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Filing year 2024

GRUNDY COUNTY RURAL ELECTRIC COOPERATIVE

Grundy Center, Iowa·EIN 42-0287740·NTEE W80Z · Public & Societal Benefit·501(c)(12)
Total revenue
$10.3M
Total assets
$28.4M
Total expenses
$10.3M
Reported officers
8
Mission

PROVIDING DEPENDABLE, AFFORDABLE ELECTRIC SERVICE TO RURAL FAMILIES, FARMS AND INDUSTRIES IN GRUNDY, BLACK HAWK, MARSHALL, TAMA, BUTLER AND HARDIN COUNTIES.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 8 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Public & Societal Benefit organizations nationwide.

General Manager/ceo
Officer (Unspecified)
$165k
$178k
Base
$109k
Bonus
Other
Benefits
$47k
Vice President
10th to 25th percentile
$10k
$11k
Treasurer
Officer (Unspecified)
$10k
$11k
Director
Board Member
25th percentile to median
$10k
$10k
President
Below 10th percentile
$6k
$7k
Secretary
Officer (Unspecified)
$6k
$6k
Director
Board Member
25th percentile to median
$5k
$5k
Asst. Treasurer/secretary
Officer (Unspecified)
$4k
$5k

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.

Browse compensation in Public & Societal Benefit

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at GRUNDY COUNTY RURAL ELECTRIC COOPERATIVE equaled 2% of the organization's total expenses. The median for public & societal benefit organizations is 10%.

This organization (2024)
2%
Sector median
10%
Middle half of sector
4% to 22%

Based on 2,608 public & societal benefit organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 9%
from 2023

From $152k in 2023 to $165k in 2024.

$152k
2023
$165k
2024
In today's dollarsEst.
Up 6% in real terms$168k to $178k

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

Vice President pay fell 2% from 2023 to 2024, while revenue held roughly steady.

$10k in 2023 to $10k in 2024.
  • Board Member pay rose 36% from 2023 to 2024.
  • Chief Executive Officer pay fell 50% 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.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about GRUNDY COUNTY RURAL ELECTRIC COOPERATIVE

What does the Vice President of GRUNDY COUNTY RURAL ELECTRIC COOPERATIVE earn?

In 2024, the Vice President of GRUNDY COUNTY RURAL ELECTRIC COOPERATIVE received $10,250 in total compensation. This pay is in the bottom quarter for Vice President roles among Public & Societal Benefit organizations nationwide, above the lowest 10% of comparable filings. Based on IRS Form 990 data.

How does Vice President pay at GRUNDY COUNTY RURAL ELECTRIC COOPERATIVE compare with similar nonprofits?

Compared with the same role at Public & Societal Benefit organizations nationwide, the 2024 pay of the Vice President at GRUNDY COUNTY RURAL ELECTRIC COOPERATIVE falls between the 10th and 25th percentiles. In 2024, the highest total compensation at GRUNDY COUNTY RURAL ELECTRIC COOPERATIVE equaled 2% of the organization's total expenses. The median for public & societal benefit organizations is 10%.

What are GRUNDY COUNTY RURAL ELECTRIC COOPERATIVE's revenue and expenses?

In 2024, GRUNDY COUNTY RURAL ELECTRIC COOPERATIVE reported $10.3M in total revenue and $10.3M in total expenses on its IRS Form 990.

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