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Filing year 2024

NISHNABOTNA VALLEY RURAL ELECTRIC COOPERATIVE

Harlan, Iowa·EIN 42-0519838·12
Total revenue
$21.5M
Total assets
$54.7M
Total expenses
$20.4M
Reported officers
14
Mission

NISHNABOTNA VALLEY REC WILL PROVIDE SAFE AND RELIABLE ELECTRIC SERVICES TO OUR MEMBERS IN A VALUABLE, SUSTAINABLE, AND ENVIRONMENTALLY RESPONSIBLE MANNER.

Executive compensation, broken down

Form 990 · Schedule J · 13 reported individuals · Filing year 2024

Materials Coordinator/foreman
highest compensated employee
$183k
$197k
Base
$128k
Bonus
Other
Benefits
$29k
Director of Operations
$175k
$189k
Base
$128k
Bonus
Other
Benefits
$26k
Foreman
highest compensated employee
$161k
$173k
Base
$114k
Bonus
Other
Benefits
$26k
Journeyman
highest compensated employee
$159k
$171k
Base
$114k
Bonus
Other
Benefits
$28k
Journeyman
highest compensated employee
$152k
$164k
Base
$115k
Bonus
Other
Benefits
$22k
Manager of Administrative Services
officer (unspecified)
$129k
$139k
$5k
$5k
Director
board member
$5k
$5k
Secretary-treasurer
officer (unspecified)
$4k
$5k
Director
board member
$4k
$5k
Director
board member
$4k
$4k
Director
board member
$3k
$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.

Plus 1 unpaid individual.

Up 8%
from 2023

From $169k in 2023 to $183k in 2024.

$169k
2023
$183k
2024
In today's dollarsEst.
Up 6% in real terms$187k to $197k

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

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

RevenueExpenses
$20.1M
$18.9M
2023
$21.5M
$20.4M
2024
Total revenue and total expenses from IRS Form 990 filings.
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