Nonprofit · EIN 42-1404169
NORTH WEST RURAL ELECTRIC COOPERATIVE
Tax-exempt · ORANGE CITY, IA 51041
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $66,653,437 | $65,271,074 | $1,382,363 | $157,482,544 | $83,791,388 | $73,691,156 |
| December 31, 2024 | 990 | $61,491,636 | $59,778,301 | $1,713,335 | $153,360,780 | $82,960,634 | $70,400,146 |
| December 31, 2023 | 990 | $57,563,670 | $55,817,047 | $1,746,623 | $141,894,114 | $74,591,664 | $67,302,450 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $66,258,037
- Investment income
- $314,946
- Net gain from sales of assets
- $18,830
- Net income from sales of inventory
- $11,127
- Other revenue
- $80,454
Expenses
- Grants and similar amounts paid
- $53,725
- Benefits paid to members
- $3,100,000
- Compensation of officers, directors and key employees
- $690,737
- Other salaries and wages
- $3,736,358
- Salaries, compensation and benefits (total)
- $5,427,912
- Professional fundraising fees
- $0
- Depreciation
- $3,553,754
Balance sheet and other
- Total assets, start of year
- $153,360,780
- Total assets, end of year
- $157,482,544
- Total liabilities, end of year
- $83,791,388
- Net assets, end of year
- $73,691,156
- Land, buildings and equipment
- $89,719,829
- Publicly traded securities
- $43,180
- Gross unrelated business income
- -$412
- Gross receipts
- $67,016,511
- Employees
- 43
- 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 |
|---|---|---|---|---|
| LYLE D KORVER | CEO Officer | 43.9 | $310,395 | $65,961 |
| CURTIS F AHRENHOLZ | FINANCE DIRECTOR Officer | 41.3 | $152,817 | $39,839 |
| DOUGLAS J ALONS | OPERATIONS DIRECTOR Highest-paid employee | 40.2 | $143,342 | $32,521 |
| MICHAEL A BERKENPAS | OPERATIONS FIELD SUPERVISOR Highest-paid employee | 44.6 | $135,723 | $32,279 |
| DERRICK W HAAK | ASSISTANT OPERATIONS DIRECTOR Highest-paid employee | 40.2 | $132,204 | $33,933 |
| ROBERT J DRIESEN | MEMBER SERVICES DIRECTOR Highest-paid employee | 40.5 | $129,538 | $34,306 |
| ANTHONY J ROLFES | LEAD LINEMAN Highest-paid employee | 43.9 | $126,360 | $33,042 |
| SHIRLEY SCHROEDER | ASSISTANT SECRETARY/TREASURER Trustee or director, Officer | 5 | $11,570 | $0 |
| JEFF REHDER | PRESIDENT Trustee or director, Officer | 8 | $10,900 | $0 |
| STEVE ABMA | DIRECTOR Trustee or director | 5 | $9,205 | $0 |
| TOM WAGNER | TREASURER Trustee or director, Officer | 5 | $8,880 | $0 |
| STEVE BROWN | SECRETARY Trustee or director, Officer | 5 | $8,805 | $0 |
| DALE ULLRICH | VICE PRESIDENT Trustee or director, Officer | 5 | $8,675 | $0 |
| DAN HOFFMAN | DIRECTOR Trustee or director | 7 | $8,655 | $0 |
| DAVE BOSMA | DIRECTOR Trustee or director | 6 | $8,295 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAN VAN BEEK | DIRECTOR Trustee or director | 5 | $7,200 |
| SCOTT FEUERHELM | DIRECTOR Trustee or director | 5.5 | $6,980 |
| DAVID BRUGGEMAN | DIRECTOR (AS OD APR 2025) Trustee or director | 5 | $6,355 |
| DOUGLAS BECKER | DIRECTOR (UNTIL MAR 2025) Trustee or director | 5 | $1,300 |
990 for the year ended December 31, 2024: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LYLE D KORVER | CEO Officer | 44.2 | $283,217 | $49,293 |
| CURTIS F AHRENHOLZ | FINANCE DIRECTOR Officer | 41.5 | $139,634 | $30,078 |
| DOUGLAS J ALONS | OPERATIONS DIRECTOR Highest-paid employee | 40.4 | $132,996 | $29,894 |
| ROBERT J DRIESEN | MEMBER SERVICES DIRECTOR Highest-paid employee | 41.1 | $125,023 | $31,814 |
| DERRICK W HAAK | ASSISTANT OPERATIONS DIRECTOR Highest-paid employee | 40.3 | $125,019 | $28,900 |
| MICHAEL A BERKENPAS | LEAD LINEMAN Highest-paid employee | 43.3 | $118,030 | $28,075 |
| JUSTIN D NIPPERT | LEAD LINEMAN Highest-paid employee | 43.3 | $118,313 | $26,905 |
| JEFF REHDER | PRESIDENT Trustee or director, Officer | 8 | $12,670 | $0 |
| DAVE BOSMA | DIRECTOR Trustee or director | 6 | $11,190 | $0 |
| SHIRLEY SCHROEDER - DIRECTOR | (UNTIL 3/24)/ASST S/T(AS OF 4/24) Trustee or director, Officer | 5 | $10,915 | $0 |
| DAN VAN BEEK | DIRECTOR Trustee or director | 5 | $9,455 | $0 |
| DALE ULLRICH - ASST ST | (UNTIL 3/24)/VP(AS OF 4/24) Trustee or director, Officer | 5 | $9,410 | $0 |
| STEVE ABMA | DIRECTOR Trustee or director | 5 | $9,055 | $0 |
| STEVE BROWN | SECRETARY Trustee or director, Officer | 5 | $8,755 | $0 |
| TOM WAGNER | TREASURER Trustee or director, Officer | 5 | $7,580 | $0 |
| DAN HOFFMAN | DIRECTOR Trustee or director | 7 | $7,430 | $0 |
| DOUGLAS BECKER - VP UNTIL | 3/24)/DIRECTOR(AS OF 4/24) Trustee or director, Officer | 5 | $7,000 | $0 |
| SCOTT FEUERHELM | DIRECTOR Trustee or director | 5.5 | $5,880 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LYLE D KORVER | CEO Officer | 44.2 | $270,072 | $39,454 |
| DERALD E PHILIPS SAFETY LOSS | CONTROL DIRECTOR - END 10/2023 Highest-paid employee | 40 | $146,849 | $17,999 |
| CURTIS F AHRENHOLZ | FINANCE DIRECTOR Officer | 41 | $130,150 | $27,931 |
| DOUGLAS J ALONS | OPERATIONS DIRECTOR Highest-paid employee | 40 | $125,347 | $27,700 |
| ROBERT J DRIESEN | MEMBER SERVICES DIRECTOR Highest-paid employee | 41.7 | $121,363 | $29,405 |
| DERRICK W HAAK | ASSISTANT OPERATIONS DIRECTOR Highest-paid employee | 40 | $117,516 | $27,336 |
| DOUGLAS WHITE | LEAD LINEMAN Highest-paid employee | 41 | $113,945 | $21,301 |
| JEFF REHDER | PRESIDENT Trustee or director, Officer | 8 | $12,055 | $0 |
| DAVE BOSMA | DIRECTOR Trustee or director | 6 | $9,990 | $0 |
| STEVE BROWN | SECRETARY Trustee or director, Officer | 5 | $9,115 | $0 |
| DALE ULLRICH | ASST SECRETARY/TREASURER Trustee or director, Officer | 5 | $9,020 | $0 |
| DOUGLAS BECKER | VICE PRESIDENT Trustee or director, Officer | 5 | $7,790 | $0 |
| TOM WAGNER | TREASURER Trustee or director, Officer | 5 | $7,540 | $0 |
| STEVE ABMA | DIRECTOR Trustee or director | 5 | $7,500 | $0 |
| SHIRLEY SCHROEDER | DIRECTOR Trustee or director | 5 | $7,365 | $0 |
| DAN HOFFMAN | DIRECTOR Trustee or director | 7 | $7,050 | $0 |
| DAN VAN BEEK | DIRECTOR - BEGAN 04/2023 Trustee or director | 5 | $6,250 | $0 |
| SCOTT FEUERHELM | DIRECTOR Trustee or director | 5.5 | $6,100 | $0 |
| CHAD DAU | DIRECTOR - END 03/2023 Trustee or director | 3 | $1,000 | $0 |
Address and contacts
- Address (IRS master file)
- 1505 ALBANY PL SE, ORANGE CITY, IA 51041-9678
- In care of
- % NORTH WEST RURAL ELECTRIC COOPERA
- Principal officer (990 for 2025)
- LYLE D KORVER, PO BOX 435, ORANGE CITY, IA 51041
- Signed the 990
- LYLE D KORVER, CEO
- Phone
- (712) 707-4935
- Website
- WWW.NWREC.COOP
- Return prepared by
- EIDE BAILLY LLP
Mission
WE WILL SAFELY AND EFFICIENTLY PROVIDE RELIABLE AND AFFORDABLE ELECTRIC SERVICE TO OUR MEMBERS.
Program accomplishments
- PURCHASE AND DISTRIBUTION OF ELECTRIC POWER TO MEMBERS. NORTH WEST REC SERVES 7,397 MEMBERS OVER 3,740 MILES OF LINE.
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
- 42-1404169
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $157,482,544
- Income (IRS master file)
- $67,016,511
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $66,653,437 | $65,271,074 | $157,482,544 | XML |
| 990 | December 2024 | $61,491,636 | $59,778,301 | $153,360,780 | XML |
| 990 | December 2023 | $57,563,670 | $55,817,047 | $141,894,114 | XML |
| 990 | December 2022 | $55,266,461 | $53,241,789 | $131,130,476 | 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 42-1404169).
Questions about NORTH WEST RURAL ELECTRIC COOPERATIVE
- What is the EIN of NORTH WEST RURAL ELECTRIC COOPERATIVE?
- The employer identification number (EIN) of NORTH WEST RURAL ELECTRIC COOPERATIVE is 42-1404169.
- Is NORTH WEST RURAL ELECTRIC COOPERATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1998.
- Are donations to NORTH WEST RURAL ELECTRIC COOPERATIVE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NORTH WEST 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 NORTH WEST 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 NORTH WEST 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 NORTH WEST RURAL ELECTRIC COOPERATIVE?
- The 990 for the year ended December 31, 2025 names LYLE D KORVER.
- Who are the officers and directors of NORTH WEST RURAL ELECTRIC COOPERATIVE?
- The 990 for the year ended December 31, 2025 lists 19 people; 19 received compensation from the organization, the highest $310,395 (LYLE D KORVER, CEO).
- How much revenue does NORTH WEST RURAL ELECTRIC COOPERATIVE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $66,653,437, expenses of $65,271,074 and total assets of $157,482,544 at year end.
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