CENTRAL POWER ELECTRIC COOP INC (EIN 450226179) - 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

1949

Legal Domicile

Principal Officer

THOMAS L MELAND

Phone

7018524407

Tax Period

2025-01-01 to 2025-12-31

CENTRAL POWER ELECTRIC COOP INC, founded in 1949, is a major nonprofit that reported $204.7M in total revenue in fiscal year 2025. Expenses of $193.4M left a modest 6% surplus.

Mission

Providing wholesale all-requirements electric service to our six member rural electric cooperatives in North Dakota.

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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 $196,667,549

Investment Income $78,652

Other Revenue $7,985,145

TOTAL REVENUE $204,731,346

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $193,355,577

Other Expenses $193,355,577

TOTAL EXPENSES $193,355,577

Year-over-Year Comparison

	2025	2024	Change
Revenue	$204,731,346	$190,861,966	+0.1%
Expenses	$193,355,577	$180,644,169	+0.1%
Net Income	$11,375,769	$10,217,797	+0.1%

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

$1,428,546

Total Directors

$115,200

Key Employees

$466,973

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Brehm	President	7.00	Director	$22,000	$0	$22,000
Jean Brandt	Vice President	4.00	Director	$23,100	$0	$23,100
Robert Wolf	Secretary Treasurer	4.00	Director	$13,500	$0	$13,500
Kim Rasmussen	Director	4.00	Director	$13,200	$0	$13,200
Troy Presser	Director	4.00	Director	$13,900	$0	$13,900
David Charles	Director	4.00	Director	$22,300	$0	$22,300
Clint Gjellstad	Director	4.00	Director	$1,200	$0	$1,200
Arden Fuher	Director	4.00	Director	$6,000	$0	$6,000
Thomas Meland	General Manager	40.00	Officer	$846,596	$143,239	$989,835
Michael Kossan	CFO Manager of Accounting and Finance	40.00	Officer	$308,770	$129,941	$438,711
Mark Sherman	Manager of Operations and Engineering	40.00	Key Emp	$330,236	$136,737	$466,973
Ryan Callahan	Chief Transmission Engineer	40.00	Highest	$217,978	$100,081	$318,059
Dennis Olson	Chief Substation Engineer	40.00	Highest	$216,057	$69,304	$285,361
Todd Ahmann	Network Administrator	40.00	Highest	$203,102	$94,753	$297,855
Kenneth Haugen	Operations Superintendent	40.00	Highest	$198,974	$92,649	$291,623
Randy Brunner	Substation Engineer	40.00	Highest	$191,706	$92,490	$284,196

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	$204,731,346	$193,355,577	$537,543,464	$11,375,769
2024	No data	No data	No data	No data
2023	$188,214,649	$173,849,791	$479,614,700	$14,364,858
2022	$181,588,678	$164,161,816	$453,069,193	$17,426,862
2021	$167,780,988	$160,170,418	$419,743,548	$7,610,570
2020	$172,507,293	$163,296,830	$404,760,385	$9,210,463
2019	$178,336,721	$170,053,338	$390,213,092	$8,283,383

CENTRAL POWER ELECTRIC COOP INC