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Filing year 2024

TIP RURAL ELECTRIC COOPERATIVE

Brooklyn, Iowa·EIN 42-0557125·501(c)(12)
Total revenue
$18.1M
Total assets
$61.3M
Total expenses
$17.5M
Reported officers
16
Mission

TO PROVIDE SAFE, RELIABLE ELECTRICITY AT A COMPETITIVE COST AND PURSUE EXCELLENCE IN TECHNOLOGY, SERVICE, AND MEMBER RELATIONS FOR THE BENEFIT OF OUR MEMBERS AND THE COMMUNITIES WE SERVE.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 16 reported individuals · Filing year 2024

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

Ceo/general Manager
Officer (Unspecified)
$225k
$242k
Base
$168k
Bonus
Other
Benefits
$18k
CFO
Median to 75th percentile
$167k
$180k
Base
$117k
Bonus
Other
Benefits
$23k
Staking Technician/member Service
Highest Compensated Employee
25th percentile to median
$163k
$175k
Base
$113k
Bonus
Other
Benefits
$23k
Line Foreman
Highest Compensated Employee
25th percentile to median
$160k
$172k
Base
$111k
Bonus
Other
Benefits
$23k
Operations Manager
Median to 75th percentile
$156k
$168k
Base
$120k
Bonus
Other
Benefits
$9k
Journeyman Lineman
Highest Compensated Employee
25th percentile to median
$154k
$166k
Base
$108k
Bonus
Other
Benefits
$21k
Line Foreman
Highest Compensated Employee
25th percentile to median
$148k
$160k
Asst. Secretary
Officer (Unspecified)
$16k
$18k
Secretary/treasurer
Officer (Unspecified)
$16k
$17k
Director
Board Member
25th percentile to median
$15k
$17k
President
Below 10th percentile
$14k
$15k
Director
Board Member
25th percentile to median
$13k
$14k
Vice President
25th percentile to median
$13k
$14k
Director
Board Member
25th percentile to median
$13k
$14k
Director
Board Member
25th percentile to median
$11k
$12k
Director
Board Member
25th percentile to median
$10k
$11k

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 11%
from 2023

From $203k in 2023 to $225k in 2024.

$203k
2023
$225k
2024
In today's dollarsEst.
Up 8% in real terms$224k to $242k

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

Chief Financial Officer pay rose 6% from 2023 to 2024, while revenue rose 1%.

$158k in 2023 to $167k in 2024.
  • Highest Compensated Employee pay rose 6% from 2023 to 2024.
  • Operations Manager pay rose 8% 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

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

RevenueExpenses
$18M
$17.6M
2023
$18.1M
$17.5M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about TIP RURAL ELECTRIC COOPERATIVE

What does the Chief Financial Officer of TIP RURAL ELECTRIC COOPERATIVE earn?

In 2024, the Chief Financial Officer of TIP RURAL ELECTRIC COOPERATIVE received $167,449 in total compensation. This pay is above the median (the midpoint) for Chief Financial Officer roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Financial Officer pay at TIP RURAL ELECTRIC COOPERATIVE compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Financial Officer at TIP RURAL ELECTRIC COOPERATIVE falls between the median and the 75th percentile.

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

In 2024, TIP RURAL ELECTRIC COOPERATIVE reported $18.1M in total revenue and $17.5M in total expenses on its IRS Form 990.

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