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Nonprofiteer
← EAST RIVER ELECTRIC POWER COOPERATIVE INC

Form 990 for tax year 2024

Filed by EAST RIVER ELECTRIC POWER COOPERATIVE INC.

Totals

Total revenue
$371,444,036
Total expenses
$371,444,036
Contributions and grants received
$0
Grants paid
$64,030
Program service revenue
$370,463,078
Investment income
$762,225
Other revenue
$218,733
Total assets, end of year
$1,017,794,449
Total liabilities, end of year
$716,921,585
Net assets or fund balances, end of year
$300,872,864
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Listed in Part VII

  • ALAN VEDVEI

    PRESIDENT

    Total calculated
    $17,252
    From this org
    $17,252
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • JAMES RYKEN

    PRESIDENT/DIRECTOR (BEG SEPT 2024)

    Total calculated
    $19,057
    From this org
    $14,306
    From related orgs
    $0
    Other
    $4,751
    Hours/week
    4

  • DUANE WOLBRINK

    VICE PRESIDENT

    Total calculated
    $18,719
    From this org
    $18,719
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • BERT ROGNESS

    TREASURER

    Total calculated
    $19,888
    From this org
    $19,888
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • PAUL VOIGT

    SECRETARY

    Total calculated
    $13,067
    From this org
    $13,067
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • GARY BACHMAN

    DIRECTOR

    Total calculated
    $16,581
    From this org
    $16,581
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • DAVID BEHRNS

    DIRECTOR (BEG APR 2024)

    Total calculated
    $11,524
    From this org
    $11,524
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • DARREN STRASSER

    DIRECTOR (UNTIL MAR 2024)

    Total calculated
    $3,095
    From this org
    $3,095
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • DOUG DIEKMANN

    DIRECTOR

    Total calculated
    $13,717
    From this org
    $13,717
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • BRAD DONNAY

    DIRECTOR (BEG SEPT 2024)

    Total calculated
    $6,637
    From this org
    $6,637
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • JEFF HUFFORD

    DIRECTOR (UNTIL AUG 2024)

    Total calculated
    $10,262
    From this org
    $10,262
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • GARY FISH

    DIRECTOR (BEG SEP 2024)

    Total calculated
    $3,928
    From this org
    $3,928
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • RODNEY DEMENT

    DIRECTOR (UNTIL AUG 2024)

    Total calculated
    $9,933
    From this org
    $7,233
    From related orgs
    $0
    Other
    $2,700
    Hours/week
    3

  • ALAN HINDERMAN

    DIRECTOR

    Total calculated
    $16,305
    From this org
    $16,305
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • STEVE HOLMBERG

    DIRECTOR (BEG SEP 2024)

    Total calculated
    $6,459
    From this org
    $6,459
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • JOHN OSTRAAT

    DIRECTOR (UNTIL AUG 2024)

    Total calculated
    $7,432
    From this org
    $7,432
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • TREVOR JOB

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • WAYNE LEFERS

    DIRECTOR (BEG JULY 2024)

    Total calculated
    $8,876
    From this org
    $8,876
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • DAVID NEUGEBAUER

    DIRECTOR (UNTIL MAY 2024)

    Total calculated
    $4,295
    From this org
    $4,295
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • MICHAEL LONGTIN

    DIRECTOR

    Total calculated
    $15,846
    From this org
    $15,846
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • RYAN NOYES

    DIRECTOR

    Total calculated
    $13,317
    From this org
    $13,317
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • KERMIT PEARSON

    DIRECTOR

    Total calculated
    $11,827
    From this org
    $11,827
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • DARRELL RASCHKE

    DIRECTOR

    Total calculated
    $19,878
    From this org
    $19,878
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • RON SAMUELSON

    DIRECTOR

    Total calculated
    $17,734
    From this org
    $17,734
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • KIRK SCHAUNAMAN

    DIRECTOR

    Total calculated
    $16,917
    From this org
    $54
    From related orgs
    $0
    Other
    $16,863
    Hours/week
    3

  • DON SCHURDEVIN

    DIRECTOR

    Total calculated
    $12,975
    From this org
    $12,975
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • DAVE WARKENTHIEN

    DIRECTOR

    Total calculated
    $16,204
    From this org
    $54
    From related orgs
    $0
    Other
    $16,150
    Hours/week
    3

  • ROBERT SAHR

    CEO/GENERAL MANAGER

    Total calculated
    $834,317
    From this org
    $621,455
    From related orgs
    $0
    Other
    $212,862
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $611,344
    Bonus
    $0
    Other
    $10,111
    Deferred
    $178,764
    Nontaxable benefits
    $37,713
    Filer's total
    $837,932

  • SCOTT SHEWEY

    CFO

    Total calculated
    $436,765
    From this org
    $347,711
    From related orgs
    $0
    Other
    $89,054
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $344,036
    Bonus
    $0
    Other
    $3,675
    Deferred
    $57,302
    Nontaxable benefits
    $34,664
    Filer's total
    $439,677

  • MARK HOFFMAN

    COO

    Total calculated
    $366,602
    From this org
    $274,854
    From related orgs
    $0
    Other
    $91,748
    Hours/week
    41

    Schedule J breakdown matched by us

    Base
    $271,618
    Bonus
    $0
    Other
    $3,236
    Deferred
    $60,094
    Nontaxable benefits
    $34,234
    Filer's total
    $369,182

  • CHRIS STUDER

    CHIEF MEMBER AND PUBLIC RELATIONS OFFICER

    Total calculated
    $315,199
    From this org
    $243,101
    From related orgs
    $0
    Other
    $72,098
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $241,531
    Bonus
    $0
    Other
    $1,570
    Deferred
    $37,919
    Nontaxable benefits
    $36,552
    Filer's total
    $317,572

  • JEFFREY MAY

    CIO

    Total calculated
    $397,608
    From this org
    $254,877
    From related orgs
    $0
    Other
    $142,731
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $252,500
    Bonus
    $0
    Other
    $2,377
    Deferred
    $128,532
    Nontaxable benefits
    $16,554
    Filer's total
    $399,963

  • ELIZABETH AVERY

    CHRO

    Total calculated
    $482,687
    From this org
    $239,685
    From related orgs
    $0
    Other
    $243,002
    Hours/week
    41

    Schedule J breakdown matched by us

    Base
    $234,523
    Bonus
    $0
    Other
    $5,162
    Deferred
    $220,403
    Nontaxable benefits
    $24,887
    Filer's total
    $484,975

  • MICHAEL JASPERS

    BUSINESS DEVELOPMENT DIRECTOR

    Total calculated
    $306,259
    From this org
    $243,116
    From related orgs
    $0
    Other
    $63,143
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $241,184
    Bonus
    $0
    Other
    $1,932
    Deferred
    $47,991
    Nontaxable benefits
    $17,436
    Filer's total
    $308,543

  • DANIEL BROWN

    GENERAL COUNSEL

    Total calculated
    $271,670
    From this org
    $225,728
    From related orgs
    $0
    Other
    $45,942
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $223,218
    Bonus
    $0
    Other
    $2,510
    Deferred
    $33,251
    Nontaxable benefits
    $14,779
    Filer's total
    $273,758

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 3
USE OF CHARTER AIR IS ALLOWED ONLY WHEN COMMERCIAL AIRLINE SERVICE IS NOT AVAILABLE OR PRACTICAL.
PART I, LINE 4B
ROBERT SAHR RECEIVED A PAYMENT OF $39,956 AS A PERFORMANCE INCENTIVE 457(F) TO SUPPLEMENT HIS COMPENSATION FOR A SPECIFIC TIME FRAME.
SCHEDULE J, PART II, COLUMN C
SCHEDULE J, PART II, COLUMN C INCLUDES THE CHANGE IN ACTUARIAL VALUE IN THE DEFINED BENEFIT PLAN PER THE 990 INSTRUCTIONS. THIS AMOUNT DOES NOT REPRESENT THE ACTUAL CONTRIBUTIONS MADE TO THE PLAN BY THE COOPERATIVE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
28 October 2025
IRS schema version
2024v5.2
Source object
202543019349302369

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