CONTINENTAL DIVIDE ELECTRIC COOPERATIVE INC (EIN 850094829) - 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

ROBERT CASTILLO

Phone

5052856656

Tax Period

2023-01-01 to 2023-12-31

CONTINENTAL DIVIDE ELECTRIC COOPERATIVE INC, founded in 1945, is a mid-sized nonprofit that reported $69.6M in total revenue in fiscal year 2023.

Mission

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE.

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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 $0

Program Service Revenue $67,280,575

Investment Income $437,658

Other Revenue $1,851,809

TOTAL REVENUE $69,570,042

Expense Breakdown

Grants Paid $13,664

Salaries & Benefits $8,261,621

Fundraising Expenses $0

Other Expenses $57,532,012

TOTAL EXPENSES $68,268,909

Year-over-Year Comparison

	2023	2022	Change
Revenue	$69,570,042	$65,112,432	+0.1%
Expenses	$68,268,909	$64,114,888	+0.1%
Net Income	$1,301,133	$997,544	+0.3%

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

101

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

$750,841

Total Directors

$121,340

Key Employees

$224,751

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL CHAMBERS	TRUSTEE	6.30	Director	$17,705	$0	$17,705
BLANCHE CLAWSON	TRUSTEE	5.40	Director	$15,112	$0	$15,112
KEITH GOTTLIEB	PRESIDENT	8.60	Officer Director	$24,181	$0	$24,181
JOE HOSKINS	SECRETARY/TREASURER	5.40	Officer Director	$15,115	$0	$15,115
WES MALCOLM	TRUSTEE	6.20	Director	$17,272	$0	$17,272
LLOYD ORTEGA	TRUSTEE	5.50	Director	$15,546	$0	$15,546
CLAUDIO ROMERO	VICE PRESIDENT	2.20	Officer Director	$6,046	$0	$6,046
ALFRED SAAVEDRA	TRUSTEE	3.70	Director	$10,363	$0	$10,363
ROBERT CASTILLO	GENERAL MANAGER & CEO	70.00	Officer	$438,575	$63,264	$501,839
VERONICA BARELA	CFO	50.00	Officer	$160,876	$42,784	$203,660
ANGELA EVANS	OPERATIONS MANAGER	50.00	Key Emp	$175,209	$49,542	$224,751
ELMER RODARTE	LINE FOREMAN	40.00	Highest	$147,184	$18,337	$165,521
DONNA VENABLE	MANAGER OF RATES	40.00	Highest	$147,686	$42,971	$190,657
THOMAS BURKE	JOURNEYMAN	40.00	Highest	$147,663	$27,479	$175,142
LEE MAESTAS	ENGINEERING MANAGER	45.00	Highest	$146,595	$74,609	$221,204
DAVID MILLER	LINE SUPERINTENDENT	55.00	Highest	$143,768	$6,740	$150,508

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	$69,570,042	$68,268,909	$178,320,530	$1,301,133
2022	$65,112,432	$64,114,888	$162,478,947	$997,544
2021	$62,421,523	$62,543,816	$145,895,673	$-122,293
2020	$61,597,021	$61,988,655	$123,305,364	$-391,634
2019	$66,118,965	$66,546,843	$115,276,697	$-427,878
2018	$65,307,250	$65,340,353	$101,510,985	$-33,103

CONTINENTAL DIVIDE ELECTRIC COOPERATIVE INC