West Central Electric Cooperative Inc

EIN: 440483533

Higginsville, MO

Total Revenue
$34,472,104
Total Expenses
$34,493,104
Total Assets
$98,020,754
Net Assets
$39,850,149
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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
1939
Legal Domicile
MO
Principal Officer
Densil Allen
Tax Period
2023-01-01 to 2023-12-31

West Central Electric Cooperative Inc, founded in 1939, is a mid-sized nonprofit that reported $34.5M in total revenue in fiscal year 2023.

Mission

West Central Electric Cooperative focuses on enhancing the quality of life for our members by providing safe, reliable, and affordable electricity in a professional manner,

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $33,798,638
Investment Income $597,317
Other Revenue $76,149
TOTAL REVENUE $34,472,104

Expense Breakdown

Grants Paid $27,400
Salaries & Benefits $1,351,635
Fundraising Expenses $0
Other Expenses $29,619,927
TOTAL EXPENSES $34,493,104

Year-over-Year Comparison

2023 2022 Change
Revenue $34,472,104 $34,486,470 0.0%
Expenses $34,493,104 $34,486,470 +0.0%
Net Income $-21,000 N/A N/A
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

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Governance

Voting Members
9
Independent Members
9
Employees
48
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
3
$312,837
Total Directors
8
$65,030
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Peter Nelson Engineering Manager 45.00
Highest
$120,329 $94,167 $214,496
Scott Gard Operations Manager 45.00
Highest
$120,489 $91,409 $211,898
Michael Newland General Manager 50.00
Officer
$158,955 $47,302 $206,257
Todd Gast Foreman 44.00
Highest
$117,215 $76,736 $193,951
William Mackie Foreman 44.00
Highest
$119,806 $73,325 $193,131
Derek Cole Jouneyman 46.00
Highest
$118,469 $48,278 $166,747
Rebecca Hoeflicker Accounting Manager 45.00
Officer
$95,486 $2,239 $97,725
Clark Bredehoft Vice President 7.58
Director
$10,325 $0 $10,325
Colby Dowell Director 5.73
Director
$9,275 $0 $9,275
Densil Allen President 3.40
Officer Director
$8,855 $0 $8,855
Stan Rhodes Asst Secretary 3.62
Director
$8,750 $0 $8,750
Dale Jarman Treasurer 5.83
Director
$8,225 $0 $8,225
Richard Strobel Director 3.92
Director
$7,700 $0 $7,700
Jeremy Ahmann Director 3.90
Director
$6,475 $0 $6,475
Robert Simmons Secretary 4.27
Director
$5,425 $0 $5,425
Sandra Streit Director 1.92
$4,550 $0 $4,550
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 $34,472,104 $34,493,104 $98,020,754 $-21,000
2022 $34,486,470 $34,486,470 $93,767,954 No data
2021 $30,968,348 $30,968,348 $89,787,991 No data
2020 $30,001,041 $30,001,041 $85,789,204 No data
2019 $30,940,092 $30,940,092 $82,998,942 No data
2018 $30,262,369 $29,963,835 $81,026,992 $298,534
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