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Filing year 2023

IOWA ASSOCIATION OF ELECTRIC COOPERATIVES

Des Moines, Iowa·EIN 42-0662488·6
Total revenue
$6.1M
Total assets
$3.4M
Total expenses
$6.1M
Reported officers
15
Mission

PROVIDE SERVICES TO RURAL ELECTRIC COOPERATIVES.

Executive compensation, broken down

Form 990 · Schedule J · 13 reported individuals · Filing year 2023

Past Executive V.p./general Manager
officer (unspecified)
$419k
$463k
Base
$327k
Bonus
Other
Benefits
$9k
Director - Benefits
highest compensated employee
$231k
$256k
Base
$170k
Bonus
Other
Benefits
$16k
Director - Govt Relations
highest compensated employee
$230k
$255k
Base
$160k
Bonus
Other
Benefits
$27k
Director - Regulatory Affairs
highest compensated employee
$223k
$247k
Base
$171k
Bonus
Other
Benefits
$9k
Director - Safety
highest compensated employee
$200k
$221k
Base
$146k
Bonus
Other
Benefits
$15k
$17k
$19k
Secretary/treasurer
officer (unspecified)
$13k
$15k
Vice President
vice president
$12k
$13k
Director
board member
$11k
$12k
Director
board member
$11k
$12k
Director
board member
$10k
$11k
Assistant Secretary/treasurer
officer (unspecified)
$8k
$9k
Nreca Director
board member
$7k
$8k

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.

Plus 2 unpaid individuals.

Up 10%
from 2022

From $382k in 2022 to $419k in 2023.

$382k
2022
$419k
2023
In today's dollarsEst.
Up 6% in real terms$438k to $463k

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

IOWA ASSOCIATION OF ELECTRIC COOPERATIVES reported revenue and expenses across 2 filing years.

RevenueExpenses
$5.7M
$5.3M
2022
$6.1M
$6.1M
2023
Total revenue and total expenses from IRS Form 990 filings.
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