CENTRAL ELECTRIC POWER COOPERATIVE INC (EIN 570299350) - 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

1948

Legal Domicile

Principal Officer

RYAN THOMAS

Phone

8037794975

Tax Period

2023-01-01 to 2023-12-31

CENTRAL ELECTRIC POWER COOPERATIVE INC, founded in 1948, is a large national nonprofit that reported $1.5B in total revenue in fiscal year 2023.

Mission

CENTRAL EXISTS TO PROVIDE RELIABLE POWER DELIVERY FOR THE BENEFIT OF OUR MEMBERS.

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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 $1,494,167,752

Investment Income $1,167,320

Other Revenue $-1,010,026

TOTAL REVENUE $1,494,325,046

Expense Breakdown

Grants Paid $8,957,330

Salaries & Benefits $11,769,194

Fundraising Expenses $0

Other Expenses $1,461,419,212

TOTAL EXPENSES $1,494,640,588

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,494,325,046	$1,459,022,371	+0.0%
Expenses	$1,494,640,588	$1,459,000,797	+0.0%
Net Income	$-315,542	$21,574	-15.6%

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

$2,088,475

Total Directors

$824,219

Key Employees

$1,192,114

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
A BERL DAVIS	SECRETARY/TREASURER	7.00	Officer Director	$28,006	$0	$28,006
ANDY MCKNIGHT	TRUSTEE	5.00	Director	$12,053	$0	$12,053
ANITA P WHITNEY	TRUSTEE	7.00	Director	$16,662	$0	$16,662
B ROBERT PAULLING	TRUSTEE	5.00	Director	$19,852	$0	$24,815
BRIAN W BROUGHTON	TRUSTEE	5.00	Director	$25,170	$0	$29,424
CAROLYN BOYD	TRUSTEE	5.00	Director	$15,953	$0	$15,953
CHAD T LOWDER	TRUSTEE	7.00	Director	$26,942	$0	$26,942
CHARLES R SMITH	TRUSTEE	5.00	Director	$13,471	$0	$13,471
CHARLES R ALLEN	TRUSTEE	5.00	Director	$21,270	$0	$21,270
DAVID EFELKEL	TRUSTEE	5.00	Director	$21,979	$0	$25,524
DOUGLAS A REEVES	VICE CHAIRMAN	7.00	Officer Director	$35,096	$0	$35,096
E PAUL BASHA	CHAIRMAN	7.00	Officer Director	$60,620	$0	$69,128
FRANKLIN M LOOPER JR	TRUSTEE	5.00	Director	$14,180	$0	$14,180
G KEITH AVERY	TRUSTEE	5.00	Director	$19,852	$0	$19,852
GARY L STOOKSBURY	TRUSTEE	5.00	Director	$26,588	$0	$30,842
HAMER L PARNELL	TRUSTEE	5.00	Director	$11,344	$0	$11,344
J DAVID WASSON JR	TRUSTEE	7.00	Director	$25,524	$0	$28,360
H WAYNE DEWITT	TRUSTEE	5.00	Director	$17,371	$0	$17,371
JOHNNIE L DICKERT	TRUSTEE	5.00	Director	$16,662	$0	$23,043
ROBERT G ARDIS III	TRUSTEE	7.00	Director	$29,424	$0	$29,424
STEVE CHEWNING	TRUSTEE	7.00	Director	$18,789	$0	$18,789
TERRY W MALLARD	TRUSTEE	5.00	Director	$23,397	$0	$32,260
MARK L WALLING	TRUSTEE	5.00	Director	$21,979	$0	$21,979
WILLIAM L FLEMING JR	TRUSTEE	5.00	Director	$22,688	$0	$22,688
MITCHELL RABON	TRUSTEE	5.00	Director	$12,762	$0	$12,762
JAMES L LOVINGGOOD	TRUSTEE	5.00	Director	$24,106	$0	$24,106
WF DAVIS	TRUSTEE	7.00	Director	$7,799	$0	$12,053
BRUCE BACON	TRUSTEE	5.00	Director	$19,852	$0	$19,852
JAMES E STEWART JR	TRUSTEE	5.00	Director	$12,762	$0	$12,762
MARY B SHERIDAN	TRUSTEE	5.00	Director	$15,598	$0	$26,233
JAMES M BUNTON JR	TRUSTEE	5.00	Director	$13,471	$0	$19,852
CHARLES E ADAIR	TRUSTEE	5.00	Director	$13,471	$0	$15,598
JAMES L ROWE	TRUSTEE	5.00	Director	$18,434	$0	$20,916
BARBARA F WESTON	TRUSTEE	5.00	Director	$14,180	$0	$18,434
JAMES A RISINGER	TRUSTEE	5.00	Director	$14,180	$0	$14,180
MICHAEL FULLER	TRUSTEE - SEE SCHEDULE O	5.00	Director	$0	$0	$0
DANNY SHELLEY	TRUSTEE - SEE SCHEDULE O	7.00	Director	$0	$0	$0
FRANKLIN C BLANTON	TRUSTEE	5.00	Director	$12,053	$0	$12,053
JEFFREY M LEWIS	TRUSTEE	5.00	Director	$19,143	$0	$19,143
TRAVIS BURRISS	TRUSTEE	5.00	Director	$3,545	$0	$3,545
KENNETH T CARTER	TRUSTEE	5.00	Director	$2,127	$0	$2,127
MATTHEW D STANLEY	TRUSTEE	5.00	Director	$2,127	$0	$2,127
ROBERT HOCHSTETLER	PRESIDENT & CEO	40.00	Officer	$954,669	$447,012	$1,401,681
MRYAN THOMAS	SVP OF ADMINISTRATION & CFO	40.00	Officer	$434,371	$120,193	$554,564
MARK A SVRCEK	SVP OF MEMBER SOLUTIONS	40.00	Key Emp	$117,935	$62,890	$180,825
JAMES COLE PRICE	SVP OF MEMBER SERVICES	40.00	Key Emp	$349,087	$119,024	$468,111
WILLIAM WARE	VP OF ENGINEERING & ENGINE	40.00	Key Emp	$261,819	$142,914	$404,733
MARCUS HARRIS	SVP OF PLANNING AND POWER SUPPLY	40.00	Key Emp	$119,698	$18,747	$138,445
KENNETH MOTSINGER	DIRECTOR OF ENGINEERING	40.00	Highest	$204,658	$97,931	$302,589
GERALD FLEMING	DIRECTOR OF POWER SUPPLY	40.00	Highest	$199,998	$96,901	$296,899
JAMES TINDAL	DIRECTOR OF TRANSMISSION D	40.00	Highest	$175,380	$161,284	$336,664
DINAH RAVEN	CORPORATE CONTROLLER	40.00	Highest	$175,231	$62,298	$237,529
TERESA KANTER	DIRECTOR OF POWER SUPPLY OPERATIONS	40.00	Highest	$200,217	$24,198	$224,415
JOHN BRANTLEY	SR VP OF ADMINISTRATION	40.00		$27,627	$80,937	$108,564

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	$1,494,325,046	$1,494,640,588	$579,816,387	$-315,542
2022	$1,459,022,371	$1,459,000,797	$519,315,059	$21,574
2021	$1,335,264,173	$1,334,505,600	$437,527,195	$758,573
2020	$1,302,836,659	$1,302,575,315	$447,690,732	$261,344
2019	$1,343,281,930	$1,343,105,032	$427,496,454	$176,898

CENTRAL ELECTRIC POWER COOPERATIVE INC