Nonprofit · EIN 42-0389015
LYON RURAL ELECTRIC COOPERATIVE
Tax-exempt · ROCK RAPIDS, IA 51246
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $15,120,752 | $15,122,420 | -$1,668 | $35,384,704 | $20,224,477 | $15,160,227 |
| December 31, 2024 | 990 | $13,885,988 | $13,882,794 | $3,194 | $34,294,049 | $19,883,552 | $14,410,497 |
| December 31, 2023 | 990 | $13,722,970 | $13,722,970 | $0 | $32,909,023 | $19,066,348 | $13,842,675 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $14,708,348
- Investment income
- $79,602
- Net rental income
- $2,851
- Net gain from sales of assets
- $10,000
- Net income from sales of inventory
- -$4,595
- Other revenue
- $332,802
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $1,113,259
- Compensation of officers, directors and key employees
- $524,396
- Salaries, compensation and benefits (total)
- $524,396
- Professional fundraising fees
- $0
- Depreciation
- $834,845
Balance sheet and other
- Total assets, start of year
- $34,294,049
- Total assets, end of year
- $35,384,704
- Total liabilities, end of year
- $20,224,477
- Net assets, end of year
- $15,160,227
- Land, buildings and equipment
- $23,299,700
- Gross unrelated business income
- $5,117
- Gross receipts
- $15,287,544
- Employees
- 12
- 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 |
|---|---|---|---|---|
| ROSS LOOMANS | GENERAL MANAGER (PART YEAR) Officer | 44.97 | $190,304 | $57,361 |
| DUSTIN TIMMERMAN | GENERAL MANAGER Officer | 42.12 | $139,274 | $63,100 |
| LARRY WIBBEN | MEMBER SERVICES DIRECTOR Highest-paid employee | 40.8 | $126,367 | $47,841 |
| BRYAN HERUM | LINE FOREMAN Highest-paid employee | 41.08 | $118,443 | $55,347 |
| PATRICK WUBBEN | LEAD LINEMAN Highest-paid employee | 41.36 | $115,330 | $53,032 |
| TANNER CHURCH | LINEMAN Highest-paid employee | 41.37 | $112,281 | $51,826 |
| ANTHONY DESMET | LINEMAN Highest-paid employee | 41 | $111,697 | $46,002 |
| RODNEY MOGLER | TREASURER Trustee or director, Officer | 4.48 | $10,300 | $6 |
| DAVID GRIESSE | DIRECTOR Trustee or director | 3.63 | $10,000 | $6 |
| DAVID HUFF | PRESIDENT Trustee or director, Officer | 4.18 | $9,303 | $6 |
| DAVID DE BOER | SECRETARY Trustee or director, Officer | 3.35 | $8,850 | $6 |
| DAMON PEDERSEN | DIRECTOR Trustee or director | 2.31 | $8,200 | $6 |
| ALLEN POPPENS | DIRECTOR Trustee or director | 3.49 | $7,900 | $6 |
| JESSEE ROEMEN | DIRECTOR Trustee or director | 1.89 | $6,950 | $6 |
| NOLAN KOOIKER | VICE PRESIDENT Trustee or director, Officer | 3.07 | $6,700 | $6 |
1 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JERRY MULDER | DIRECTOR Trustee or director | 1.52 | $6,100 | $6 |
990 for the year ended December 31, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROSS LOOMANS | GENERAL MANAGER Officer | 42.16 | $166,663 | $62,333 |
| DUSTIN TIMMERMAN | LINE FOREMAN Highest-paid employee | 42.49 | $132,494 | $61,301 |
| LARRY WIBBEN | MEMBER SERVICES DIRECTOR Highest-paid employee | 41.31 | $116,902 | $51,831 |
| BRYAN HERUM | LEAD LINEMAN Highest-paid employee | 40.61 | $110,172 | $52,735 |
| PATRICK WUBBEN | LINEMAN Highest-paid employee | 41.59 | $109,402 | $49,623 |
| TANNER CHURCH | LINEMAN Highest-paid employee | 41.27 | $102,532 | $48,178 |
| DAVID GRIESSE | DIRECTOR Trustee or director | 3.67 | $6,550 | $8 |
| DAVID DE BOER | SECRETARY Trustee or director, Officer | 3.07 | $6,250 | $8 |
| DAVID HUFF | PRESIDENT Trustee or director, Officer | 4.5 | $6,050 | $8 |
| ALLEN POPPENS | DIRECTOR Trustee or director | 3.58 | $5,800 | $16 |
| DAMON PEDERSEN | DIRECTOR Trustee or director | 2.3 | $5,250 | $8 |
| JESSEE ROEMEN | DIRECTOR Trustee or director | 2.47 | $5,250 | $8 |
| NOLAN KOOIKER | VICE PRESIDENT Trustee or director, Officer | 3.1 | $5,050 | $8 |
| RODNEY MOGLER | TREASURER Trustee or director, Officer | 2.16 | $4,800 | $8 |
| JERRY MULDER | DIRECTOR Trustee or director | 1.17 | $3,550 | $10 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROSS LOOMANS | GENERAL MANAGER Officer | 42.07 | $160,314 | $57,014 |
| DUSTIN TIMMERMAN | LINE FOREMAN Highest-paid employee | 41.35 | $126,122 | $54,114 |
| LARRY WIBBEN | MEMBER SERVICES DIRECTOR Highest-paid employee | 40.58 | $112,508 | $46,988 |
| BRYAN HERUM | LEAD LINEMAN Highest-paid employee | 41.63 | $110,823 | $48,497 |
| PATRICK WUBBEN | LINEMAN Highest-paid employee | 41.2 | $106,222 | $48,188 |
| DAVID DE BOER | SECRETARY Trustee or director, Officer | 5.31 | $9,850 | $5 |
| DAMON PEDERSEN | DIRECTOR Trustee or director | 3.27 | $7,350 | $5 |
| DAVID HUFF | PRESIDENT Trustee or director, Officer | 4.17 | $6,350 | $5 |
| ALLEN POPPENS | DIRECTOR Trustee or director | 4.33 | $6,350 | $2 |
| JESSE ROEMEN | DIRECTOR Trustee or director | 2.75 | $5,850 | $5 |
| DAVID GRIESSE | DIRECTOR Trustee or director | 2.36 | $5,550 | $5 |
| RODNEY MOGLER | TREASURER Trustee or director, Officer | 2.51 | $5,100 | $5 |
| NOLAN KOOIKER | VICE PRESIDENT Trustee or director, Officer | 2.81 | $4,850 | $5 |
| JEREMY MULDER | DIRECTOR Trustee or director | 1.98 | $3,700 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 629, ROCK RAPIDS, IA 51246-0629
- Principal officer (990 for 2025)
- DAVID HUFF, 116 SOUTH MARSHALL PO BOX 629, ROCK RAPIDS, IA 51246
- Signed the 990
- DAVID HUFF, PRESIDENT
- Phone
- (712) 472-2506
- Website
- WWW.LYONREC.COOP
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
THE PRIMARY OBJECTIVE OF LYON RURAL ELECTRIC COOPERATIVE IS TO PROVIDE THE HIGHEST QUALITY SERVICES POSSIBLE TO OUR MEMBER-CONSUMER AT THE LOWEST COST CONSISTENT WITH SOUND BUSINESS PRACTICES. SERVICES PROVIDED TO OUR MEMBER-CONSUMERS WILL BE EVALUATED AT AN ONGOING BASIS TO MEET THE CHANGING NEEDS OF OUR MEMBERSHIP WHILE BENEFITING THE LONG-RANGE OBJECTIVES OF THE COOPERATIVE.
Program accomplishments
- PROVIDING RELIABLE AND AFFORDABLE ELECTRICAL SERVICE TO OUR MEMBER-CONSUMERS. THROUGH OUR LONG TERM PLANNING AND REINVESTMENT IN THE ELECTRICAL PLANT OUR MEMBERS ENJOYED A 99.99 % OF CONTINUOUS SERVICE IN 2025. LYON RURAL ELECTRIC COOPERATIVE RESIDENTIAL MEMBERS ENJOYED A RATE THAT RANKED IN THE LOWEST 10% PER KWH OF COOPERATIVES IN THE NATION, SMALL COMMERCIAL MEMBERS ENJOYED A RATE THAT RANKED IN THE LOWEST 35% PER KWH OF COOPERATIVES IN THE NATION AND LARGE COMMERCIAL MEMBERS ENJOYED A RATE THAT RANKED IN THE LOWEST 55% PER KWH OF COOPERATIVES IN THE NATION IN 2025, THE LATEST REPORTING PERIOD WITH COMPARABLE DATA.
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
- 42-0389015
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1940
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $35,384,704
- Income (IRS master file)
- $15,287,544
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $15,120,752 | $15,122,420 | $35,384,704 | XML |
| 990 | December 2024 | $13,885,988 | $13,882,794 | $34,294,049 | XML |
| 990 | December 2023 | $13,722,970 | $13,722,970 | $32,909,023 | XML |
| 990 | December 2022 | $13,182,606 | $13,182,536 | $28,323,833 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 42-0389015).
Questions about LYON RURAL ELECTRIC COOPERATIVE
- What is the EIN of LYON RURAL ELECTRIC COOPERATIVE?
- The employer identification number (EIN) of LYON RURAL ELECTRIC COOPERATIVE is 42-0389015.
- Is LYON RURAL ELECTRIC COOPERATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1940.
- Are donations to LYON RURAL ELECTRIC COOPERATIVE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LYON RURAL ELECTRIC COOPERATIVE 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 LYON RURAL ELECTRIC COOPERATIVE 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 LYON RURAL ELECTRIC COOPERATIVE 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 LYON RURAL ELECTRIC COOPERATIVE?
- The 990 for the year ended December 31, 2025 names DAVID HUFF.
- Who are the officers and directors of LYON RURAL ELECTRIC COOPERATIVE?
- The 990 for the year ended December 31, 2025 lists 16 people; 16 received compensation from the organization, the highest $190,304 (ROSS LOOMANS, GENERAL MANAGER (PART YEAR)).
- How much revenue does LYON RURAL ELECTRIC COOPERATIVE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $15,120,752, expenses of $15,122,420 and total assets of $35,384,704 at year end.
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