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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 Northwest Iowa Power Cooperative

Northwest Iowa Power Cooperative

Fiscal year ending 2024. Filed on August 4, 2025.

31002 County Road C38 PO Box 240
LE Mars, Iowa 51031

Northwest Iowa Power Cooperative (EIN: 42-0723014) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Northwest Iowa Power Cooperative, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 8 out of 48 total employees. Among the employees shown here, the average compensation is $228,573. The highest compensated employee at Northwest Iowa Power Cooperative is Matthew Washburn with fiscal year 2024 compensation of $423,748.

Revenue, expenses, and employee compensation

Revenue

$114,611,981

Expenses

$113,962,140

Employee compensation

$6,562,676
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Matthew Washburn
Executive Vice President and General Manager
$423,748
$304,901 No related comp$118,847
Jayme Huber
Vice President of Engineering Services
$234,831
$178,194 No related comp$56,637
Steve Spieler
Chief Information Officer
$212,019
$163,553 No related comp$48,466
Jane Scheitler
Chief Financial Officer
$209,443
$152,012 No related comp$57,431
Michael J Persinger
Apparatus Services Manager
$199,001
$137,272 No related comp$61,729
Thomas Berkenpas
Transmission Superintenden
$194,959
$132,359 No related comp$62,600
Mark Nelson
Power Dispatching Manager
$184,868
$138,999 No related comp$45,869
Grant Oliver
Crew Foreman
$169,718
$129,932 No related comp$39,786

Benchmark Employee Compensation

Non-Employee Board Members

Louis Reed
President
$17,750
$17,750 No related compNo other comp
James Else
Director
$14,070
$14,070 No related compNo other comp
Ronald Steinhoff
Vice President
$13,080
$13,080 No related compNo other comp
Thomas Wagner
Treasurer
$11,260
$11,260 No related compNo other comp
Brenda Lundergard
Director
$11,020
$11,020 No related compNo other comp
Trent Will
Secretary
$9,750
$9,750 No related compNo other comp
Bryan Greve
Director
$7,170
$7,170 No related compNo other comp

Contractors

Watts Electric Company
Transmission Line Construction
$9,010,688
L&L Builders CO
Outpost Building Construction
$1,790,695
N&M Power Company
Switch Station Construction
$359,242
Schoon Construction Inc.
Fiber Boring
$264,006
Cardis Mfg CO Inc.
Install Fencing
$172,465

Mission Statement

WHOLESALE ELECTRICITY SALES TO ITS MEMBER COOPERATIVES.

Revisions to this organization profile

August 4, 2025:
2024 Northwest Iowa Power Cooperative 990 filed
August 6, 2024:
2023 Northwest Iowa Power Cooperative 990 filed
August 31, 2023:
2022 Northwest Iowa Power Cooperative 990 filed

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