Wabash Valley Power Association Inc

Indianapolis, IN
Tax-exempt since Dec. 1973
EIN: 35-1274565

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Type of Nonprofit

Designated as a 501(c)12 Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Revenue

$935M (2022)

Expenses

$922M (2022)

Total Assets

$1.6B (2022)

Total Liabilities

$1.32B (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Revenue

$934,723,597

Expenses

$921,887,386

Net Income

$12,836,211

Net Assets

$275,302,928

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$920,154,233	98.4%
Investment Income	$15,040,985	1.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$10,025	0.0%
Net Fundraising	$0
Sales of Assets	-$481,646
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,000,632	0.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$4,443,959	0.5%

Assets/Debt
Total Assets	$1,598,590,270
Total Liabilities	$1,323,287,342
Net Assets	$275,302,928

Club or Co-Op Income
Income From Members	$126,576,000
Income From Other Sources	-$8,643,000

Compensation

Key Employees and Officers	Compensation	Related	Other
Jeff Conrad (President And Ceo (Beg. 4/2022))	$517,216	$0	$81,061
Jay Bartlett (President And Ceo (Thru 6/22))	$511,844	$0	$25,311
Brian Fitzgerald (Exec. Vp, Eng & Op. (Thru 8/2022))	$475,757	$0	$35,829
John Cassady (Exec. Vp, Public Policy & Advocacy)	$350,723	$0	$40,969
Kathy Schembs Joyce (Vp Marketing & Comm. (Thru 12/2022))	$311,650	$0	$35,901
Matthew Moore (Exec. Vp, Power Supply)	$297,302	$0	$39,958
Curtis Taylor (Exec. Vp, Technology Services)	$295,691	$0	$35,746
Jason Marshall (Exec. Vp, Risk, Comp & Reg Affairs)	$292,265	$0	$44,893
Theresa Young (Coo (Beg. 9/2022))	$272,032	$0	$31,084
Albert Taylor (Director Of Generation)	$200,396	$0	$17,423
Kari Wetter (Manager, Portfolio & Risk)	$199,022	$0	$34,806
Richard Mullen (Director, Field Operations)	$198,282	$0	$32,669
Spencer House (Manager, System Operations)	$185,686	$0	$39,391
Joan Soller (Director, Grid Innov & Port Int)	$178,165	$0	$30,037
Dennis Burton (Vice Chairman)	$24,900	$0	$0
Philip M Hayes (Chairman)	$24,300	$0	$0
Kenneth D Denton (Executive Committeemen)	$20,700	$0	$0
Bart Nesius (Secretary Treasurer)	$19,200	$0	$0
Tina Davis (Director)	$19,200	$0	$0
Jon Rettinger (Director)	$18,300	$0	$0
Shane Rasler (Director)	$15,300	$0	$0
Noel Kendall (Director)	$15,000	$0	$0
David Janney (Director)	$13,800	$0	$0
Anthony Fleming (Director)	$12,900	$0	$0
Hal D Truax (Director)	$12,600	$0	$0
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990

Filed on Oct. 13, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$757,452,533

Expenses

$744,529,833

Net Income

$12,922,700

Net Assets

$266,302,928

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$750,306,350	99.1%
Investment Income	$7,429,711	1.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$9,710	0.0%
Net Fundraising	$0
Sales of Assets	-$293,238
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$5,725,384	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$4,327,143	0.6%

Assets/Debt
Total Assets	$1,308,025,251
Total Liabilities	$1,041,722,323
Net Assets	$266,302,928

Club or Co-Op Income
Income From Members	$160,352,000
Income From Other Sources	-$25,005,000

Compensation

Key Employees and Officers	Compensation	Related	Other
Jay Bartlett (President And Ceo)	$2,672,618	$0	$56,145
Jeff Conrad (Coo)	$313,989	$0	$77,246
Brian Fitzgerald (Exec. Vp, Eng & Operations)	$298,518	$0	$50,839
Kathy Schembs Joyce (Vp Marketing & Communications)	$295,074	$0	$56,776
Jason Marshall (Exec. Vp, Trans & Reg Affairs)	$294,502	$0	$50,385
Matthew Moore (Exec. Vp, Power Supply)	$286,360	$0	$46,843
Curtis Taylor (Exec. Vp, Technology Services)	$280,109	$0	$56,105
Theresa Young (Cfo)	$250,641	$0	$50,732
Gregory Wagoner (Former Key Employee)	$221,811	$0	$0
John Cassady Beg 4221 (Exec. Vp, Public Policy & Advocacy)	$213,785	$0	$39,317
Albert Taylor (Manager, Generation Operations)	$190,594	$0	$25,862
Richard Mullen (Director, Field Operations)	$184,759	$0	$39,236
Kari Wetter (Manager, Portfolio & Risk)	$181,890	$0	$52,825
Spencer House (Manager, System Operations)	$176,681	$0	$47,690
Joseph Garmon (Coordinator, It Policy & Cyber Security)	$163,936	$0	$49,633
Kenneth D Denton (Chairman)	$22,200	$0	$0
Dennis Burton (Secretary Treasurer)	$21,900	$0	$0
Tina Davis (Director)	$19,500	$0	$0
Philip M Hayes (Vice Chairman)	$18,900	$0	$0
Douglas H Burnworth (2 Nd Vice Chairman)	$18,000	$0	$0
Jon Rettinger (Director)	$18,000	$0	$0
Bart Nesius (Director)	$17,700	$0	$0
Wayne Gingerich (Executive Committeemen)	$17,400	$0	$0
Shane Rasler (Director)	$16,200	$0	$0
Robert Lehmann (Director)	$15,300	$0	$0
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990

Filed on Nov. 14, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$650,313,792

Expenses

$625,516,927

Net Income

$24,796,865

Net Assets

$255,830,123

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$645,516,580	99.3%
Investment Income	$5,070,781	0.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$10,196	0.0%
Net Fundraising	$0
Sales of Assets	-$283,765
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,719,180	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,644,113	0.6%

Assets/Debt
Total Assets	$1,279,835,445
Total Liabilities	$1,024,005,322
Net Assets	$255,830,123

Club or Co-Op Income
Income From Members	$185,665,000
Income From Other Sources	-$37,905,000

Compensation

Key Employees and Officers	Compensation	Related	Other
Jay Bartlett (President And Ceo)	$769,723	$0	$54,297
Gregory Wagoner (Evp, Stkhldr/Gov Aff (Thru 10/2/20))	$318,500	$0	$41,409
Lee Wilmes (Exec. Vp, Risk & Resource Port.)	$286,457	$0	$49,832
Jeff Conrad (Coo)	$284,648	$0	$57,262
Kathy Schembs Joyce (Vp Marketing & Communications)	$280,576	$0	$51,159
Brian Fitzgerald (Exec. Vp, Eng & Operations)	$280,099	$0	$51,550
Jason Marshall (Exec. Vp, Trans & Reg Affairs)	$277,440	$0	$49,524
Curtis Taylor (Exec. Vp, Technology Services)	$262,883	$0	$54,993
Theresa Young (Cfo)	$233,796	$0	$48,632
Albert Taylor (Manager, Generation Operations)	$186,785	$0	$24,567
Rick Hensley (Director, Planning & Delivery)	$176,248	$0	$39,505
Richard Mullen (Director, Field Operations)	$175,514	$0	$27,387
Kari Wetter (Manager, Portfolio & Risk)	$173,789	$0	$56,517
Spencer House (Manager, System Operations)	$171,697	$0	$44,455
Kenneth D Denton (Chairman)	$23,100	$0	$0
Shane Rasler (Director)	$17,400	$0	$0
Dennis Burton (Secretary Treasurer)	$16,200	$0	$0
Robert Lehmann (Director)	$15,600	$0	$0
Wayne Gingerich (Executive Committeemen)	$15,000	$0	$0
Philip M Hayes (Vice Chairman)	$12,900	$0	$0
Alan Schlagenhauf (Director)	$12,300	$0	$0
David Janney (Director)	$12,300	$0	$0
Robert Angus (Director)	$12,000	$0	$0
Rick Risley (Director)	$11,700	$0	$0
Bart Nesius (Director)	$11,400	$0	$0
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990

Filed on Nov. 9, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$652,241,183

Expenses

$627,103,632

Net Income

$25,137,551

Net Assets

$239,316,381

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$647,834,415	99.3%
Investment Income	$5,338,599	0.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$9,181	0.0%
Net Fundraising	$0
Sales of Assets	-$941,012
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,611,337	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,105,389	0.5%

Assets/Debt
Total Assets	$1,214,149,700
Total Liabilities	$974,833,319
Net Assets	$239,316,381

Club or Co-Op Income
Income From Members	$171,639,000
Income From Other Sources	-$26,981,000

Compensation

Key Employees and Officers	Compensation	Related	Other
Jay Bartlett (President And Ceo)	$747,671	$0	$50,766
Gregory Wagoner (Exec. Vp, Stakeholder/Gov Affairs)	$283,604	$0	$38,072
Jason Marshall (Exec. Vp, Trans & Reg Affairs)	$278,792	$0	$50,462
Brian Fitzgerald (Exec. Vp, Eng & Operations)	$273,669	$0	$53,559
Kathy Schembs Joyce (Vp Marketing & Communications)	$272,063	$0	$48,292
Lee Wilmes (Exec. Vp, Risk & Resource Port.)	$271,481	$0	$50,066
Jeff Conrad (Coo)	$268,723	$0	$57,712
Curtis Taylor (Exec. Vp, Technology Services)	$247,321	$0	$56,462
Theresa Young (Cfo)	$230,222	$0	$54,300
Matthew Dorsett (Exec. Dir, Trans & Reg Strategy)	$202,231	$0	$42,759
Spencer House (Manager, System Operations)	$181,864	$0	$45,015
Albert Taylor (Manager, Generation Operations)	$177,834	$0	$23,279
Rick Hensley (Director, Planning & Delivery)	$173,975	$0	$39,198
Kari Wetter (Manager, Portfolio & Risk)	$169,028	$0	$55,361
Kenneth D Denton (Chairman)	$27,600	$0	$0
Wayne Gingerich (Executive Committeemen)	$20,100	$0	$0
Dennis Burton (Secretary Treasurer)	$17,100	$0	$0
Robert Lehmann (Director)	$16,200	$0	$0
Robert Angus (Director)	$15,600	$0	$0
Philip M Hayes (Vice Chairman)	$13,800	$0	$0
Charles Hurst (Executive Committeemen)	$13,500	$0	$0
Jon Rettinger (Director)	$13,200	$0	$0
Shane Rasler (Director)	$12,900	$0	$0
Alan Schlagenhauf (Director)	$11,700	$0	$0
Noel Kendall (Director)	$10,800	$0	$0
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990

Filed on Oct. 14, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$661,271,025

Expenses

$634,050,670

Net Income

$27,220,355

Net Assets

$222,783,127

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$655,849,354	99.2%
Investment Income	$5,671,488	0.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$9,786	0.0%
Net Fundraising	$0
Sales of Assets	-$259,603
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,424,353	0.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$4,000,963	0.6%

Assets/Debt
Total Assets	$1,186,012,334
Total Liabilities	$963,229,207
Net Assets	$222,783,127

Club or Co-Op Income
Income From Members	$156,280,000
Income From Other Sources	-$16,894,000

Compensation

Key Employees and Officers	Compensation	Related	Other
Jay Bartlett (President And Ceo)	$713,123	$0	$51,930
Greg Wagoner (Exec Vp Stakeholdr/Gov Affairs)	$284,353	$0	$36,864
Brian Fitzgerald (Exec Vp Engineering/Operations)	$272,882	$0	$45,590
Jeff Conrad (Coo)	$272,047	$0	$53,067
Lee Wilmes (Exec Vp Risk & Resource Port.)	$262,830	$0	$46,517
Kathy Schembs Joyce (Vp Marketing/Communications)	$256,887	$0	$44,651
Jason Marshall (Exec Vp Trans/Reg Affairs)	$256,587	$0	$44,817
Curtis Taylor (Vp Technical Services)	$254,582	$0	$50,641
Theresa Young (Cfo)	$192,188	$0	$44,547
Matthew Dorsett (Exec Dir. Trans & Reg Strategy)	$184,298	$0	$39,287
Richard Mullen (Director, Planning & Delivery)	$174,127	$0	$27,204
Albert Taylor (Manager, Generation Operations)	$173,301	$0	$20,634
Kari Wetter (Manager, Portfolio & Risk)	$164,262	$0	$49,039
Spencer House (Manager, Delivery Services)	$162,138	$0	$39,523
Wayne Gingerich (Chairman)	$21,600	$0	$0
Kenneth D Denton (Vice Chairman)	$15,550	$0	$0
Robert Angus (Director)	$15,450	$0	$0
Robert Lehmann (Director)	$14,550	$0	$0
David Janney (Director)	$13,400	$0	$0
Dennis Burton (Executive Committeeman)	$13,250	$0	$0
Charles Hurst (Director)	$13,200	$0	$0
Jon Rettinger (Director)	$11,800	$0	$0
Philip M Hayes (Secretary Treasurer)	$10,650	$0	$0
Jerry L Peevler (Director)	$10,000	$0	$0
Alan Schlagenhauf (Director)	$9,400	$0	$0
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990

Filed on Oct. 10, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$708,126,389

Expenses

$689,017,283

Net Income

$19,109,106

Net Assets

$208,302,933

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$703,711,188	99.4%
Investment Income	$4,556,812	0.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$10,135	0.0%
Net Fundraising	$0
Sales of Assets	-$151,746
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,146,026	0.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,860,687	0.4%

Assets/Debt
Total Assets	$1,153,202,318
Total Liabilities	$944,899,385
Net Assets	$208,302,933

Club or Co-Op Income
Income From Members	$155,743,000
Income From Other Sources	-$28,354,000

Compensation

Key Employees and Officers	Compensation	Related	Other
Jay Bartlett (President And Ceo)	$649,743	$0	$50,880
Lee Wilmes (Exec Vp Risk & Resource Port.)	$270,221	$0	$44,749
Brian Fitzgerald (Exec Vp Engineering/Operations)	$267,123	$0	$43,080
Greg Wagoner (Exec Vp Stakeholder/Gov Affairs)	$258,492	$0	$42,247
Jeff Conrad (Coo)	$251,355	$0	$43,273
Kathy Schembs Joyce (Vp Marketing/Communications)	$240,881	$0	$44,001
Curtis Taylor (Vp Technical Services)	$233,673	$0	$47,510
Jason Marshall (Exec Vp Trans/Reg Affairs)	$210,120	$0	$26,714
Theresa Young (Vp Financial Services)	$182,983	$0	$35,231
Albert Taylor (Manager, Generation Operations)	$172,783	$0	$16,800
Rick Hensley (Director, Planning & Delivery)	$162,655	$0	$34,764
Kari Wetter (Manager, Portfolio & Risk)	$160,433	$0	$45,076
Timothy Mcgaha (Director, Information Tech.)	$158,816	$0	$34,230
Brent Reyher (Manager, Delivery Services)	$152,992	$0	$34,390
Wayne Gingerich (Chairman)	$16,750	$0	$0
Kenneth D Denton (Vice Chairman)	$12,250	$0	$0
Philip M Hayes (Secretary Treasurer)	$11,500	$0	$0
Robert Lehmann (Director)	$11,250	$0	$0
Dennis Burton (Executive Committeeman)	$10,500	$0	$0
Hal D Truax (Director)	$10,500	$0	$0
Jon Rettinger (Director)	$10,500	$0	$0
Anthony Fleming (Director)	$9,500	$0	$0
Milton D Rogers (Director)	$9,500	$0	$0
Jerry L Peevler (Director)	$9,000	$0	$0
Noel Kendall (2 Nd Vice Chairman)	$9,000	$0	$0
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990

Filed on Nov. 15, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$696,094,534

Expenses

$690,786,807

Net Income

$5,307,727

Net Assets

$197,802,933

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$708,483,627	> 100%
Investment Income	-$12,228,157
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$160,936
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,169,075	0.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,974,700	0.4%

Assets/Debt
Total Assets	$1,109,581,822
Total Liabilities	$911,778,889
Net Assets	$197,802,933

Club or Co-Op Income
Income From Members	$160,676,000
Income From Other Sources	-$42,216,000

Compensation

Key Employees and Officers	Compensation	Related	Other
Jay Bartlett (President And Ceo)	$647,751	$0	$52,719
M Keith Thompson (Vp Power Supply)	$296,805	$0	$11,797
Greg Wagoner (Exec. Vp Trans. & Develop.)	$261,694	$0	$45,860
Lee Wilmes (Exec. Vp Risk & Resource Port.)	$253,673	$0	$44,164
Jeff Conrad (Coo)	$252,916	$0	$46,531
Kathy Schembs Joyce (Vp Marketing Communications)	$242,428	$0	$44,882
Curtis Taylor (Vp Technical Services)	$232,513	$0	$45,806
Brian Fitzgerald (Exec. Vp Engineering & Operations)	$228,151	$0	$38,461
Theresa Young (Vp Financial Services)	$172,260	$0	$37,164
Albert Taylor (Manager Production Assets)	$168,545	$0	$15,596
Rick Hensley (Director Transmission Reliab.)	$153,492	$0	$23,206
S Dear Schramm Satayathum (Manager, Environmental Affairs)	$152,796	$0	$24,699
Tim Mcgaha (Director, Information Tech.)	$151,788	$0	$35,439
Kari Wetter (Manager Portfolio & Risk)	$151,578	$0	$49,276
Mike Yankauskas (Chairman)	$20,000	$0	$0
Kenneth Denton (Secretary Treasurer)	$15,000	$0	$0
Wayne Gingerich (Vice Chairman)	$13,500	$0	$0
Philip Hayes (2 Nd Vice Chairman)	$13,000	$0	$0
Robert Lehmann (Director)	$11,750	$0	$0
Jon Rettinger (Director)	$10,500	$0	$0
Noel Kendall (Executive Committeeman)	$10,500	$0	$0
Anthony Fleming (Director)	$9,250	$0	$0
Dennis Burton (Director)	$9,000	$0	$0
Michael R Connor (Executive Committeeman)	$8,500	$0	$0
Robert Angus (Director)	$8,500	$0	$0
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990

Filed on Nov. 8, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$744,969,382

Expenses

$726,857,769

Net Income

$18,111,613

Net Assets

$191,802,933

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$740,798,079	99.4%
Investment Income	$3,235,379	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$929,194	0.1%
Net Fundraising	$0
Sales of Assets	$6,730	0.0%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,798,992	0.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,458,144	0.3%

Assets/Debt
Total Assets	$1,006,781,247
Total Liabilities	$814,978,314
Net Assets	$191,802,933

Club or Co-Op Income
Income From Members	$129,611,000
Income From Other Sources	-$19,725,000

Compensation

Key Employees and Officers	Compensation	Related	Other
Rick Coons (President And Ceo (Thru 09/30/15))	$3,429,385	$0	$127,293
Greg Wagoner (Vp Business Development)	$224,544	$0	$65,318
M Keith Thompson (Vp Power Production)	$219,640	$0	$60,512
Jeff Conrad (Cfo)	$217,422	$0	$69,876
Lee Wilmes (Vp Power Supply)	$213,982	$0	$76,160
Kathy Schembs Joyce (Vp Marketing Communication Hr)	$205,831	$0	$60,124
Curtis Taylor (Vp Technical Services)	$201,970	$0	$61,680
Jay Bartlett (President And Ceo (Beg. 10/01/15))	$169,749	$0	$5,819
Albert Taylor (Manager Production Assets)	$160,538	$0	$36,722
Rick Hensley (Director Transmission Reliab.)	$148,292	$0	$20,930
Kari Wetter (Manager Portfolio & Risk)	$146,783	$0	$63,904
Theresa Young (Controller)	$146,633	$0	$56,773
Tim Mcgaha (Sr. Manager Corporate Systems)	$144,633	$0	$38,129
Mike Yankauskas (Chairman)	$18,000	$0	$36
Kenneth Denton (Secretary Treasurer)	$13,000	$0	$36
Wayne Gingerich (Vice Chairman)	$12,000	$0	$36
Jon Rettinger (Director)	$12,000	$0	$36
Philip Hayes (2 Nd Vice Chairman)	$11,500	$0	$36
Michael R Conner (Executive Committeeman)	$11,000	$0	$36
Robert Lehmann (Director)	$10,750	$0	$36
Anthony Fleming (Director)	$10,500	$0	$36
Robert Angus (Director)	$10,250	$0	$36
Hal D Truax (Director)	$9,250	$0	$36
Dennis Burton (Director)	$9,250	$0	$36
Noel Kendall (Executive Committeeman)	$8,000	$0	$36
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990

Filed on Nov. 9, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$821,822,275

Expenses

$803,956,095

Net Income

$17,866,180

Net Assets

$188,802,933

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$816,984,245	99.4%
Investment Income	$3,872,244	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$968,558	0.1%
Net Fundraising	$0
Sales of Assets	-$2,772
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,592,017	0.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,218,296	0.3%

Assets/Debt
Total Assets	$900,425,675
Total Liabilities	$711,622,742
Net Assets	$188,802,933

Club or Co-Op Income
Income From Members	$122,800,000
Income From Other Sources	-$14,800,000

Compensation

Key Employees and Officers	Compensation	Related	Other
Rick Coons (Ceo)	$623,533	$0	$129,361
Greg Wagoner (Vp Transmission Ops)	$222,724	$0	$54,242
Keith Thompson (Vp Power Production)	$212,973	$0	$57,519
Jeff Conrad (Cfo)	$212,665	$0	$65,854
Lee Wilmes (Vp Power Supply)	$208,845	$0	$70,509
Kathy Joyce (Vp Member Services)	$200,206	$0	$58,008
Curtis Taylor (Vp Technical Services)	$199,799	$0	$54,451
Albert Taylor (Manager Power Production)	$154,245	$0	$34,402
Kari Wetter (Manager Portfolio & Risk)	$141,096	$0	$69,939
Theresa Young (Controller)	$141,065	$0	$54,698
Brent Reyher (Manager Delivery Services)	$136,003	$0	$45,709
Tim Mcgaha (Manager Corporate Systems & Support)	$135,346	$0	$19,548
Michael R Conner (Chairman)	$15,250	$0	$36
Robert Baker (Director)	$13,250	$0	$36
Mike Yankauskas (Vice Chairman)	$11,750	$0	$36
Wayne Gingerich (Secretary)	$11,500	$0	$36
Jon Rettinger (Exec Committeeman)	$10,000	$0	$36
Ken Denton (Director)	$10,000	$0	$36
Robert Lehmann (Exec Committeeman)	$9,750	$0	$36
Robert Angus (Director)	$9,500	$0	$36
Melvin Coonrod (Director)	$9,000	$0	$36
Phil Hayes (Director)	$9,000	$0	$36
Gerald Heitmeyer (Director)	$8,500	$0	$0
Dennis Burton (Director)	$8,250	$0	$36
Bart Nesius (Director)	$8,250	$0	$36
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990

Filed on Sept. 2, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$739,252,264

Expenses

$719,714,130

Net Income

$19,538,134

Net Assets

$170,802,932

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$735,666,919	99.5%
Investment Income	$3,083,779	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,062,021	0.1%
Net Fundraising	$0
Sales of Assets	-$560,455
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,069,394	0.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,233,236	0.4%

Assets/Debt
Total Assets	$903,909,820
Total Liabilities	$733,106,888
Net Assets	$170,802,932

Club or Co-Op Income
Income From Members	$123,393,000
Income From Other Sources	-$11,417,000

Compensation

Key Employees and Officers	Compensation	Related	Other
Rick Coons (Ceo)	$554,987	$0	$115,808
Greg Wagoner (Vp Business Development)	$200,147	$0	$40,482
Keith Thompson (Vp Power Production)	$199,701	$0	$49,970
Jeff Conrad (Cfo)	$176,750	$0	$56,635
Kathy Joyce (Vp Administration)	$171,188	$0	$50,685
Lee Wilmes (Vp Power Supply)	$170,053	$0	$58,202
Gary Stein (Manager Engineering)	$147,019	$0	$45,981
Albert Taylor (Manager Power Production)	$139,370	$0	$33,227
Theresa Young (Controller)	$133,531	$0	$45,732
Kari Wetter (Manager Portfolio And Risk)	$132,323	$0	$47,439
Brent Reyher (Manager Delivery Services)	$129,188	$0	$38,215
Jon Rettinger (Exec Committeeman)	$13,100	$0	$36
Robert Baker (Director)	$11,400	$0	$36
Michael R Conner (Chairman)	$11,150	$0	$36
Robert Angus (Director)	$11,100	$0	$36
Wayne Gingerich (Secretary)	$10,900	$0	$36
Jeff Hampshire (Director)	$9,800	$0	$36
Robert Lehmann (Exec Committeeman)	$9,650	$0	$36
Mike Yankauskas (Vice Chairman)	$9,350	$0	$36
Dennis Burton (Director)	$9,300	$0	$36
Fred Powell (Director)	$8,900	$0	$36
Elmer Stocker (Director)	$8,400	$0	$36
G Tom Taylor (Director)	$8,400	$0	$36
Hal Truax (Director)	$8,400	$0	$36
Clayton Daniel Gard Jr (Director)	$7,900	$0	$36
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990

Filed on Aug. 19, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$705,148,448

Expenses

$687,193,168

Net Income

$17,955,280

Net Assets

$150,802,932

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$700,354,483	99.3%
Investment Income	$3,741,808	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,052,157	0.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,160,885	0.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,078,218	0.4%

Assets/Debt
Total Assets	$910,692,928
Total Liabilities	$759,889,996
Net Assets	$150,802,932

Club or Co-Op Income
Income From Members	$131,790,000
Income From Other Sources	-$20,689,000

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$718,473,396

Expenses

$705,169,123

Net Income

$13,304,273

Net Assets

$133,302,943

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$718,329,288	100.0%
Investment Income	-$1,275,310
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,419,418	0.2%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,018,500	0.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,975,594	0.4%

Assets/Debt
Total Assets	$885,573,019
Total Liabilities	$752,270,076
Net Assets	$133,302,943

Club or Co-Op Income
Income From Members	$134,059,000
Income From Other Sources	-$28,598,000

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
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Updated July 11, 2024

Wabash Valley Power Association Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $935M (2022)

Expenses $922M (2022)

Total Assets $1.6B (2022)

Total Liabilities $1.32B (2022)

Tax Filings by Year

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2010

Revenue

$935M (2022)

Expenses

$922M (2022)

Total Assets

$1.6B (2022)

Total Liabilities

$1.32B (2022)

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004