CENTRAL RURAL ELECTRIC COOPERATIVE INC (EIN 730177775) - 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

1938

Legal Domicile

Principal Officer

HUNTER ROBINSON

Phone

8003752884

Tax Period

2023-01-01 to 2023-12-31

CENTRAL RURAL ELECTRIC COOPERATIVE INC, founded in 1938, is a mid-sized nonprofit that reported $77.6M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS AT COST ON A COOPERATIVE BASIS.

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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 $69,938,099

Investment Income $409,023

Other Revenue $7,275,724

TOTAL REVENUE $77,622,846

Expense Breakdown

Grants Paid $15,937

Salaries & Benefits $10,006,741

Fundraising Expenses $0

Other Expenses $65,875,646

TOTAL EXPENSES $81,552,591

Year-over-Year Comparison

	2023	2022	Change
Revenue	$77,622,846	$69,614,536	+0.1%
Expenses	$81,552,591	$72,568,227	+0.1%
Net Income	$-3,929,745	$-2,953,691	+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

105

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

$837,470

Total Directors

$140,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES WELLS	VICE PRESIDENT	7.90	Officer Director	$28,500	$0	$28,500
CAROL DVORAK	PRESIDENT	8.80	Officer Director	$24,000	$0	$24,000
GARY MCCUNE	TRUSTEE (JAN-OCT)	10.80	Director	$22,000	$0	$22,000
JOHN GREG TYTENCIZ	SECRETARY/TREASURER	7.20	Officer Director	$19,250	$0	$19,250
SID SPERRY	TRUSTEE	8.10	Director	$18,500	$0	$18,500
BILL DAVIS	TRUSTEE (JAN-OCT)	4.40	Director	$9,500	$0	$9,500
KEN STARKS	TRUSTEE (MAY-DEC)	4.50	Director	$8,500	$0	$8,500
MARK PITTMAN	TRUSTEE (JAN-FEB)	5.50	Director	$4,500	$0	$4,500
RANDY ETHRIDGE	TRUSTEE (OCT-DEC)	2.70	Director	$3,000	$0	$3,000
RANDY WEDEL	TRUSTEE (OCT-DEC)	3.20	Director	$3,000	$0	$3,000
HUNTER ROBINSON	CHIEF EXECUTIVE OFFICER	50.00	Officer	$305,838	$266,327	$572,165
SONDRA WHITE	VP OF FINANCE	50.00	Officer	$156,128	$37,427	$193,555
MARK PRATHER	PRESIDENT OF FIBER & TECHNOLOGY	50.00	Highest	$149,992	$71,135	$221,127
YUVARAJ KONDASWAMY	SYSTEM PLANNING ENGINEER	40.00	Highest	$135,231	$53,475	$188,706
MICHELLE PHELPS	DIRECTOR OF HUMAN RESOURCES	40.00	Highest	$130,004	$59,393	$189,397
LEE LINSENMEYER	LINEMAN	52.20	Highest	$135,831	$41,742	$177,573
MICHAEL MUSIL	LINEMAN	54.80	Highest	$135,666	$46,895	$182,561

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	$77,622,846	$81,552,591	$303,773,578	$-3,929,745
2022	$69,614,536	$72,568,227	$254,793,736	$-2,953,691
2021	$61,684,585	$63,257,914	$193,484,177	$-1,573,329
2020	$58,964,992	$58,964,992	$169,524,618	No data
2019	$61,899,916	$61,899,916	$160,483,561	No data
2018	$65,860,038	$65,860,038	$156,959,183	No data

CENTRAL RURAL ELECTRIC COOPERATIVE INC