CENTRAL ELECTRIC POWER ASSOCIATION (EIN 640132702) - 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

1937

Legal Domicile

Principal Officer

BRIAN D LONG

Phone

6012675671

Tax Period

2024-07-01 to 2025-06-30

CENTRAL ELECTRIC POWER ASSOCIATION, founded in 1937, is a major nonprofit that reported $115.1M in total revenue in fiscal year 2024.

Mission

PROVIDE ELECTRICITY IN RURAL MISSISSIPPI.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $112,104,278

Investment Income $1,134,987

Other Revenue $1,829,577

TOTAL REVENUE $115,068,842

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,576,375

Fundraising Expenses $0

Program Expenses $113,192,642

Other Expenses $111,616,267

TOTAL EXPENSES $113,192,642

Year-over-Year Comparison

	2024	2023	Change
Revenue	$115,068,842	$108,914,730	+0.1%
Expenses	$113,192,642	$106,187,025	+0.1%
Net Income	$1,876,200	$2,727,705	-0.3%

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

132

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

Total Directors

$77,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH HAGAN	DIRECTOR	5.00	Director	$7,800	$0	$7,800
PETTEY LEACH	PRESIDENT	5.00	Director	$7,800	$0	$7,800
DANNY THORNTON	SECRETARY/TREASURER	5.00	Director	$7,800	$0	$7,800
PHILLIP CROSBY	DIRECTOR	5.00	Director	$7,800	$0	$7,800
EARL BROWNING	DIRECTOR	5.00	Director	$7,800	$0	$7,800
MAX LOPER	DIRECTOR	5.00	Director	$1,800	$0	$1,800
DAVID BOYD	DIRECTOR	5.00	Director	$7,800	$0	$7,800
HANNA WATSON	DIRECTOR	5.00	Director	$7,800	$0	$7,800
MIKE BROOKS	VICE PRESIDENT	5.00	Director	$7,800	$0	$7,800
JACKIE HARPOLE	DIRECTOR	5.00	Director	$7,800	$0	$7,800
ANDREW WINDHAM	DIRECTOR	5.00	Director	$5,400	$0	$5,400
BRIAN D LONG	GENERAL MANAGER	40.00	Highest	$271,009	$0	$271,009
EDDIE CASEY BELL	DIRECTOR OF ACCOUNTING	40.00	Highest	$100,471	$0	$100,471
ROBERT G BARRETT	DIRECTOR OF OPERATIONS	40.00	Highest	$179,065	$0	$179,065
AMY SHEPARD	DIRECTOR OF HR	40.00	Highest	$183,499	$0	$183,499
JESSIE DALE SCOTT	DIRECTOR OF INFORMATION TECHNOLOGY	40.00	Highest	$145,014	$0	$145,014
DANNY BURNETT	CONSTRUCTION COORDINATOR	40.00	Highest	$149,925	$0	$149,925
MELANIE A KIRKWOOD	DIRECTOR OF ENGINEERING	40.00	Highest	$151,211	$0	$151,211

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	$115,068,842	$113,192,642	$143,671,386	$1,876,200
2024	$108,914,730	$106,187,025	$141,855,761	$2,727,705
2023	$108,351,567	$106,878,598	$141,190,862	$1,472,969
2022	$101,127,410	$97,785,921	$142,416,370	$3,341,489
2021	$91,582,514	$87,543,321	$129,001,303	$4,039,193
2020	$91,277,753	$90,111,332	$124,036,329	$1,166,421
2019	$93,855,694	$91,984,524	$123,638,172	$1,871,170

CENTRAL ELECTRIC POWER ASSOCIATION