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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 Mutual & Membership Benefit Prairie Energy Cooperative

Prairie Energy Cooperative

Fiscal year ending 2018. Filed on June 24, 2019.

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 2018 IRS Form 990 filing, Prairie Energy Cooperative, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 4 out of 31 total employees. Among the employees shown here, the average compensation is $103,539. The highest compensated employee at Prairie Energy Cooperative is Ken Norem with fiscal year 2018 compensation of $160,914.

Revenue, expenses, and employee compensation

Revenue

$31,691,522

Expenses

$30,441,934

Employee compensation

$2,252,072
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Ken Norem
Director Operations and Engineering
$160,914
$105,596 No related comp$55,318
Tim Marienau
Chief Executive Officer
$123,964
$95,703 No related comp$28,261
Lori Demuth
Accounting and HR Manager
$95,676
$77,851 No related comp$17,825
Belva German
Interim General Manager
$33,603
$30,823 No related comp$2,780

Benchmark Employee Compensation

Non-Employee Board Members

Allyn Waddingham
Director
$10,800
$10,800 No related compNo other comp
Marion Denger
President and Director
$9,225
$9,225 No related compNo other comp
Donald Christopherson
Treasurer and Secretary and Director
$8,325
$8,325 No related compNo other comp
Ted Hall
Director
$8,100
$8,100 No related compNo other comp
Joshua Amonson
Director
$7,200
$7,200 No related compNo other comp
Scott Stecher
Dir./Asst. Secretary/Treasurer
$5,850
$5,850 No related compNo other comp
James Wellik
Vice President and Director
$5,400
$5,400 No related compNo other comp

Contractors

Henningsen Construction
Building Contractor
$766,906
Legacy Power Line Inc.
Line Construction
$529,899
Primoris Avenia Inc.
Elec Contractor
$273,186

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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