Flathead Electric Cooperative
Legal name: Flathead Electric Cooperative Inc
Nonprofit profile at a glance
- EIN
- 810135783
- IRS 990 coverage
- 2010–2025
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2025
- Location
- Kalispell, MT, US
- Phone
- (406) 751-4483
- Rating confidence
- Limited
Reported finances
- Revenue
- $151,661,239
- Expenses
- $146,473,287
- Assets
- $317,059,300
- Liabilities
- $224,930,610
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- STACEY SCHNEBEL (PRESIDENT)
- STEVE STREICH (VICE PRESIDENT)
- MARK JOHNSON (CEO AND GENERAL MANAGER)
Highest reported compensation
- MARK JOHNSON (CEO AND GENERAL MANAGER): $1,003,572 total reported compensation
- JASON WILLIAMS (COO): $457,872 total reported compensation
- TOD YOUNG - CFO UNTIL (08/25); SPECIAL PROJECT (BEG 8/25)): $404,931 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
As a member owned cooperative, we strive to provide competitive and reliable service, achieve the highest level of member satisfaction and enhance the quality of life in our communities.
What it reported doing in 2025
Generation and acquisition of electric power for distribution to approximately 59,902 members (as of december 31, 2025) along 2,086 overhead lines and 3,239 underground lines in and around the flathead valley, libby, elk basin, and cooke city areas of Montana.
Operating model
- Revenue model
- Other-operating. 100% of the money available for current operations came from other operating revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 80
- Accountability: 100
- Sustainability: 46
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 10th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 86.7%; rating input score 87; 27th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 65th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 3.4%; rating input score 50; 50th percentile among comparable filings
- Total-asset coverage ratio: 2.16; rating input score 51; 51st percentile among comparable filings
- Liabilities to assets ratio: 0.71; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: 2.9%; rating input score 46; 46th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 3% per year; rating input score 100; 23rd percentile among comparable filings
- Asset growth: 1.1% per year; rating input score 100; 7th percentile among comparable filings
Details
- What they do: 3 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 8 of 8 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $1M · 19 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $9.2M reported
- Consistency: 13 of 14 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes grants, executive pay, and related organizations
- Filing history: 16 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 22 filed money-flow records
- Related organizations: 4 filed related-organization links
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Review — Sustainability: Operating margin scored 50/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Sustainability: Total-asset coverage ratio scored 51/100.
- High — Sustainability: Liabilities to assets ratio scored 21/100.
- Moderate — Sustainability: Officer compensation ratio scored 46/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.