NonprofitsMaquoketa Valley Rural Electric Cooperative

Maquoketa Valley Rural Electric Cooperative

ANAMOSA, IA

Total revenue

$45.6M

Total expenses

$41.9M

Net assets

$48.5M

Grants received

EIN

420394605

Tax year

2024

Mission

Provide reliable, quality electric, internet and telephone services to members.

Programs

1 program

Maquoketa Valley Electric Cooperative provides internet service to 7,515 members and VoIP phone service to 553 members throughout its service territory.

Financials

FY 2024

Revenue

Contributions & grants$101K
Program service revenue$43.4M
Investment income$88K
Other revenue$2.0M
Total revenue$45.6M

Expenses

Grants paid$22K
Salaries & benefits$1.5M
Fundraising
Other expenses$39.2M
Total expenses$41.9M
Total assets$169.7M
Net assets$48.5M

People

18 listed

NameRoleCompensation

Jeremy Richert

CEO/Executive Vice President

Board

$258K

55 hrs/wk

Kelly Gibbs

Chief Financial Officer

Board

$170K

50 hrs/wk

Billie Zumbach

Director/Secretary

Board

$12K

5 hrs/wk

Judy Gotto

Treasurer

Board

$11K

5.5 hrs/wk

Ron Thielen

President/Director

Board

$11K

6.5 hrs/wk

Scott Minzenmeyer

Director/Assistant Secretary

Board

$11K

6.5 hrs/wk

Thomas Stewart

Vice President/President

Board

$9K

5.8 hrs/wk

Charles McCullough

Assistant Secretary (until Aug 2024)

Board

$7K

4.4 hrs/wk

Charlie Peters

Director/Secretary/Vice President

Board

$6K

4 hrs/wk

Todd Wiedenman

Director (beg Aug 2024)

Board

$5K

10 hrs/wk

Brett Nagel

Director (beg Aug 2024)

Board

$4K

3 hrs/wk

Eugene Manternach

Secretary/Director

Board

$4K

4 hrs/wk

Larry Swanson

Director (until Aug 2024)

Board

$4K

8 hrs/wk

Brent Wegmann

Director of IT

Staff

$162K

50 hrs/wk

Dan Schulte

Director of Operations

Staff

$152K

55 hrs/wk

Tony Sheridan

Lead Lineman - Foreman

Staff

$136K

45.6 hrs/wk

Dean Koopmann

Director of Tech Services

Staff

$135K

50 hrs/wk

Tony Marbach

Lead Lineman - Foreman

Staff

$130K

44.8 hrs/wk

Independent contractors

Corridor Network Construction Inc

Fiber network construction & maintenance

$2.7M

Burken Underground LLC

Underground boring

$132K

USIC Locating Services LLC

Underground Locates

$115K

WIN LLC

Fiber access charges

$101K

Details

EIN420394605
Subsection12
Ruling date1937-08
Formed1936
Employees85
Volunteers0
MAQUOKETA VALLEY RURAL ELECTRIC COOPERATIVE — Mission, Financials & Grants Received | Grantivo