Western Iowa Power Cooperative

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

EIN: 391884367 ✦ Denison, IA ✦ Designated as a 501(c)(12)

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Overview

What is Western Iowa Power Cooperative?

Western Iowa Power Cooperative is a nonprofit organization based in Denison, Iowa, with an approximate membership of 3,403 consumers. Their primary mission is to deliver safe and reliable electric services to enhance their members' quality of life. With a team of 31 employees, they provide electric service to the community, ensuring a consistent power supply for their members.


Official website here: www.wipco.com

What are the reviews and ratings of this charity?

Western Iowa Power Cooperative is not currently rated by Charity Navigator. This is primarily due to its status as a non-501(c)(3) organization, which restricts it from being evaluated under most of Charity Navigator's methodologies, such as Accountability & Finance, Impact & Measurement, and others. The lack of a rating should not be interpreted either positively or negatively.

As an independent organization or auxiliary, the Cooperative cannot be assessed under the traditional systems that apply to 501(c)(3) organizations. Thus, information on their revenue, expenses, or salaries is not available through Charity Navigator's standard channels. Their particular foundation status limits evaluation in several categories vital for a comprehensive rating.

Considering that no user reviews are available from GreatNonprofits, further insights from stakeholders or beneficiaries about the Cooperative's operations and impact are not currently accessible. This information gap limits a deeper understanding of the organizational efficiency and member satisfaction.


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

Is Western Iowa Power Cooperative legitimate?

Western Iowa Power Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Western Iowa Power 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: $345,566
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.wipco.com

What is the mission statement of Western Iowa Power Cooperative?

Western Iowa Power Cooperative's mission is centered around enhancing the quality of life for its members. By providing them with safe and reliable electric services, the cooperative goes beyond just supplying power. The organization strives to make a positive impact on the lives of approximately 3,403 consumer members. The focus on reliability ensures that members can depend on their electricity for essential daily tasks and comfort, contributing to a better overall living experience. The cooperative's dedication to safety not only keeps its members and employees secure but also instills confidence and trust. In essence, Western Iowa Power Cooperative sets out to improve the lives of its members through the delivery of dependable and safe electric services.


Official website here: www.wipco.com

Who is the CEO of Western Iowa Power Cooperative?

Marcus Rihner is the Director of Western Iowa Power Cooperative.


Official website here: www.wipco.com

What is the revenue of Western Iowa Power Cooperative?

Western Iowa Power Cooperative's revenue in 2022 was $14,883,426.


Official website here: www.wipco.com

Who are the executives of Western Iowa Power Cooperative and what are their salaries?

The average compensation at Western Iowa Power Cooperative during 2022 was $11,147. There are 31 employees at Western Iowa Power Cooperative.


Here are 14 key members and their salaries:


Craig Riesburg (Director)
  • Compensation: $4,750
  • Related: $0
  • Other: $0
David Carlson (Director)
  • Compensation: $6,000
  • Related: $0
  • Other: $0
Janet Iversen (Asst Sec/Treas;Chair From 09/22)
  • Compensation: $6,250
  • Related: $0
  • Other: $0
Leroy Hight (Treasurer)
  • Compensation: $7,500
  • Related: $0
  • Other: $0
Louis Reed (Chairman;Director From 9/22)
  • Compensation: $3,500
  • Related: $0
  • Other: $0
Mike Blum (Director)
  • Compensation: $9,000
  • Related: $0
  • Other: $0
Mike Friis (Dir;Asst Sec/Treas From 09/22)
  • Compensation: $8,000
  • Related: $0
  • Other: $0
Peter Alexander (Secretary)
  • Compensation: $6,250
  • Related: $0
  • Other: $0
Ross Wood (Director)
  • Compensation: $3,250
  • Related: $0
  • Other: $0
Todd Brus (Vice Chairman)
  • Compensation: $4,000
  • Related: $0
  • Other: $0
Justin Parks (Director Of Finance)
  • Compensation: $94,446
  • Related: $0
  • Other: $14,880
Marcus Rihner (Evp And General Manager)
  • Compensation: $136,503
  • Related: $0
  • Other: $34,820
John Akers (Operations Manager)
  • Compensation: $131,830
  • Related: $0
  • Other: $34,157
Stephanie Wiese (Asst Manager/Dir Of Member Service)
  • Compensation: $131,751
  • Related: $0
  • Other: $48,171


Official website here: www.wipco.com

Where can I find the form 990 for Western Iowa Power Cooperative?

Western Iowa Power Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.wipco.com

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

Mission Statement of Western Iowa Power Cooperative

Western Iowa Power Cooperative, with its mission, strives to elevate the quality of life for its members by ensuring they have access to safe and dependable electric services. The cooperative, dedicated to this purpose, served approximately 3,403 consumer members with electricity. By providing this essential service, Western Iowa Power Cooperative contributes significantly to the daily lives of its members, enabling them to conduct their activities with ease and convenience. The cooperative's commitment to safety and reliability not only guarantees a consistent power supply but also fosters peace of mind and a sense of security for those it serves.

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Impact




October, 2024

Western Iowa Power Cooperative plays a vital role in enhancing the quality of life for its community by delivering safe and reliable electric services. Serving approximately 3,403 member consumers in Denison, Iowa, the cooperative ensures that families and businesses have consistent access to electricity. This service is crucial for day-to-day living, supporting economic activities, and fostering growth in the region. By prioritizing the needs of its members, Western Iowa Power Cooperative significantly contributes to the well-being and development of the community.




This information is meant to be a general summary of Western Iowa Power 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
$14,883,426 (2022)
Expenses
$14,032,557 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $40,890
  • Program Service Revenue: $14,371,780
  • Gross Receipts: $15,785,470

Assets and Liabilities:

  • Total Assets: $55,996,172
  • Total Liabilities: $27,690,113
  • Net Assets: $28,306,059

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Programs

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

ELECTRIC SALES

Revenue

$14,371,780

Organization Details

Founding Year

1997

Principal Officer

Marcus Rihner

Main Address

PO BOX 428, DENISON, IA, 51442

NTEE Category

Code: W80 - Public benefit

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