Riverland Energy Cooperative

Organization Overview

Riverland Energy Cooperative is located in Arcadia, WI. The organization was established in 1937. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Riverland Energy Cooperative employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverland Energy Cooperative is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.

For the year ending 12/2021, Riverland Energy Cooperative generated $40.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $39.9m during the year ending 12/2021. While expenses have increased by 1.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE MEMBERS WITH ELECTRICITY

Describe the Organization's Program Activity:

Part 3 - Line 4a

ELECTRIC DISTRIBUTION


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Jerald Sorenson
General Manager
$206,538
Timothy Holtan
Operations Manager
$127,970
Brandon Lee
Lineman
$120,500
Pete Boos
Lineman
$120,192
Todd Hong
Lineman
$115,884
Mark Schamaun
Lineman
$114,530

Outside Vendors & Contractors

Vendor Name (Service)Compensation
A-1 Power
Underground Contractor
$588,324
Tjader & Highstrom Utility
Overhead Contractor
$323,003
Kohnen Underground Utiliti
Cable Locates
$177,411
Zielie's Tree Service
Right Of Way Clearing
$719,627
Karcz Utility Service
Poleunderground Inspectio
$292,402
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$38,414,404
Investment income $1,501,155
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $30,084
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $12,433
Miscellaneous Revenue$0
Total Revenue $39,958,076

Create an account to unlock the data you need.

or