EAST CENTRAL ENERGY (EIN 410480748) - 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

JUSTIN JAHNZ

Phone

8002547944

Tax Period

2023-01-01 to 2023-12-31

EAST CENTRAL ENERGY, founded in 1936, is a major nonprofit that reported $143.4M in total revenue in fiscal year 2023.

Mission

DISTRIBUTE ELECTRIC ENERGY 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $141,514,404

Investment Income $498,360

Other Revenue $1,398,502

TOTAL REVENUE $143,411,266

Expense Breakdown

Grants Paid $31,949

Salaries & Benefits $1,526,721

Fundraising Expenses $0

Other Expenses $131,016,529

TOTAL EXPENSES $145,612,580

Year-over-Year Comparison

	2023	2022	Change
Revenue	$143,411,266	$136,415,496	+0.1%
Expenses	$145,612,580	$136,342,020	+0.1%
Net Income	$-2,201,314	$73,476	-31.0%

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

191

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

$1,473,253

Total Directors

$184,552

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH MORLEY	SECRETARY/TREASURER	5.33	Director	$16,044	$0	$16,044
RICK OLSON	DIRECTOR	6.75	Director	$15,868	$0	$15,868
MICHAEL GAINOR	DIRECTOR - STARTED 4/20/2023	2.26	Director	$7,655	$0	$7,655
WAYNE ELLER	DIRECTOR	5.88	Director	$14,306	$0	$14,306
LINDA LAITALA	CHAIR	8.56	Director	$15,971	$0	$15,971
GARRY BYE	DIRECTOR - LEFT 4/20/2023	2.25	Director	$3,018	$0	$3,018
JIM JESOK	DIRECTOR	5.31	Director	$18,610	$0	$18,610
DAVID DEUTSCHLANDER	DIRECTOR - LEFT 4/20/2023	2.88	Director	$3,579	$0	$3,579
GREG KVANICKA	ASST. SECRETARY/TREASURER	5.71	Director	$15,106	$0	$15,106
LONNIE JOHNSON	DIRECTOR	6.40	Director	$12,514	$0	$12,514
SHELLY NAULT	DIRECTOR	8.64	Director	$20,717	$0	$20,717
RON VOLKER	DIRECTOR	4.75	Director	$13,914	$0	$13,914
JERRY TVEDT	VICE CHAIR	6.13	Director	$15,580	$0	$15,580
THOMAS SCHOENECKER	DIRECTOR - STARTED 4/20/2023	6.31	Director	$11,670	$0	$11,670
JUSTIN JAHNZ	PRESIDENT/CEO	46.00	Officer	$285,084	$92,741	$377,825
ANDY OLSON	VP/CHIEF OPERATING OFFICER	43.00	Officer	$238,504	$90,653	$329,157
LISA PRACHAR	VP/CHIEF FINANCIAL OFFICER	43.00	Officer	$236,585	$216,526	$453,111
TY HOUGLUM	VP/CHIEF INFORMATION OFFICER	48.00	Officer	$229,446	$83,714	$313,160
MARK NELSON	MANAGER, BUSINESS ACCOUNTS	48.00	Highest	$174,826	$12,897	$187,723
TANNER OLSON	LINE TECHNICIAN	51.00	Highest	$157,145	$34,162	$191,307
ADAM EYE	LINE PERSONNEL	60.00	Highest	$167,799	$18,674	$186,473
MARK MACHOVEC	LINE TECHNICIAN	57.00	Highest	$168,619	$48,135	$216,754
DAVID WALETSKI	MANAGER, ENGINEERING	42.00	Highest	$171,776	$78,017	$249,793

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	$143,411,266	$145,612,580	$422,306,337	$-2,201,314
2022	$136,415,496	$136,342,020	$359,107,957	$73,476
2021	$133,197,154	$137,894,380	$351,028,810	$-4,697,226
2020	$127,219,565	$127,044,567	$344,437,074	$174,998
2019	$126,847,825	$128,797,010	$333,854,038	$-1,949,185
2018	$127,272,111	$131,530,098	$334,197,340	$-4,257,987

EAST CENTRAL ENERGY