IDAHO POWER COMPANY VOLUNTARY EMPLOYEES BENEFICIARY ASSOC (EIN 943123118) - 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

1990

Legal Domicile

Principal Officer

BRIAN BUCKHAM

Phone

2083886757

Tax Period

2023-01-01 to 2023-12-31

IDAHO POWER COMPANY VOLUNTARY EMPLOYEES BENEFICIARY ASSOC, founded in 1990, is a mid-sized nonprofit that reported $35.0M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $39.2M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE MEDICAL AND DENTAL BENEFITS TO IDAHO POWER COMPANY EMPLOYEES AND RETIRED EMPLOYEES (KEY EMPLOYEES EXCLUDED).

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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 $34,248,689

Investment Income $120,553

Other Revenue $674,784

TOTAL REVENUE $35,044,026

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,171

Fundraising Expenses $0

Program Expenses $39,170,356

Other Expenses $941,710

TOTAL EXPENSES $39,211,527

Year-over-Year Comparison

	2023	2022	Change
Revenue	$35,044,026	$28,545,659	+0.2%
Expenses	$39,211,527	$34,886,479	+0.1%
Net Income	$-4,167,501	$-6,340,820	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE	1.00		$41,171	$0	$41,171

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	$35,044,026	$39,211,527	$31,824,451	$-4,167,501
2022	$28,545,659	$34,886,479	$28,572,860	$-6,340,820
2021	$26,523,416	$33,311,474	$41,463,808	$-6,788,058
2020	$26,774,880	$30,329,871	$41,414,102	$-3,554,991
2019	$31,813,340	$32,848,475	$39,723,429	$-1,035,135
2018	$26,593,733	$30,611,614	$33,390,784	$-4,017,881

IDAHO POWER COMPANY VOLUNTARY EMPLOYEES BENEFICIARY ASSOC