Iowa Lakes Electric Cooperative is a 501(c)(12) organization based in Estherville, Iowa, registered in 1986, with $73,826,421 in FY2023 revenue. CharityIndex grades it A.
Revenue (FY2023)
$73.8M
▲ 0.8% vs prior year
Public Benefit median: $140K
Expenses (FY2023)
$67.9M
Net assets
$124.8M
Employees
83
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 Iowa Lakes Electric Cooperative— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Iowa Lakes Electric Cooperative: 22 mo reserves · +8% margin earns a A on this criterion. See the exact thresholds →
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 Iowa Lakes Electric Cooperative: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
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 Iowa Lakes Electric Cooperative: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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To provide electric utility services to members of the cooperative.
Revenue grew from $66.7M (FY2013) to $73.8M (FY2023) across 11 reported years.
Financial snapshot
Operating margin
8.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$179.1M
Total liabilities
$54.3M
Net assets
$124.8M
Salaries & benefits
$1.1M
2% of expenses
Board members
14
14 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $73,826,421▲0.8% | $67,867,720▼0.1% | $124,784,905▲5.1% | $179,052,148▲1.9% | 990 |
| 2022 | $73,260,940▲7.3% | $67,916,375▲3.3% | $118,766,822▲6.0% | $175,789,673▲5.0% | 990 |
| 2021 | $68,291,822▲3.5% | $65,777,836▲3.7% | $112,054,182▲3.5% | $167,443,125▲0.4% | 990 |
| 2020 | $65,953,608▼10.3% | $63,418,433▼9.2% | $108,215,526▲2.7% | $166,721,612▲0.5% | 990 |
| 2019 | $73,512,821▼3.7% | $69,869,310▲1.8% | $105,324,974▲4.8% | $165,969,740 | 990 |
| 2018 | $76,355,354▲7.9% | $68,602,435▲2.8% | $100,459,605▲10.4% | $165,950,083▲4.7% | 990 |
| 2017 | $70,735,322▼0.8% | $66,763,243▲2.8% | $91,012,599▲5.0% | $158,491,807▲3.3% | 990 |
| 2016 | $71,289,578▲8.7% | $64,959,890▲7.1% | $86,648,517▲11.4% | $153,440,949▲3.5% | 990 |
| 2015 | $65,605,977▼3.5% | $60,671,863▼3.4% | $77,801,886▲7.5% | $148,252,709▲1.0% | 990 |
| 2014 | $68,012,018▲2.0% | $62,780,452▲2.1% | $72,353,724▲8.4% | $146,816,451▲2.5% | 990 |
| 2013 | $66,701,045 | $61,516,113▲9.8% | $66,722,601▲9.4% | $143,261,846▲4.9% | 990 |
| 2012 | — | $56,006,549▲4.2% | $60,991,745▲8.7% | $136,566,830▲1.6% | 990 |
| 2011 | — | $53,746,039▲6.1% | $56,091,705▲10.5% | $134,452,696▲2.6% | 990 |
| 2010 | — | $50,644,704 | $50,761,338 | $131,075,014 | 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.
Highest-paid: Aaron Ruschy — $187,930 (0.28% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Aaron Ruschy | Vp of Operations & Engineering | 48 | $187,930 |
| Shelly Tredway | Vp of Finance/cfo | 48 | $161,096 |
| Tim Mccollough | President/ceo | 55 | $156,959 |
| Jennifer Sievert | Vp of Customer & Corp Relations | 48 | $151,875 |
| Alden Zeitz | Manager of Renewable Energy Services | 48 | $121,444 |
| Brian Scott | Superintendent of Field Operations | 48 | $119,461 |
| Kristin Hanson | Manager of Hr | 48 | $114,537 |
| Jed Skogerboe | Manager of Business and Community Development | 48 | $114,293 |
| Mike Kummer | Line Foreman | 48 | $109,218 |
| Ryan Craig | President/ceo | 55 | $67,005 |
| Neal Heldt | Director | 6 | $11,300 |
| Gary Rouse | Vice Chairman | 7 | $9,550 |
| Jerry Beck | Chairman | 7 | $9,550 |
| Bruce Amundson | Director | 6 | $8,500 |
| Crystal Pluth | Director | 5 | $8,150 |
| Daniel Winterhof | Treasurer | 6 | $8,150 |
| Alan Madden | Director | 7 | $8,050 |
| Chad Boysen | Director | 5 | $7,800 |
| Roger Williamson | Director | 9 | $7,800 |
| Trent Will | Secretary | 5 | $7,450 |
| Contractor | Services | Paid |
|---|---|---|
| Renew Energy Maintenance LLC | Wind Energy Services | $328,488 |
| Loosbrock Digging Service Inc | Underground Trenching | $236,201 |
| Usic Locating Services LLC | Underground Locating | $165,337 |
| Jacobsen Tree Experts Inc | Tree Trimming | $141,646 |
| Osmose Utility Services | Pole Treating | $132,222 |
Explore more
Data for Iowa Lakes Electric Cooperative (EIN 42-1259366) 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.