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Filing year 2024

LYON RURAL ELECTRIC COOPERATIVE

Rock Rapids, Iowa·EIN 42-0389015·12
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 · Schedule J · 15 reported individuals · Filing year 2024

General Manager
officer (unspecified)
$229k
$246k
Base
$167k
Bonus
Other
Benefits
$26k
Line Foreman
highest compensated employee
$194k
$208k
Base
$132k
Bonus
Other
Benefits
$31k
Member Services Director
highest compensated employee
$169k
$182k
Base
$117k
Bonus
Other
Benefits
$26k
Lead Lineman
highest compensated employee
$163k
$175k
Base
$110k
Bonus
Other
Benefits
$28k
Lineman
highest compensated employee
$159k
$171k
Base
$109k
Bonus
Other
Benefits
$26k
Lineman
highest compensated employee
$151k
$162k
Base
$103k
Bonus
Other
Benefits
$25k
Director
board member
$7k
$7k
Secretary
officer (unspecified)
$6k
$7k
Director
board member
$6k
$6k
Director
board member
$5k
$6k
Director
board member
$5k
$6k
Vice President
vice president
$5k
$5k
Treasurer
officer (unspecified)
$5k
$5k
Director
board member
$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.

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.
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