NonprofitsCentral Iowa Power Cooperative

Central Iowa Power Cooperative

CEDAR RAPIDS, IA

Total revenue

$224.8M

Total expenses

$204.5M

Net assets

$265.0M

Grants received

EIN

420652127

Tax year

2024

Mission

Electric generation and transmission cooperative

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$216.2M
Investment income$6.1M
Other revenue$2.5M
Total revenue$224.8M

Expenses

Grants paid
Salaries & benefits$14.6M
Fundraising
Other expenses$181.9M
Total expenses$204.5M
Total assets$910.5M
Net assets$265.0M

People

26 listed

NameRoleCompensation

ANDREW ST JOHN

EXECUTIVE VICE PRESIDENT & CEO

Board

$424K

40 hrs/wk

PAUL HOFMAN

VP INFORMATION TECHNOLOGY

Board

$257K

40 hrs/wk

DANIEL BURNS

VP UTILITY OPERATIONS

Board

$255K

40 hrs/wk

KENDRA GRAVES

VP PORTFOLIO STRATEGY & PLANNING

Board

$243K

40 hrs/wk

DAVID NICHOLSON

VP & CFO

Board

$235K

40 hrs/wk

MEMOREA SCHRADER

VP HUMAN RESOURCES

Board

$206K

40 hrs/wk

KERRY KOONCE

VP COMMUNICATIONS & CORP RELATIONS

Board

$196K

40 hrs/wk

PAUL HEINEMAN

BOARD PRESIDENT

Board

$61K

18 hrs/wk

GARY KESTER

BOARD DIRECTOR

Board

$44K

14.75 hrs/wk

DAN WESTPHAL

BOARD VICE PRESIDENT

Board

$40K

11.4 hrs/wk

RANDY ROUSE

BOARD DIRECTOR

Board

$40K

5.83 hrs/wk

KIRK HILAND

BOARD DIRECTOR

Board

$36K

10.83 hrs/wk

GARY MCKENNA

BOARD DIRECTOR

Board

$36K

10.5 hrs/wk

ARDEN GREINER

BOARD DIRECTOR

Board

$32K

10.73 hrs/wk

DUANE VER PLOEG

BOARD ASST SECRETARY/TREASURER

Board

$27K

8.4 hrs/wk

TIM LARSEN

BOARD DIRECTOR

Board

$25K

8.88 hrs/wk

DALE WALKUP

BOARD DIRECTOR

Board

$22K

7 hrs/wk

STEVE BIRELINE

BOARD DIRECTOR

Board

$21K

7.25 hrs/wk

CRAIG STALLMAN

BOARD DIRECTOR

Board

$20K

8.25 hrs/wk

GENE MANTERNACH

BOARD SECRETARY/TREASURER

Board

$7K

6.08 hrs/wk

RONALD THIELEN

PART-YEAR BOARD DIRECTOR

Board

$2K

1 hrs/wk

TERRY FETT

DIRECTOR, ENGINEERING & OPERATIONS

Staff

$175K

40 hrs/wk

MICHELLE SOYER

DIRECTOR OF FINANCE

Staff

$170K

40 hrs/wk

SAMUEL STINEMAN

DIRECTOR, GENERATION ASSETS

Staff

$170K

40 hrs/wk

CHAD MILLER

MANAGER OF IT SECURITY & COMPLIANCE

Staff

$158K

40 hrs/wk

REX BUTLER

MANAGER OF ENVIRONMENTAL & SAFETY

Staff

$153K

40 hrs/wk

Independent contractors

HEARTLAND DIVIDE WIND PROJECT

ELECTRIC ENERGY

$10.5M

ITC HOLDINGS CORP

TRANSMISSION MAINTENANCE

$4.1M

ACES POWER MARKETING

ENERGY MANAGEMENT

$831K

DOWNTOWER CONNECT LLC

ELECTRIC ENERGY

$700K

SULLIVAN & WARD PC

LEGAL SERVICES

$306K

Details

EIN420652127
Subsection12
Ruling date1951-07
Formed1946
Employees126
Volunteers0
CENTRAL IOWA POWER COOPERATIVE — Mission, Financials & Grants Received | Grantivo