L & O Power Cooperative
501(c)(12)
Only null% goes to programs Strong reserves Growing revenue
L & O Power Cooperative is a 501(c)(12) organization based in Rock Rapids, Iowa, registered in 1961, with $43,103,383 in FY2024 revenue. CharityIndex grades it B.
1302 S Union St, Rock Rapids, IA, 51246 EIN 42-0721692 Since 1961
Revenue (FY2024)
$43.1M
▼ 1.6% vs prior year
Expenses (FY2024)
$42.6M
Net assets
$40.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—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 L & O Power Cooperative— 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 rating11 mo reserves · +1% 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 L & O Power Cooperative: 11 mo reserves · +1% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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. Not scored for L & O Power Cooperative— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 L & O Power Cooperative: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1302 S Union St, Rock Rapids, IA, 51246
- City
- Rock Rapids
- State
- Iowa
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $21.9M (FY2013) to $43.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $40.5MNet assets $40.0M
Operating margin
1.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$80.5M
Total liabilities
$40.5M
Net assets
$40.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $43,103,383▼1.6% | $42,582,514▼1.3% | $39,997,884▲4.1% | $80,459,643▲5.6% | 990 |
| 2023 | $43,789,036▲10.9% | $43,149,268▲10.5% | $38,427,456▲9.3% | $76,182,045▲18.0% | 990 |
| 2022 | $39,486,397▲24.3% | $39,035,776▲23.3% | $35,159,472▲14.2% | $64,562,746▲20.5% | 990 |
| 2021 | $31,765,274▲3.6% | $31,660,209▲2.2% | $30,778,153▲3.1% | $53,564,247▲7.7% | 990 |
| 2020 | $30,651,353▼7.4% | $30,987,542▼6.4% | $29,857,823▲2.4% | $49,750,469▲7.1% | 990 |
| 2019 | $33,098,794▼7.7% | $33,098,794▼3.5% | $29,156,625▲3.2% | $46,461,801▲18.8% | 990 |
| 2018 | $35,854,516▲5.4% | $34,294,138▲5.6% | $28,248,615▲16.7% | $39,100,933▲16.3% | 990 |
| 2017 | $34,033,525▼0.1% | $32,465,751▲3.8% | $24,200,541▲8.1% | $33,621,864▲3.2% | 990 |
| 2016 | $34,059,272▲28.5% | $31,291,595▲22.3% | $22,378,907▲13.9% | $32,588,199▲18.8% | 990 |
| 2015 | $26,501,170▼7.1% | $25,586,659▼7.4% | $19,642,120▲4.0% | $27,440,560▲1.7% | 990 |
| 2014 | $28,541,406▲30.6% | $27,621,287▲33.1% | $18,888,282▲7.3% | $26,980,098▲7.1% | 990 |
| 2013 | $21,860,779 | $20,756,962▼4.1% | $17,596,662▲15.2% | $25,195,947▲12.6% | 990 |
| 2011 | — | $21,639,860▲12.7% | $15,272,883▲9.6% | $22,381,300▲11.0% | 990 |
| 2010 | — | $19,197,140 | $13,937,943 | $20,154,291 | 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.
Frequently asked questions
- Is L & O Power Cooperative a legitimate nonprofit?
- Yes. L & O Power Cooperative is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 42-0721692, based in Rock Rapids, Iowa.
- What is L & O Power Cooperative's EIN?
- L & O Power Cooperative's Employer Identification Number (EIN) is 42-0721692.
- How much revenue does L & O Power Cooperative report?
- L & O Power Cooperative reported $43,103,383 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does L & O Power Cooperative have?
- CharityIndex grades L & O Power Cooperative B, based on financial health (reserves and operating margin).
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Data for L & O Power Cooperative (EIN 42-0721692) 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.