Nonprofit · EIN 35-1274565
WABASH VALLEY POWER ASSOCIATION INC
Also known as WABASH VALLEY POWER ALLIANCE
Tax-exempt · INDIANAPOLIS, IN 46278
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $805,631,891 | $771,606,571 | $34,025,320 | $1,704,142,884 | $1,369,839,966 | $334,302,918 |
| December 31, 2023 | 990 | $787,663,308 | $757,738,717 | $29,924,591 | $1,562,139,754 | $1,259,336,826 | $302,802,928 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $799,500,402
- Investment income
- $6,121,107
- Net rental income
- $10,382
- Net gain from sales of assets
- -$667,148
- Other revenue
- $10,382
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $3,199,995
- Other salaries and wages
- $6,122,886
- Salaries, compensation and benefits (total)
- $12,847,509
- Professional fundraising fees
- $0
- Legal fees
- $4,137,800
- Accounting fees
- $192,633
- Occupancy
- $462,661
- Travel
- $191,529
- Depreciation
- $63,431,442
Balance sheet and other
- Total assets, start of year
- $1,562,139,754
- Total assets, end of year
- $1,704,142,884
- Total liabilities, end of year
- $1,369,839,966
- Net assets, end of year
- $334,302,918
- Land, buildings and equipment
- $1,117,451,189
- Gross receipts
- $806,299,039
- Employees
- 125
- Volunteers
- 0
- Year formed
- 1963
- State of legal domicile
- IN
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 |
|---|---|---|---|---|
| JEFF CONRAD | PRESIDENT AND CEO Officer | 40 | $777,791 | $114,263 |
| THERESA YOUNG | COO Officer | 40 | $348,232 | $34,646 |
| MATTHEW MOORE | EXEC. VP, POWER SUPPLY Key employee | 40 | $340,473 | $40,639 |
| CURTIS TAYLOR | EXEC. VP, TECHNOLOGY SERVICES Key employee | 40 | $306,700 | $34,257 |
| JEFF HUME | VP, STRAT. ELEC. & MEM. RELATIONS Key employee | 40 | $305,577 | $33,612 |
| RICHARD MULLEN | DIRECTOR, FIELD OPERATIONS Highest-paid employee | 40 | $218,355 | $35,869 |
| SPENCER HOUSE | DIRECTOR OF SYSTEM OPERATIONS Highest-paid employee | 40 | $200,242 | $40,237 |
| VICKI GARDNER | VP, MARKETING, COMM., & ADVOCACY Key employee | 40 | $201,518 | $37,824 |
| ALBERT TAYLOR | VP, GENERATION Key employee | 40 | $219,624 | $18,164 |
| JOAN SOLLER | DIRECTOR, RISK MGMT. & REG. AFFAIRS Highest-paid employee | 40 | $188,043 | $34,435 |
| CHRIS DANIELS | EXEC. DIRECTOR OF ENGINEERING Highest-paid employee | 40 | $184,633 | $37,396 |
| NISHA HARKE | SR. MGR., FINANCE & LENDER RELATIONS Highest-paid employee | 40 | $173,703 | $38,238 |
| DENNIS BURTON | DIRECTOR/CHAIRMAN Trustee or director, Officer | 6 | $33,575 | $0 |
| DOUGLAS H BURNWORTH | DIRECTOR/SECRETARY & TREASURER Trustee or director, Officer | 7 | $30,900 | $0 |
| KENNETH D DENTON | DIRECTOR Trustee or director | 6 | $26,950 | $0 |
21 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BART NESIUS | DIRECTOR/VICE CHAIRMAN Trustee or director, Officer | 4 | $25,100 |
| TINA DAVIS | DIRECTOR Trustee or director | 3 | $21,550 |
| DAVID JANNEY | DIRECTOR Trustee or director | 6 | $21,250 |
| PHILIP M HAYES | DIRECTOR Trustee or director | 3 | $19,150 |
| SHANE RASLER | DIRECTOR Trustee or director | 5 | $19,050 |
| NOEL KENDALL | DIRECTOR Trustee or director | 3 | $17,150 |
| ANTHONY FLEMING | DIRECTOR Trustee or director | 3 | $16,700 |
| FRANK KOBILSEK | DIRECTOR Trustee or director | 5 | $16,450 |
| ALAN SCHLAGENHAUF | DIRECTOR Trustee or director | 4 | $15,350 |
| LARRY JACK | DIRECTOR Trustee or director | 6 | $15,350 |
| CHARLES HUEBENER | DIRECTOR Trustee or director | 4 | $14,750 |
| RICK RISLEY | DIRECTOR Trustee or director | 3 | $14,400 |
| JON RETTINGER | DIRECTOR Trustee or director | 4 | $13,500 |
| MATT HESSION | DIRECTOR Trustee or director | 3 | $12,500 |
| JIM SAVAGE | DIRECTOR Trustee or director | 2 | $10,500 |
| JEFFREY W CLEM | DIRECTOR (BEG 1/24) Trustee or director | 2 | $10,500 |
| CLAYTON DANIEL GARD JR | DIRECTOR Trustee or director | 1 | $10,000 |
| RODNEY SCHERER | DIRECTOR Trustee or director | 2 | $8,850 |
| KEVIN COX | DIRECTOR Trustee or director | 1 | $8,550 |
| KIRK ALTER | DIRECTOR Trustee or director | 1 | $4,600 |
| MICHAEL P CONNER | DIRECTOR (THRU 1/24) Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 38 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JEFF CONRAD | PRESIDENT AND CEO Officer | 40 | $674,367 | $108,474 |
| THERESA YOUNG | COO Officer | 40 | $338,995 | $33,585 |
| JASON MARSHALL | EXEC. VP, RISK, COMP & REG AFFAIRS Key employee | 40 | $327,274 | $41,065 |
| MATTHEW MOORE | EXEC. VP, POWER SUPPLY Key employee | 40 | $316,555 | $39,138 |
| CURTIS TAYLOR | EXEC. VP, TECHNOLOGY SERVICES Key employee | 40 | $300,572 | $32,968 |
| RICHARD MULLEN | DIRECTOR, FIELD OPERATIONS Highest-paid employee | 40 | $204,791 | $30,556 |
| SPENCER HOUSE | DIRECTOR OF SYSTEM OPERATIONS Highest-paid employee | 40 | $189,146 | $34,869 |
| ALBERT TAYLOR | DIRECTOR OF GENERATION Highest-paid employee | 40 | $205,050 | $13,547 |
| JOAN SOLLER | DIRECTOR, RISK MGMT. & REG. AFFAIRS Highest-paid employee | 40 | $178,911 | $29,685 |
| CHRIS DANIELS | DIRECTOR OF ENGINEERING Highest-paid employee | 40 | $174,114 | $32,913 |
| KATHY SCHEMBS JOYCE | FORMER KEY EMPLOYEE Former | 0 | $197,854 | $0 |
| JEFF HUME | VP, STRAT. ELEC. & MEM. RELATIONS Key employee | 40 | $154,369 | $17,075 |
| DENNIS BURTON | DIRECTOR Trustee or director | 7 | $27,300 | $0 |
| DOUGLAS H BURNWORTH | DIRECTOR Trustee or director | 6 | $24,900 | $0 |
| KENNETH D DENTON | DIRECTOR Trustee or director | 7 | $22,500 | $0 |
| BART NESIUS | DIRECTOR Trustee or director | 4 | $20,100 | $0 |
| TINA DAVIS | DIRECTOR Trustee or director | 3 | $19,800 | $0 |
| PHILIP M HAYES | DIRECTOR Trustee or director | 3 | $15,600 | $0 |
| ALAN SCHLAGENHAUF | DIRECTOR Trustee or director | 4 | $15,300 | $0 |
| SHANE RASLER | DIRECTOR Trustee or director | 4 | $14,400 | $0 |
| DAVID JANNEY | DIRECTOR Trustee or director | 5 | $14,100 | $0 |
| NOEL KENDALL | DIRECTOR Trustee or director | 3 | $14,100 | $0 |
| ANTHONY FLEMING | DIRECTOR Trustee or director | 3 | $13,800 | $0 |
| FRANK KOBILSEK | DIRECTOR Trustee or director | 5 | $12,600 | $0 |
| JON RETTINGER | DIRECTOR Trustee or director | 4 | $12,000 | $0 |
| LARRY JACK | DIRECTOR Trustee or director | 5 | $12,000 | $0 |
| RICK RISLEY | DIRECTOR Trustee or director | 3 | $12,000 | $0 |
| MICHAEL P CONNER | DIRECTOR Trustee or director | 2 | $11,100 | $0 |
| ROBERT LEHMANN | DIRECTOR (THRU 10/2023) Trustee or director | 1 | $9,300 | $0 |
| RODNEY SCHERER | DIRECTOR Trustee or director | 4 | $9,000 | $0 |
| KEVIN COX | DIRECTOR (BEG. 05/2023) Trustee or director | 2 | $8,400 | $0 |
| CLAYTON DANIEL GARD JR | DIRECTOR Trustee or director | 1 | $6,600 | $0 |
| KIRK ALTER | DIRECTOR Trustee or director | 2 | $6,000 | $0 |
| MATT HESSION | DIRECTOR (BEG. 05/2023) Trustee or director | 1 | $6,000 | $0 |
| JIM SAVAGE | DIRECTOR Trustee or director | 1 | $5,100 | $0 |
| HAL D TRUAX | DIRECTOR (THRU 04/2023) Trustee or director | 1 | $2,400 | $0 |
| DOUG BROWN | DIRECTOR (THRU 04/2023) Trustee or director | 1 | $1,500 | $0 |
| CHARLES HUEBENER | DIRECTOR (BEG. 11/2023) Trustee or director | 1 | $1,200 | $0 |
Address and contacts
- Address (IRS master file)
- 6702 INTECH BLVD, INDIANAPOLIS, IN 46278-2008
- In care of
- % JEFF CONRAD
- Principal officer (990 for 2024)
- JEFFREY A CONRAD, 6702 INTECH BLVD, INDIANAPOLIS, IN 46278
- Signed the 990
- THERESA YOUNG, COO
- Phone
- (317) 481-2800
- Website
- WWW.WVPA.COM
- Return prepared by
- DELOITTE TAX LLP
Mission
WABASH VALLEY POWER ASSOCIATION, INC. IS AN ELECTRIC GENERATION AND TRANSMISSION COOPERATIVE WHICH EXISTS TO MEET THE COLLECTIVE NEEDS OF OUR MEMBER-OWNERS AND PROVIDE RELIABLE, STABLE, AND RESPONSIBLE ENERGY SOLUTIONS.
Program accomplishments
- THE EXEMPT PURPOSE OF WABASH VALLEY POWER ASSOCIATION, INC. IS TO PROVIDE ELECTRICITY TO ITS MEMBERS.
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
- 35-1274565
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1973
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,704,142,884
- Income (IRS master file)
- $806,299,039
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $805,631,891 | $771,606,571 | $1,704,142,884 | XML |
| 990 | December 2023 | $787,663,308 | $757,738,717 | $1,562,139,754 | XML |
| 990 | December 2022 | $934,723,597 | $921,887,386 | $1,598,590,270 | 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 35-1274565).
Questions about WABASH VALLEY POWER ASSOCIATION INC
- What is the EIN of WABASH VALLEY POWER ASSOCIATION INC?
- The employer identification number (EIN) of WABASH VALLEY POWER ASSOCIATION INC is 35-1274565.
- Is WABASH VALLEY POWER ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1973.
- Are donations to WABASH VALLEY POWER ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does WABASH VALLEY POWER ASSOCIATION 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 WABASH VALLEY POWER ASSOCIATION 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 WABASH VALLEY POWER ASSOCIATION 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 WABASH VALLEY POWER ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 names JEFFREY A CONRAD.
- Who are the officers and directors of WABASH VALLEY POWER ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 lists 36 people; 35 received compensation from the organization, the highest $777,791 (JEFF CONRAD, PRESIDENT AND CEO).
- How much revenue does WABASH VALLEY POWER ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $805,631,891, expenses of $771,606,571 and total assets of $1,704,142,884 at year end.
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