CENTRAL ELECTRIC COOPERATIVE INC (EIN 250397695) - 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

1937

Legal Domicile

Principal Officer

MATTHEW BOSHAW

Phone

7243992931

Tax Period

2024-01-01 to 2024-12-31

CENTRAL ELECTRIC COOPERATIVE INC, founded in 1937, is a mid-sized nonprofit that reported $50.9M in total revenue in fiscal year 2024.

Mission

PROVISION OF ELECTRIC DISTRIBUTION SERVICE ON A COOPERATIVE BASIS TO MEMBERS IN RURAL PA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $49,308,439

Investment Income $376,035

Other Revenue $1,260,921

TOTAL REVENUE $50,945,395

Expense Breakdown

Grants Paid $166,587

Salaries & Benefits $8,622,767

Fundraising Expenses $0

Other Expenses $36,407,682

TOTAL EXPENSES $51,376,944

Year-over-Year Comparison

	2024	2023	Change
Revenue	$50,945,395	$50,342,119	+0.0%
Expenses	$51,376,944	$51,333,063	+0.0%
Net Income	$-431,549	$-990,944	-0.6%

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

$670,871

Total Directors

$127,126

Key Employees

$280,830

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW BOSHAW	CEO/GENERAL	40.00	Officer	$295,947	$87,577	$383,524
FRED TERWILLIGER	ASSISTANT GM	40.00	Key Emp	$213,654	$67,176	$280,830
CHESTER CONTI	CFO	40.00	Officer	$164,315	$59,917	$224,232
CHRISTOPHER W KOSSMAN	DIRECTOR OF	40.00	Highest	$164,424	$59,148	$223,572
LISA A HOOVER	DIRECTOR OF	40.00	Highest	$161,668	$54,870	$216,538
CHRISTOPHER PIERI	LINEMAN	40.00	Highest	$149,493	$36,361	$185,854
TANNER HANNOLD	LINEMAN	40.00	Highest	$147,975	$31,153	$179,128
CHAD JACK	LINEMAN	40.00	Highest	$145,823	$20,908	$166,731
ROBERT W SMITH	PRESIDENT	4.00	Officer Director	$19,384	$0	$19,384
NANCY D LENDYAK	DIRECTOR	5.00	Director	$19,159	$0	$19,159
JODY P WEAVER	VICE PRESIDE	4.00	Officer Director	$18,911	$0	$18,911
ALTHEA SMITH	SECRETARY/TR	4.00	Officer Director	$18,641	$0	$18,641
RICHARD L WEAVER	DIRECTOR	3.00	Director	$16,641	$0	$16,641
KENNETH D DURRETT	DIRECTOR	3.00	Director	$15,102	$0	$15,102
KENNETH D ETZEL	DIRECTOR	2.00	Director	$13,109	$0	$13,109
ALFRED J CAMPBELL	PAST VICE PR	1.00	Officer Director	$6,179	$0	$6,179

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	$50,945,395	$51,376,944	$132,463,751	$-431,549
2023	$50,342,119	$51,333,063	$128,010,635	$-990,944
2022	$27,956,147	$24,812,058	$129,344,147	$3,144,089
2021	$28,207,685	$24,134,147	$123,976,880	$4,073,538
2020	$27,173,900	$25,080,241	$117,271,252	$2,093,659
2019	$22,476,781	$22,862,469	$114,877,967	$-385,688
2018	$22,938,502	$21,931,294	$114,157,948	$1,007,208

CENTRAL ELECTRIC COOPERATIVE INC