NonprofitsNorthwest Iowa Power Cooperative

Northwest Iowa Power Cooperative

LE MARS, IA

Total revenue

$114.6M

Total expenses

$114.0M

Net assets

$98.4M

Grants received

EIN

420723014

Tax year

2024

Mission

Wholesale electricity sales to its member cooperatives.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$113.7M
Investment income$259K
Other revenue$623K
Total revenue$114.6M

Expenses

Grants paid$7K
Salaries & benefits$6.6M
Fundraising
Other expenses$101.5M
Total expenses$114.0M
Total assets$279.0M
Net assets$98.4M

People

15 listed

NameRoleCompensation

MATTHEW WASHBURN

EXEC. VP & GENERAL MANAGER

Board

$305K

44 hrs/wk

JANE SCHEITLER

CFO

Board

$152K

41 hrs/wk

LOUIS REED

PRESIDENT

Board

$18K

10 hrs/wk

JAMES ELSE

DIRECTOR

Board

$14K

9 hrs/wk

RONALD STEINHOFF

VICE PRESIDENT

Board

$13K

9 hrs/wk

THOMAS WAGNER

TREASURER

Board

$11K

8 hrs/wk

BRENDA LUNDERGARD

DIRECTOR

Board

$11K

8 hrs/wk

TRENT WILL

SECRETARY

Board

$10K

7 hrs/wk

BRYAN GREVE

DIRECTOR

Board

$7K

6 hrs/wk

JAYME HUBER

VP OF ENGINEERING SERVICES

Staff

$178K

41 hrs/wk

STEVE SPIELER

CIO

Staff

$164K

41 hrs/wk

MARK NELSON

POWER DISPATCHING MANAGER

Staff

$139K

41 hrs/wk

MICHAEL J PERSINGER

APPARATUS SERVICES MANAGER

Staff

$137K

41 hrs/wk

THOMAS BERKENPAS

TRANSMISSION SUPERINTENDEN

Staff

$132K

43 hrs/wk

GRANT OLIVER

CREW FOREMAN

Staff

$130K

43 hrs/wk

Independent contractors

WATTS ELECTRIC COMPANY

TRANSMISSION LINE CONSTRUCTION

$9.0M

L&L BUILDERS CO

OUTPOST BUILDING CONSTRUCTION

$1.8M

N&M POWER COMPANY

SWITCH STATION CONSTRUCTION

$359K

SCHOON CONSTRUCTION INC

FIBER BORING

$264K

CARDIS MFG CO INC

INSTALL FENCING

$172K

Details

EIN420723014
Subsection12
Ruling date1958-09
Formed1949
Employees48
Volunteers0
NORTHWEST IOWA POWER COOPERATIVE — Mission, Financials & Grants Received | Grantivo