Mandan, ND
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)North Dakota Rural Electric Cooperatives Foundation, founded in 2018, is a small nonprofit in the Human Services sector that reported $235K in total revenue in fiscal year 2024. Revenue surged 88% from the prior year, signaling strong growth momentum. Expenses of $269K exceeded revenue, resulting in a 15% operating deficit.
North Dakota Rural Electric Cooperatives Foundation's exempt purpose is to advance the quality of life for people living in rural and frontier areas of North Dakota by providing education, research, and other tools to unincorporated associations, cooperatives, and nonprofit organizations which enable these organizations to provide essential services to rural people, especially the elderly, the poor, and the distressed, as well as Native Americans and other minority populations.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $234,848 | $124,695 | +0.9% |
| Expenses | $269,047 | $109,230 | +1.5% |
| Net Income | $-34,199 | $15,465 | -3.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Robert Grant | President | 0.80 |
Officer
Director
|
$0 | $0 | $0 |
| Mark Doyle | Vice-President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Connie Bitz | Secretary | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| Jerry King | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Joel Brandvold | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Maxine Rognlien | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Jennifer Wade | Director | 0.50 |
Director
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$0 | $0 | $0 |
| Randy Simon | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Darcy Klain | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $234,848 | $269,047 | $18,484 | $-34,199 |
Compare North Dakota Rural Electric Cooperatives Foundation with other nonprofits in North Dakota and across the country.