Nonprofit · EIN 42-0381704
LINN COUNTY RURAL ELECTRIC COOPERATIVE ASSOCIATION
Tax-exempt · MARION, IA 52302
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $75,193,668 | $70,599,232 | $4,594,436 | $235,054,249 | $129,235,484 | $105,818,765 |
| December 31, 2024 | 990 | $70,645,418 | $65,500,552 | $5,144,866 | $222,870,019 | $125,219,178 | $97,650,841 |
| December 31, 2023 | 990 | $69,410,092 | $61,277,199 | $8,132,893 | $208,132,445 | $118,190,640 | $89,941,805 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $71,264,624
- Investment income
- $235,489
- Net gain from sales of assets
- $9,099
- Net income from sales of inventory
- $195,654
- Other revenue
- $3,693,555
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $4,000,000
- Compensation of officers, directors and key employees
- $754,014
- Salaries, compensation and benefits (total)
- $754,014
- Professional fundraising fees
- $0
- Depreciation
- $6,112,156
Balance sheet and other
- Total assets, start of year
- $222,870,019
- Total assets, end of year
- $235,054,249
- Total liabilities, end of year
- $129,235,484
- Net assets, end of year
- $105,818,765
- Land, buildings and equipment
- $173,286,405
- Gross receipts
- $76,085,379
- Employees
- 81
- Volunteers
- 0
- Year formed
- 1938
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TERRY SULLIVAN | GM/CEO Officer | 40 | $291,688 | $95,848 |
| KEVIN STUCKER | ENGINEERING MANAGER Highest-paid employee | 40 | $181,438 | $60,249 |
| ROBIN POSPISIL | HR MANAGER Highest-paid employee | 40 | $148,921 | $59,722 |
| JENNIFER FEDDERSEN | CONTROLLER Officer | 40 | $151,485 | $55,826 |
| NICHOLAS HOLUB | SUB FOREMAN Highest-paid employee | 43.2 | $145,558 | $54,680 |
| DAN APPELHANS | LINE SUPERINTENDENT Highest-paid employee | 40 | $142,211 | $51,486 |
| NABIN KANDEL | PRINCIPAL ENGINEER Highest-paid employee | 40 | $150,330 | $32,530 |
| KEVIN LUKE | CFO Officer | 40 | $39,015 | $5,052 |
| GARY SCHROPP | PRESIDENT Trustee or director, Officer | 7.74 | $29,340 | $0 |
| RON O'NEIL | ASST SECRETARY Trustee or director, Officer | 4.56 | $20,460 | $0 |
| GARY SCHLOTTERBACK | SECRETARY Trustee or director, Officer | 3.2 | $16,120 | $0 |
| LISA ROSE | TREASURER Trustee or director, Officer | 2.5 | $14,980 | $0 |
| JEANNA SAGER | DIRECTOR Trustee or director | 3.03 | $13,960 | $0 |
| KENNETH SQUIRES | VICE PRESIDENT Trustee or director, Officer | 2.53 | $12,600 | $0 |
| KIRK HILAND | DIRECTOR Trustee or director | 1.67 | $7,640 | $0 |
990 for the year ended December 31, 2024: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TERRY SULLIVAN | GM/CEO Officer | 40 | $278,279 | $112,962 |
| KEVIN STUCKER | ENGINEERING MANAGER Highest-paid employee | 40 | $174,663 | $65,455 |
| NICHOLAS HOLUB | LINEMAN Highest-paid employee | 40 | $157,292 | $66,746 |
| ROBIN POSPISIL | HR MANAGER Highest-paid employee | 40 | $142,134 | $67,088 |
| NABIN KANDEL | PRINCIPAL ENGINEER Highest-paid employee | 40 | $141,420 | $55,215 |
| JENNIFER FEDDERSEN | CONTROLLER Officer | 40 | $139,430 | $53,330 |
| DAN APPELHANS | LINE SUPERINTENDENT Highest-paid employee | 40 | $139,261 | $51,720 |
| GARY SCHLOTTERBACK | SECRETARY Trustee or director, Officer | 6.7 | $30,000 | $0 |
| GARY SCHROPP | PRESIDENT Trustee or director, Officer | 3.93 | $27,100 | $0 |
| RON O'NEIL | ASST SECRETARY Trustee or director, Officer | 5.97 | $21,600 | $0 |
| KENNETH SQUIRES | VICE PRESIDENT Trustee or director, Officer | 3.85 | $15,525 | $0 |
| JEANNA SAGER | DIRECTOR Trustee or director | 2.56 | $12,000 | $0 |
| LISA ROSE | TREASURER Trustee or director, Officer | 2.39 | $9,950 | $0 |
| KIRK HILAND | DIRECTOR Trustee or director | 2.71 | $9,000 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TERRY SULLIVAN | GM/CEO Officer | 40 | $268,033 | $101,734 |
| KEVIN STUCKER | TECHNOLOGY MANAGER Highest-paid employee | 40 | $166,441 | $57,997 |
| JENNIFER FEDDERSEN | CFO Officer | 40 | $135,785 | $61,885 |
| NICHOLAS HOLUB | LINEMAN Highest-paid employee | 40 | $137,384 | $49,811 |
| DAN APPELHANS | LINE SUPERINTENDENT Highest-paid employee | 40 | $135,206 | $40,316 |
| TODD VAN ERSVELDE | LINEMAN Highest-paid employee | 40 | $128,503 | $45,547 |
| NABIN KANDEL | ELECTRICAL ENGINEER Highest-paid employee | 40 | $138,915 | $34,433 |
| GARY SCHROPP | PRESIDENT Trustee or director, Officer | 3.93 | $29,640 | $0 |
| RONALD O'NEIL | VICE PRESIDENT Trustee or director, Officer | 5.97 | $21,600 | $0 |
| KENNETH SQUIRES | ASSISTANT SECRETARY Trustee or director, Officer | 3.85 | $16,800 | $0 |
| LISA ROSE | TREASURER Trustee or director, Officer | 2.39 | $12,600 | $0 |
| KIRK HILAND | DIRECTOR Trustee or director | 2.71 | $9,600 | $0 |
| JEANNA SAGER | SECRETARY Trustee or director, Officer | 2.56 | $9,000 | $0 |
| ROGER KRUG | DIRECTOR Trustee or director | 2.62 | $6,660 | $0 |
| GARY SCHLOTTERBACK | DIRECTOR Trustee or director | 2.38 | $4,800 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 69, MARION, IA 52302-0069
- Principal officer (990 for 2025)
- TERRY SULLIVAN, PO BOX 69, MARION, IA 523020069
- Signed the 990
- TERRY SULLIVAN, GENERAL MANAGER/CEO
- Phone
- (319) 377-1587
- Website
- WWW.CORRIDORENERGY.COOP
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
PROVIDING ELECTRICAL SERVICE TO THE MEMBERS OF THE COOPERATIVE.
Program accomplishments
- COOPERATIVE PURCHASED POWER FROM CENTRAL IOWA POWER COOPERATIVE IN 2025 FOR $38,545,986 FOR DISTRIBUTION TO COOPERATIVE MEMBERS.
- COOPERATIVE DISTRIBUTED PURCHASED POWER TO MEMBERS OVER 2,538 MILES OF DISTRIBUTION LINE.
- THE COOPERATIVE BILLED 35,086 SERVICES ON A MONTHLY BASIS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 42-0381704
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1939
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $235,054,249
- Income (IRS master file)
- $76,085,379
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $75,193,668 | $70,599,232 | $235,054,249 | XML |
| 990 | December 2024 | $70,645,418 | $65,500,552 | $222,870,019 | XML |
| 990 | December 2023 | $69,410,092 | $61,277,199 | $208,132,445 | XML |
| 990 | December 2022 | $63,258,366 | $59,830,655 | $192,250,615 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-0381704).
Questions about LINN COUNTY RURAL ELECTRIC COOPERATIVE ASSOCIATION
- What is the EIN of LINN COUNTY RURAL ELECTRIC COOPERATIVE ASSOCIATION?
- The employer identification number (EIN) of LINN COUNTY RURAL ELECTRIC COOPERATIVE ASSOCIATION is 42-0381704.
- Is LINN COUNTY RURAL ELECTRIC COOPERATIVE ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1939.
- Are donations to LINN COUNTY RURAL ELECTRIC COOPERATIVE ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LINN COUNTY RURAL ELECTRIC COOPERATIVE ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LINN COUNTY RURAL ELECTRIC COOPERATIVE ASSOCIATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LINN COUNTY RURAL ELECTRIC COOPERATIVE ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of LINN COUNTY RURAL ELECTRIC COOPERATIVE ASSOCIATION?
- The 990 for the year ended December 31, 2025 names TERRY SULLIVAN.
- Who are the officers and directors of LINN COUNTY RURAL ELECTRIC COOPERATIVE ASSOCIATION?
- The 990 for the year ended December 31, 2025 lists 15 people; 15 received compensation from the organization, the highest $291,688 (TERRY SULLIVAN, GM/CEO).
- How much revenue does LINN COUNTY RURAL ELECTRIC COOPERATIVE ASSOCIATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $75,193,668, expenses of $70,599,232 and total assets of $235,054,249 at year end.
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