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Filing year 2024

LYON RURAL ELECTRIC COOPERATIVE

Rock Rapids, Iowa·EIN 42-0389015·501(c)(12)
Total revenue
$13.9M
Total assets
$34.3M
Total expenses
$13.9M
Reported officers
15
Mission

THE PRIMARY OBJECTIVE OF LYON RURAL ELECTRIC COOPERATIVE IS TO PROVIDE THE HIGHEST QUALITY SERVICES POSSIBLE TO OUR MEMBER-CONSUMER AT THE LOWEST COST CONSISTENT WITH SOUND BUSINESS PRACTICES. SERVICES PROVIDED TO OUR MEMBER-CONSUMERS WILL BE EVALUATED AT AN ONGOING BASIS TO MEET THE CHANGING NEEDS OF OUR MEMBERSHIP WHILE BENEFITING THE LONG-RANGE OBJECTIVES OF THE COOPERATIVE.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 15 reported individuals · Filing year 2024

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

General Manager
Median to 75th percentile
$229k
$246k
Base
$167k
Bonus
Other
Benefits
$26k
Line Foreman
Highest Compensated Employee
Median to 75th percentile
$194k
$208k
Base
$132k
Bonus
Other
Benefits
$31k
Member Services Director
Highest Compensated Employee
Median to 75th percentile
$169k
$182k
Base
$117k
Bonus
Other
Benefits
$26k
Lead Lineman
Highest Compensated Employee
25th percentile to median
$163k
$175k
Base
$110k
Bonus
Other
Benefits
$28k
Lineman
Highest Compensated Employee
25th percentile to median
$159k
$171k
Base
$109k
Bonus
Other
Benefits
$26k
Lineman
Highest Compensated Employee
25th percentile to median
$151k
$162k
Base
$103k
Bonus
Other
Benefits
$25k
Director
Board Member
25th percentile to median
$7k
$7k
Secretary
Officer (Unspecified)
$6k
$7k
President
Below 10th percentile
$6k
$7k
Director
Board Member
25th percentile to median
$6k
$6k
Director
Board Member
25th percentile to median
$5k
$6k
Director
Board Member
25th percentile to median
$5k
$6k
Vice President
10th to 25th percentile
$5k
$5k
Treasurer
Officer (Unspecified)
$5k
$5k
Director
Board Member
10th to 25th percentile
$4k
$4k

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 5%
from 2023

From $217k in 2023 to $229k in 2024.

$217k
2023
$229k
2024
In today's dollarsEst.
Up 3% in real terms$240k to $246k

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

General Manager pay rose 5% from 2023 to 2024, while revenue rose 1%.

$217k in 2023 to $229k in 2024.
  • Highest Compensated Employee pay rose 8% from 2023 to 2024.
  • Board Member pay fell 11% 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

LYON RURAL ELECTRIC COOPERATIVE reported revenue and expenses across 2 filing years.

RevenueExpenses
$13.7M
$13.7M
2023
$13.9M
$13.9M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about LYON RURAL ELECTRIC COOPERATIVE

What does the General Manager of LYON RURAL ELECTRIC COOPERATIVE earn?

In 2024, the General Manager of LYON RURAL ELECTRIC COOPERATIVE received $228,996 in total compensation. This pay is above the median (the midpoint) for General Manager roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.

How does General Manager pay at LYON RURAL ELECTRIC COOPERATIVE compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the General Manager at LYON RURAL ELECTRIC COOPERATIVE falls between the median and the 75th percentile.

What are LYON RURAL ELECTRIC COOPERATIVE's revenue and expenses?

In 2024, LYON RURAL ELECTRIC COOPERATIVE reported $13.9M in total revenue and $13.9M in total expenses on its IRS Form 990.

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