Nonprofit · EIN 46-0225402
EAST RIVER ELECTRIC POWER COOPERATIVE INC
Tax-exempt · MADISON, SD 57042
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $371,444,036 | $371,444,036 | $0 | $1,017,794,449 | $716,921,585 | $300,872,864 |
| December 31, 2023 | 990 | $356,938,059 | $356,938,059 | $0 | $910,292,262 | $624,480,409 | $285,811,853 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $370,463,078
- Investment income
- $762,225
- Net rental income
- $159,604
- Net gain from sales of assets
- -$38
- Other revenue
- $218,733
Expenses
- Grants and similar amounts paid
- $64,030
- Benefits paid to members
- $23,832,058
- Compensation of officers, directors and key employees
- $1,941,891
- Other salaries and wages
- $17,454,312
- Salaries, compensation and benefits (total)
- $24,487,163
- Professional fundraising fees
- $0
- Depreciation
- $18,059,779
Balance sheet and other
- Total assets, start of year
- $910,292,262
- Total assets, end of year
- $1,017,794,449
- Total liabilities, end of year
- $716,921,585
- Net assets, end of year
- $300,872,864
- Land, buildings and equipment
- $722,402,998
- Gross receipts
- $371,444,074
- Employees
- 178
- Volunteers
- 0
- Year formed
- 1949
- State of legal domicile
- SD
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT SAHR | CEO/GENERAL MANAGER Officer | 47 | $621,455 | $212,862 |
| ELIZABETH AVERY | CHRO Highest-paid employee | 41 | $239,685 | $243,002 |
| SCOTT SHEWEY | CFO Officer | 45 | $347,711 | $89,054 |
| JEFFREY MAY | CIO Highest-paid employee | 45 | $254,877 | $142,731 |
| MARK HOFFMAN | COO Key employee | 41 | $274,854 | $91,748 |
| CHRIS STUDER | CHIEF MEMBER AND PUBLIC RELATIONS OFFICER Highest-paid employee | 47 | $243,101 | $72,098 |
| MICHAEL JASPERS | BUSINESS DEVELOPMENT DIRECTOR Highest-paid employee | 43 | $243,116 | $63,143 |
| DANIEL BROWN | GENERAL COUNSEL Highest-paid employee | 45 | $225,728 | $45,942 |
| BERT ROGNESS | TREASURER Trustee or director, Officer | 4 | $19,888 | $0 |
| DARRELL RASCHKE | DIRECTOR Trustee or director | 4 | $19,878 | $0 |
| JAMES RYKEN | PRESIDENT/DIRECTOR (BEG SEPT 2024) Trustee or director, Officer | 4 | $14,306 | $4,751 |
| DUANE WOLBRINK | VICE PRESIDENT Trustee or director, Officer | 4 | $18,719 | $0 |
| RON SAMUELSON | DIRECTOR Trustee or director | 3 | $17,734 | $0 |
| ALAN VEDVEI | PRESIDENT Trustee or director, Officer | 4 | $17,252 | $0 |
| KIRK SCHAUNAMAN | DIRECTOR Trustee or director | 3 | $54 | $16,863 |
20 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GARY BACHMAN | DIRECTOR Trustee or director | 3 | $16,581 | $0 |
| ALAN HINDERMAN | DIRECTOR Trustee or director | 3 | $16,305 | $0 |
| DAVE WARKENTHIEN | DIRECTOR Trustee or director | 3 | $54 | $16,150 |
| MICHAEL LONGTIN | DIRECTOR Trustee or director | 3 | $15,846 | $0 |
| DOUG DIEKMANN | DIRECTOR Trustee or director | 3 | $13,717 | $0 |
| RYAN NOYES | DIRECTOR Trustee or director | 2 | $13,317 | $0 |
| PAUL VOIGT | SECRETARY Trustee or director, Officer | 3 | $13,067 | $0 |
| DON SCHURDEVIN | DIRECTOR Trustee or director | 3 | $12,975 | $0 |
| KERMIT PEARSON | DIRECTOR Trustee or director | 2 | $11,827 | $0 |
| DAVID BEHRNS | DIRECTOR (BEG APR 2024) Trustee or director | 3 | $11,524 | $0 |
| JEFF HUFFORD | DIRECTOR (UNTIL AUG 2024) Trustee or director | 3 | $10,262 | $0 |
| RODNEY DEMENT | DIRECTOR (UNTIL AUG 2024) Trustee or director | 3 | $7,233 | $2,700 |
| WAYNE LEFERS | DIRECTOR (BEG JULY 2024) Trustee or director | 4 | $8,876 | $0 |
| JOHN OSTRAAT | DIRECTOR (UNTIL AUG 2024) Trustee or director | 2 | $7,432 | $0 |
| BRAD DONNAY | DIRECTOR (BEG SEPT 2024) Trustee or director | 4 | $6,637 | $0 |
| STEVE HOLMBERG | DIRECTOR (BEG SEP 2024) Trustee or director | 4 | $6,459 | $0 |
| DAVID NEUGEBAUER | DIRECTOR (UNTIL MAY 2024) Trustee or director | 2 | $4,295 | $0 |
| GARY FISH | DIRECTOR (BEG SEP 2024) Trustee or director | 3 | $3,928 | $0 |
| DARREN STRASSER | DIRECTOR (UNTIL MAR 2024) Trustee or director | 2 | $3,095 | $0 |
| TREVOR JOB | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 31 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT SAHR | CEO/GENERAL MANAGER Officer | 47 | $545,859 | $150,740 |
| SCOTT SHEWEY | CHIEF FINANCIAL OFFICER Officer | 44 | $337,928 | $74,814 |
| ELIZABETH AVERY CHIEF | HUMAN RESOURCES OFFICER Highest-paid employee | 41 | $205,086 | $167,502 |
| JEFFREY MAY | CHIEF INFORMATION OFFICER Highest-paid employee | 44 | $234,084 | $126,768 |
| MARK HOFFMAN | CHIEF OPERATIONS OFFICER Key employee | 41 | $260,959 | $85,339 |
| CHRIS STUDER CHIEF | MEMBER & PUBLIC RELATIONS Highest-paid employee | 45 | $236,360 | $65,898 |
| MICHAEL JASPERS | BUSINESS DEVELOPMENT DIRECTOR Highest-paid employee | 42 | $230,291 | $56,504 |
| DANIEL BROWN | GENERAL COUNSEL Highest-paid employee | 44 | $204,050 | $41,255 |
| DUANE WOLBRINK | SECRETARY Trustee or director, Officer | 4 | $18,932 | $0 |
| BERT ROGNESS | TREASURER Trustee or director, Officer | 3 | $18,658 | $0 |
| DARREL RASCHKE | DIRECTOR Trustee or director | 3 | $18,121 | $0 |
| ALAN HINDERMAN | DIRECTOR Trustee or director | 3 | $18,057 | $0 |
| DARREN STRASSER | DIRECTOR Trustee or director | 3 | $18,020 | $0 |
| GARY BACHMAN | DIRECTOR Trustee or director | 3 | $17,478 | $0 |
| JAMES RYKEN | PRESIDENT Trustee or director, Officer | 3 | $17,249 | $0 |
| DOUG DIEKMANN | DIRECTOR Trustee or director | 3 | $16,899 | $0 |
| JEFF HUFFORD | DIRECTOR Trustee or director | 3 | $16,581 | $0 |
| KIRK SCHAUNAMAN | DIRECTOR Trustee or director | 3 | $16,237 | $0 |
| DAVID NEUGEBAUER | DIRECTOR Trustee or director | 3 | $16,141 | $0 |
| JOHN OSTRAAT | DIRECTOR Trustee or director | 3 | $15,682 | $0 |
| RODNEY DEMENT | DIRECTOR Trustee or director | 3 | $15,107 | $0 |
| PAUL VOIGT | DIRECTOR Trustee or director | 3 | $15,049 | $0 |
| ALAN VEDVEI | VICE PRESIDENT Trustee or director, Officer | 3 | $14,704 | $0 |
| DAVE WARKENTHIEN | DIRECTOR Trustee or director | 3 | $14,492 | $0 |
| RON SAMUELSON | DIRECTOR Trustee or director | 3 | $13,832 | $0 |
| DON SCHURDEVIN | DIRECTOR Trustee or director | 3 | $13,782 | $0 |
| RYAN NOYES | DIRECTOR Trustee or director | 2 | $12,084 | $0 |
| KERMIT PEARSON | DIRECTOR Trustee or director | 2 | $10,850 | $0 |
| GALEN GRANT | DIRECTOR (END 08/2023) Trustee or director | 3 | $8,831 | $0 |
| MICHAEL LONGTIN | DIRECTOR (BEG 09/2023) Trustee or director | 4 | $5,989 | $0 |
| TREVOR JOB | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 211 S HARTH AVE, MADISON, SD 57042-2905
- Principal officer (990 for 2024)
- ROBERT SAHR, 211 S HARTH AVE, MADISON, SD 57042
- Signed the 990
- ROBERT SAHR, CEO/GENERAL MANAGER
- Phone
- (605) 256-4536
- Website
- WWW.EASTRIVER.COOP
- Return prepared by
- EIDE BAILLY LLP
Mission
EAST RIVER ELECTRIC POWER COOPERATIVE EXISTS TO ENHANCE THE VALUE OF ITS MEMBERS.
Program accomplishments
- EAST RIVER ELECTRIC POWER COOPERATIVE IS A WHOLESALE ELECTRIC POWER SUPPLY COOPERATIVE SERVING 24 RURAL ELECTRIC COOPERATIVES AND ONE MUNICIPALLY-OWNED ELECTRIC SYSTEM, WHICH IN TURN SERVES MORE THAN 93,000 HOMES AND BUSINESSES AND ABOUT 250,000 CONSUMERS. THE COOPERATIVE OPERATES AND MAINTAINS OVER 3,200 MILES OF HIGH VOLTAGE TRANSMISSION LINE AND OVER 260 SUBSTATIONS AND RELATED FACILITIES TO SERVE AN AREA OF 40,000 SQUARE MILES THAT COVERS THE RURAL AREAS OF 41 COUNTIES IN EASTERN SOUTH DAKOTA AND 22 COUNTIES IN WESTERN MINNESOTA. EAST RIVER IS ALSO A TRANSMISSION OWNER IN THE SOUTHWEST POWER POOL.
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 | Not 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
- 46-0225402
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1957
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,017,794,449
- Income (IRS master file)
- $371,444,074
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $371,444,036 | $371,444,036 | $1,017,794,449 | IRS |
| 990 | December 2023 | $356,938,059 | $356,938,059 | $910,292,262 | XML |
| 990 | December 2022 | $335,441,988 | $335,441,988 | $837,365,298 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 46-0225402).
Questions about EAST RIVER ELECTRIC POWER COOPERATIVE INC
- What is the EIN of EAST RIVER ELECTRIC POWER COOPERATIVE INC?
- The employer identification number (EIN) of EAST RIVER ELECTRIC POWER COOPERATIVE INC is 46-0225402.
- Is EAST RIVER ELECTRIC POWER COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1957.
- Are donations to EAST RIVER ELECTRIC POWER COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does EAST RIVER ELECTRIC POWER COOPERATIVE INC 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 RIVER ELECTRIC POWER COOPERATIVE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did EAST RIVER ELECTRIC POWER COOPERATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of EAST RIVER ELECTRIC POWER COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 names ROBERT SAHR.
- Who are the officers and directors of EAST RIVER ELECTRIC POWER COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 lists 35 people; 34 received compensation from the organization, the highest $621,455 (ROBERT SAHR, CEO/GENERAL MANAGER).
- How much revenue does EAST RIVER ELECTRIC POWER COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $371,444,036, expenses of $371,444,036 and total assets of $1,017,794,449 at year end.
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