Civic Intelligence

Central Electric Power Cooperative Inc

EIN 57-0299350 • 501(c)12 • Columbia, SC

Profile

Central is a generation and transmission (g&t) cooperative supplying power to nineteen member distribution cooperatives in south carolina. Central constructs transmission tap lines to serve substations owned by the distribution cooperatives.

20 Cooperative WayColumbia, SC 29210

www.cepci.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

75th percentile

0.81x

Higher debt load relative to assets than 75% of similar nonprofits.

$1B+ nonprofits • Source year 2024

Liabilities / Revenue

27th percentile

0.28x

Higher debt load relative to revenue than 27% of similar nonprofits.

$1B+ nonprofits • Source year 2024

Net Margin

23rd percentile

0.0%

Higher net margin than 23% of similar nonprofits.

$1B+ nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

10th percentile

-3.6%

Faster asset growth than 10% of similar nonprofits.

$1B+ nonprofits • Annualized from 2023 to 2024

Revenue Growth

40th percentile

7.6%

Faster revenue growth than 40% of similar nonprofits.

$1B+ nonprofits • Annualized from 2023 to 2024

Assets

Down

$558,897,912

Down $20,918,475 (-3.6%) from 2023

Liabilities

Down

$454,681,419

Down $37,084,635 (-7.5%) from 2023

Net Assets

Up

$104,216,493

Up $16,166,160 (+18%) from 2023

Revenue

Up

$1,607,586,867

Up $113,261,821 (+7.6%) from 2023

Expenses

Up

$1,607,225,180

Up $112,584,592 (+7.5%) from 2023

Net Income

Up

$361,687

Up $677,229 (+215%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600M$400M$200M$0Assets 2010: $312,733,523Liabilities 2010: $287,001,357Net Assets 2010: $25,732,1662010Assets 2011: $288,406,053Liabilities 2011: $260,983,871Net Assets 2011: $27,422,1822011Assets 2012: $303,255,753Liabilities 2012: $270,775,845Net Assets 2012: $32,479,9082012Assets 2013: $350,017,973Liabilities 2013: $313,851,458Net Assets 2013: $36,166,5152013Assets 2014: $350,307,979Liabilities 2014: $310,398,746Net Assets 2014: $39,909,2332014Assets 2015: $341,849,307Liabilities 2015: $299,426,547Net Assets 2015: $42,422,7602015Assets 2016: $371,851,633Liabilities 2016: $325,920,677Net Assets 2016: $45,930,9562016Assets 2017: $391,667,077Liabilities 2017: $342,692,981Net Assets 2017: $48,974,0962017Assets 2018: $405,525,516Liabilities 2018: $351,736,171Net Assets 2018: $53,789,3452018Assets 2019: $427,496,454Liabilities 2019: $369,547,635Net Assets 2019: $57,948,8192019Assets 2020: $447,690,732Liabilities 2020: $387,645,582Net Assets 2020: $60,045,1502020Assets 2021: $437,527,195Liabilities 2021: $372,553,828Net Assets 2021: $64,973,3672021Assets 2022: $519,315,059Liabilities 2022: $443,946,712Net Assets 2022: $75,368,3472022Assets 2023: $579,816,387Liabilities 2023: $491,766,054Net Assets 2023: $88,050,3332023Assets 2024: $558,897,912Liabilities 2024: $454,681,419Net Assets 2024: $104,216,4932024

Highlighted filing

2024

Assets$558,897,912
Liabilities$454,681,419
Net Assets$104,216,493

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0B$1.5B$1.0B$500M$0-$500MExpenses 2010: $1,164,695,3382010Expenses 2011: $1,148,463,3242011Expenses 2012: $1,144,292,6832012Revenue 2013: $1,198,798,957Expenses 2013: $1,198,744,760Net Income 2013: $54,1972013Revenue 2014: $1,254,791,457Expenses 2014: $1,254,672,480Net Income 2014: $118,9772014Revenue 2015: $1,220,889,910Expenses 2015: $1,220,734,029Net Income 2015: $155,8812015Revenue 2016: $1,262,689,509Expenses 2016: $1,261,234,373Net Income 2016: $1,455,1362016Revenue 2017: $1,308,240,876Expenses 2017: $1,308,044,804Net Income 2017: $196,0722017Revenue 2018: $1,387,727,965Expenses 2018: $1,387,497,176Net Income 2018: $230,7892018Revenue 2019: $1,343,281,930Expenses 2019: $1,343,105,032Net Income 2019: $176,8982019Revenue 2020: $1,302,836,659Expenses 2020: $1,302,575,315Net Income 2020: $261,3442020Revenue 2021: $1,335,264,173Expenses 2021: $1,334,505,600Net Income 2021: $758,5732021Revenue 2022: $1,459,022,371Expenses 2022: $1,459,000,797Net Income 2022: $21,5742022Revenue 2023: $1,494,325,046Expenses 2023: $1,494,640,588Net Income 2023: -$315,5422023Revenue 2024: $1,607,586,867Expenses 2024: $1,607,225,180Net Income 2024: $361,6872024

Highlighted filing

2024

Revenue$1,607,586,867
Expenses$1,607,225,180
Net Income$361,687

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$559$455$104$1,608$1,607$0.36
2023Detailed filing. Detailed filing data is available for this year.$580$492$88.1$1,494$1,495$0.32
2022Detailed filing. Detailed filing data is available for this year.$519$444$75.4$1,459$1,459$0.02
2021Detailed filing. Detailed filing data is available for this year.$438$373$65.0$1,335$1,335$0.76
2020Detailed filing. Detailed filing data is available for this year.$448$388$60.0$1,303$1,303$0.26
2019Detailed filing. Detailed filing data is available for this year.$427$370$57.9$1,343$1,343$0.18
2018Summary only. Only limited summary data is available for this year.$406$352$53.8$1,388$1,387$0.23
2017Summary only. Only limited summary data is available for this year.$392$343$49.0$1,308$1,308$0.20
2016Detailed filing. Detailed filing data is available for this year.$372$326$45.9$1,263$1,261$1.46
2015Detailed filing. Detailed filing data is available for this year.$342$299$42.4$1,221$1,221$0.16
2014Detailed filing. Detailed filing data is available for this year.$350$310$39.9$1,255$1,255$0.12
2013Detailed filing. Detailed filing data is available for this year.$350$314$36.2$1,199$1,199$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$303$271$32.5$1,144
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$288$261$27.4$1,148
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$313$287$25.7$1,165
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.2
Gross Receipts
$1,609,688,387
Mission and Program Overview

Mission

Central is a generation and transmission (g&t) cooperative supplying power to twenty member distribution cooperatives in south carolina. Central constructs transmission tap lines to serve substations owned by the distribution cooperatives.

Central exists to provide reliable power delivery for the benefit of our members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$323,836,858$329,737,162▲ $5,900,304
Accounts Receivable$143,469,760$144,826,625▲ $1,356,865
Rtn Earn Endowment Incm Other Fnds$88,049,160$104,215,320▲ $16,166,160
Savings and Temporary Cash Investments$45,651,189$22,618,186▼ $23,033,003
Investments Program Related$5,391,798$17,638,899▲ $12,247,101
Investments in Publicly Traded Securities$6,504,464$10,766,275▲ $4,261,811
Investments Other Securities$5,558,994$5,591,839▲ $32,845
Prepaid Expenses and Deferred Charges$25,048,586$3,864,934▼ $21,183,652
Inventories for Sale or Use$995,658$1,094,380▲ $98,722
Cash and Non-Interest-Bearing Accounts$7,689$1,472▼ $6,217
Cap Stk Tr Prin Current Funds$1,173$1,173→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$579,816,387$558,897,912▼ $20,918,475
Other Assets Total$23,351,391$22,758,140▼ $593,251
Liabilities
Mortgage Notes Payable Secured by Investment Property$316,498,672$276,082,131▼ $40,416,541
Accounts Payable and Accrued Expenses$153,131,601$174,365,420▲ $21,233,819
Other Liabilities$2,138,756$2,184,098▲ $45,342
Deferred Revenue$19,997,025$2,049,770▼ $17,947,255
Total Liabilities$491,766,054$454,681,419▼ $37,084,635
Net Assets / Fund Balance
Total Net Assets Fund Balance$88,050,333$104,216,493▲ $16,166,160
Total Liabilities and Net Assets / Fund Balance$579,816,387$558,897,912▼ $20,918,475

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$196,986,742$122,286,609$319,273,351
Land$96,590,080-$96,590,080
Other Land Buildings$25,553,544-$25,553,544
Buildings$10,606,796$2,785,672$13,392,468
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert HochstetlerPresident & CEOFT$976,000$528,812$1,504,812
Mryan ThomasSVP of Administration & CFOFT$397,482$139,126$536,608
James Cole PriceEvp of Member ServicesFT$385,823$136,699$522,522
William WareSVP of Engineering & Eng SvcsFT$273,400$161,672$435,072
Marcus HarrisSVP of Planning & Power SupplyFT$330,334$103,440$433,774
James TindalDirector of Transmission Design & ConstrFT$179,156$173,593$352,749
Kenneth MotsingerDirector of EngineeringFT$222,749$89,980$312,729
Gerald FlemingDirector of Power SupplyFT$205,812$103,772$309,584
Todd BerrianDirector of Right of Way ServicesFT$167,520$101,017$268,537
Dinah RavenCorporate ControllerFT$183,093$76,976$260,069
Leslie MaleyVP of Planning and Power SupplyFT$189,008$47,684$236,692
A Berl DavisChairmanPT$44,327$2,980$47,307
Douglas a ReevesVice ChairmanPT$40,230-$40,230
Terry W MallardTrusteePT$24,957$9,313$34,270
Robert G Ardis IiiTrusteePT$29,800$2,608$32,408
Mary B SheridanTrusteePT$20,488$8,568$29,056
E Paul BashaChairmanPT$24,957$3,353$28,310
Gary L StooksburyTrusteePT$20,488$3,725$24,213
James L LovinggoodTrusteePT$21,232-$21,232
G Keith AveryTrusteePT$20,860-$20,860
Charles E AdairTrusteePT$13,410$6,705$20,115
Chad T LowderSecretaryPT$19,370-$19,370
B Robert PaullingTrusteePT$18,253-$18,253
James M Bunton JrTrusteePT$11,548$6,705$18,253
Mark L WallingTrusteePT$18,253-$18,253
David EfelkelTrusteePT$17,507-$17,507
Anita P WhitneyTrusteePT$17,135-$17,135
Barbara F WestonTrusteePT$10,430$6,705$17,135
H Wayne DewittTrusteePT$17,135-$17,135
James L RoweTrusteePT$17,135-$17,135
Johnnie L DickertTrusteePT$11,175$5,960$17,135
Steve ChewningTrusteePT$16,762-$16,762
Kenneth T CarterTrusteePT$16,017-$16,017
Bruce BaconTrusteePT$14,900-$14,900
James a RisingerTrusteePT$13,783-$13,783
Matthew D StanleyTrusteePT$13,783-$13,783
Andy McknightTrusteePT$13,410-$13,410
Franklin C BlantonTrusteePT$12,665-$12,665
William L Fleming JrTrusteePT$11,920-$11,920
Carolyn BoydTrusteePT$11,547-$11,547
Travis BurrissTrusteePT$11,175-$11,175
Charles R SmithTrusteePT$10,803-$10,803
Franklin M Looper JrTrusteePT$10,803-$10,803
Mitchell RabonTrusteePT$10,430-$10,430
Brian W BroughtonTrusteePT$6,705$2,980$9,685
Charles R Sanders JrTrusteePT$9,685-$9,685
James C SpencerTrusteePT$8,940-$8,940
Jeffrey M LewisTrusteePT$8,940-$8,940
Dustin CatoeTrustee-$5,215-$5,215
Chad E StoneTrusteePT$3,725-$3,725
James E Stewart JrTrusteePT$745-$745

Board Members and Trustees

NameTitle
Danny ShelleyTrustee - See Schedule O
Michael FullerTrustee - See Schedule O

Highest Paid Contractors

ContractorServicesLocationCompensation
Lee Electrical Construction INCConstruction And MaintenancePOST OFFICE BOX 55, Aberdeen, NC 28315$3,974,618
Aces Power MarketingPower Supply Marketing4140 WEST 99TH STREET, Carmel, IN 46032$1,629,717
Tiencken Law Firm LLCLegal234 SEVEN FARMS DRIVE SUITE 114, Daniel Island, SC 29492$1,612,082
Bluroc LLCConstruction And Maintenance15 ATWOOD DRIVE SUITE 301, Northampton, MA 01060$1,267,106
Eversheds Sutherland LLCLegal999 PEACHTREE ST NE, Atlanta, GA 30309$970,098
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,600,234,933
Investment Income
$4,221,620
Other Revenue
$3,130,314
Change in Net Assets
$361,687

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,607,201,225
Revenue Not Reported on Financial Statements
$385,642
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$385,642
Total Revenue per Audited Statements
$1,607,201,225
Total Revenue per Form 990
$1,607,586,867
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,575,175,419
Salaries, Compensation, and Employee Benefits$13,419,281
Grants and Similar Amounts Paid$3,102,199
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$15,528,281
Depreciation Depletion---$15,310,917
Interest---$8,502,719
Fees for Services Other---$7,463,111
Other Salaries and Wages---$5,339,726
Current Officers, Directors, Trustees, and Key Employees---$4,182,516
Other Expenses---$3,782,903
Fees for Services Legal---$3,369,230
Grants to Domestic Orgs---$3,102,199
All Other Expenses---$2,027,432
Pension Plan Contributions---$1,849,296
Information Technology---$1,764,411
Other Employee Benefits---$1,442,736
Payroll Taxes---$605,007
Occupancy---$531,366
Insurance---$308,403
Conferences and Meetings---$278,255
Travel---$244,944
Office Expenses---$143,086
Fees for Services Accounting---$130,451
Fees for Services Lobbying---$70,233
Advertising---$14,435
Total Functional Expenses$0$0$0$1,607,225,180

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,607,225,180
Expenses per Audited Statements$1,591,672,944
Total Expenses per Audited Statements$1,591,672,944
Expenses Not Reported on Financial Statements$15,552,236
Other Expense Adjustments$15,552,236
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Coastal Electric Cooperative IncWalterboro, SC501(c)(12)Economic Development$1,000,000
York Electric Cooperative IncYork, SC501(c)(12)Economic Development$580,000
Lynches River Electric Cooperative IncPageland, SC501(c)(12)Economic Development$470,000
Santee Electric Cooperative IncKingstree, SC501(c)(12)Economic Development$280,000
Black River Electric CooperativeincSumter, SC501(c)(12)Economic Development$200,000
Tri-county Electric Cooperatice IncSt Matthews, SC501(c)(12)Economic Development$187,199
Little River Electric Cooperative IncAbbeville, SC501(c)(12)Economic Development$185,000
Berkeley Electric Cooperative IncMoncks Corner, SC501(c)(12)Economic Development$100,000
Horry Electric Cooperative IncConway, SC501(c)(12)Economic Development$100,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Asset Retirement Obligation$2,184,098
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Central's 19 member distribution cooperatives each have representation of two members to the board. These representatives consist of the cooperative's chief executive officer and a member of the cooperative's board of trustees. In each case, these two people would have a business relationship outside of central's board. Board members also serve on various other cooperative related boards together.

Form 990, Part VI, Section A, Line 6

Central's membership consists of nineteen distribution cooperatives with representation of two trustees each on central's board.

Form 990, Part VI, Section A, Line 7A

Each distribution cooperative elects one board member from its own board of trustees.

Form 990, Part VI, Section B, Line 11B

A complete copy of the return was reviewed by the finance, audit and risk committee and then provided to the full board.

Form 990, Part VI, Section B, Line 12C

Annual conflict of interest certification and disclosure form signed by each board member and retained for records

Form 990, Part VI, Section B, Line 15

Every three years central hires an outside consultant to perform an independent salary study. The consultant reviews the job descriptions of all central employees, including the ceo, officers and key employees. Salary grade scales are applied to each position and a salary range determined. In addition, market comparables are reviewed for the ceo and senior staff. The results of the study are reviewed by the board and recommendations implemented.

Form 990, Part VI, Section C, Line 19

Not available for public inspection.

Part VII, Section A - Per Diem Paid to Cooperative

Two trustees did not receive compensation for serving on the board of trustees because compensation was paid directly to the cooperative employing the individual. Danny shelley is employed by horry electric cooperative and the per diem related to his board service, in the amount of $14,528, was paid directly to that cooperative. Michael s. Fuller is employed by berkeley electric cooperative and the per diem related to his board service, in the amount of $23,840, was paid directly to that cooperative.

Filing and Contact Details

Filer

Filer Name
Central Electric Power Cooperative Inc
EIN
57-0299350
Phone
8037794975
Address
20 COOPERATIVE WAY, COLUMBIA, SC 29210

Signing Officer

Name
Ryan Thomas
Title
SVP of Administration and CFO
Phone
8037794975
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ryan Thomas
Formed
1948
Legal Domicile
Sc
Voting Board Members
38
Independent Board Members
38
Employees
62
Volunteers
0

Preparer

Firm
Bauknight Pietras & Stormer Pa
Address
1501 MAIN ST SUITE 600, COLUMBIA, SC 29201
Preparer
Shellie S Johnson
Phone
8037718943
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Margins allocated to members 15,528,281. Other comprehensive margin related to postretirement benefit obligation 285,530. Other comprehensive margin related to executive benefit obligation 305,286. Central electric power cooperative retiree welfare benefit trust 34-7164073 -361,687. Other comprehensive margin related to unrealized investment gain/loss 47,063.

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Central electric power cooperative retiree welfare benefit trust #34-7164073 385,642.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Margins allocated to members 15,528,281. Central electric power cooperative retiree welfare benefeit trust 34-7164073 23,955.

Raw XML AppendixShowing 400 of 1,125 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0CENTRAL EXISTS SOLELY FOR THE BENEFIT OF ITS MEMBERS. WE WILL PROVIDE A RELIABLE, LONG TERM, AND STABLE SUPPLY OF POWER, WHICH ACCOMMODATES GROWTH, AT THE LOWEST POSSIBLE COST CONSISTENT WITH GOOD UTILITY PRACTICE. WE WILL PROVIDE FOR RELIABLE DELIVERY OF POWER, WHEN AND WHERE DESIRED, CONSISTENT WITH APPLICABLE GUIDELINES. WE WILL PROVIDE ADDITIONAL ENERGY-RELATED OR DELIVERY-RELATED SERVICES AS DIRECTED BY THE BOARD OF TRUSTEES.
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