POWDER RIVER ENERGY CORPORATION (EIN 830162161) - 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

1945

Legal Domicile

Principal Officer

ABBY A OLSON

Phone

3072833531

Tax Period

2024-01-01 to 2024-12-31

POWDER RIVER ENERGY CORPORATION, founded in 1945, is a major nonprofit that reported $176.2M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

DISTRIBUTES ELECTRIC SERVICE TO RURAL CUSTOMERS IN NORTHEAST WYOMING AND SOUTHEASTERN MONTANA.

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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 $174,134,968

Investment Income $2,086,552

Other Revenue $2,753

TOTAL REVENUE $176,224,273

Expense Breakdown

Grants Paid $196,426

Salaries & Benefits $18,046,768

Fundraising Expenses $0

Other Expenses $148,257,404

TOTAL EXPENSES $176,224,273

Year-over-Year Comparison

	2024	2023	Change
Revenue	$176,224,273	$189,443,702	-0.1%
Expenses	$176,224,273	$189,443,702	-0.1%
Net Income	$0	$0	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

140

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

$981,990

Total Directors

$83,518

Key Employees

$530,128

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL HALL HELVEY	DIRECTOR	2.00	Director	$4,850	$32	$4,882
PAUL BAKER II	DIRECTOR	2.00	Director	$5,600	$32	$5,632
MIKE LOHSE	DIRECTOR	10.00	Director	$8,380	$32	$8,412
TYRELL MILLER	DIRECTOR	5.00	Director	$11,650	$32	$11,682
CLAY BRANSCOM	DIRECTOR	12.00	Director	$10,000	$32	$10,032
JAMES BAUMGARTNER	DIRECTOR	4.00	Director	$8,000	$32	$8,032
TYLER PIRTZ	DIRECTOR	6.00	Director	$1,200	$0	$1,200
DUSTIN MARTINSON	DIRECTOR (LEFT 05/2024)	5.00	Director	$800	$0	$800
JAMES PURDY	PRESIDENT	10.00	Officer Director	$14,150	$32	$14,182
GERALD GEIS	SECRETARY/TREASURER	10.00	Officer Director	$10,050	$32	$10,082
PHILIP HABECK	VICE PRESIDENT	5.00	Officer Director	$8,550	$32	$8,582
ABBY OLSON-MGR OF TREAS TO	10/24);INTERIM VP OF FIN (EFF 10/24)	42.00	Officer	$125,009	$54,493	$179,502
BRIAN MILLS	CHIEF EXECUTIVE OFFICER	50.00	Officer	$282,202	$130,804	$413,006
WILLIAM MERTZ-CFAO TO 102024	DIR OF PRECORP SERV (EFF 10/2024)	53.00	Officer	$250,303	$106,333	$356,636
QUENTIN ROGERS	VICE PRESIDENT OF ENG. & TECH SRV	53.00	Key Emp	$191,650	$88,102	$279,752
RICHARD HALLORAN	VP OF SYSTEM OPERATIONS	45.00	Key Emp	$167,246	$83,130	$250,376
MICHAEL BINGHAM	DISTRICT FOREMAN	51.00	Highest	$182,848	$57,877	$240,725
WAYNE POLLAT	DISTRICT FOREMAN	52.00	Highest	$186,791	$51,430	$238,221
THOMAS MULLOY	DISTRICT FOREMAN	48.00	Highest	$169,467	$57,433	$226,900
KENT HATLING	SERVICE FOREMAN	48.00	Highest	$167,527	$74,214	$241,741
TROY BIFULCO	VICE PRESIDENT OF TECH. & SVR	46.00	Highest	$165,347	$96,845	$262,192

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	$176,224,273	$176,224,273	$482,681,629	No data
2023	$189,443,702	$189,443,702	$498,355,432	No data
2022	$176,963,725	$176,963,725	$491,148,467	No data
2021	$160,024,088	$160,024,088	$476,284,680	No data
2020	$164,999,616	$164,999,616	$465,390,577	No data
2019	$184,204,500	$184,204,500	$470,472,182	No data
2018	$202,337,216	$202,337,216	$469,125,865	No data

POWDER RIVER ENERGY CORPORATION