,097,457	$62,113,343	$242,059,488	$-2,015,886
2021	$58,518,255	$54,524,287	$200,587,122	$3,993,968
2020	$53,584,224	$51,112,037	$191,646,119	$2,472,187
2019	$49,767,766	$49,767,766	$185,141,980	No data
2018	$47,195,663	$47,195,663	$173,489,910	No data

KOOTENAI ELECTRIC COOPERATIVE INC