Central Iowa Power Cooperative
Cedar Rapids, IA · EIN 42-0652127 · Rank 2,746 by total revenue
Electric generation and transmission cooperative
Money, Form 990 for tax year 2024
- Total revenue
- $224,762,576
- Total expenses
- $204,459,125
- Total assets
- $910,500,887
- Salary base (all salaries and wages)
- $8,330,100
- Salaries, other pay and benefits
- $14,565,541
- Employees
- 126
- Salary base per employee
- $66,112
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (21)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Andrew St John | EXECUTIVE VICE PRESIDENT & CEO | Officer | 40 | $468,438 |
| Daniel Burns | VP UTILITY OPERATIONS | Officer | 40 | $309,685 |
| Paul Hofman | VP INFORMATION TECHNOLOGY | Officer | 40 | $300,314 |
| Kendra Graves | VP PORTFOLIO STRATEGY & PLANNING | Officer | 40 | $287,775 |
| David Nicholson | VP & CFO | Officer | 40 | $260,285 |
| Kerry Koonce | VP COMMUNICATIONS & CORP RELATIONS | Officer | 40 | $230,752 |
| Memorea Schrader | VP HUMAN RESOURCES | Officer | 40 | $228,986 |
| Paul Heineman | BOARD PRESIDENT | Board, Officer | 18 | $61,320 |
| Dan Westphal | BOARD VICE PRESIDENT | Board, Officer | 11.4 | $39,885 |
| Duane Ver Ploeg | BOARD ASST SECRETARY/TREASURER | Board, Officer | 8.4 | $26,570 |
| Gene Manternach | BOARD SECRETARY/TREASURER | Board, Officer | 6.08 | $6,795 |
| Gary Kester | BOARD DIRECTOR | Board | 14.75 | $43,840 |
| Randy Rouse | BOARD DIRECTOR | Board | 5.83 | $39,588 |
| Kirk Hiland | BOARD DIRECTOR | Board | 10.83 | $36,353 |
| Gary McKenna | BOARD DIRECTOR | Board | 10.5 | $35,990 |
| Arden Greiner | BOARD DIRECTOR | Board | 10.73 | $31,708 |
| Tim Larsen | BOARD DIRECTOR | Board | 8.88 | $25,060 |
| Dale Walkup | BOARD DIRECTOR | Board | 7 | $21,860 |
| Steve Bireline | BOARD DIRECTOR | Board | 7.25 | $21,015 |
| Craig Stallman | BOARD DIRECTOR | Board | 8.25 | $19,505 |
| Ronald Thielen | PART-YEAR BOARD DIRECTOR | Board | 1 | $1,570 |
Top 10 paid people listed
These 10 people received $2,720,715, which is 32.7% of the $8,330,100 salary base shared by 126 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Andrew St John | EXECUTIVE VICE PRESIDENT & CEO | Officer | 40 | $423,817 | $0 | $44,621 | $468,438 |
| Daniel Burns | VP UTILITY OPERATIONS | Officer | 40 | $255,212 | $0 | $54,473 | $309,685 |
| Paul Hofman | VP INFORMATION TECHNOLOGY | Officer | 40 | $256,890 | $0 | $43,424 | $300,314 |
| Kendra Graves | VP PORTFOLIO STRATEGY & PLANNING | Officer | 40 | $242,955 | $0 | $44,820 | $287,775 |
| David Nicholson | VP & CFO | Officer | 40 | $235,169 | $0 | $25,116 | $260,285 |
| Kerry Koonce | VP COMMUNICATIONS & CORP RELATIONS | Officer | 40 | $195,867 | $0 | $34,885 | $230,752 |
| Memorea Schrader | VP HUMAN RESOURCES | Officer | 40 | $206,414 | $0 | $22,572 | $228,986 |
| Terry Fett | DIRECTOR, ENGINEERING & OPERATIONS | Highly paid employee | 40 | $174,631 | $0 | $40,781 | $215,412 |
| Michelle Soyer | DIRECTOR OF FINANCE | Highly paid employee | 40 | $170,281 | $0 | $40,663 | $210,944 |
| Samuel Stineman | DIRECTOR, GENERATION ASSETS | Highly paid employee | 40 | $170,111 | $0 | $38,013 | $208,124 |
Sources
- IRS e-file return 202513159349302806 (Form 990, period ending 2024-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 42-0652127
- Organization website (as filed): www.cipco.net