NonprofitsWestern Iowa Power Cooperative

Western Iowa Power Cooperative

DENISON, IA

Total revenue

$14.9M

Total expenses

$14.3M

Net assets

$30.4M

Grants received

EIN

391884367

Tax year

2024

Mission

To provide electric service to members.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$14.1M
Investment income$49K
Other revenue$776K
Total revenue$14.9M

Expenses

Grants paid$7K
Salaries & benefits$443K
Fundraising
Other expenses$13.4M
Total expenses$14.3M
Total assets$60.3M
Net assets$30.4M

People

18 listed

NameRoleCompensation

MARCUS RIHNER - EVP AND

GENERAL MANAGER UNTIL 12/2024

Board

$157K

45 hrs/wk

STEPHANIE WIESE - ASST MGR

DIR MBR SERV/INTERIM GM FROM 12/2024

Board

$145K

40 hrs/wk

MIKE BLUM

ASST SECRETARY/TREASURER

Board

$10K

5.8 hrs/wk

JANET IVERSEN

CHAIRMAN

Board

$9K

4.3 hrs/wk

KENNETH SMITH

DIRECTOR

Board

$6K

3.2 hrs/wk

CRAIG RIESBURG

TREASURER

Board

$6K

2.8 hrs/wk

DAVID CARLSON

DIRECTOR UNTIL 08/2024

Board

$5K

1.5 hrs/wk

PETER ALEXANDER

SECRETARY

Board

$5K

1.8 hrs/wk

LOUIS REED

DIRECTOR

Board

$4K

3.7 hrs/wk

GARY VOLKERT

DIRECTOR

Board

$4K

0.8 hrs/wk

BRIAN LUNDELL

DIRECTOR

Board

$3K

2.3 hrs/wk

ROSS WOOD

VICE CHAIR

Board

$3K

1.5 hrs/wk

BART HEISTERKAMP

DIRECTOR FROM 09/2024

Board

$1K

1.3 hrs/wk

JOHN AKERS

OPERATIONS MANAGER

Staff

$146K

40 hrs/wk

JUSTIN PARKS

CFO

Staff

$125K

40 hrs/wk

CAMERON YOULL

FOREMAN

Staff

$119K

43.5 hrs/wk

MARK TROTTER

FOREMAN/STAKING TECHNICIAN

Staff

$115K

44.4 hrs/wk

CHRISTOPHER MERRITT

FOREMAN

Staff

$112K

42.8 hrs/wk

Independent contractors

STAR ENERGY SERVICES

MAPPING SERVICES/POLE & TRANSFORMER INSP

$176K

QUALITY COMMUNICATIONS

URD/BORING SERVICES

$146K

Details

EIN391884367
Subsection12
Ruling date1997-12
Formed1997
Employees35
Volunteers0
WESTERN IOWA POWER COOPERATIVE — Mission, Financials & Grants Received | Grantivo