Nonprofit · EIN 42-1445092
EAST-CENTRAL IOWA RURAL ELECTRIC COOPERATIVE
Tax-exempt · URBANA, IA 52345
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $28,471,810 | $26,880,022 | $1,591,788 | $96,263,125 | $49,517,812 | $46,745,313 |
| December 31, 2024 | 990 | $27,234,035 | $25,288,744 | $1,945,291 | $91,694,129 | $47,144,699 | $44,549,430 |
| December 31, 2023 | 990 | $27,019,653 | $24,583,806 | $2,435,847 | $86,999,273 | $44,836,474 | $42,162,799 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $26,973,559
- Investment income
- $225,572
- Net gain from sales of assets
- $66,525
- Net income from sales of inventory
- -$13,220
- Other revenue
- $1,272,679
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $1,275,864
- Compensation of officers, directors and key employees
- $308,107
- Other salaries and wages
- $519,367
- Salaries, compensation and benefits (total)
- $890,659
- Professional fundraising fees
- $0
- Accounting fees
- $23,160
- Depreciation
- $2,920,981
Balance sheet and other
- Total assets, start of year
- $91,694,129
- Total assets, end of year
- $96,263,125
- Total liabilities, end of year
- $49,517,812
- Net assets, end of year
- $46,745,313
- Land, buildings and equipment
- $76,698,039
- Gross unrelated business income
- -$412
- Gross receipts
- $28,511,504
- Employees
- 35
- Volunteers
- 0
- Year formed
- 1995
- 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 |
|---|---|---|---|---|
| TERESA FLOYD | CEO Officer | 40 | $195,406 | $47,986 |
| THOMAS G SCHMITT | OPERATIONS MANAGER Highest-paid employee | 40 | $132,620 | $34,611 |
| LISA M FRANCK | MANAGER OF COMMUNICATIONS Highest-paid employee | 40 | $131,663 | $35,355 |
| ADAM R ALBERTSEN | MEMBER SERVICE MANGER Highest-paid employee | 40 | $112,839 | $39,737 |
| BRAXTON P CLUBB | LINEWORKER Highest-paid employee | 40 | $113,315 | $31,169 |
| JARED J GROVER | LINEWORKER Highest-paid employee | 40 | $113,187 | $31,227 |
| STEVE RAU | PRESIDENT Trustee or director, Officer | 3.92 | $10,960 | $0 |
| JULIE KESTER | SECRETARY/TREASURER Trustee or director, Officer | 2.46 | $10,000 | $0 |
| JEFF ELLIOTT | VICE PRESIDENT Trustee or director, Officer | 2.9 | $9,575 | $0 |
| PETE BURMEISTER | ASSISTANT SECRETARY/TREASURER Trustee or director, Officer | 2.19 | $8,845 | $0 |
| GARY MCKENNA | DIRECTOR Trustee or director | 2.13 | $8,070 | $0 |
| GARY COOK | DIRECTOR Trustee or director | 1.62 | $6,520 | $0 |
| BRIAN MCNULTY | DIRECTOR Trustee or director | 1.54 | $5,760 | $0 |
| NICK DONLEA | DIRECTOR Trustee or director | 1.23 | $4,985 | $0 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TERESA FLOYD | CEO Officer | 40 | $181,565 | $54,622 |
| THOMAS SCHMITT | OPERATIONS MANAGER Highest-paid employee | 40 | $126,956 | $34,544 |
| ADAM R ALBERTSEN | MEMBER SERVICE MANGER Highest-paid employee | 40 | $106,923 | $42,198 |
| NATHAN GROOM | INFORMATION SYSTEMS MANAGER Highest-paid employee | 40 | $105,269 | $43,344 |
| JARED GROVER | LINEWORKER Highest-paid employee | 40 | $104,660 | $30,390 |
| BRAXTON CLUBB | LINEWORKER Highest-paid employee | 40 | $104,271 | $29,607 |
| GARY MCKENNA | DIRECTOR Trustee or director | 2.31 | $8,190 | $0 |
| JEFF ELLIOTT | VICE PRESIDENT Trustee or director, Officer | 2.83 | $7,820 | $0 |
| JULIE KESTER | SECRETARY/TREASURER Trustee or director, Officer | 1.98 | $7,480 | $0 |
| STEVE RAU | PRESIDENT Trustee or director, Officer | 3 | $7,430 | $0 |
| NICK DONLEA | DIRECTOR Trustee or director | 1.14 | $5,930 | $0 |
| DONALD SHONKA | DIRECTOR Trustee or director | 2.12 | $4,810 | $0 |
| GARY COOK | DIRECTOR Trustee or director | 1.19 | $4,500 | $0 |
| BRIAN MCNULTY | DIRECTOR Trustee or director | 0.92 | $4,470 | $0 |
| PETE BURMEISTER | ASSISTANT SECRETARY/TREASURER Trustee or director, Officer | 0.77 | $3,760 | $0 |
| RYAN KRESS | DIRECTOR Trustee or director | 0.54 | $1,850 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TERESA FLOYD | CEO Officer | 40 | $172,574 | $55,371 |
| THOMAS SCHMITT | OPERATIONS MANAGER Highest-paid employee | 40 | $120,569 | $34,996 |
| ADAM R ALBERTSEN | MEMBER SERVICE MANGER Highest-paid employee | 40 | $102,781 | $42,396 |
| NATHAN GROOM | INFORMATION SYSTEMS MANAGER Highest-paid employee | 40 | $101,318 | $43,458 |
| BRAXTON CLUBB | LINEWORKER Highest-paid employee | 40 | $104,446 | $31,282 |
| JARED GROVER | LINEWORKER Highest-paid employee | 40 | $102,634 | $31,503 |
| DONALD SHONKA | DIRECTOR Trustee or director | 4.67 | $10,385 | $0 |
| JEFF ELLIOTT | VICE PRESIDENT Trustee or director, Officer | 3.77 | $9,630 | $0 |
| STEVE RAU | PRESIDENT Trustee or director, Officer | 3.85 | $8,965 | $0 |
| GARY MCKENNA | ASSISTANT SECRETARY/TREASU Trustee or director, Officer | 2.31 | $8,595 | $0 |
| JULIE KESTER | DIRECTOR Trustee or director | 2.06 | $7,915 | $0 |
| RYAN KRESS | SECRETARY/TREASURER Trustee or director, Officer | 1.73 | $5,370 | $0 |
| NICK DONLEA | DIRECTOR Trustee or director | 1.15 | $5,015 | $0 |
| BRIAN MCNULTY | DIRECTOR Trustee or director | 1 | $4,660 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 248, URBANA, IA 52345-0248
- Principal officer (990 for 2025)
- TERESA FLOYD, PO BOX 248, URBANA, IA 52345
- Signed the 990
- TERESA FLOYD, CEO
- Phone
- (319) 443-4343
- Website
- WWW.ECIREC.COM
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
EAST-CENTRAL IOWA RURAL ELECTRIC COOPERATIVE PROVIDES ELECTRIC ENERGY SERVICE TO APPROXIMATELY 7,329 MEMBERS TO PARTS OF 11 COUNTIES IN EAST-CENTRAL IOWA. ITS PRIMARY MISSION IS TO PROVIDE THE BEST POSSIBLE SERVICE TO ITS MEMBERS FOR THE LOWEST POSSIBLE COST.
Program accomplishments
- PROVISION OF ELECTRICITY AND ELECTRIC SERVICES TO THE COOPERATIVE'S 7,329 MEMBERS. THIS REPRESENTS 99% OF THE TOTAL REVENUE FOR THE COOPERATIVE FOR 2025.
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
- 42-1445092
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $96,263,125
- Income (IRS master file)
- $28,511,504
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $28,471,810 | $26,880,022 | $96,263,125 | IRS |
| 990 | December 2024 | $27,234,035 | $25,288,744 | $91,694,129 | IRS |
| 990 | December 2023 | $27,019,653 | $24,583,806 | $86,999,273 | XML |
| 990 | December 2022 | $25,242,152 | $24,008,314 | $83,334,796 | 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 42-1445092).
Questions about EAST-CENTRAL IOWA RURAL ELECTRIC COOPERATIVE
- What is the EIN of EAST-CENTRAL IOWA RURAL ELECTRIC COOPERATIVE?
- The employer identification number (EIN) of EAST-CENTRAL IOWA RURAL ELECTRIC COOPERATIVE is 42-1445092.
- Is EAST-CENTRAL IOWA RURAL ELECTRIC COOPERATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1996.
- Are donations to EAST-CENTRAL IOWA RURAL ELECTRIC COOPERATIVE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does EAST-CENTRAL IOWA 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 EAST-CENTRAL IOWA 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 EAST-CENTRAL IOWA 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 EAST-CENTRAL IOWA RURAL ELECTRIC COOPERATIVE?
- The 990 for the year ended December 31, 2025 names TERESA FLOYD.
- Who are the officers and directors of EAST-CENTRAL IOWA RURAL ELECTRIC COOPERATIVE?
- The 990 for the year ended December 31, 2025 lists 14 people; 14 received compensation from the organization, the highest $195,406 (TERESA FLOYD, CEO).
- How much revenue does EAST-CENTRAL IOWA RURAL ELECTRIC COOPERATIVE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $28,471,810, expenses of $26,880,022 and total assets of $96,263,125 at year end.
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