NonprofitsMidland Power Cooperative

Midland Power Cooperative

BOONE, IA

Total revenue

$60.1M

Total expenses

$54.4M

Net assets

$88.2M

Grants received

EIN

421378565

Tax year

2024

Mission

Sale of electricity to members in central iowa.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$58.0M
Investment income$2.1M
Other revenue$21K
Total revenue$60.1M

Expenses

Grants paid$8K
Salaries & benefits$4.6M
Fundraising
Other expenses$47.2M
Total expenses$54.4M
Total assets$169.3M
Net assets$88.2M

People

21 listed

NameRoleCompensation

WILLIAM MCKIM

CEO

Board

$219K

50.5 hrs/wk

DAN KYLE

VP OF OPERATIONS

Board

$142K

42 hrs/wk

JILL GANNON

VP OF ADMINISTRATION

Board

$137K

41.9 hrs/wk

MIKE COLEMAN

PRESIDENT

Board

$18K

8.7 hrs/wk

JOEL SKOW

ASSIST SECRETARY/TREASURER

Board

$12K

6.4 hrs/wk

JAMES BYRIEL

DIRECTOR

Board

$11K

5.4 hrs/wk

KIMBERLEY RINKER

TREASURER

Board

$9K

4.5 hrs/wk

JAMES VIEKANDT

DIRECTOR

Board

$7K

1.7 hrs/wk

TOM INGEBRITSON

DIRECTOR (UNTIL 08/24)

Board

$7K

5.1 hrs/wk

RICK THOMPSON

VICE PRESIDENT

Board

$7K

2.9 hrs/wk

PAUL HEINEMAN

DIRECTOR

Board

$6K

3.1 hrs/wk

RANDY CHRISTENSEN

SECRETARY

Board

$6K

3.5 hrs/wk

WILLIAM HARLEEN

DIRECTOR

Board

$6K

3.1 hrs/wk

DOUG ROBEY

DIRECTOR

Board

$5K

3 hrs/wk

PAUL SKARTVEDT

DIRECTOR (BEG 07/24)

Board

$4K

1.3 hrs/wk

FRANCIS BUCKEL

DIRECTOR (BEG 08/24)

Board

$4K

3 hrs/wk

SCOTT BENZ

LINE FOREMAN

Staff

$151K

57.5 hrs/wk

JUSTIN SCHMIDT

LINE FOREMAN

Staff

$143K

49.9 hrs/wk

BARRY MUNSON

LINE FOREMAN

Staff

$134K

48.1 hrs/wk

BRIAN KILLEEN

LINE SUPERINTENDENT

Staff

$130K

41.5 hrs/wk

LUCAS SHIPLEY

LINEMAN

Staff

$122K

48.1 hrs/wk

Independent contractors

HENKEL CONSTRUCTION COMPANY

BUILDER FOR WAREHOUSE

$1.1M

INTEGRITY CONTRACTING

POWERLINE CONTRACTOR

$847K

FRIEST TREE EXPERTS LLC

VEGETATION CONTROL

$750K

HIGHLINE CONSTRUCTION

POWERLINE CONTRACTOR

$717K

ENOVUS

MANAGEMENT COMPANY

$505K

Details

EIN421378565
Subsection12
Ruling date1992-09
Formed1991
Employees54
Volunteers0
MIDLAND POWER COOPERATIVE — Mission, Financials & Grants Received | Grantivo