CENTRAL ELECTRIC COOPERATIVE INC (EIN 411955109) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Principal Officer

KEN SCHLIMGEN

Phone

6059967516

Tax Period

2024-01-01 to 2024-12-31

CENTRAL ELECTRIC COOPERATIVE INC, founded in 2000, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $39.0M in total revenue in fiscal year 2018.

Mission

PROVIDING RELIABLE ENERGY AND SERVICES AT A GOOD VALUE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $39,739,717

Investment Income $187,888

Other Revenue $11,513

TOTAL REVENUE $39,939,118

Expense Breakdown

Grants Paid $25,899

Salaries & Benefits $6,086,210

Fundraising Expenses $0

Other Expenses $30,346,653

TOTAL EXPENSES $39,483,263

Year-over-Year Comparison

	2024	2023	Change
Revenue	$39,939,118	$37,601,857	+0.1%
Expenses	$39,483,263	$36,918,894	+0.1%
Net Income	$455,855	$682,963	-0.3%

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

$474,984

Total Directors

$155,094

Key Employees

$169,129

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DUANE WOLBRINK	PRESIDENT	7.00	Officer Director	$14,966	$0	$14,966
TODD VANWALLEGHEN	VICE PRESIDENT	7.00	Officer Director	$15,266	$0	$15,266
MARK REINDL	TREASURER	7.00	Officer Director	$16,166	$0	$16,166
MARK HOFER	SECRETARY	9.00	Officer Director	$18,566	$0	$18,566
JEFF GUSTAFSON	DIRECTOR	10.00	Director	$18,716	$0	$18,716
ROBERT BANKS	DIRECTOR	7.00	Director	$17,816	$0	$17,816
DONITA LOUDNER	DIRECTOR	7.00	Director	$17,666	$0	$17,666
BRADEE PAZOUR	DIRECTOR	7.00	Director	$15,566	$0	$15,566
MERLIN BECHEN	DIRECTOR	8.00	Director	$20,366	$0	$20,366
KEN SCHLIMGEN	GENERAL MANAGER	40.00	Officer	$207,709	$9,354	$217,063
DEAN UHER	MANAGER OF FINANCE & ADMINISTRATION	44.00	Officer	$120,562	$72,395	$192,957
BRIAN BULTJE	MANAGER OF OPERATIONS	41.00	Key Emp	$159,443	$9,686	$169,129
PATRICK SOUKUP	MANAGER OF MEMBER SERVICES	40.00	Highest	$133,332	$28,486	$161,818
LINCOLN FEISTNER	SALES & PROJECT MANAGER	40.00	Highest	$130,792	$32,252	$163,044
TIMOTHY NEISES	AREA FOREMAN	41.00	Highest	$125,458	$8,712	$134,170
NORTON TRUMAN	JOURNEYMAN LINEMAN	42.00	Highest	$124,095	$22,961	$147,056
DUSTIN ROSKENS	LINE SUPERINTENDENT	40.00	Highest	$134,495	$73,919	$208,414

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	$39,939,118	$39,483,263	$126,603,063	$455,855
2023	$37,601,857	$36,918,894	$119,327,952	$682,963
2022	$36,210,968	$36,210,968	$109,967,351	No data
2021	$37,679,047	$37,679,047	$99,096,217	No data
2020	$33,421,482	$33,095,937	$94,065,777	$325,545
2019	$35,519,354	$35,519,354	$89,048,483	No data
2018	$39,005,205	$39,005,205	$83,816,895	No data

CENTRAL ELECTRIC COOPERATIVE INC