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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 2022. Filed on August 31, 2023.

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 2022 IRS Form 990 filing, Northwest Iowa Power Cooperative, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 7 out of 49 total employees. Among the employees shown here, the average compensation is $219,819. The highest compensated employee at Northwest Iowa Power Cooperative is Matthew Washburn with fiscal year 2022 compensation of $393,547.

Revenue, expenses, and employee compensation

Revenue

$106,140,124

Expenses

$105,118,609

Employee compensation

$5,721,592
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Matthew Washburn
Executive Vice President and General Manager
$393,547
$263,194 No related comp$130,353
Jayme Huber
Vice President of Engineering Services
$215,007
$156,769 No related comp$58,238
Steve Harringa
Transmission Superintendent
$193,648
$122,320 No related comp$71,328
Steve Spieler
Chief Information Officer
$192,964
$143,651 No related comp$49,313
Jane Scheitler
Chief Financial Officer
$190,716
$133,370 No related comp$57,346
Michael J Persinger
Apparatus Services Manager
$181,644
$121,427 No related comp$60,217
Mark Nelson
Power Dispatching Manager
$171,207
$121,981 No related comp$49,226

Benchmark Employee Compensation

Non-Employee Board Members

Louis Reed
President
$17,960
$17,960 No related compNo other comp
Ronald Steinhoff
Vice President
$15,760
$15,760 No related compNo other comp
Bryan Greve
Director
$12,700
$12,700 No related compNo other comp
Trent Will Director
/Secretary (BEG 04/2022)
$8,180
$8,180 No related compNo other comp
James Else
Director (BEG 04/2022)
$7,970
$7,970 No related compNo other comp
A James Sharp
Director
$7,750
$7,750 No related compNo other comp
Thomas Wagner
Treasurer
$7,370
$7,370 No related compNo other comp
William G Farmer
Secretary (END 04/2022)
$1,120
$1,120 No related compNo other comp

Contractors

Watts Electric Company
Transmission Line Construction
$4,927,967
Ies Commercial
Switch Station Construction
$755,228
Pei
Substation Construction
$296,543
Dgr Engineering
Engineering
$232,666
N&M Power Company
Substation Construction
$148,644

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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