INTERMOUNTAIN POWER SALARIED VEBA

EIN: 850834742 Mutual Benefit

DES MOINES, IA

Total Revenue
$-217,099
Total Expenses
$1,496,784
Total Assets
$13,474,936
Net Assets
$13,474,936
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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
2020
Legal Domicile
UT
Phone
6025620883
Tax Period
2023-07-01 to 2024-06-30

INTERMOUNTAIN POWER SALARIED VEBA, founded in 2020, is a micro nonprofit in the Mutual Benefit sector that reported $217K in total revenue in fiscal year 2023. Revenue fell 159% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE MEDICAL, DENTAL, AND LIFE INSURANCE BENEFITS OF EMPLOYEES OR FORMER EMPLOYEES OF THE INTERMOUNTAIN POWER SERVICE CORPORATION

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $135,838
Investment Income $-355,701
Other Revenue $2,764
TOTAL REVENUE $-217,099

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,930
Fundraising Expenses $0
Other Expenses $55,047
TOTAL EXPENSES $1,496,784

Year-over-Year Comparison

2023 2022 Change
Revenue $-217,099 $369,288 -1.6%
Expenses $1,496,784 $1,600,095 -0.1%
Net Income $-1,713,883 $-1,230,807 +0.4%
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

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Governance

Voting Members
1
Independent Members
N/A
Employees
N/A
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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PRINCIPAL BANK - PCS TAX TRUSTEE 1.0
$11,930 $0 $11,930
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 $-217,099 $1,496,784 $13,474,936 $-1,713,883
2023 $369,288 $1,600,095 $15,193,602 $-1,230,807
2022 $3,238,158 $1,638,213 $16,516,041 $1,599,945
2021 $1,038,429 $1,272,195 $14,796,637 $-233,766
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