Riverland Energy Cooperative

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 390663435 ✦ Arcadia, WI ✦ Designated as a 501(c)(12)

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Overview

What is Riverland Energy Cooperative?

Riverland Energy Cooperative is a public utility based in Arcadia, Wisconsin. They are a nonprofit organization dedicated to serving their community by supplying electricity to its members. As a cooperative, their mission is to ensure a consistent power source for their customers. The cooperative's operations remain focused on this primary goal.


Official website here: www.riverlandenergy.com

What are the reviews and ratings of this charity?

Riverland Energy Cooperative is not currently rated by Charity Navigator due to its classification outside the 501(c)(3) IRS registered nonprofit category. The lack of a rating doesn't imply a negative or positive assessment; it simply reflects that the organization hasn't been evaluated under Charity Navigator's methods, which focus on registered nonprofits.

Historically, Charity Navigator ratings emphasized Accountability and Finance. However, Riverland Energy Cooperative didn't fit the criteria given its unique structure and classification. Consequently, detailed financial data, including revenue, expenses, and executive salaries, is not provided for this cooperative, limiting transparency assessments.

No user reviews are available from GreatNonprofits for Riverland Energy Cooperative. Therefore, there's no additional user-submitted feedback to incorporate into this summary.


This AI summary has been generated from information found on Charity Navigator.

Is Riverland Energy Cooperative legitimate?

Riverland Energy Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Riverland Energy Cooperative submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $1,221,198
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.riverlandenergy.com

What is the mission statement of Riverland Energy Cooperative?

Riverland Energy Cooperative is a utility company dedicated to supplying electricity to its members. Based in Wisconsin, the cooperative's primary mission is to ensure a consistent power source for its clientele. The cooperative goes beyond just providing electricity, as it functions as a public utility, catering to the energy needs of its community. Its commitment to its members extends beyond electricity, as it strives to improve the overall energy landscape and contribute positively to the community it serves. The cooperative's goal is to ensure a reliable and sustainable energy solution for all its members. With a focus on customer satisfaction and community well-being, Riverland Energy Cooperative continues to make strides in the energy sector.


Official website here: www.riverlandenergy.com

Who is the CEO of Riverland Energy Cooperative?

Timothy Holtan is the Board President of Riverland Energy Cooperative.


Official website here: www.riverlandenergy.com

What is the revenue of Riverland Energy Cooperative?

Riverland Energy Cooperative's revenue in 2022 was $42,632,803.


Official website here: www.riverlandenergy.com

Who are the executives of Riverland Energy Cooperative and what are their salaries?

The average compensation at Riverland Energy Cooperative during 2022 was $23,945. There are 51 employees at Riverland Energy Cooperative.


Here are 16 key members and their salaries:


David Paudler (Board President)
  • Compensation: $15,175
  • Related: $0
  • Other: $0
Filla Dan (Board Vice President)
  • Compensation: $8,825
  • Related: $0
  • Other: $0
Dennis Frame (Board Secretarytreas)
  • Compensation: $15,050
  • Related: $0
  • Other: $0
Bernadine Zingsheim (Director)
  • Compensation: $11,850
  • Related: $0
  • Other: $0
Gary Dvoracek (Director)
  • Compensation: $11,000
  • Related: $0
  • Other: $0
Cletus Foegen (Director)
  • Compensation: $11,200
  • Related: $0
  • Other: $0
Bryce Lisowski (Director)
  • Compensation: $9,600
  • Related: $0
  • Other: $0
David Anderson (Director)
  • Compensation: $9,075
  • Related: $0
  • Other: $0
Fran Fedie (Director)
  • Compensation: $10,575
  • Related: $0
  • Other: $0
Jerald Sorenson (General Manager)
  • Compensation: $239,189
  • Related: $0
  • Other: $0
Timothy Holtan (Operations Manager)
  • Compensation: $142,799
  • Related: $0
  • Other: $83,123
Mark Schamaun (Lineman)
  • Compensation: $121,575
  • Related: $0
  • Other: $0
Tyler Vitse (Lineman)
  • Compensation: $129,188
  • Related: $0
  • Other: $17,987
Dillon Marten (Lineman)
  • Compensation: $129,188
  • Related: $0
  • Other: $17,723
Marc Mades (Lineman)
  • Compensation: $123,478
  • Related: $0
  • Other: $13,452
Brett Palmer (Lineman)
  • Compensation: $122,788
  • Related: $0
  • Other: $19,224


Official website here: www.riverlandenergy.com

Where can I find the form 990 for Riverland Energy Cooperative?

Riverland Energy Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.riverlandenergy.com

Learn more at the official website: www.riverlandenergy.com

Mission Statement of Riverland Energy Cooperative

Riverland Energy Cooperative, a public utility based in Wisconsin, is dedicated to delivering electricity to its members. With a mission to power homes and businesses, Riverland Energy Cooperative goes above and beyond to ensure a reliable energy source for its community.

The cooperative plays a vital role in providing essential electricity to its members, making their daily lives more comfortable and efficient. By harnessing the power of electricity, Riverland Energy Cooperative contributes significantly to the well-being and progress of the communities it serves.

Riverland Energy Cooperative is not just a power supplier, but also a committed partner to its members. It strives to maintain a strong connection with its community, ensuring their energy needs are met with care and dedication. Through its reliable and consistent electricity services, Riverland Energy Cooperative helps its members thrive in their personal and professional lives.

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Impact




October, 2024

Riverland Energy Cooperative significantly impacts its community by providing reliable electricity to its members in Arcadia, WI. As a public utility, it ensures that residents have consistent access to essential energy services, which is vital for both daily living and economic activities. This access to electricity not only enhances the quality of life for individuals but also supports local businesses and fosters community growth. Through its dedication to serving its members, Riverland Energy Cooperative plays a crucial role in promoting energy accessibility and stability in the region.




This information is meant to be a general summary of Riverland Energy Cooperative. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$42,632,803 (2022)
Expenses
$42,622,372 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,437,412
  • Program Service Revenue: $41,162,988
  • Gross Receipts: $42,632,803

Assets and Liabilities:

  • Total Assets: $125,319,295
  • Total Liabilities: $73,955,521
  • Net Assets: $51,363,774

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Program Service Rev

Revenue

$41,162,988

Organization Details

Founding Year

1937

Principal Officer

Timothy Holtan

Main Address

PO Box 277, Arcadia, WI, 54612

NTEE Category

Code: W80 - Public benefit

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