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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 2018. Filed on November 14, 2019.

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 2018 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 128 total employees. Among the employees shown here, the average compensation is $222,610. The highest compensated employee at Central Iowa Power Cooperative is William Cherrier with fiscal year 2018 compensation of $411,966.

Revenue, expenses, and employee compensation

Revenue

$195,289,761

Expenses

$208,864,856

Employee compensation

$10,594,340
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

William Cherrier
Executive Vice President and Chief Executive Officer
$411,966
$386,127 No related comp$25,839
Rand Fisher
President of IADG
$404,550
$321,253 No related comp$83,297
Dusky Terry
Vice President Planning and Growth Strategies
$251,535
$194,995 No related comp$56,540
Paul Hofman
Vice President, Information Technology
$239,734
$182,083 No related comp$57,651
Andrew st John
Vice President and Chief Financial Officer
$224,660
$169,492 No related comp$55,168
Daniel Burns
Vice President Utility Operations
$215,060
$160,993 No related comp$54,067
Bruce Nuzum
Vice President Finance of IADG
$213,037
$163,546 No related comp$49,491
Gary Slaby
Part-Year Vice President Utility Operations
$207,488
$162,321 No related comp$45,167
Edward Dusheck
Part-Year Systems Operations Manager
$184,668
$136,667 No related comp$48,001
David Kipp
Part-Year Substation Electrician Foreman
$180,179
$153,009 No related comp$27,170
Dawn Sly-Terpstra
Vice President Corporate Communications
$171,003
$156,660 No related comp$14,343
Janel Cerwick
Part-Year Vice President Human Capital
$127,820
$103,600 No related comp$24,220

Benchmark Employee Compensation

Non-Employee Board Members

Gene Manternach
Board Member
$30,680
$30,680 No related compNo other comp
Dan Westphal
Board Vice President
$28,894
$28,894 No related compNo other comp
Gary Kester
Director (Part-Year)
$25,280
$25,280 No related compNo other comp
Dale Walkup
Board Member
$24,590
$24,590 No related compNo other comp
Roger Krug
Board Member
$24,380
$24,380 No related compNo other comp
Duane Armstead
Board Member
$24,230
$24,230 No related compNo other comp
Randy Rouse
Board Member
$24,134
$24,134 No related compNo other comp
Marcel Fett
Board Member
$20,914
$20,914 No related compNo other comp
Duane Ver Ploeg
Board Member
$20,524
$20,524 No related compNo other comp
Allen Albers
Board Secretary and Treasurer
$20,480
$20,480 No related compNo other comp
Nicholas Hammes
Board ASST Secretary/Treasurer
$16,960
$16,960 No related compNo other comp
Mark Wampler
Director (Part-Year)
$13,756
$13,756 No related compNo other comp

Contractors

Story Wind LLC
Electric Energy
$7,539,292
Elk Wind Energy LLC
Electric Energy
$7,123,112
Rippey Wind Energy LLC
Electric Energy
$6,949,356
Itc Holdings Corp.
Transmission Maintenance
$6,224,672
Bethel Wind Energy LLC
Electric Energy
$5,457,038

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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