Central Iowa Power Cooperative
501(c)(12)
100% goes to programs Strong reserves Growing revenue
Central Iowa Power Cooperative is a 501(c)(12) organization based in Cedar Rapids, Iowa, registered in 1951, with $224,762,576 in FY2024 revenue. CharityIndex grades it A+, and it directs about 100% of spending to programs.
Po Box 2517, Cedar Rapids, IA, 52406 EIN 42-0652127 Since 1951
Revenue (FY2024)
$224.8M
▲ 3.2% vs prior year
Expenses (FY2024)
$204.5M
Net assets
$265.0M
Employees
126
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating100% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Central Iowa Power Cooperative: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating16 mo reserves · +9% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Central Iowa Power Cooperative: 16 mo reserves · +9% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Central Iowa Power Cooperative: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Central Iowa Power Cooperative: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Electric generation and transmission cooperative
Contact & location
- Address
- Po Box 2517, Cedar Rapids, IA, 52406
- City
- Cedar Rapids
- State
- Iowa
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $193.1M (FY2013) to $224.8M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $645.5MNet assets $265.0M
Operating margin
9.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$910.5M
Total liabilities
$645.5M
Net assets
$265.0M
Salaries & benefits
$14.6M
7% of expenses
Board members
13
13 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $224,762,576▲3.2% | $204,459,125▼0.6% | $265,019,370▲9.1% | $910,500,887▲0.1% | 990 |
| 2023 | $217,847,874▼0.7% | $205,745,005▼5.1% | $242,917,620▲8.7% | $909,309,520▲2.1% | 990 |
| 2022 | $219,280,606▲15.9% | $216,888,805▲8.8% | $223,503,531▼4.3% | $890,992,042▼0.9% | 990 |
| 2021 | $189,203,690▼0.3% | $199,425,740▲10.1% | $233,490,382▼0.5% | $899,434,034▲3.3% | 990 |
| 2020 | $189,808,864▼1.0% | $181,170,871▼4.7% | $234,552,602▲2.5% | $870,566,563▲8.8% | 990 |
| 2019 | $191,715,419▼1.8% | $190,044,874▼9.0% | $228,938,233▲4.3% | $800,491,864▼0.4% | 990 |
| 2018 | $195,289,761▲3.9% | $208,864,856▲13.1% | $219,538,781▼6.8% | $803,787,652▲2.8% | 990 |
| 2017 | $187,970,757▼1.8% | $184,741,362▲3.6% | $235,605,494▲4.8% | $782,271,946▲1.8% | 990 |
| 2016 | $191,419,923▲1.6% | $178,348,403▼1.7% | $224,732,998▲7.8% | $768,476,695▲5.0% | 990 |
| 2015 | $188,429,113▼3.4% | $181,386,098▼1.1% | $208,471,147▲2.7% | $732,116,735▲3.3% | 990 |
| 2014 | $194,979,526▲1.0% | $183,490,591▲1.4% | $202,974,329▲8.6% | $708,845,564▲6.1% | 990 |
| 2013 | $193,129,592 | $181,010,723▲5.3% | $186,866,433▲10.7% | $668,301,048▲1.4% | 990 |
| 2012 | — | $171,857,022▲3.3% | $168,741,301▲16.1% | $658,827,754▲2.0% | 990 |
| 2011 | — | $166,348,231▲0.8% | $145,301,668▲10.9% | $645,771,544▲7.0% | 990 |
| 2010 | — | $165,001,793 | $131,028,362 | $603,354,790 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Andrew St John — $423,817 (0.21% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Andrew St John | Executive Vice President & Ceo | 40 | $423,817 |
| Paul Hofman | Vp Information Technology | 40 | $256,890 |
| Daniel Burns | Vp Utility Operations | 40 | $255,212 |
| Kendra Graves | Vp Portfolio Strategy & Planning | 40 | $242,955 |
| David Nicholson | Vp & Cfo | 40 | $235,169 |
| Memorea Schrader | Vp Human Resources | 40 | $206,414 |
| Kerry Koonce | Vp Communications & Corp Relations | 40 | $195,867 |
| Terry Fett | Director, Engineering & Operations | 40 | $174,631 |
| Michelle Soyer | Director of Finance | 40 | $170,281 |
| Samuel Stineman | Director, Generation Assets | 40 | $170,111 |
| Chad Miller | Manager of It Security & Compliance | 40 | $158,015 |
| Rex Butler | Manager of Environmental & Safety | 40 | $152,927 |
| Paul Heineman | Board President | 18 | $61,320 |
| Gary Kester | Board Director | 14.75 | $43,840 |
| Dan Westphal | Board Vice President | 11.4 | $39,885 |
| Randy Rouse | Board Director | 5.83 | $39,588 |
| Kirk Hiland | Board Director | 10.83 | $36,353 |
| Gary Mckenna | Board Director | 10.5 | $35,990 |
| Arden Greiner | Board Director | 10.73 | $31,708 |
| Duane Ver Ploeg | Board Asst Secretary/treasurer | 8.4 | $26,570 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Heartland Divide Wind Project | Electric Energy | $10,530,856 |
| Itc Holdings Corp | Transmission Maintenance | $4,074,780 |
| Aces Power Marketing | Energy Management | $831,355 |
| Downtower Connect LLC | Electric Energy | $699,812 |
| Sullivan & Ward PC | Legal Services | $305,566 |
Frequently asked questions
- Is Central Iowa Power Cooperative a legitimate nonprofit?
- Yes. Central Iowa Power Cooperative is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 42-0652127, based in Cedar Rapids, Iowa.
- What is Central Iowa Power Cooperative's EIN?
- Central Iowa Power Cooperative's Employer Identification Number (EIN) is 42-0652127.
- How much revenue does Central Iowa Power Cooperative report?
- Central Iowa Power Cooperative reported $224,762,576 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Central Iowa Power Cooperative's spending goes to programs?
- Central Iowa Power Cooperative spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Central Iowa Power Cooperative have?
- CharityIndex grades Central Iowa Power Cooperative A+, based on program efficiency and fundraising cost.
- How much does Central Iowa Power Cooperative's highest-paid employee make?
- The highest reported compensation on Central Iowa Power Cooperative's latest Form 990 is $423,817, paid to Andrew St John (Executive Vice President & Ceo).
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Data for Central Iowa Power Cooperative (EIN 42-0652127) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.