Linn County Rural Electric Cooperative Association
501(c)(12)
Only null% goes to programs Strong reserves Growing revenue
Linn County Rural Electric Cooperative Association is a 501(c)(12) organization based in Marion, Iowa, registered in 1939, with $70,645,418 in FY2024 revenue. CharityIndex grades it A.
Po Box 69, Marion, IA, 52302 EIN 42-0381704 Since 1939
Revenue (FY2024)
$70.6M
▲ 1.8% vs prior year
Expenses (FY2024)
$65.5M
Net assets
$97.7M
Employees
76
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 Linn County Rural Electric Cooperative Association— 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 rating18 mo reserves · +7% 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 Linn County Rural Electric Cooperative Association: 18 mo reserves · +7% 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 Linn County Rural Electric Cooperative Association: 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 Linn County Rural Electric Cooperative Association: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Providing electrical service to the members of the cooperative.
What they do
Cooperative distributed purchased power to members over 2,515 miles of distribution line.
The cooperative billed 34,266 services on a monthly basis.
Contact & location
Financial trends
Revenue grew from $52.7M (FY2013) to $70.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $125.2MNet assets $97.7M
Operating margin
7.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$222.9M
Total liabilities
$125.2M
Net assets
$97.7M
Salaries & benefits
$709K
1% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $70,645,418▲1.8% | $65,500,552▲6.9% | $97,650,841▲8.6% | $222,870,019▲7.1% | 990 |
| 2023 | $69,410,092▲9.7% | $61,277,199▲2.4% | $89,941,805▲11.0% | $208,132,445▲8.3% | 990 |
| 2022 | $63,258,366▲6.6% | $59,830,655▲10.2% | $81,062,612▲6.1% | $192,250,615▲3.5% | 990 |
| 2021 | $59,329,522▲4.3% | $54,276,173▲3.9% | $76,367,182▲8.4% | $185,789,992▲3.2% | 990 |
| 2020 | $56,905,313▲4.6% | $52,217,802▲2.8% | $70,453,507▲11.6% | $179,994,283▲5.4% | 990 |
| 2019 | $54,377,849▲1.2% | $50,810,355 | $63,114,525▲6.9% | $170,740,395▲7.1% | 990 |
| 2018 | $53,732,198▲1.5% | $50,789,406▲3.7% | $59,022,096▲6.4% | $159,491,284▲7.1% | 990 |
| 2017 | $52,920,477▼3.4% | $48,986,279▼0.9% | $55,473,771▲7.6% | $148,909,026▲6.4% | 990 |
| 2016 | $54,787,355▲2.5% | $49,423,505▲1.5% | $51,542,852▲10.3% | $139,939,046▲4.7% | 990 |
| 2015 | $53,465,355▼1.6% | $48,691,579▲0.4% | $46,750,064▲9.3% | $133,607,234▲4.6% | 990 |
| 2014 | $54,343,508▲3.1% | $48,482,398▼0.4% | $42,774,435▲15.7% | $127,714,655▲9.5% | 990 |
| 2013 | $52,686,443 | $48,652,765▲4.1% | $36,972,033▲11.5% | $116,632,374▲6.1% | 990 |
| 2012 | — | $46,730,724▲5.2% | $33,149,052▲12.4% | $109,964,691▲9.4% | 990 |
| 2011 | — | $44,413,392▲4.8% | $29,482,766▲5.4% | $100,476,430▲6.7% | 990 |
| 2010 | — | $42,399,265 | $27,980,970 | $94,173,321 | 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: Terry Sullivan — $278,279 (0.42% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Terry Sullivan | Gm/ceo | 40 | $278,279 |
| Kevin Stucker | Engineering Manager | 40 | $174,663 |
| Nicholas Holub | Lineman | 40 | $157,292 |
| Robin Pospisil | Hr Manager | 40 | $142,134 |
| Nabin Kandel | Principal Engineer | 40 | $141,420 |
| Jennifer Feddersen | Controller | 40 | $139,430 |
| Dan Appelhans | Line Superintendent | 40 | $139,261 |
| Gary Schlotterback | Secretary | 6.7 | $30,000 |
| Gary Schropp | President | 3.93 | $27,100 |
| Ron O'neil | Asst Secretary | 5.97 | $21,600 |
| Kenneth Squires | Vice President | 3.85 | $15,525 |
| Jeanna Sager | Director | 2.56 | $12,000 |
| Lisa Rose | Treasurer | 2.39 | $9,950 |
| Kirk Hiland | Director | 2.71 | $9,000 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Swick Cable Construction | Electrical Contractor | $1,919,641 |
| Intren | Electrical Contractor | $1,615,299 |
| Asplundh | Row/tree Trimming Contractor | $1,169,032 |
| Eilertson | Electrical Contractor | $763,150 |
| Usic | Locating Contractor | $450,478 |
Frequently asked questions
- Is Linn County Rural Electric Cooperative Association a legitimate nonprofit?
- Yes. Linn County Rural Electric Cooperative Association is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 42-0381704, based in Marion, Iowa.
- What is Linn County Rural Electric Cooperative Association's EIN?
- Linn County Rural Electric Cooperative Association's Employer Identification Number (EIN) is 42-0381704.
- How much revenue does Linn County Rural Electric Cooperative Association report?
- Linn County Rural Electric Cooperative Association reported $70,645,418 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Linn County Rural Electric Cooperative Association have?
- CharityIndex grades Linn County Rural Electric Cooperative Association A, based on financial health (reserves and operating margin).
- How much does Linn County Rural Electric Cooperative Association's highest-paid employee make?
- The highest reported compensation on Linn County Rural Electric Cooperative Association's latest Form 990 is $278,279, paid to Terry Sullivan (Gm/ceo).
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Data for Linn County Rural Electric Cooperative Association (EIN 42-0381704) 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.