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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 2021. Filed on November 14, 2022.

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 2021 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 $245,505. The highest compensated employee at Central Iowa Power Cooperative is William Cherrier with fiscal year 2021 compensation of $473,006.

Revenue, expenses, and employee compensation

Revenue

$189,203,690

Expenses

$199,425,740

Employee compensation

$13,065,462
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

William Cherrier
Executive Vice President and Chief Executive Officer
$473,006
$436,008 No related comp$36,998
Rand Fisher
President of IADG
$384,879
$344,940 No related comp$39,939
Daniel Burns
Vice President Utility Operations
$258,966
$215,086 No related comp$43,880
Paul Hofman
Vice President, Information Technology
$258,484
$220,750 No related comp$37,734
Andrew st John
Vice President and Chief Financial Officer
$254,809
$213,507 No related comp$41,302
Kendra Graves
Vice President Portfolio Strategy and Planning
$231,147
$194,696 No related comp$36,451
Bruce Nuzum
Vice President Finance of IADG
$221,617
$190,551 No related comp$31,066
Dawn Sly-Terpstra
Part-Year Vice President Member Relations
$219,803
$199,711 No related comp$20,092
Memorea Schrader
Vice President, Human Resources
$197,338
$176,531 No related comp$20,807
Terry Fett
Engineering and Operations Director
$181,779
$147,402 No related comp$34,377
Michelle Soyer
Controller
$173,279
$141,009 No related comp$32,270
David Duncan
Resource Planning Consultant
$171,920
$144,059 No related comp$27,861

Benchmark Employee Compensation

Non-Employee Board Members

Paul Heineman
Board President
$44,560
$44,560 No related compNo other comp
Gary Kester
Board Member
$36,340
$36,340 No related compNo other comp
Dan Westphal
Board Vice President
$33,740
$33,740 No related compNo other comp
Gene Manternach
Board Secretary and Treasurer
$31,610
$31,610 No related compNo other comp
Randy Rouse
Board Member
$30,020
$30,020 No related compNo other comp
Kirk Hiland
Board Member
$29,750
$29,750 No related compNo other comp
Craig Stallman
Board Member
$24,738
$24,738 No related compNo other comp
Gary McKenna
Board Member
$22,500
$22,500 No related compNo other comp
Steve Bireline
Board Member
$21,650
$21,650 No related compNo other comp
Duane Ver Ploeg
Board ASST Secretary/Treas
$19,890
$19,890 No related compNo other comp
Arden Greiner
Board Member
$17,640
$17,640 No related compNo other comp
Dale Walkup
Board Member
$16,370
$16,370 No related compNo other comp

Contractors

Heartland Divide Wind Project
Electric Energy
$9,988,413
Itc Holdings Corp.
Transmission Maintenance
$6,294,844
Mj Electric LLC
Electrical Construction
$838,603
Aces Power Marketing LLC
Energy Management
$447,366
Sullivan & Ward PC
Legal
$349,066

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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