Prairie Power Inc
501(c)(12)
Only null% goes to programs Strong reserves
Prairie Power Inc is a 501(c)(12) organization based in Springfield, Illinois, registered in 1978, with $173,048,857 in FY2023 revenue. CharityIndex grades it A.
3130 Pleasant Run, Springfield, IL, 62711 EIN 37-1013955 Since 1978
Revenue (FY2023)
$173.0M
▼ 10.3% vs prior year
Expenses (FY2023)
$173.0M
Net assets
$130.6M
Employees
72
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 Prairie Power 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 rating9 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 Prairie Power Inc: 9 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 Prairie Power Inc: 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 Prairie Power Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Member-owned not-for-profit electric generation and transmission cooperative
What they do
Transmission of electricity - transmission of electricity from the generator to our member systems
Distribution of electricity - distribution of electricity from the substation to our member systems.
Contact & location
- Address
- 3130 Pleasant Run, Springfield, IL, 62711
- City
- Springfield
- State
- Illinois
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $135.3M (FY2013) to $173.0M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $635.7MNet assets $130.6M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$766.2M
Total liabilities
$635.7M
Net assets
$130.6M
Salaries & benefits
$9.0M
5% of expenses
Board members
20
20 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $173,048,857▼10.3% | $173,048,857▼10.3% | $130,566,000▲2.4% | $766,225,748▲0.4% | 990 |
| 2022 | $192,903,895▲20.7% | $192,903,895▲20.7% | $127,566,000▲2.4% | $762,936,088▲8.2% | 990 |
| 2021 | $159,851,306▲5.5% | $159,851,306▲5.5% | $124,566,000▲2.5% | $704,846,695▲6.6% | 990 |
| 2020 | $151,548,210▲0.6% | $151,548,210▲0.6% | $121,566,000▲2.5% | $661,003,539▲2.0% | 990 |
| 2019 | $150,647,746▼0.3% | $150,647,746▼0.3% | $118,566,000▲2.6% | $647,937,461▲0.4% | 990 |
| 2018 | $151,090,813▲4.1% | $151,090,813▲10.2% | $115,566,000▲2.7% | $645,464,350▼0.9% | 990 |
| 2017 | $145,072,200▲2.3% | $137,066,407▲2.4% | $112,566,000▲2.7% | $651,024,899▲1.0% | 990 |
| 2016 | $141,817,689▲3.3% | $133,802,320▲3.5% | $109,566,000▲2.8% | $644,606,006▲0.8% | 990 |
| 2015 | $137,342,218▼7.6% | $129,244,040▼8.4% | $106,566,000▲2.9% | $639,510,478▲5.8% | 990 |
| 2014 | $148,639,586▲9.8% | $141,143,606▲8.7% | $103,566,000▲7.2% | $604,669,263▲0.8% | 990 |
| 2013 | $135,346,755 | $129,894,759▲14.5% | $96,572,378▲6.0% | $599,616,637▲0.8% | 990 |
| 2012 | — | $113,396,067▼5.2% | $91,136,395▲12.7% | $594,695,201▲2.2% | 990 |
| 2011 | — | $119,605,182▲3.2% | $80,889,904▲5.8% | $581,880,144▲5.7% | 990 |
| 2010 | — | $115,849,458 | $76,421,092 | $550,646,370 | 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 (FY2023)
Highest-paid: Eric Hobbie — $490,157 (0.28% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Eric Hobbie | President & Ceo | 40 | $490,157 |
| Joseph Smith | Chief Technology Officer | 46 | $216,730 |
| Crystal Riney | Vp Finance & Accounting | 40 | $205,399 |
| Micah Bushnell | Vp Portfolio & Markets | 40 | $200,728 |
| Brian Fitzgerald Vp-generation | Major Projects From 06/24 | 40 | $199,596 |
| Robert Reynolds Until 0623 | Sr Vp Members & Business Devel./sr. Bus. Advisor | 11 | $186,697 |
| Tracy Fuchs | General Counsel | 40 | $186,044 |
| Jeremy Johnson | Vp-engineering & Operations | 43 | $185,699 |
| Craig Curtis | Construction Project Manager | 40 | $153,315 |
| Charles Fogleman | Manager of Dispatch and Compliance | 41 | $153,044 |
| Mark Clayton | Superintendent of Operation/real Estate Manager | 44 | $151,280 |
| Clark Buhlig | General Foreman | 45 | $143,937 |
| Corey Mason | Engineering Supervisor II | 42 | $138,396 |
| Rachel Sexton | Director of Human Resource | 40 | $92,278 |
| Tom Travis | Director | 3 | $10,100 |
| Brent Lively | Director | 1 | $9,750 |
| Jerry Riggins | Director | 3 | $9,750 |
| Thomas Meehan | Director | 2 | $9,750 |
| Gary L Martin | Vice Chairman | 1 | $9,400 |
| Chad Larimore | Director | 2 | $8,700 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| The Le Myers Company | Electrical Line, Substation, and Utility | $4,917,283 |
| Proenergy | Combustion Turbine Maintenance and Repai | $4,279,437 |
| Hanson Professional Services Inc | Engineering Consulting Services | $2,291,225 |
| Toth and Associates Inc | Engineering Consulting Services | $2,063,647 |
| Cross Discipline Engineering LLC | Engineering Consulting Services | $1,620,393 |
Grants received · $72K total
1 grant to Prairie Power Inc totaling $72K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Rural Utilities Cooperative Finance Corp | Integrity fund - territory threat | 2020 | $72,283 |
Grants made · $10K in FY2014
1 grant totaling $10K in FY2014. All grants made by Prairie Power Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Association of Illinois Electric Cooperatives | Energy grants | $10,000 |
Frequently asked questions
- Is Prairie Power Inc a legitimate nonprofit?
- Yes. Prairie Power Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 37-1013955, based in Springfield, Illinois.
- What is Prairie Power Inc's EIN?
- Prairie Power Inc's Employer Identification Number (EIN) is 37-1013955.
- How much revenue does Prairie Power Inc report?
- Prairie Power Inc reported $173,048,857 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Prairie Power Inc have?
- CharityIndex grades Prairie Power Inc A, based on financial health (reserves and operating margin).
- How much does Prairie Power Inc's highest-paid employee make?
- The highest reported compensation on Prairie Power Inc's latest Form 990 is $490,157, paid to Eric Hobbie (President & Ceo).
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Explore more
Data for Prairie Power Inc (EIN 37-1013955) 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.