Central Power Electric Coop Inc
501(c)(12)
100% goes to programs Strong reserves
Central Power Electric Coop Inc is a 501(c)(12) organization based in Minot, North Dakota, registered in 1957, with $190,861,966 in FY2024 revenue. CharityIndex grades it A, and it directs about 100% of spending to programs.
525 20th Ave Sw, Minot, ND, 58701 EIN 45-0226179 Since 1957
Revenue (FY2024)
$190.9M
▲ 1.4% vs prior year
Expenses (FY2024)
$180.6M
Net assets
$163.9M
Employees
65
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating100% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Central Power Electric Coop Inc: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating11 mo reserves · +5% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Central Power Electric Coop Inc: 11 mo reserves · +5% margin earns a A on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Central Power Electric Coop Inc: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Central Power Electric Coop Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Providing wholesale all-requirements electric service to our six member rural electric cooperatives in north dakota.
Contact & location
- Address
- 525 20th Ave Sw, Minot, ND, 58701
- City
- Minot
- State
- North Dakota
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $178.3M (FY2019) to $190.9M (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $346.6MNet assets $163.9M
Operating margin
5.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$510.5M
Total liabilities
$346.6M
Net assets
$163.9M
Salaries & benefits
$0
0% of expenses
Board members
6
6 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $190,861,966▲1.4% | $180,644,169▲3.9% | $163,898,519▲4.1% | $510,514,335▲6.4% | 990 |
| 2023 | $188,214,649▲3.6% | $173,849,791▲5.9% | $157,494,573▲7.1% | $479,614,700▲5.9% | 990 |
| 2022 | $181,588,678▲8.2% | $164,161,816▲2.5% | $146,999,819▲9.5% | $453,069,193▲7.9% | 990 |
| 2021 | $167,780,988▼2.7% | $160,170,418▼1.9% | $134,197,426▲2.8% | $419,743,548▲3.7% | 990 |
| 2020 | $172,507,293▼3.3% | $163,296,830▼4.0% | $130,550,289▲5.4% | $404,760,385▲3.7% | 990 |
| 2019 | $178,336,721 | $170,053,338 | $123,892,760 | $390,213,092 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Thomas Meland — $824,744 (0.46% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Thomas Meland | General Manager | 40 | $824,744 |
| Mark Sherman | Manager of Operations and Engineering | 40 | $314,425 |
| Michael Kossan | Cfo Manager of Accounting and Finance | 40 | $293,599 |
| Dennis Olson | Chief Substation Engineer | 40 | $206,783 |
| Ryan Callahan | Chief Transmission Engineer | 40 | $206,718 |
| Todd Ahmann | Network Administrator | 40 | $192,251 |
| Randy Brunner | Substation Engineer | 40 | $185,192 |
| Kenneth Haugen | Operations Superintendent | 40 | $185,103 |
| Jean Brandt | Vice President | 4 | $20,400 |
| Arden Fuher | Director | 4 | $18,800 |
| Mark Brehm | President | 7 | $18,400 |
| David Charles | Director | 4 | $17,600 |
| Robert Wolf | Secretary Treasurer | 4 | $16,000 |
| Troy Presser | Director | 4 | $14,800 |
| Clint Gjellstad | Director | 4 | $2,000 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Northwest Contracting Inc | General Contractor | $2,871,712 |
| Synergy Powerline Construction Inc | Line Construction Contractor | $2,761,953 |
| Widseth Smith Nolting & Associates | Line Design Contractor | $579,771 |
| Bechtold Paving Inc | Paving & Concrete Contractor | $254,034 |
| Mmi Excavation LLC | Excavation Contractor | $205,774 |
Frequently asked questions
- Is Central Power Electric Coop Inc a legitimate nonprofit?
- Yes. Central Power Electric Coop Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 45-0226179, based in Minot, North Dakota.
- What is Central Power Electric Coop Inc's EIN?
- Central Power Electric Coop Inc's Employer Identification Number (EIN) is 45-0226179.
- How much revenue does Central Power Electric Coop Inc report?
- Central Power Electric Coop Inc reported $190,861,966 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Central Power Electric Coop Inc's spending goes to programs?
- Central Power Electric Coop Inc spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Central Power Electric Coop Inc have?
- CharityIndex grades Central Power Electric Coop Inc A, based on program efficiency and fundraising cost.
- How much does Central Power Electric Coop Inc's highest-paid employee make?
- The highest reported compensation on Central Power Electric Coop Inc's latest Form 990 is $824,744, paid to Thomas Meland (General Manager).
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Data for Central Power Electric Coop Inc (EIN 45-0226179) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.