Compensation 990

Sioux Valley Southwestern Electric Cooperative Inc.

Fiscal year ending 2024. Filed on November 13, 2025.

PO Box 216
Colman, South Dakota 57017

Sioux Valley Southwestern Electric Cooperative Inc. (EIN: 46-0189704), also known as Sioux Valley Energy, has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Sioux Valley Southwestern Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 7 out of 118 total employees. Among the employees shown here, the average compensation is $308,192. The highest compensated employee at Sioux Valley Southwestern Electric Cooperative Inc. is Tim McCarthy with fiscal year 2024 compensation of $496,805.

Revenue, expenses, and employee compensation

Revenue

$108,080,408

Expenses

$108,080,408

Employee compensation

$930,526
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

－1.9%vs 2023
Tim McCarthy
Chief Executive Officer and General Manager
$496,805
$351,102 from orgNo related comp$145,703 other
＋12.1%vs 2023
Theodore Smith
Vice President of Engineering and Operations
$339,963
$237,452 from orgNo related comp$102,511 other
＋51.8%vs 2020
Justin Moose
Vice President, Technology
$285,278
$211,365 from orgNo related comp$73,913 other
＋3.9%vs 2023
Jason Maxwell
Chief Financial Officer
$273,736
$224,667 from orgNo related comp$49,069 other
－3.0%vs 2023
Carrie Vugteveen
Vice President, Public Relations
$259,326
$198,948 from orgNo related comp$60,378 other
New in 2024
Kimberlee Hansen
Vice President of Human Resources and Member Service
$254,655
$150,172 from orgNo related comp$104,483 other
－6.9%vs 2023
Tim Fey
Manager of Contractor Relations
$247,582
$153,754 from orgNo related comp$93,828 other

Non-Employee Board Members

－26.0%vs 2023
Gregg Johnson
Director
$17,935
$17,935 from orgNo related compNo other comp
－7.0%vs 2023
Rodney Dement
Director
$17,935
$14,335 from orgNo related comp$3,600 other
＋6.7%vs 2023
Dan Leuthold
President
$17,485
$14,035 from orgNo related comp$3,450 other
－27.6%vs 2023
Lucas Roskamp
Director
$15,885
$15,885 from orgNo related compNo other comp
－26.1%vs 2023
Gary Fish
Director
$15,535
$15,535 from orgNo related compNo other comp
－39.2%vs 2023
Don Degreef
Secretary
$15,535
$15,535 from orgNo related compNo other comp
－45.8%vs 2023
Mark Rogen
Director
$13,735
$13,735 from orgNo related compNo other comp
－5.2%vs 2023
Ann Vostad
Treasurer
$11,935
$11,935 from orgNo related compNo other comp
－30.6%vs 2023
Allan Weinacht
Director
$11,935
$11,935 from orgNo related compNo other comp
－21.1%vs 2023
Leslie Heinemann
Director
$11,335
$11,335 from orgNo related compNo other comp
－31.1%vs 2023
Dave Daniel
Vice President
$10,735
$10,735 from orgNo related compNo other comp

Mission Statement

SIOUX VALLEY ENERGY'S MISSION IS "SERVING OUR MEMBERS, ALWAYS".

Revisions to this organization profile

November 13, 2025:
2024 Sioux Valley Southwestern Electric Cooperative Inc. 990 filed
November 5, 2024:
2023 Sioux Valley Southwestern Electric Cooperative Inc. 990 filed
August 7, 2023:
2022 Sioux Valley Southwestern Electric Cooperative Inc. 990 filed

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