NESPELEM VALLEY ELECTRIC COOPERATIVE INC (EIN 910334493) - 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

1940

Legal Domicile

Phone

5096344571

Tax Period

2023-01-01 to 2023-12-31

NESPELEM VALLEY ELECTRIC COOPERATIVE INC, founded in 1940, is a community nonprofit that reported $6.0M in total revenue in fiscal year 2023.

Mission

TO PROVIDE ALL OUR MEMBERS WITH AFFORDABLE, RELIABLE POWER AND THE HIGHEST LEVEL OF MEMBER 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,703,099

Investment Income $217,225

Other Revenue $32,021

TOTAL REVENUE $5,952,345

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,713,106

Fundraising Expenses $0

Other Expenses $3,271,858

TOTAL EXPENSES $5,952,345

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,952,345	$5,627,285	+0.1%
Expenses	$5,952,345	$5,627,285	+0.1%
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

$269,656

Total Directors

$41,848

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN BLACK	GENERAL MANAGER	40.00	Officer	$145,751	$110,413	$256,164
SCOTT VEJRASKA	JOURNEYMAN SUPER	40.00		$145,639	$88,514	$234,153
URIAH PALMANTEER	JOURNEYMAN FOREMAN	40.00		$126,186	$82,922	$209,108
CODY PAYNE	LINEMAN	40.00		$124,142	$56,410	$180,552
DALTON BOUTAIN	Lineman	40.00		$116,165	$62,076	$178,241
MATHEW HOWE	LINEMAN	40.00		$122,398	$55,713	$178,111
JUDD MCCORMACK	Trustee	1.00	Director	$7,175	$0	$7,175
RALPH RISE	President	1.00	Officer Director	$5,442	$0	$5,442
CINDY CORPE	Trustee	1.00	Director	$4,725	$0	$4,725
KELLY KNAPP	Trustee	1.00	Director	$4,725	$0	$4,725
STEPHANIE PALMER	Trustee	1.00	Director	$4,725	$0	$4,725
MONTE JOSEPH	Secretary-TREAS	1.00	Officer Director	$4,025	$0	$4,025
BRAD DUDLEY	Trustee	1.00	Director	$4,025	$0	$4,025
CHUCK GOLDMARK	Vice President	1.00	Officer Director	$4,025	$0	$4,025
PATRICK MORIN	Trustee	1.00	Director	$2,981	$0	$2,981

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	$5,952,345	$5,952,345	$10,046,364	No data
2022	$5,627,285	$5,627,285	$12,184,671	No data
2021	$5,679,093	$5,679,093	$12,532,572	No data
2020	$4,988,157	$4,988,157	$11,649,921	No data
2019	$5,020,848	$5,020,848	$8,811,329	No data
2018	$5,098,397	$5,098,397	$8,996,143	No data

NESPELEM VALLEY ELECTRIC COOPERATIVE INC