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Filing year 2024

NORTH WEST RURAL ELECTRIC COOPERATIVE

Orange City, Iowa·EIN 42-1404169·12
Total revenue
$61.5M
Total assets
$153.4M
Total expenses
$59.8M
Reported officers
18
Mission

WE WILL SAFELY AND EFFICIENTLY PROVIDE RELIABLE AND AFFORDABLE ELECTRIC SERVICE TO OUR MEMBERS.

Executive compensation, broken down

Form 990 · Schedule J · 18 reported individuals · Filing year 2024

Base
$275k
Bonus
Other
$8k
Benefits
$26k
Finance Director
$170k
$183k
Base
$136k
Bonus
Other
$4k
Benefits
$26k
Operations Director
$163k
$175k
Base
$132k
Bonus
Other
$1k
Benefits
$26k
Member Services Director
highest compensated employee
$157k
$169k
Base
$123k
Bonus
Other
$2k
Benefits
$27k
Assistant Operations Director
$154k
$166k
Base
$125k
Bonus
Other
$385
Benefits
$26k
Lead Lineman
highest compensated employee
$146k
$157k
Lead Lineman
highest compensated employee
$145k
$156k
$13k
$14k
Director
board member
$11k
$12k
(until 3/24)/asst S/t(as of 4/24)
officer (unspecified)
$11k
$12k
Director
board member
$9k
$10k
(until 3/24)/vp(as of 4/24)
officer (unspecified)
$9k
$10k
Director
board member
$9k
$10k
Secretary
officer (unspecified)
$9k
$9k
Treasurer
officer (unspecified)
$8k
$8k
Director
board member
$7k
$8k
3/24)/director(as of 4/24)
officer (unspecified)
$7k
$8k
Director
board member
$6k
$6k

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 7%
from 2023

From $310k in 2023 to $333k in 2024.

$310k
2023
$333k
2024
In today's dollarsEst.
Up 5% in real terms$342k to $358k

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

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

RevenueExpenses
$57.6M
$55.8M
2023
$61.5M
$59.8M
2024
Total revenue and total expenses from IRS Form 990 filings.
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