Central Montana Electric Power Cooperative
Legal name: Central Montana Electric Power Cooperative Inc
Nonprofit profile at a glance
- EIN
- 810352132
- IRS 990 coverage
- 2010–2025
- Official website data refreshed
- Aug 2026
- Forms available
- Form 990 2025
- Location
- Great Falls, MT, US
- Phone
- (406) 268-1211
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $61,364,686
- Expenses
- $57,383,200
- Assets
- $45,048,867
- Liabilities
- $4,466,992
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- RUSSELL BLOOM (PRESIDENT)
- ALAN JOHNSTONE (VICE PRESIDENT)
Highest reported compensation
- DOUG HARDY ENDED FEB (GENERAL MANAGER): $58,899 total reported compensation
- JIM SANDS BEGAN DEC (GENERAL MANAGER): $28,095 total reported compensation
- RUSSELL BLOOM (PRESIDENT): $9,300 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide affordable wholesale electric energy and related services to member distribution cooperatives.
What it reported doing in 2025
Providing electric power to 8 rural electric cooperatives. Two members are non-purchasing.
Operating model
- Revenue model
- Earned-program. 95% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 90
- Accountability: 86
- Sustainability: 54
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 92.8%; rating input score 93
- Program expense ratio: 99.7%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 66th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 65th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 6.5%; rating input score 60; 60th percentile among comparable filings
- Total-asset coverage ratio: 0.79; rating input score 23; 23rd percentile among comparable filings
- Liabilities to assets ratio: 0.1; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 0.2%; rating input score 86; 86th percentile among comparable filings
Growth
- Program expense growth: 39.1% per year; rating input score 100; 96th percentile among comparable filings
- Revenue growth: 23.7% per year; rating input score 100; 95th percentile among comparable filings
- Asset growth: 9.8% per year; rating input score 100; 67th percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 92.8% of revenue deployed · 99.7% of spending went to programs
- Governance: 8 of 8 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $57.2M in reported program spending
- Leadership: top reported pay $59K · 10 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 2 filed schedules
- Filing history: 16 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 10 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- High — Sustainability: Total-asset coverage ratio scored 23/100.