East River Electric Power Cooperative Inc
501(c)(12)
Only null% goes to programs Strong reserves Growing revenue
East River Electric Power Cooperative Inc is a 501(c)(12) organization based in Madison, South Dakota, registered in 1957, with $371,444,036 in FY2024 revenue. CharityIndex grades it A.
211 S Harth Ave, Madison, SD, 57042 EIN 46-0225402 Since 1957
Revenue (FY2024)
$371.4M
▲ 4.1% vs prior year
Expenses (FY2024)
$371.4M
Net assets
$300.9M
Employees
178
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
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. Not scored for East River Electric Power Cooperative Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating10 mo reserves · +0% 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 East River Electric Power Cooperative Inc: 10 mo reserves · +0% 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 East River Electric Power Cooperative Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
BTransparency10% of the rating3 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 East River Electric Power Cooperative Inc: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
Acquisition, transmission, and distribution of electric power to member systems.
Contact & location
- Address
- 211 S Harth Ave, Madison, SD, 57042
- City
- Madison
- State
- South Dakota
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $226.3M (FY2013) to $371.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $716.9MNet assets $300.9M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.0B
Total liabilities
$716.9M
Net assets
$300.9M
Salaries & benefits
$24.5M
7% of expenses
Board members
22
22 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $371,444,036▲4.1% | $371,444,036▲4.1% | $300,872,864▲5.3% | $1,017,794,449▲11.8% | 990 |
| 2023 | $356,938,059▲6.4% | $356,938,059▲6.4% | $285,811,853▲7.5% | $910,292,262▲8.7% | 990 |
| 2022 | $335,441,988▲12.1% | $335,441,988▲12.1% | $265,771,492▲11.0% | $837,365,298▲11.5% | 990 |
| 2021 | $299,322,334▲4.6% | $299,322,334▲4.6% | $239,367,190▲3.8% | $750,935,062▲11.7% | 990 |
| 2020 | $286,203,567▼2.5% | $286,203,567▼2.5% | $230,556,394▲5.0% | $672,182,036▲13.5% | 990 |
| 2019 | $293,586,852▼6.8% | $293,586,852▼6.8% | $219,506,853▲4.7% | $592,324,233▲8.0% | 990 |
| 2018 | $315,026,310▲9.8% | $315,026,310▲9.8% | $209,576,967▲19.7% | $548,331,099▲12.3% | 990 |
| 2017 | $286,809,484▲5.4% | $286,809,484▲5.4% | $175,123,065▲7.1% | $488,455,806▲6.0% | 990 |
| 2016 | $272,082,625▲20.6% | $272,082,625▲20.6% | $163,523,970▲16.2% | $460,590,823▲12.5% | 990 |
| 2015 | $225,566,902▼2.7% | $225,566,902▼2.6% | $140,724,976▲6.6% | $409,459,834▲9.8% | 990 |
| 2014 | $231,936,591▲2.5% | $231,586,590▲2.5% | $132,003,028▲7.3% | $373,014,155▲7.0% | 990 |
| 2013 | $226,334,405 | $225,834,405▲15.6% | $123,075,636▲9.7% | $348,530,031▲7.8% | 990 |
| 2012 | — | $195,344,432▲10.0% | $112,159,705▲8.9% | $323,445,572▲10.0% | 990 |
| 2011 | — | $177,602,120▲20.9% | $102,985,696▲9.0% | $294,115,161▲4.1% | 990 |
| 2010 | — | $146,921,548 | $94,463,035 | $282,561,283 | 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: Robert Sahr — $621,455 (0.17% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Robert Sahr | Ceo/general Manager | 47 | $621,455 |
| Scott Shewey | Cfo | 45 | $347,711 |
| Mark Hoffman | Coo | 41 | $274,854 |
| Jeffrey May | Cio | 45 | $254,877 |
| Michael Jaspers | Business Development Director | 43 | $243,116 |
| Chris Studer | Chief Member and Public Relations Officer | 47 | $243,101 |
| Elizabeth Avery | Chro | 41 | $239,685 |
| Daniel Brown | General Counsel | 45 | $225,728 |
| Bert Rogness | Treasurer | 4 | $19,888 |
| Darrell Raschke | Director | 4 | $19,878 |
| Duane Wolbrink | Vice President | 4 | $18,719 |
| Ron Samuelson | Director | 3 | $17,734 |
| Alan Vedvei | President | 4 | $17,252 |
| Gary Bachman | Director | 3 | $16,581 |
| Alan Hinderman | Director | 3 | $16,305 |
| Michael Longtin | Director | 3 | $15,846 |
| James Ryken | President/director (beg Sept 2024) | 4 | $14,306 |
| Doug Diekmann | Director | 3 | $13,717 |
| Ryan Noyes | Director | 2 | $13,317 |
| Paul Voigt | Secretary | 3 | $13,067 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Hdr Engineering Inc | Engineering Services | $8,698,137 |
| Schulte Ta Inc | Construction | $4,313,134 |
| Key Contracting Inc | Transmission Line Construction | $4,133,743 |
| Highmark Erectors Inc | Substation Construction | $3,831,417 |
| Dgr Engineering | Engineering Services | $3,641,503 |
Grants made · $46K in FY2024
5 grants totaling $46K in FY2024. All grants made by East River Electric Power Cooperative Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Lake Area Improvement Corporation | Economic development | $20,000 |
| South Dakota Agricultural and Rural Leadship Foundaiton | Economic development | $7,500 |
| South Dakota Ffa Foundation Inc | Community support | $7,025 |
| Forward Sioux Falls | Economic development | $6,667 |
| Dakota State University Foundation | Community support | $5,300 |
Frequently asked questions
- Is East River Electric Power Cooperative Inc a legitimate nonprofit?
- Yes. East River Electric Power Cooperative Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 46-0225402, based in Madison, South Dakota.
- What is East River Electric Power Cooperative Inc's EIN?
- East River Electric Power Cooperative Inc's Employer Identification Number (EIN) is 46-0225402.
- How much revenue does East River Electric Power Cooperative Inc report?
- East River Electric Power Cooperative Inc reported $371,444,036 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does East River Electric Power Cooperative Inc have?
- CharityIndex grades East River Electric Power Cooperative Inc A, based on financial health (reserves and operating margin).
- How much does East River Electric Power Cooperative Inc's highest-paid employee make?
- The highest reported compensation on East River Electric Power Cooperative Inc's latest Form 990 is $621,455, paid to Robert Sahr (Ceo/general Manager).
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Data for East River Electric Power Cooperative Inc (EIN 46-0225402) 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.