West Central Electric Cooperative … - Form 990 Financial Data

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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

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,

Program Service Accomplishments

Program 1

West Central Electric now provides power to more than 15,100 meters through 2,600 miles of line in five counties, including Lafayette, Johnson, Eastern Jackson and a small part of Cass and Pettis...

West Central Electric now provides power to more than 15,100 meters through 2,600 miles of line in five counties, including Lafayette, Johnson, Eastern Jackson and a small part of Cass and Pettis counties.

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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 $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

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

$312,837

Total Directors

$65,030

Key Employees

Highest Compensated

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

West Central Electric Cooperative Inc