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RURAL ELECTRIC COOPERATIVE THAT PROVIDES ELECTRIC SERVICE TO ITS MEMBERS.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$10M
Total Contributions
$0
Total Expenses
▼$9.6M
Total Assets
$23M
Total Liabilities
▼$10.1M
Net Assets
$12.9M
Officer Compensation
→$276.1K
Other Salaries
$488.6K
Investment Income
$53.8K
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$300K
Awards Found
1
| Awarding Agency | Description | Amount | Fiscal Year | Period | Link |
|---|---|---|---|---|---|
| Department of Agriculture | RURAL ECONOMIC DEVELOPMENT GRANTS - ELECTRIC | $300K | FY2008 | May 2008 – May 2008 | Open → |
Department of Agriculture
$300K
RURAL ECONOMIC DEVELOPMENT GRANTS - ELECTRIC
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
4
Clean Audits
0
Material Weakness
Yes
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2024 | Material Weakness | Unmodified (Clean) | $1.4M | No | 2025-06-17 |
| 2023 | Material Weakness | Unmodified (Clean) | $1.3M | No | 2024-09-25 |
| 2017 | Minor Findings | Unmodified (Clean) | $3.1M | No | 2018-03-27 |
| 2016 | Minor Findings | Unmodified (Clean) | $3.5M | No | 2017-03-27 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.5M
Tax Year 2024 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Not confirmed
No additional tax-exempt status records found in ReconForce's database.
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $10M | $0 | $9.6M | $23M | $12.9M |
| 2023 | $8.9M | $0 | $8.5M | $21.7M | $12.3M |
| 2022 | $7M | $0 | $6.7M | $19.1M | $11.8M |
| 2021 | $7.1M | $0 | $6.9M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
| Total |
|---|
| Jeff Tennapel | Executive Vp/general Manager | 40 | $164.1K | $0 | $98.1K | $262.2K |
| Terrence Clark | President | 3.6 | $7,725 | $0 | $0 | $7,725 |
| Dean Haspels | Secretary/treasurer | 3.1 | $6,650 | $0 | $0 | $6,650 |
| Derek Ackerman | Vice President | 2.4 | $4,775 | $0 | $0 | $4,775 |
Jeff Tennapel
Executive Vp/general Manager
$262.2K
Hrs/Wk
40
Compensation
$164.1K
Related Orgs
$0
Other
$98.1K
Terrence Clark
President
$7,725
Hrs/Wk
3.6
Compensation
$7,725
Related Orgs
$0
Other
$0
Dean Haspels
Secretary/treasurer
$6,650
Hrs/Wk
3.1
Compensation
$6,650
Related Orgs
$0
Other
$0
Derek Ackerman
Vice President
$4,775
Hrs/Wk
2.4
Compensation
$4,775
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Tommy Storey Jr | Line Foreman | 40 | $117.3K | $0 | $58.8K | $176.1K |
| Lance Groen | Crew Leader | 40 | $110K | $0 | $38K | $148K |
| Robert Louis | Journeyman Lineman | 40 | $104.4K | $0 | $29.4K | $133.8K |
Tommy Storey Jr
Line Foreman
$176.1K
Hrs/Wk
40
Compensation
$117.3K
Related Orgs
$0
Other
$58.8K
Lance Groen
Crew Leader
$148K
Hrs/Wk
40
Compensation
$110K
Related Orgs
$0
Other
$38K
Robert Louis
Journeyman Lineman
$133.8K
Hrs/Wk
40
Compensation
$104.4K
Related Orgs
$0
Other
$29.4K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Adam Hoekstra | Director | 3 | $5,300 | $0 | $0 | $5,300 |
| Daniel Heilman | Director | 3.2 | $6,850 | $0 | $0 | $6,850 |
| Douglas Roth | Director | 3.1 | $6,025 | $0 | $0 | $6,025 |
| Lindsay Watterson | Director (beg Mar 2024) | 3 | $5,125 | $0 | $0 | $5,125 |
| Steven Voss | Director (until Feb 2024) | 1.6 | $500 | $0 | $0 | $500 |
Adam Hoekstra
Director
$5,300
Hrs/Wk
3
Compensation
$5,300
Related Orgs
$0
Other
$0
Daniel Heilman
Director
$6,850
Hrs/Wk
3.2
Compensation
$6,850
Related Orgs
$0
Other
$0
Douglas Roth
Director
$6,025
Hrs/Wk
3.1
Compensation
$6,025
Related Orgs
$0
Other
$0
| $18.2M |
| $11.2M |
| 2020 | $6.9M | $0 | $6.7M | $18.4M | $10.8M |
| 2019 | $7.4M | $0 | $7M | $17.3M | $10.5M |
| 2018 | $7.6M | $0 | $7.2M | $16.9M | $9.7M |
| 2017 | $7.6M | $0 | $7.2M | $16.2M | $9M |
| 2016 | $7.1M | $0 | $7M | $15.8M | $8M |
| 2015 | $5.6M | $0 | $5.2M | $17.8M | $7.2M |
| 2014 | $5.9M | $0 | $5.5M | $12.4M | $6.7M |
| 2013 | $5.9M | $0 | $5.3M | $11.2M | $6.2M |
| 2012 | $5.7M | $0 | $5.1M | $10.3M | $5.6M |
| 2011 | $5.2M | $0 | $4.7M | $9.1M | $5M |
| 2021 | 990 | Data |
| 2020 | 990 | Data | PDF not yet published by IRS |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
Lindsay Watterson
Director (beg Mar 2024)
$5,125
Hrs/Wk
3
Compensation
$5,125
Related Orgs
$0
Other
$0
Steven Voss
Director (until Feb 2024)
$500
Hrs/Wk
1.6
Compensation
$500
Related Orgs
$0
Other
$0