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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Central Iowa Power Cooperative

Central Iowa Power Cooperative

Fiscal year ending 2024. Filed on November 11, 2025.

PO Box 2517
Cedar Rapids, Iowa 52406

Central Iowa Power Cooperative (EIN: 42-0652127) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Central Iowa Power Cooperative, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 13 out of 126 total employees. Among the employees shown here, the average compensation is $242,952. The highest compensated employee at Central Iowa Power Cooperative is Andrew st John with fiscal year 2024 compensation of $468,438.

Revenue, expenses, and employee compensation

Revenue

$224,762,576

Expenses

$204,459,125

Employee compensation

$14,565,541
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Andrew st John
Executive Vice President and Chief Executive Officer
$468,438
$423,817 No related comp$44,621
Daniel Burns
Vice President Utility Operations
$309,685
$255,212 No related comp$54,473
Paul Hofman
Vice President, Information Technology
$300,314
$256,890 No related comp$43,424
Kendra Graves
Vice President Portfolio Strategy and Planning
$287,775
$242,955 No related comp$44,820
David Nicholson
Vice President and Chief Financial Officer
$260,285
$235,169 No related comp$25,116
Kerry Koonce
Vice President Communications and CORP Relations
$230,752
$195,867 No related comp$34,885
Memorea Schrader
Vice President, Human Resources
$228,986
$206,414 No related comp$22,572
Terry Fett
Director, Engineering and Operations
$215,412
$174,631 No related comp$40,781
Michelle Soyer
Finance Director
$210,944
$170,281 No related comp$40,663
Samuel Stineman
Director, Generation Assets
$208,124
$170,111 No related comp$38,013
Chad Miller
Manager of IT Security and Compliance
$192,680
$158,015 No related comp$34,665
Rex Butler
Manager of Environmental and Safety
$183,658
$152,927 No related comp$30,731

Benchmark Employee Compensation

Non-Employee Board Members

Gary Kester
Board Member
$43,840
$43,840 No related compNo other comp
Dan Westphal
Board Vice President
$39,885
$39,885 No related compNo other comp
Randy Rouse
Board Member
$39,588
$39,588 No related compNo other comp
Kirk Hiland
Board Member
$36,353
$36,353 No related compNo other comp
Gary McKenna
Board Member
$35,990
$35,990 No related compNo other comp
Arden Greiner
Board Member
$31,708
$31,708 No related compNo other comp
Duane Ver Ploeg
Board ASST Secretary/Treasurer
$26,570
$26,570 No related compNo other comp
Tim Larsen
Board Member
$25,060
$25,060 No related compNo other comp
Dale Walkup
Board Member
$21,860
$21,860 No related compNo other comp
Steve Bireline
Board Member
$21,015
$21,015 No related compNo other comp
Craig Stallman
Board Member
$19,505
$19,505 No related compNo other comp
Gene Manternach
Board Secretary and Treasurer
$6,795
$6,795 No related compNo other comp

Contractors

Heartland Divide Wind Project
Electric Energy
$10,530,856
Itc Holdings Corp.
Transmission Maintenance
$4,074,780
Aces Power Marketing LLC
Energy Management
$831,355
Downtower Connect LLC
Electric Energy
$699,812
Sullivan & Ward PC
Legal
$305,566

Mission Statement

ELECTRIC GENERATION AND TRANSMISSION COOPERATIVE

Revisions to this organization profile

November 11, 2025:
2024 Central Iowa Power Cooperative 990 filed
November 14, 2024:
2023 Central Iowa Power Cooperative 990 filed
November 9, 2023:
2022 Central Iowa Power Cooperative 990 filed

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