NORTH CENTRAL ELECTRIC COOPERATIVE INC (EIN 344316639) - 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

1936

Legal Domicile

Principal Officer

EDWARD VANHOOSE

Phone

4194263072

Tax Period

2025-01-01 to 2025-12-31

NORTH CENTRAL ELECTRIC COOPERATIVE INC, founded in 1936, is a mid-sized nonprofit that reported $38.1M in total revenue in fiscal year 2025. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE ELECTRICITY AND RELATED SERVICES TO MEMBERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $36,968,932

Investment Income $99,589

Other Revenue $1,057,940

TOTAL REVENUE $38,126,461

Expense Breakdown

Grants Paid $0

Salaries & Benefits $846,490

Fundraising Expenses $0

Program Expenses $37,461,204

Other Expenses $35,757,544

TOTAL EXPENSES $37,525,736

Year-over-Year Comparison

	2025	2024	Change
Revenue	$38,126,461	$34,539,385	+0.1%
Expenses	$37,525,736	$33,594,501	+0.1%
Net Income	$600,725	$944,884	-0.4%

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

$681,781

Total Directors

$91,150

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN BISHOP	SECRETARY	3.42	Officer Director	$9,800	$0	$9,800
ANDREW BROSE	DIRECTOR	2.31	Director	$5,200	$0	$5,200
RONALD FRISCH	VICE CHAIR	2.50	Officer Director	$9,800	$0	$9,800
DAVID GREEN	DIRECTOR	2.07	Director	$5,750	$0	$5,750
MICHAEL SCHERGER	VICE CHAIR	2.79	Officer Director	$3,850	$0	$3,850
DENNIS SCHINDLER	DIRECTOR	4.56	Director	$10,500	$0	$10,500
STEVEN SEITZ	TREASURER	3.00	Officer Director	$9,450	$0	$9,450
RODNEY SNAVELY	CHAIR	7.18	Officer Director	$14,700	$0	$14,700
CALVIN STAIB	DIRECTOR	1.52	Director	$3,250	$0	$3,250
NICHOLAS WAGNER	DIRECTOR	8.91	Director	$18,850	$0	$18,850
BRAD WARNEMENT	CPE	40.00	Officer	$73,088	$0	$73,088
EDWARD VANHOOSE	CEO	40.00	Officer	$161,113	$0	$161,113
JOSHUA LONG	CFO	40.00	Officer	$67,333	$17,999	$85,332
ANDREW RUFFING	CAO	40.00	Officer	$60,263	$17,496	$77,759
JUSTIS CLIFFORD	CSO	40.00	Officer	$60,263	$16,340	$76,603
JORDAN K HOFFMAN	COO	40.00	Officer	$69,331	$24,957	$94,288
MATTHEW FRANKART	CPE	40.00	Officer	$60,263	$5,735	$65,998
PATRICK J PIFHER	ENGINNEER MANAGER	42.95	Highest	$142,615	$92,734	$235,349
KEITH D GOMEZ	METER MANAGER	42.31	Highest	$131,186	$125,743	$256,929
MATTHEW J FEASEL	OPERATIONS MANAGER	40.14	Highest	$122,076	$80,353	$202,429
MICHAEL P STAHL	SAFETY MANAGER	40.00	Highest	$124,894	$63,843	$188,737
DIANE M WISE	BILLING MANAGER	40.00	Highest	$131,178	$145,961	$277,139

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
2025	$38,126,461	$37,525,736	$92,879,769	$600,725
2024	$34,539,385	$33,594,501	$89,021,916	$944,884
2023	$32,150,827	$29,756,777	$86,244,071	$2,394,050
2022	$30,230,060	$28,163,765	$77,695,772	$2,066,295
2021	$28,818,784	$26,508,760	$73,924,415	$2,310,024
2020	$26,633,686	$24,796,656	$74,405,301	$1,837,030
2019	$26,114,151	$24,398,816	$71,136,625	$1,715,335

NORTH CENTRAL ELECTRIC COOPERATIVE INC