GUNNISON COUNTY ELECTRIC ASSOCIATION INC (EIN 840219342) - 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

MICHAEL MCBRIDE

Tax Period

2023-01-01 to 2023-12-31

GUNNISON COUNTY ELECTRIC ASSOCIATION INC, founded in 1938, is a mid-sized nonprofit that reported $21.7M in total revenue in fiscal year 2023.

Mission

OUR MISSION: SERVING MEMBERS BY PROVIDING SAFE, RELIABLE ENERGY WITH A STRONG COOPERATIVE TRADITION AND VISION FOR THE FUTURE. OUR VISION: COMMITTED TO BECOMING OUR COMMUNITYS MOST VALUED AND TRUSTED RESOURCE.

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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 $21,067

Program Service Revenue $21,322,069

Investment Income $371,598

Other Revenue $19,253

TOTAL REVENUE $21,733,987

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,759,616

Fundraising Expenses $0

Other Expenses $14,637,036

TOTAL EXPENSES $21,699,154

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,733,987	$20,798,954	+0.0%
Expenses	$21,699,154	$20,875,599	+0.0%
Net Income	$34,833	$-76,645	-1.5%

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

$1,158,828

Total Directors

$119,325

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MCBRIDE	CEO	44.19	Officer	$283,679	$158,389	$442,068
JOHN STOEBER	COO	43.10	Officer	$177,495	$113,550	$291,045
PAULA MACLENNAN	CFO JAN 15TH - MAY 15TH	46.06	Officer	$128,275	$72,505	$200,780
JEFF HANGGI	WORKING FOREMAN	44.07	Highest	$147,216	$52,500	$199,716
TODD FULLER	LINE SUPERINTENDENT	41.14	Highest	$126,110	$60,551	$186,661
MATT FEIER	STRATEGY EXECUTION SPECIALIST	40.28	Highest	$130,165	$49,365	$179,530
DUSTIN CADWELL	WORKING FOREMAN	43.68	Highest	$139,290	$34,111	$173,401
SHANE MCGUINNESS	SYSTEM ADMINISTRATOR	40.20	Highest	$132,462	$30,935	$163,397
MARK VAN DER VEER	CFO MAY 16th - DEC 31st	44.21	Officer	$115,624	$21,611	$137,235
TOM CARL	PRESIDENTJAN-JULYDIRECTOR	9.27	Officer Director	$19,525	$0	$19,525
MICHELLE LEHMANN	VICE PRESIDENTJAN-JULPRESI	6.78	Officer Director	$19,450	$0	$19,450
POLLY OBEROSLER	DIRECTOR	6.25	Director	$18,600	$0	$18,600
DARCIE PERKINS	DIRECTORJAN-JULASST SEC-TR	7.71	Officer Director	$18,500	$0	$18,500
MORGAN WEINBERG	ASST SECR-TREASJAN-JULSECR	4.65	Officer Director	$15,700	$0	$15,700
GREG WIGGINS	SECR-TREASJAN-JULVICE PRES	4.51	Officer Director	$14,525	$0	$14,525
MARK DAILY	DIRECTOR	5.77	Director	$13,025	$0	$13,025

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	No data	No data	No data	No data
2023	$21,733,987	$21,699,154	$52,725,252	$34,833
2022	$20,798,954	$20,875,599	$51,163,872	$-76,645
2021	$20,972,326	$20,100,909	$50,492,281	$871,417
2020	$19,698,376	$19,732,986	$50,601,411	$-34,610
2019	$20,218,569	$20,150,894	$50,070,896	$67,675
2018	$19,205,719	$19,155,444	$51,121,179	$50,275

GUNNISON COUNTY ELECTRIC ASSOCIATION INC