Skip to content
ProPublica Donate
ProPublica Donate

Western Iowa Power Cooperative

Organization summary

Type of Nonprofit

Designated as a Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$15.3M (2023)

Expenses
$14.2M (2023)

Total Assets
$58.2M (2023)

Total Liabilities
$28.6M (2023)

Source: Form 990 tax filings from 2011 to 2023

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.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,274,054
Expenses
$14,226,542
Net Income
$1,047,512
Net Assets
$29,669,338
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,105,481
92.3%
Investment Income $45,984
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $6,524
0.0%
Net Fundraising $0
Sales of Assets $11,952
0.1%
Net Inventory Sales $160,486
1.1%
Other Revenue $943,627
6.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $398,652
2.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $58,236,839
Total Liabilities $28,567,501
Net Assets $29,669,338
Club or Co-Op Income
Income From Members $15,684,309
Income From Other Sources $327,513
Compensation
Key Employees and Officers Compensation Related Other
Marcus Rihner (Evp And General Manager) $147,532 $0 $27,271
John Akers (Operations Manager) $137,534 $0 $23,120
Stephanie Wiese (Asst Manager/Dir Of Member Services) $136,276 $0 $35,596
Justin Parks (Director Of Finance) $118,707 $0 $30,076
Janet Iversen (Chairman) $9,425 $0 $0
Mike Blum (Asst Secretary/Treasurer) $9,175 $0 $0
Leroy Hight (Treasurer End 08/2023) $7,100 $0 $0
Mike Friis (Director End 08/2023) $4,750 $0 $0
Ross Wood Director End 082023 (Vice Chair Beg 09/2023) $4,600 $0 $0
Craig Riesburg Director (End 08/2023 Treasurer Beg 09/2023) $4,125 $0 $0
Louis Reed (Director) $3,600 $0 $0
Todd Brus (Vice Chairman End 08/2023) $3,585 $0 $0
David Carlson (Director) $3,325 $0 $0
Peter Alexander (Secretary) $2,575 $0 $0
Kenneth Smith (Director Begin 09/2023) $1,925 $0 $0
Gary Volkert (Director Begin 09/2023) $1,650 $0 $0
Brian Lundell (Director Begin 09/2023) $1,100 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,883,426
Expenses
$14,032,557
Net Income
$850,869
Net Assets
$28,306,059
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,371,780
96.6%
Investment Income $40,890
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $6,539
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$8,781
Other Revenue $472,998
3.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $345,566
2.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $55,996,172
Total Liabilities $27,690,113
Net Assets $28,306,059
Club or Co-Op Income
Income From Members $15,601,852
Income From Other Sources $328,353
Compensation
Key Employees and Officers Compensation Related Other
Marcus Rihner (Evp And General Manager) $136,503 $0 $34,820
John Akers (Operations Manager) $131,830 $0 $34,157
Stephanie Wiese (Asst Manager/Dir Of Member Service) $131,751 $0 $48,171
Justin Parks (Director Of Finance) $94,446 $0 $14,880
Mike Blum (Director) $9,000 $0 $0
Mike Friis (Dir;Asst Sec/Treas From 09/22) $8,000 $0 $0
Leroy Hight (Treasurer) $7,500 $0 $0
Janet Iversen (Asst Sec/Treas;Chair From 09/22) $6,250 $0 $0
Peter Alexander (Secretary) $6,250 $0 $0
David Carlson (Director) $6,000 $0 $0
Craig Riesburg (Director) $4,750 $0 $0
Todd Brus (Vice Chairman) $4,000 $0 $0
Louis Reed (Chairman;Director From 9/22) $3,500 $0 $0
Ross Wood (Director) $3,250 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,900,193
Expenses
$13,206,130
Net Income
$694,063
Net Assets
$26,941,881
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,419,622
96.5%
Investment Income $52,784
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $6,541
0.0%
Net Fundraising $0
Sales of Assets $14,415
0.1%
Net Inventory Sales -$56,758
Other Revenue $463,589
3.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $420,981
3.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $52,005,052
Total Liabilities $25,063,171
Net Assets $26,941,881
Club or Co-Op Income
Income From Members $14,583,050
Income From Other Sources $75,514
Compensation
Key Employees and Officers Compensation Related Other
Jeffrey Bean (Executive Vp/Gm (Until Nov)) $172,259 $0 $25,337
John Akers (Operations Manager) $126,238 $0 $32,942
Stephanie Wiese (Assistant General Manager) $122,390 $0 $43,871
Marcus Rihner (Cfo/Evp Gm (Begin Nov)) $101,690 $0 $29,441
Mike Blum (Director) $8,300 $0 $0
Leroy Hight (Treasurer) $7,620 $0 $0
Mike Friis (Director) $7,040 $0 $0
Louis Reed (Chairman) $6,950 $0 $0
Janet Iversen (Assistant Secretary/Treasurer) $6,060 $0 $0
Todd Brus (Vice Chairman) $4,150 $0 $0
Peter Alexander (Secretary) $3,640 $0 $0
Gale Miller (Director (Until Aug)) $2,400 $0 $0
Ross Wood (Director (Begin Aug)) $2,000 $0 $0
Ryan Boettger (Director (Until Aug)) $1,920 $0 $0
Craig Riesburg (Director (Begin Aug)) $1,500 $0 $0
Bart Heisterkamp (Director (Until Aug)) $1,200 $0 $0
David Carlson (Director (Begin Aug)) $1,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,977,901
Expenses
$14,436,899
Net Income
$541,002
Net Assets
$25,175,936
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,748,154
91.8%
Investment Income $66,940
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $7,086
0.0%
Net Fundraising $0
Sales of Assets $24,199
0.2%
Net Inventory Sales $0
Other Revenue $1,131,522
7.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $368,335
2.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $50,386,956
Total Liabilities $25,211,020
Net Assets $25,175,936
Club or Co-Op Income
Income From Members $14,507,094
Income From Other Sources $225,157
Compensation
Key Employees and Officers Compensation Related Other
Jeffery T Bean (Executive Vp/General Manag) $159,329 $0 $50,008
John Akers (Operations Manager) $119,787 $0 $29,327
Stephanie Wiese (Director Of Member Service) $114,755 $0 $30,432
Marcus Rihner (Director Of Finance) $90,073 $0 $27,735
Mike Blum (Director) $7,200 $0 $0
Janet Iversen (Assistant Secretary Trea) $5,570 $0 $0
Leroy Hight (Treasurer) $5,330 $0 $0
Todd Brus (Vice President) $4,080 $0 $0
Gale Miller (Director) $4,080 $0 $0
Peter Alexander (Secretary) $3,360 $0 $0
Bart Heisterkamp (Director) $3,360 $0 $0
Ryan Boettger (Director) $3,360 $0 $0
Louis Reed (President) $3,170 $0 $0
Mike Friis (Director) $1,680 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,000,847
Expenses
$15,935,748
Net Income
$1,065,099
Net Assets
$24,226,635
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,421,380
84.8%
Investment Income $77,185
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $6,541
0.0%
Net Fundraising $0
Sales of Assets $5,000
0.0%
Net Inventory Sales $0
Other Revenue $2,490,741
14.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $338,354
2.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $50,099,056
Total Liabilities $25,872,421
Net Assets $24,226,635
Club or Co-Op Income
Income From Members $16,219,552
Income From Other Sources $208,171
Compensation
Key Employees and Officers Compensation Related Other
Jeffery T Bean (Executive Vp/General Manag) $154,989 $0 $48,482
John Akers (Operations Manager) $114,660 $0 $27,327
Stephanie Wiese (Director Of Member Services) $100,048 $0 $28,121
Marcus Rihner (Director Of Finance) $78,407 $0 $14,679
Peter Alexander (Secretary) $6,685 $0 $0
Mike Blum (Director) $6,474 $0 $0
Leroy Hight (Treasurer) $6,115 $0 $0
Louis Reed (President) $5,108 $0 $0
Todd Brus (Vice President) $4,550 $0 $0
Gale Miller (Director) $3,760 $0 $0
Gene Smith (Assistant Secretary Trea) $3,360 $0 $0
Ryan Boettger (Director) $3,345 $0 $0
Janet Iversen (Director) $1,200 $0 $0
Bart Heisterkamp (Director) $1,200 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,968,753
Expenses
$15,208,362
Net Income
$760,391
Net Assets
$22,300,348
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,905,303
87.1%
Investment Income $84,687
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $6,539
0.0%
Net Fundraising $0
Sales of Assets -$119,056
Net Inventory Sales $0
Other Revenue $2,091,280
13.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $227,478
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $48,196,270
Total Liabilities $25,895,922
Net Assets $22,300,348
Club or Co-Op Income
Income From Members $15,674,482
Income From Other Sources $280,712
Compensation
Key Employees and Officers Compensation Related Other
Jeffery T Bean (Executive Vp/General Manager) $151,602 $0 $46,766
Mike Blum (Director) $6,560 $0 $0
Leroy Hight (Treasurer) $5,220 $0 $0
Dennis Backhaus (Vice President) $4,210 $0 $0
Peter Alexander (Secretary) $3,250 $0 $0
Todd Brus (Director) $2,690 $0 $0
Gene Smith (Assistant Secretary Trea) $2,680 $0 $0
Louis Reed (President) $2,500 $0 $0
Gale Miller (Director) $800 $0 $0
Peggy Archer (Director) $600 $0 $0
Ryan Boettger (Director) $600 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,651,890
Expenses
$14,373,501
Net Income
$1,278,389
Net Assets
$20,650,234
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $15,189,062
97.0%
Investment Income $85,633
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $5,994
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $371,201
2.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $375,044
2.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $47,629,535
Total Liabilities $26,979,301
Net Assets $20,650,234
Club or Co-Op Income
Income From Members $14,669,836
Income From Other Sources $549,945
Compensation
Key Employees and Officers Compensation Related Other
Jeffery T Bean (Executive Vice President &) $145,233 $0 $49,396
Janet A Iversen (Assistant Manager) $108,790 $0 $32,855
Mike Blum (Director) $6,650 $0 $0
Peter Alexander (Secretary) $4,990 $0 $0
Leroy Hight (Treasurer) $4,990 $0 $0
Louis Reed (President) $3,850 $0 $0
Dennis Backhaus (Vice President) $3,850 $0 $0
Gene Smith (Assistant Secretary Trea) $3,420 $0 $0
Patricia Mccall (Director) $3,420 $0 $0
Todd Brus (Director) $3,040 $0 $0
Craig Brodersen (Director) $2,660 $0 $0
Harry Beauchamp (Director) $1,900 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,786,583
Expenses
$14,610,037
Net Income
$1,176,546
Net Assets
$18,588,105
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,420,177
91.3%
Investment Income $94,035
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $6,762
0.0%
Net Fundraising $0
Sales of Assets $1,000
0.0%
Net Inventory Sales $0
Other Revenue $1,264,609
8.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $212,756
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $1,020,311
7.0%
Assets/Debt
Total Assets $46,879,444
Total Liabilities $28,291,339
Net Assets $18,588,105
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,491,001
Expenses
$14,914,904
Net Income
$576,097
Net Assets
$17,043,521
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $15,398,010
99.4%
Investment Income $67,135
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $5,250
0.0%
Net Fundraising $0
Sales of Assets $14,500
0.1%
Net Inventory Sales $0
Other Revenue $6,106
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $211,201
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $1,119,077
7.5%
Assets/Debt
Total Assets $45,469,256
Total Liabilities $28,425,735
Net Assets $17,043,521
Club or Co-Op Income
Income From Members $14,973,754
Income From Other Sources $299,867

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,072,883
Expenses
$15,972,883
Net Income
$100,000
Net Assets
$16,029,987
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $15,908,742
99.0%
Investment Income $55,028
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $5,163
0.0%
Net Fundraising $0
Sales of Assets $103,950
0.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $215,348
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,224,413
7.7%
Assets/Debt
Total Assets $43,428,330
Total Liabilities $27,398,343
Net Assets $16,029,987
Club or Co-Op Income
Income From Members $15,294,972
Income From Other Sources $528,686

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,290,811
Expenses
$16,290,811
Net Income
$0
Net Assets
$14,973,798
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,216,905
99.5%
Investment Income $69,307
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $4,200
0.0%
Net Fundraising $0
Sales of Assets $399
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $209,231
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,165,291
7.2%
Assets/Debt
Total Assets $41,037,146
Total Liabilities $26,063,348
Net Assets $14,973,798
Club or Co-Op Income
Income From Members $15,685,968
Income From Other Sources $73,906

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,932,531
Expenses
$13,932,531
Net Income
$0
Net Assets
$13,732,115
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,697,127
98.3%
Investment Income $51,021
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $4,550
0.0%
Net Fundraising $0
Sales of Assets $179,833
1.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $206,268
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $1,084,905
7.8%
Assets/Debt
Total Assets $38,945,072
Total Liabilities $25,212,957
Net Assets $13,732,115
Club or Co-Op Income
Income From Members $13,445,910
Income From Other Sources $668,998

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,129,251
Expenses
$13,129,251
Net Income
$0
Net Assets
$13,296,674
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,826,274
97.7%
Investment Income $115,443
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $4,200
0.0%
Net Fundraising $0
Sales of Assets $183,334
1.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $193,853
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $1,189,196
9.1%
Assets/Debt
Total Assets $38,203,454
Total Liabilities $24,906,780
Net Assets $13,296,674
Club or Co-Op Income
Income From Members $12,299,402
Income From Other Sources $707,491

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

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.

API

The data powering this website is available programmatically, via an API. Read the API documentation »