NonprofitsEast-Central Iowa Rural Electric Cooperative

East-Central Iowa Rural Electric Cooperative

URBANA, IA

Total revenue

$27.2M

Total expenses

$25.3M

Net assets

$44.5M

Grants received

EIN

421445092

Tax year

2024

Mission

East central iowa rural electric cooperative provides electric energy service to approximately 7,260 members to parts of 11 counties in east-central iowa. It's primary mission is to provide the best possible electrical service to its members at the lowest possible cost.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$25.7M
Investment income$125K
Other revenue$1.4M
Total revenue$27.2M

Expenses

Grants paid
Salaries & benefits$715K
Fundraising
Other expenses$23.4M
Total expenses$25.3M
Total assets$91.7M
Net assets$44.5M

People

16 listed

NameRoleCompensation

TERESA FLOYD

CEO

Board

$182K

40 hrs/wk

GARY MCKENNA

DIRECTOR

Board

$8K

2.31 hrs/wk

JEFF ELLIOTT

VICE PRESIDENT

Board

$8K

2.83 hrs/wk

JULIE KESTER

SECRETARY/TREASURER

Board

$7K

1.98 hrs/wk

STEVE RAU

PRESIDENT

Board

$7K

3 hrs/wk

NICK DONLEA

DIRECTOR

Board

$6K

1.14 hrs/wk

DONALD SHONKA

DIRECTOR

Board

$5K

2.12 hrs/wk

GARY COOK

DIRECTOR

Board

$5K

1.19 hrs/wk

BRIAN MCNULTY

DIRECTOR

Board

$4K

0.92 hrs/wk

PETE BURMEISTER

ASSISTANT SECRETARY/TREASURER

Board

$4K

0.77 hrs/wk

RYAN KRESS

DIRECTOR

Board

$2K

0.54 hrs/wk

THOMAS SCHMITT

OPERATIONS MANAGER

Staff

$127K

40 hrs/wk

ADAM R ALBERTSEN

MEMBER SERVICE MANGER

Staff

$107K

40 hrs/wk

NATHAN GROOM

INFORMATION SYSTEMS MANAGER

Staff

$105K

40 hrs/wk

JARED GROVER

LINEWORKER

Staff

$105K

40 hrs/wk

BRAXTON CLUBB

LINEWORKER

Staff

$104K

40 hrs/wk

Independent contractors

HIGHLINE CONSTRUCTION INC

DISTRIBUTION LINE REBUILD

$995K

CRC TRENCHING CO

BORING/TRENCHING

$267K

UTILITY SERVICE CONTRACTORS

DISTRIBUTION LINE REBUILD

$136K

Details

EIN421445092
Subsection12
Ruling date1996-02
Formed1995
Employees37
Volunteers0
EAST-CENTRAL IOWA RURAL ELECTRIC COOPERATIVE — Mission, Financials & Grants Received | Grantivo