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Organizations East River Electric Power Cooperative Inc.

East River Electric Power Cooperative Inc.

Fiscal year ending 2020. Filed on November 8, 2021.

211 S Harth Ave
132
Madison, South Dakota 57042

East River Electric Power Cooperative Inc. (EIN: 46-0225402) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2020 IRS Form 990 filing, East River Electric Power Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 8 out of 160 total employees. Among the employees shown here, the average compensation is $328,057. The highest compensated employee at East River Electric Power Cooperative Inc. is Tom Boyko with fiscal year 2020 compensation of $753,918.

Revenue, expenses, and employee compensation

Revenue

$286,203,567

Expenses

$286,203,567

Employee compensation

$18,742,587
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Tom Boyko
Chief Executive Officer and General Manager
$753,918
$545,999 No related comp$207,919
Robert Sahr
General Counsel
$313,749
$212,554 No related comp$101,195
Dustin Zubke
Chief Financial Officer
$298,962
$239,681 No related comp$59,281
Chris Studer
Chief Member and PR Officer
$273,541
$200,951 No related comp$72,590
Mark Hoffman
Chief Operating Officer
$255,080
$185,413 No related comp$69,667
Michael Jaspers
Business Development Director
$251,633
$197,479 No related comp$54,154
Michael Volker
Rates and Treasury Manager
$244,762
$147,915 No related comp$96,847
John Knofczynski
System Planning Manager
$232,808
$151,257 No related comp$81,551

Benchmark Employee Compensation

Non-Employee Board Members

James Ryken
President
$15,355
$11,529 No related comp$3,826
Mark Sumption
Director
$15,307
$15,307 No related compNo other comp
Bert Rogness
Treasurer
$13,655
$13,655 No related compNo other comp
Gary Bachman
Director
$13,577
$13,577 No related compNo other comp
Ron Samuelson
Director
$12,562
$12,562 No related compNo other comp
Ervin Fink
Secretary
$11,990
$11,990 No related compNo other comp
Alan Vedvei
Director
$11,792
$11,792 No related compNo other comp
Dave Warkenthien
Director
$11,788
$52 No related comp$11,736
Alan Hinderman
Director
$11,632
$11,632 No related compNo other comp
Pat Homan
Vice President
$11,547
$11,547 No related compNo other comp
Ken Gillaspie
Director - Until 10/20
$11,469
$4,154 No related comp$7,315
Darren Strasser
Director
$11,142
$11,142 No related compNo other comp

Contractors

Highmark Erectors Inc.
Construction
$5,439,789
Moorhead Electric Inc.
Construction
$3,912,678
Key Contracting Inc.
Line Construction
$3,484,179
Highline Construction Inc.
Line Construction
$2,116,072
Ies Commercialinc
Line Construction
$1,548,655

Mission Statement

EAST RIVER ELECTRIC POWER COOPERATIVE EXISTS TO ENHANCE THE VALUE OF ITS MEMBERS.

Revisions to this organization profile

October 28, 2025:
2024 East River Electric Power Cooperative Inc. 990 filed
November 5, 2024:
2023 East River Electric Power Cooperative Inc. 990 filed
November 6, 2023:
2022 East River Electric Power Cooperative Inc. 990 filed

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