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Filing year 2024

CORN BELT POWER COOPERATIVE

Humboldt, Iowa·EIN 42-0655796·12
Total revenue
$171.6M
Total assets
$570.1M
Total expenses
$168.9M
Reported officers
23
Mission

To enhance the quality of life for our members, employees and communities.

Executive compensation, broken down

Form 990 · Schedule J · 23 reported individuals · Filing year 2024

Executive VP and General Manager
executive vice president
$346k
$372k
Base
$278k
Bonus
Other
$2k
Benefits
$31k
VP Engineering and System Operations
vice president
$311k
$334k
Base
$153k
Bonus
Other
$12k
Benefits
$32k
Executive VP and General Manager
executive vice president
$292k
$314k
Base
$208k
Bonus
Other
$27k
Benefits
$6k
Plant Manager
highest compensated employee
$276k
$297k
Base
$153k
Bonus
Other
$15k
Benefits
$30k
VP Power Supply
vice president
$270k
$291k
Base
$173k
Bonus
Other
$30k
Benefits
$25k
VP Corporate Relations
vice president
$258k
$277k
Base
$189k
Bonus
Other
$14k
Benefits
$32k
Sr VP Finance and Administration
vice president
$257k
$276k
Base
$135k
Bonus
Other
$25k
Benefits
$17k
Compliance Director
highest compensated employee
$223k
$240k
Base
$147k
Bonus
Other
$2k
Benefits
$34k
VP Business Development
vice president
$214k
$230k
Base
$174k
Bonus
Other
$3k
Benefits
$4k
Row & Construction Superintendent
highest compensated employee
$211k
$226k
Base
$133k
Bonus
Other
$9k
Benefits
$32k
Communications Superintendent
highest compensated employee
$183k
$197k
Base
$125k
Bonus
Other
$13k
Benefits
$15k
VP Finance and Administration
vice president
$168k
$180k
Base
$120k
Bonus
Other
$7k
Benefits
$21k
Chief System Operator
highest compensated employee
$154k
$166k
Base
$134k
Bonus
Other
$4k
Benefits
$2k
Sr Vp, Engineering
vice president
$97k
$104k
Base
$95k
Bonus
Other
$8k
Benefits
$8k
$22k
$24k
Director
board member
$20k
$22k
Vice President
vice president
$18k
$19k
Treasurer
officer (unspecified)
$17k
$19k
Director
board member
$17k
$18k
Director
board member
$16k
$17k
Secretary
officer (unspecified)
$15k
$17k
Asst Secretary/treasurer
officer (unspecified)
$15k
$16k
Director
board member
$11k
$11k

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.

Down 37%
from 2023

From $553k in 2023 to $346k in 2024.

$553k
2023
$346k
2024
In today's dollarsEst.
Down 39% in real terms$611k to $372k

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

CORN BELT POWER COOPERATIVE reported revenue and expenses across 2 filing years.

RevenueExpenses
$172.6M
$171.2M
2023
$171.6M
$168.9M
2024
Total revenue and total expenses from IRS Form 990 filings.
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