HIGHLINE ELECTRIC ASSOCIATION (EIN 840226805) - 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

DENNIS HERMAN

Phone

9708542236

Tax Period

2024-01-01 to 2024-12-31

HIGHLINE ELECTRIC ASSOCIATION, founded in 1938, is a mid-sized nonprofit that reported $61.2M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO THE MEMBERS AT THE BEST COST AND CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.

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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 $60,827,860

Investment Income $306,111

Other Revenue $19,746

TOTAL REVENUE $61,153,717

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,905,723

Fundraising Expenses $0

Other Expenses $49,594,696

TOTAL EXPENSES $61,153,717

Year-over-Year Comparison

	2024	2023	Change
Revenue	$61,153,717	$51,384,286	+0.2%
Expenses	$61,153,717	$51,384,286	+0.2%
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

$840,286

Total Directors

$283,214

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS HERMAN	CEO	45.10	Officer	$291,803	$191,255	$483,058
RANCE FERGUSON	OPERATIONS MANAGER	40.20	Highest	$178,107	$112,183	$290,290
JIM JACKSON	CFO	41.50	Officer	$197,229	$49,278	$246,507
ALEX ASTLEY	ENGINEERING MANAGER	40.30	Highest	$180,210	$36,706	$216,916
KRIS CAMBLIN	DISTRICT SUPERIDENT	45.10	Highest	$148,650	$64,043	$212,693
TAD HUSER	MEMBER SERVICES MANAGER	40.40	Highest	$145,391	$41,961	$187,352
JAMES ZIEBARTH	SYSTEM ENGINEER	42.30	Highest	$151,542	$34,720	$186,262
MERLIN PRIOR	SECRETARY	4.10	Officer Director	$30,312	$0	$30,312
LISA SCHILKE	DIRECTOR	4.20	Director	$30,110	$0	$30,110
JIM LUECK	VICE-PRESIDENT	5.20	Officer Director	$29,514	$0	$29,514
PAM STIEB	TREASURER	2.90	Officer Director	$25,583	$0	$25,583
MICHAEL BENNETT	PRESIDENT	1.90	Officer Director	$25,312	$0	$25,312
DAVID CARLSON	DIRECTOR	2.40	Director	$24,066	$0	$24,066
LEO BREKEL	DIRECTOR	2.60	Director	$23,868	$0	$23,868
TEDDY CARTER	DIRECTOR	1.60	Director	$23,775	$0	$23,775
STEVE OESTMAN	DIRECTOR	4.00	Director	$23,739	$0	$23,739
BRAD STROMBERGER	DIRECTOR	2.50	Director	$23,732	$0	$23,732
AARON SPRAGUE	DIRECTOR	1.60	Director	$23,203	$0	$23,203

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	$61,153,717	$61,153,717	$135,439,488	No data
2023	$51,384,286	$51,384,286	$127,444,029	No data
2022	$56,129,232	$56,129,232	$128,462,738	No data
2021	$52,509,823	$52,509,823	$120,404,773	No data
2020	$53,956,011	$53,943,316	$125,182,846	$12,695

HIGHLINE ELECTRIC ASSOCIATION