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Filing year 2024

HEARTLAND POWER COOPERATIVE

Thompson, Iowa·EIN 42-1468305·12
Total revenue
$33.7M
Total assets
$69.7M
Total expenses
$33.3M
Reported officers
15
Mission

OUR VISION IS TO BE THE PROVIDER OF CHOICE FOR ENERGY AND SERVICES BY ALL CONSUMERS. OUR PRIMARY PURPOSE IS TO PROVIDE ELECTRICAL ENERGY AND OTHER SERVICES THAT ENHANCE THE QUALITY OF LIFE OF OUR MEMBERS AND THE ECONOMIC AND SOCIAL WELL-BEING OF THE REGION AT THE LOWEST POSSIBLE COST CONSISTENT WITH SOUND ECONOMIC AND MANAGEMENT DECISIONS.

Executive compensation, broken down

Form 990 · Schedule J · 15 reported individuals · Filing year 2024

Ceo/general Manager
officer (unspecified)
$395k
$425k
Base
$220k
Bonus
Other
Benefits
$36k
Line Foreman
highest compensated employee
$258k
$277k
Base
$108k
Bonus
Other
Benefits
$34k
Director of Finance
$220k
$236k
Base
$133k
Bonus
Other
Benefits
$34k
Director of Operations
$214k
$230k
Base
$124k
Bonus
Other
Benefits
$18k
Line Foreman
highest compensated employee
$200k
$215k
Base
$107k
Bonus
Other
Benefits
$27k
Lineman
highest compensated employee
$131k
$141k
First Class Lineman
highest compensated employee
$129k
$138k
Director
board member
$11k
$12k
$11k
$11k
Secretary
officer (unspecified)
$10k
$11k
Asst. Secretary Treasurer From 03/24
officer (unspecified)
$10k
$10k
Treasurer
officer (unspecified)
$9k
$10k
Vice President
vice president
$8k
$9k
Director From 03/24
board member
$2k
$2k
Asst. Secretary-treasurer Utl. 03/24
officer (unspecified)
$825
$887

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 $316k in 2023 to $395k in 2024.

$316k
2023
$395k
2024
In today's dollarsEst.
Up 22% in real terms$349k to $425k

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

HEARTLAND POWER COOPERATIVE reported revenue and expenses across 2 filing years.

RevenueExpenses
$31.3M
$29.8M
2023
$33.7M
$33.3M
2024
Total revenue and total expenses from IRS Form 990 filings.
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