NonprofitsLinn County Rural Electric Cooperative Association

Linn County Rural Electric Cooperative Association

MARION, IA

Total revenue

$70.6M

Total expenses

$65.5M

Net assets

$97.7M

Grants received

EIN

420381704

Tax year

2024

Mission

Providing electrical service to the members of the cooperative.

Programs

2 programs

Cooperative distributed purchased power to members over 2,515 miles of distribution line.

The cooperative billed 34,266 services on a monthly basis.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$66.7M
Investment income$269K
Other revenue$3.6M
Total revenue$70.6M

Expenses

Grants paid
Salaries & benefits$709K
Fundraising
Other expenses$61.3M
Total expenses$65.5M
Total assets$222.9M
Net assets$97.7M

People

14 listed

NameRoleCompensation

TERRY SULLIVAN

GM/CEO

Board

$278K

40 hrs/wk

JENNIFER FEDDERSEN

CONTROLLER

Board

$139K

40 hrs/wk

GARY SCHLOTTERBACK

SECRETARY

Board

$30K

6.7 hrs/wk

GARY SCHROPP

PRESIDENT

Board

$27K

3.93 hrs/wk

RON O'NEIL

ASST SECRETARY

Board

$22K

5.97 hrs/wk

KENNETH SQUIRES

VICE PRESIDENT

Board

$16K

3.85 hrs/wk

JEANNA SAGER

DIRECTOR

Board

$12K

2.56 hrs/wk

LISA ROSE

TREASURER

Board

$10K

2.39 hrs/wk

KIRK HILAND

DIRECTOR

Board

$9K

2.71 hrs/wk

KEVIN STUCKER

ENGINEERING MANAGER

Staff

$175K

40 hrs/wk

NICHOLAS HOLUB

LINEMAN

Staff

$157K

40 hrs/wk

ROBIN POSPISIL

HR MANAGER

Staff

$142K

40 hrs/wk

NABIN KANDEL

PRINCIPAL ENGINEER

Staff

$141K

40 hrs/wk

DAN APPELHANS

LINE SUPERINTENDENT

Staff

$139K

40 hrs/wk

Independent contractors

SWICK CABLE CONSTRUCTION

ELECTRICAL CONTRACTOR

$1.9M

INTREN

ELECTRICAL CONTRACTOR

$1.6M

ASPLUNDH

ROW/TREE TRIMMING CONTRACTOR

$1.2M

EILERTSON

ELECTRICAL CONTRACTOR

$763K

USIC

LOCATING CONTRACTOR

$450K

Details

EIN420381704
Subsection12
Ruling date1939-03
Formed1938
Employees76
Volunteers0
LINN COUNTY RURAL ELECTRIC COOPERATIVE ASSOCIATION — Mission, Financials & Grants Received | Grantivo