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Filing year 2024

EASTERN IOWA LIGHT & POWER COOPERATIVE

Wilton, Iowa·EIN 42-0228180·501(c)(12)
Total revenue
$68.5M
Total assets
$211.6M
Total expenses
$66.9M
Reported officers
25
Mission

EASTERN IOWA REC IS COMMITTED TO PROVIDING SAFE, RELIABLE AND AFFORDABLE OFFERINGS TO OUR MEMBERS TO ENHANCE THEIR QUALITY OF LIFE.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 25 reported individuals · Filing year 2024

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

CEO
Above 90th percentile
$456k
$491k
Base
$286k
Bonus
$65
Other
$18k
Benefits
$23k
Manager of Operation Techn
Operations Manager
75th to 90th percentile
$217k
$233k
Base
$137k
Bonus
$100
Other
$4k
Benefits
$15k
Division Manager of Member
Highest Compensated Employee
Median to 75th percentile
$213k
$229k
Base
$165k
Bonus
$95
Other
$900
Benefits
$2k
Senior Project Consultant
Highest Compensated Employee
Median to 75th percentile
$205k
$220k
Base
$151k
Bonus
$75
Other
$3k
Benefits
$18k
Substation Foreman
Highest Compensated Employee
Median to 75th percentile
$201k
$217k
Base
$132k
Bonus
$135
Other
$2k
Benefits
$6k
Division Manager of Operat
Highest Compensated Employee
Median to 75th percentile
$198k
$213k
Base
$148k
Bonus
$350
Other
$321
Benefits
$16k
Division Manager of Accoun
Officer (Unspecified)
$195k
$209k
Base
$149k
Bonus
$380
Other
$588
Benefits
$14k
President
10th to 25th percentile
$21k
$22k
Director
Board Member
Median to 75th percentile
$19k
$21k
Secretary
Officer (Unspecified)
$17k
$18k
Treasurer
Officer (Unspecified)
$17k
$18k
Director
Board Member
25th percentile to median
$15k
$16k
Director
Board Member
25th percentile to median
$15k
$16k
Vice President
25th percentile to median
$15k
$16k
Asst. Secretary
Officer (Unspecified)
$14k
$15k
Director
Board Member
25th percentile to median
$13k
$14k
Director
Board Member
25th percentile to median
$12k
$13k
Director
Board Member
25th percentile to median
$12k
$13k
Director
Board Member
25th percentile to median
$8k
$9k
Director - Part Year
Board Member
25th percentile to median
$8k
$9k
Director - Part Year
Board Member
25th percentile to median
$8k
$8k
Director
Board Member
25th percentile to median
$7k
$7k
Director - Part Year
Board Member
25th percentile to median
$6k
$7k
Director
Board Member
25th percentile to median
$5k
$6k
Director
Board Member
25th percentile to median
$5k
$6k

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 3%
from 2023

From $445k in 2023 to $456k in 2024.

$445k
2023
$456k
2024
In today's dollarsEst.
Roughly flat in real terms$491k to $491k

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 3% from 2023 to 2024, while revenue held roughly steady.

$445k in 2023 to $456k in 2024.
  • Operations Manager pay held roughly steady from 2023 to 2024.
  • Highest Compensated Employee pay rose 3% 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

EASTERN IOWA LIGHT & POWER COOPERATIVE reported revenue and expenses across 2 filing years.

RevenueExpenses
$68.3M
$66.4M
2023
$68.5M
$66.9M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about EASTERN IOWA LIGHT & POWER COOPERATIVE

What does the Chief Executive Officer of EASTERN IOWA LIGHT & POWER COOPERATIVE earn?

In 2024, the Chief Executive Officer of EASTERN IOWA LIGHT & POWER COOPERATIVE received $456,406 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 EASTERN IOWA LIGHT & 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 EASTERN IOWA LIGHT & POWER COOPERATIVE falls in the top 10%.

What are EASTERN IOWA LIGHT & POWER COOPERATIVE's revenue and expenses?

In 2024, EASTERN IOWA LIGHT & POWER COOPERATIVE reported $68.5M in total revenue and $66.9M in total expenses on its IRS Form 990.

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