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Filing year 2024

CENTRAL IOWA POWER COOPERATIVE

Cedar Rapids, Iowa·EIN 42-0652127·501(c)(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 · Part VII & Schedule J · 26 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Executive Vice President & CEO
Above 90th percentile
$468k
$504k
Base
$415k
Bonus
Other
$9k
Benefits
$28k
VP Utility Operations
Vice President
Above 90th percentile
$310k
$333k
Base
$243k
Bonus
Other
$12k
Benefits
$31k
VP Information Technology
Vice President
Above 90th percentile
$300k
$323k
Base
$243k
Bonus
Other
$14k
Benefits
$30k
VP Portfolio Strategy & Planning
Vice President
Above 90th percentile
$288k
$310k
Base
$237k
Bonus
Other
$6k
Benefits
$25k
VP & CFO
75th to 90th percentile
$260k
$280k
Base
$224k
Bonus
Other
$12k
Benefits
$17k
VP Communications & Corp Relations
Vice President
75th to 90th percentile
$231k
$248k
Base
$186k
Bonus
Other
$10k
Benefits
$24k
VP Human Resources
Vice President
75th to 90th percentile
$229k
$246k
Base
$201k
Bonus
Other
$5k
Benefits
$11k
Director, Engineering & Operations
75th to 90th percentile
$215k
$232k
Base
$168k
Bonus
Other
$7k
Benefits
$30k
Director of Finance
75th to 90th percentile
$211k
$227k
Base
$169k
Bonus
Other
$2k
Benefits
$27k
Director, Generation Assets
Highest Compensated Employee
Median to 75th percentile
$208k
$224k
Base
$164k
Bonus
Other
$6k
Benefits
$26k
Manager of IT Security & Compliance
IT Manager
75th to 90th percentile
$193k
$207k
Base
$158k
Bonus
Other
$476
Benefits
$28k
Manager of Environmental & Safety
Highest Compensated Employee
Median to 75th percentile
$184k
$198k
Base
$149k
Bonus
Other
$4k
Benefits
$21k
Board President
75th to 90th percentile
$61k
$66k
Board Director
Board Member
Median to 75th percentile
$44k
$47k
Board Vice President
Board President
Median to 75th percentile
$40k
$43k
Board Director
Board Member
Median to 75th percentile
$40k
$43k
Board Director
Board Member
Median to 75th percentile
$36k
$39k
Board Director
Board Member
Median to 75th percentile
$36k
$39k
Board Director
Board Member
Median to 75th percentile
$32k
$34k
Board Asst Secretary/treasurer
Officer (Unspecified)
$27k
$29k
Board Director
Board Member
Median to 75th percentile
$25k
$27k
Board Director
Board Member
Median to 75th percentile
$22k
$24k
Board Director
Board Member
Median to 75th percentile
$21k
$23k
Board Director
Board Member
Median to 75th percentile
$20k
$21k
Board Secretary/treasurer
Officer (Unspecified)
$7k
$7k
Part-year Board Director
Board Member
10th to 25th percentile
$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.

Pay for the position

Chief Executive Officer pay rose 25% from 2023 to 2024, while revenue rose 3%.

$373k in 2023 to $468k in 2024.
  • Vice President pay rose 5% from 2023 to 2024.
  • Chief Financial Officer pay rose 30% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

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.
FAQ

Common questions about CENTRAL IOWA POWER COOPERATIVE

What does the Chief Executive Officer of CENTRAL IOWA POWER COOPERATIVE earn?

In 2024, the Chief Executive Officer of CENTRAL IOWA POWER COOPERATIVE received $468,438 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at CENTRAL IOWA POWER COOPERATIVE compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at CENTRAL IOWA POWER COOPERATIVE falls in the top 10%.

What are CENTRAL IOWA POWER COOPERATIVE's revenue and expenses?

In 2024, CENTRAL IOWA POWER COOPERATIVE reported $224.8M in total revenue and $204.5M in total expenses on its IRS Form 990.

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