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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 Heartland Power Cooperative

Heartland Power Cooperative

Fiscal year ending 2024. Filed on October 28, 2025.

216 Jackson St
Thompson, Iowa 50478

Heartland Power Cooperative (EIN: 42-1468305) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Heartland Power Cooperative, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 7 out of 27 total employees. Among the employees shown here, the average compensation is $220,891. The highest compensated employee at Heartland Power Cooperative is Jon Leerar with fiscal year 2024 compensation of $394,854.

Revenue, expenses, and employee compensation

Revenue

$33,661,165

Expenses

$33,276,676

Employee compensation

$2,714,547
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Jon Leerar
Chief Executive Officer and General Manager
$394,854
$219,798 No related comp$175,056
Pete Paulson
Line Foreman
$257,752
$108,482 No related comp$149,270
Karrie Pringnitz
Finance Director
$219,513
$132,928 No related comp$86,585
Dave Low
Operations Director
$214,041
$124,485 No related comp$89,556
Gabe Mayer
Line Foreman
$200,323
$106,511 No related comp$93,812
Colton Skarpohl-Ost
Lineman
$131,045
$106,264 No related comp$24,781
Jarrett Woods
First Class Lineman
$128,709
$109,475 No related comp$19,234

Benchmark Employee Compensation

Non-Employee Board Members

Roger Solomonson
Director
$11,400
$11,400 No related compNo other comp
Don Knudtson
President
$10,530
$10,530 No related compNo other comp
Vince Morische
Secretary
$9,775
$9,775 No related compNo other comp
Michael Cole
ASST Secretary Treasurer FROM 03/24
$9,500
$9,500 No related compNo other comp
Tricia Jaeger
Treasurer
$9,225
$9,225 No related compNo other comp
Mark Kingland
Vice President
$8,100
$8,100 No related compNo other comp
Steven Groth
Director FROM 03/24
$1,800
$1,800 No related compNo other comp
Gary Pearson
ASST Secretary-Treasurer UTL 03/24
$825
$825 No related compNo other comp

Contractors

Zinniel Utility Contracting Inc.
Underground Utility Contractor
$962,948
Highline Construction Inc
Construction Contractor
$680,279
Mcpeak Trenching
Underground Utility Contractor
$367,779
Asplundh Tree Expert Co
Tree Trimming
$291,210
Star Energy Services LLC
Engineering and Other
$199,177

Mission Statement

OUR VISION IS TO BE THE PROVIDER OF CHOICE FOR ENERGY AND SERVICES BY ALL CONSUMERS. OUR PRIMARY PURPOSE IS TO PROVIDE ELECTRICAL ENERGY AND OTHER SERVICES THAT ENHANCE THE QUALITY OF LIFE OF OUR MEMBERS AND THE ECONOMIC AND SOCIAL WELL-BEING OF THE REGION AT THE LOWEST POSSIBLE COST CONSISTENT WITH SOUND ECONOMIC AND MANAGEMENT DECISIONS.

Revisions to this organization profile

October 28, 2025:
2024 Heartland Power Cooperative 990 filed
October 28, 2024:
2023 Heartland Power Cooperative 990 filed
November 2, 2023:
2022 Heartland Power Cooperative 990 filed

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