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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 Midland Power Cooperative

Midland Power Cooperative

Fiscal year ending 2018. Filed on November 13, 2019.

1005 E Lincoln Way
Jefferson, Iowa 50129

Midland Power Cooperative (EIN: 42-1378565) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2018 IRS Form 990 filing, Midland Power Cooperative, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 7 out of 53 total employees. Among the employees shown here, the average compensation is $148,959. The highest compensated employee at Midland Power Cooperative is Bill McKim with fiscal year 2018 compensation of $250,534.

Revenue, expenses, and employee compensation

Revenue

$56,414,515

Expenses

$52,543,908

Employee compensation

$3,448,109
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Bill McKim
Chief Executive Officer
$250,534
$213,021 No related comp$37,513
Brian Killeen
Lineman
$144,191
$112,942 No related comp$31,249
Bruce Keeney
Vice President, Operations
$141,300
$114,720 No related comp$26,580
Scott Benz
Lineman
$140,810
$105,066 No related comp$35,744
Barry Munson
Lineman
$124,777
$101,321 No related comp$23,456
Jeff Brophy
Vice President, Finance
$122,524
$96,708 No related comp$25,816
Norm Fandel
Vice President, Business Development
$118,578
$103,437 No related comp$15,141

Benchmark Employee Compensation

Non-Employee Board Members

Jack Runge
President
$11,366
$11,366 No related compNo other comp
Michael Coleman
Treasurer
$8,066
$8,066 No related compNo other comp
Joel Skow
Director
$7,666
$7,666 No related compNo other comp
Tom Ross
Vice President
$7,461
$7,461 No related compNo other comp
Tom Ingebritson
Director
$7,161
$7,161 No related compNo other comp
Kim Rinker
Director
$6,466
$6,466 No related compNo other comp
Rick Thompson
Assistant Secretary and Treasurer
$5,916
$5,916 No related compNo other comp
Paul Heineman
Director
$5,516
$5,516 No related compNo other comp
Charles Gilbert
Director
$5,366
$5,366 No related compNo other comp
Randy Christensen
Secretary
$5,275
$5,275 No related compNo other comp
James Weigel
Director
$4,311
$4,311 No related compNo other comp
James Byriel
Director
$3,816
$3,816 No related compNo other comp

Contractors

Legacy Power Line Inc.
Oh Line Ug Reb
$932,214
North Central Line Service
Oh Line Rebuilds
$790,222
Asplundh Tree Expert Co
Line Maintenance-Tree Trim
$244,743
Central Iowa Tree Care
Line Maintenance-Tree Trim
$177,955

Mission Statement

TO SAFELY PROVIDE RELIABLE, AFFORDABLE, AND RESPONSIBLE ELECTRIC SERVICE WHILE ENHANCING THE COMMUNITIES WE SERVE.

Revisions to this organization profile

November 3, 2025:
2024 Midland Power Cooperative 990 filed
November 11, 2024:
2023 Midland Power Cooperative 990 filed
October 26, 2023:
2022 Midland Power Cooperative 990 filed

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