Prairie Energy Cooperative

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

PO Box 353
Clarion, Iowa 50525

Prairie Energy Cooperative (EIN: 42-1506645) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Prairie Energy Cooperative, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 7 out of 32 total employees. Among the employees shown here, the average compensation is $170,013. The highest compensated employee at Prairie Energy Cooperative is Ken Norem with fiscal year 2024 compensation of $245,025.

Revenue, expenses, and employee compensation

Revenue

$34,548,486

Expenses

$32,651,323

Employee compensation

$2,672,639

Reported Compensated Employees

Director Operations and Engineer

$145,673 from orgNo related comp$99,352 other

Chief Executive Officer

$145,628 from orgNo related comp$68,311 other

Operations Coordinator

$106,752 from orgNo related comp$68,870 other

$111,150 from orgNo related comp$45,755 other

$111,326 from orgNo related comp$26,493 other

$108,390 from orgNo related comp$23,908 other

Finance Manager

$97,245 from orgNo related comp$31,238 other

Non-Employee Board Members

Donald Christopherson

Secretary and Treasurer

$15,000 from orgNo related compNo other comp

$15,000 from orgNo related compNo other comp

Allyn Waddingham

Assistant Secretary and Treasurer

$14,100 from orgNo related compNo other comp

$13,200 from orgNo related compNo other comp

$11,700 from orgNo related compNo other comp

$9,000 from orgNo related compNo other comp

$4,800 from orgNo related compNo other comp

Vice President (Part-Year)

$4,800 from orgNo related compNo other comp

Contractors

Highline Construction Inc

Line Builds for Fema Mitigation Project

Legacy Power Line Inc.

Global Mapping Solutions

Gis Mapping of Territory

Jacob Kvale Dba Kvale Tree Service

Tree Trimming and Tree Removal

Mission Statement

TO PROVIDE ELECTRIC POWER TO THE COOPERATIVE'S MEMBERS LOCATED PRIMARILY IN THE RURAL AREAS OF WRIGHT AND HANCOCK COUNTIES OF THE STATE OF IOWA.

Revisions to this organization profile

October 28, 2025:

2024 Prairie Energy Cooperative 990 filed

November 6, 2024:

2023 Prairie Energy Cooperative 990 filed

September 12, 2023:

2022 Prairie Energy Cooperative 990 filed

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