Wabash Valley Power Association Inc
501(c)(12)
Only null% goes to programs
Wabash Valley Power Association Inc is a 501(c)(12) organization based in Indianapolis, Indiana, registered in 1973, with $805,631,891 in FY2024 revenue. CharityIndex grades it A.
6702 Intech Blvd, Indianapolis, IN, 46278 EIN 35-1274565 Since 1973
Revenue (FY2024)
$805.6M
▲ 2.3% vs prior year
Expenses (FY2024)
$771.6M
Net assets
$334.3M
Employees
125
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 Wabash Valley Power Association 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 rating5 mo reserves · +4% 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 Wabash Valley Power Association Inc: 5 mo reserves · +4% 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 Wabash Valley Power Association Inc: 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 Wabash Valley Power Association Inc: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
Wabash valley power association, inc. is an electric generation and transmission cooperative which exists to meet the collective needs of our member-owners and provide reliable, stable, and responsible energy solutions.
Contact & location
- Address
- 6702 Intech Blvd, Indianapolis, IN, 46278
- City
- Indianapolis
- State
- Indiana
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $739.3M (FY2013) to $805.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.4BNet assets $334.3M
Operating margin
4.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.7B
Total liabilities
$1.4B
Net assets
$334.3M
Salaries & benefits
$12.8M
2% of expenses
Board members
23
23 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $805,631,891▲2.3% | $771,606,571▲1.8% | $334,302,918▲10.4% | $1,704,142,884▲9.1% | 990 |
| 2023 | $787,663,308▼15.7% | $757,738,717▼17.8% | $302,802,928▲10.0% | $1,562,139,754▼2.3% | 990 |
| 2022 | $934,723,597▲23.4% | $921,887,386▲23.8% | $275,302,928▲3.4% | $1,598,590,270▲22.2% | 990 |
| 2021 | $757,452,533▲16.5% | $744,529,833▲19.0% | $266,302,928▲4.1% | $1,308,025,251▲2.2% | 990 |
| 2020 | $650,313,792▼0.3% | $625,516,927▼0.3% | $255,830,123▲6.9% | $1,279,835,445▲5.4% | 990 |
| 2019 | $652,241,183▼1.4% | $627,103,632▼1.1% | $239,316,381▲7.4% | $1,214,149,700▲2.4% | 990 |
| 2018 | $661,271,025▼6.6% | $634,050,670▼8.0% | $222,783,127▲7.0% | $1,186,012,334▲2.8% | 990 |
| 2017 | $708,126,389▲1.7% | $689,017,283▼0.3% | $208,302,933▲5.3% | $1,153,202,318▲3.9% | 990 |
| 2016 | $696,094,534▼6.6% | $690,786,807▼5.0% | $197,802,933▲3.1% | $1,109,581,822▲10.2% | 990 |
| 2015 | $744,969,382▼9.4% | $726,857,769▼9.6% | $191,802,933▲1.6% | $1,006,781,247▲11.8% | 990 |
| 2014 | $821,822,275▲11.2% | $803,956,095▲11.7% | $188,802,933▲10.5% | $900,425,675▼0.4% | 990 |
| 2013 | $739,252,264 | $719,714,130▲4.7% | $170,802,932▲13.3% | $903,909,820▼0.7% | 990 |
| 2012 | — | $687,193,168▼2.5% | $150,802,932▲13.1% | $910,692,928▲2.8% | 990 |
| 2011 | — | $705,169,123▼4.7% | $133,302,943▲15.6% | $885,573,019▼3.6% | 990 |
| 2010 | — | $740,232,022 | $115,302,941 | $918,467,842 | 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: Jeff Conrad — $777,791 (0.10% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jeff Conrad | President and Ceo | 40 | $777,791 |
| Theresa Young | Coo | 40 | $348,232 |
| Matthew Moore | Exec. Vp, Power Supply | 40 | $340,473 |
| Curtis Taylor | Exec. Vp, Technology Services | 40 | $306,700 |
| Jeff Hume | Vp, Strat. Elec. & Mem. Relations | 40 | $305,577 |
| Albert Taylor | Vp, Generation | 40 | $219,624 |
| Richard Mullen | Director, Field Operations | 40 | $218,355 |
| Vicki Gardner | Vp, Marketing, Comm., & Advocacy | 40 | $201,518 |
| Spencer House | Director of System Operations | 40 | $200,242 |
| Joan Soller | Director, Risk Mgmt. & Reg. Affairs | 40 | $188,043 |
| Chris Daniels | Exec. Director of Engineering | 40 | $184,633 |
| Nisha Harke | Sr. Mgr., Finance & Lender Relations | 40 | $173,703 |
| Dennis Burton | Director/chairman | 6 | $33,575 |
| Douglas H Burnworth | Director/secretary & Treasurer | 7 | $30,900 |
| Kenneth D Denton | Director | 6 | $26,950 |
| Bart Nesius | Director/vice Chairman | 4 | $25,100 |
| Tina Davis | Director | 3 | $21,550 |
| David Janney | Director | 6 | $21,250 |
| Philip M Hayes | Director | 3 | $19,150 |
| Shane Rasler | Director | 5 | $19,050 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Burns Mcdonnell Engineering Company | Construction Services | $19,602,007 |
| Duke Energy Indiana LLC | Management Fees | $14,358,659 |
| Anixter Inc | Management Fees | $7,620,411 |
| Edwards-rigdon Construction | Construction Services | $4,093,588 |
| Linetec Services LLC | Construction Services | $4,088,485 |
Frequently asked questions
- Is Wabash Valley Power Association Inc a legitimate nonprofit?
- Yes. Wabash Valley Power Association Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 35-1274565, based in Indianapolis, Indiana.
- What is Wabash Valley Power Association Inc's EIN?
- Wabash Valley Power Association Inc's Employer Identification Number (EIN) is 35-1274565.
- How much revenue does Wabash Valley Power Association Inc report?
- Wabash Valley Power Association Inc reported $805,631,891 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Wabash Valley Power Association Inc have?
- CharityIndex grades Wabash Valley Power Association Inc A, based on financial health (reserves and operating margin).
- How much does Wabash Valley Power Association Inc's highest-paid employee make?
- The highest reported compensation on Wabash Valley Power Association Inc's latest Form 990 is $777,791, paid to Jeff Conrad (President and Ceo).
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Data for Wabash Valley Power Association Inc (EIN 35-1274565) 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.