North West Rural Electric Cooperative
501(c)(12)
Only null% goes to programs Strong reserves
North West Rural Electric Cooperative is a 501(c)(12) organization based in Orange City, Iowa, registered in 1998, with $61,491,636 in FY2024 revenue. CharityIndex grades it A.
1505 Albany Pl Se, Orange City, IA, 51041 EIN 42-1404169 Since 1998
Revenue (FY2024)
$61.5M
▲ 6.8% vs prior year
Expenses (FY2024)
$59.8M
Net assets
$70.4M
Employees
44
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 North West Rural 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 →
AFinancial health25% of the rating14 mo reserves · +3% 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 North West Rural Electric Cooperative: 14 mo reserves · +3% 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 North West Rural Electric Cooperative: 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 North West Rural Electric Cooperative: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Provide electricity to its members.
Contact & location
- Address
- 1505 Albany Pl Se, Orange City, IA, 51041
- City
- Orange City
- State
- Iowa
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $48.5M (FY2013) to $61.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $83.0MNet assets $70.4M
Operating margin
2.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$153.4M
Total liabilities
$83.0M
Net assets
$70.4M
Salaries & benefits
$5.2M
9% of expenses
Board members
11
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $61,491,636▲6.8% | $59,778,301▲7.1% | $70,400,146▲4.6% | $153,360,780▲8.1% | 990 |
| 2023 | $57,563,670▲4.2% | $55,817,047▲4.8% | $67,302,450▲6.4% | $141,894,114▲8.2% | 990 |
| 2022 | $55,266,461▲3.1% | $53,241,789▲2.4% | $63,253,053▲6.5% | $131,130,476▲7.1% | 990 |
| 2021 | $53,606,354▼2.0% | $51,998,332▼2.3% | $59,408,945▲4.8% | $122,431,041▲6.7% | 990 |
| 2020 | $54,724,382▼4.0% | $53,245,090▼4.4% | $56,681,347▲3.9% | $114,690,066▲4.5% | 990 |
| 2019 | $56,998,175▼6.3% | $55,673,903▼3.9% | $54,579,685▲4.7% | $109,730,350▲3.3% | 990 |
| 2018 | $60,826,510▲8.8% | $57,906,656▲6.5% | $52,135,341▲15.9% | $106,200,299▲8.3% | 990 |
| 2017 | $55,906,616▲8.3% | $54,365,823▲8.4% | $45,001,520▲6.8% | $98,053,243▲5.6% | 990 |
| 2016 | $51,614,791▲4.7% | $50,157,590▲4.5% | $42,122,330▲5.8% | $92,818,990▲7.2% | 990 |
| 2015 | $49,286,193▼1.1% | $48,006,513▼1.7% | $39,825,618▲5.7% | $86,551,926▲5.3% | 990 |
| 2014 | $49,824,431▲2.7% | $48,847,422▲2.5% | $37,666,569▲4.9% | $82,231,413▲3.3% | 990 |
| 2013 | $48,515,978 | $47,668,923▲8.3% | $35,893,346▲4.4% | $79,588,927▲3.9% | 990 |
| 2012 | — | $44,018,411▲8.4% | $34,373,701▲6.1% | $76,600,726▲4.2% | 990 |
| 2011 | — | $40,618,818▲12.1% | $32,389,673▲4.2% | $73,535,674▲1.8% | 990 |
| 2010 | — | $36,227,064 | $31,071,133 | $72,250,515 | 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: Lyle D Korver — $283,217 (0.47% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Lyle D Korver | Ceo | 44.2 | $283,217 |
| Curtis F Ahrenholz | Finance Director | 41.5 | $139,634 |
| Douglas J Alons | Operations Director | 40.4 | $132,996 |
| Robert J Driesen | Member Services Director | 41.1 | $125,023 |
| Derrick W Haak | Assistant Operations Director | 40.3 | $125,019 |
| Justin D Nippert | Lead Lineman | 43.3 | $118,313 |
| Michael A Berkenpas | Lead Lineman | 43.3 | $118,030 |
| Jeff Rehder | President | 8 | $12,670 |
| Dave Bosma | Director | 6 | $11,190 |
| Shirley Schroeder - Director | (until 3/24)/asst S/t(as of 4/24) | 5 | $10,915 |
| Dan Van Beek | Director | 5 | $9,455 |
| Dale Ullrich - Asst St | (until 3/24)/vp(as of 4/24) | 5 | $9,410 |
| Steve Abma | Director | 5 | $9,055 |
| Steve Brown | Secretary | 5 | $8,755 |
| Tom Wagner | Treasurer | 5 | $7,580 |
| Dan Hoffman | Director | 7 | $7,430 |
| Douglas Becker - Vp Until | 3/24)/director(as of 4/24) | 5 | $7,000 |
| Scott Feuerhelm | Director | 5.5 | $5,880 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| H&d Underground Inc | Urd Boring & Plowing | $753,130 |
Grants made · $7,500 in FY2024
1 grant totaling $7,500 in FY2024. All grants made by North West Rural Electric Cooperative →
| Recipient | Purpose | Amount |
|---|---|---|
| Northwest Iowa Community College Foundation | Powerline program | $7,500 |
Frequently asked questions
- Is North West Rural Electric Cooperative a legitimate nonprofit?
- Yes. North West Rural Electric Cooperative is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 42-1404169, based in Orange City, Iowa.
- What is North West Rural Electric Cooperative's EIN?
- North West Rural Electric Cooperative's Employer Identification Number (EIN) is 42-1404169.
- How much revenue does North West Rural Electric Cooperative report?
- North West Rural Electric Cooperative reported $61,491,636 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does North West Rural Electric Cooperative have?
- CharityIndex grades North West Rural Electric Cooperative A, based on financial health (reserves and operating margin).
- How much does North West Rural Electric Cooperative's highest-paid employee make?
- The highest reported compensation on North West Rural Electric Cooperative's latest Form 990 is $283,217, paid to Lyle D Korver (Ceo).
More nonprofits in Orange City
Explore more
Data for North West Rural Electric Cooperative (EIN 42-1404169) 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.