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Filing year 2024

CENTRAL IOWA POWER COOPERATIVE

Cedar Rapids, Iowa·EIN 42-0652127·12
Total revenue
$224.8M
Total assets
$910.5M
Total expenses
$204.5M
Reported officers
26
Mission

ELECTRIC GENERATION AND TRANSMISSION COOPERATIVE

Executive compensation, broken down

Form 990 · Schedule J · 26 reported individuals · Filing year 2024

Executive Vice President & CEO
$468k
$504k
Base
$415k
Bonus
Other
$9k
Benefits
$28k
VP Utility Operations
vice president
$310k
$333k
Base
$243k
Bonus
Other
$12k
Benefits
$31k
VP Information Technology
vice president
$300k
$323k
Base
$243k
Bonus
Other
$14k
Benefits
$30k
VP Portfolio Strategy & Planning
vice president
$288k
$310k
Base
$237k
Bonus
Other
$6k
Benefits
$25k
$260k
$280k
Base
$224k
Bonus
Other
$12k
Benefits
$17k
VP Communications & Corp Relations
vice president
$231k
$248k
Base
$186k
Bonus
Other
$10k
Benefits
$24k
VP Human Resources
vice president
$229k
$246k
Base
$201k
Bonus
Other
$5k
Benefits
$11k
Director, Engineering & Operations
$215k
$232k
Base
$168k
Bonus
Other
$7k
Benefits
$30k
Director of Finance
$211k
$227k
Base
$169k
Bonus
Other
$2k
Benefits
$27k
Director, Generation Assets
highest compensated employee
$208k
$224k
Base
$164k
Bonus
Other
$6k
Benefits
$26k
Manager of IT Security & Compliance
highest compensated employee
$193k
$207k
Base
$158k
Bonus
Other
$476
Benefits
$28k
Manager of Environmental & Safety
highest compensated employee
$184k
$198k
Base
$149k
Bonus
Other
$4k
Benefits
$21k
Board President
board president
$61k
$66k
Board Director
board member
$44k
$47k
Board Vice President
board president
$40k
$43k
Board Director
board member
$40k
$43k
Board Director
board member
$36k
$39k
Board Director
board member
$36k
$39k
Board Director
board member
$32k
$34k
Board Asst Secretary/treasurer
officer (unspecified)
$27k
$29k
Board Director
board member
$25k
$27k
Board Director
board member
$22k
$24k
Board Director
board member
$21k
$23k
Board Director
board member
$20k
$21k
Board Secretary/treasurer
officer (unspecified)
$7k
$7k
Part-year Board Director
board member
$2k
$2k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Up 25%
from 2023

From $373k in 2023 to $468k in 2024.

$373k
2023
$468k
2024
In today's dollarsEst.
Up 22% in real terms$412k to $504k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

CENTRAL IOWA POWER COOPERATIVE reported revenue and expenses across 2 filing years.

RevenueExpenses
$217.8M
$205.7M
2023
$224.8M
$204.5M
2024
Total revenue and total expenses from IRS Form 990 filings.
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