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Filing year 2024

NORTHWEST IOWA POWER COOPERATIVE

Le Mars, Iowa·EIN 42-0723014·12
Total revenue
$114.6M
Total assets
$279M
Total expenses
$114M
Reported officers
15
Mission

WHOLESALE ELECTRICITY SALES TO ITS MEMBER COOPERATIVES.

Executive compensation, broken down

Form 990 · Schedule J · 15 reported individuals · Filing year 2024

Exec. VP & General Manager
vice president
$424k
$456k
Base
$303k
Bonus
$254
Other
$2k
Benefits
$29k
VP of Engineering Services
vice president
$235k
$253k
Base
$175k
Bonus
$254
Other
$3k
Benefits
$25k
CIO
chief information officer
$212k
$228k
Base
$163k
Bonus
$271
Other
$778
Benefits
$23k
Base
$151k
Bonus
$271
Other
$765
Benefits
$32k
Apparatus Services Manager
highest compensated employee
$199k
$214k
Base
$135k
Bonus
$271
Other
$2k
Benefits
$22k
Transmission Superintenden
highest compensated employee
$195k
$210k
Base
$131k
Bonus
$271
Other
$915
Benefits
$30k
Power Dispatching Manager
highest compensated employee
$185k
$199k
Base
$135k
Bonus
$271
Other
$3k
Benefits
$11k
Crew Foreman
highest compensated employee
$170k
$183k
Base
$129k
Bonus
$271
Other
$305
Benefits
$28k
$18k
$19k
Director
board member
$14k
$15k
Vice President
vice president
$13k
$14k
Treasurer
officer (unspecified)
$11k
$12k
Director
board member
$11k
$12k
Secretary
officer (unspecified)
$10k
$10k
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.

Up 7%
from 2023

From $396k in 2023 to $424k in 2024.

$396k
2023
$424k
2024
In today's dollarsEst.
Up 4% in real terms$438k to $456k

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

NORTHWEST IOWA POWER COOPERATIVE reported revenue and expenses across 2 filing years.

RevenueExpenses
$110.4M
$109.7M
2023
$114.6M
$114M
2024
Total revenue and total expenses from IRS Form 990 filings.
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