CENTRAL ELECTRIC COOPERATIVE INC

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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

2000

Legal Domicile

Principal Officer

KEN SCHLIMGEN

Phone

6059967516

Tax Period

2025-01-01 to 2025-12-31

CENTRAL ELECTRIC COOPERATIVE INC, founded in 2000, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $42.4M in total revenue in fiscal year 2025.

Mission

PROVIDING ENERGY AND SERVICES WITH A COMMITMENT TO SAFETY AND MEMBER SATISFACTION.

Program Service Accomplishments

Program 1

PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 5000 COOPERATIVE MEMBERS. BUILT 82 NEW SERVICES AND RETIRED 28 SERVICES WITHIN OUR 4,527 MILES OF LINE.

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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 $42,002,413

Investment Income $293,881

Other Revenue $132,058

TOTAL REVENUE $42,428,352

Expense Breakdown

Grants Paid $29,145

Salaries & Benefits $6,367,543

Fundraising Expenses $0

Other Expenses $32,332,660

TOTAL EXPENSES $42,428,352

Year-over-Year Comparison

	2025	2024	Change
Revenue	$42,428,352	$39,939,118	+0.1%
Expenses	$42,428,352	$39,483,263	+0.1%
Net Income	$0	$455,855	-1.0%

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

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

$512,417

Total Directors

$136,920

Key Employees

$182,449

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MERLIN BECHEN	DIRECTOR	7.00	Director	$20,366	$0	$20,366
JEFF GUSTAFSON	VICE PRESIDENT	9.00	Officer Director	$15,566	$0	$15,566
ROBERT BANKS	DIRECTOR	4.00	Director	$15,266	$0	$15,266
MARK HOFER	SECRETARY	7.00	Officer Director	$14,966	$0	$14,966
BRADEE PAZOUR	TREASURER	8.00	Officer Director	$14,666	$0	$14,666
DONITA LOUDNER	DIRECTOR	5.00	Director	$14,366	$0	$14,366
DUANE WOLBRINK	PRESIDENT	7.00	Officer Director	$14,066	$0	$14,066
TODD VANWALLEGHEN	VICE PRESIDENT THRU 9/2025	10.00	Officer Director	$11,637	$0	$11,637
MARK REINDL	DIRECTOR	2.00	Director	$11,366	$0	$11,366
JEREMY WHITE	DIRECTOR	7.00	Director	$4,655	$0	$4,655
KEN SCHLIMGEN	GENERAL MANAGER	40.00	Officer	$215,981	$9,598	$225,579
DEAN UHER	MANAGER OF FINANCE & ADMINISTRATION	43.00	Officer	$136,887	$79,050	$215,937
BRIAN BULTJE	MANAGER OF OPERATIONS	42.00	Key Emp	$171,971	$10,478	$182,449
DUSTIN ROSKENS	LINE SUPERINTENDENT	40.00	Highest	$140,009	$84,977	$224,986
PATRICK SOUKUP	MANAGER OF MEMBER SERVICES	40.00	Highest	$138,360	$34,916	$173,276
EUGENE GAIKOWSKI	AREA FOREMAN	42.00	Highest	$138,359	$17,821	$156,180
LINCOLN FEISTNER	SALES & PROJECT MANAGER	40.00	Highest	$137,505	$40,760	$178,265
NORTON TRUMAN	JOURNEYMAN LINEMAN	43.00	Highest	$131,921	$30,021	$161,942

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	$42,428,352	$42,428,352	$136,401,774	No data
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