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EIN 42-0389015

Lyon Rural Electric Cooperative

IRS 501(c) type
501(c)(12)
Num. employees
15
City
Rock Rapids
State
Iowa
Year formed
1938
Most recent tax filings
2022-12-01
NTEE code, primary
W80: Public Utilities
Description
Lyon Rural Electric Cooperative's primary mission is to serve as a rural utility service, with the aim of providing high-quality services at the lowest cost possible while adhering to sound business practices. The cooperative prides itself on providing reliable and affordable electrical service to its member-consumers through long-term planning and reinvestment in its electrical plant. In 2021, Lyon Rural Electric Cooperative achieved a 99.99% continuous service rate for its residential members.
Total revenues
$13,182,606
2022
Total expenses
$13,182,536
2022
Total assets
$28,323,833
2022
Num. employees
15
2022

Program areas at Lyon Rural Electric Cooperative

Providing reliable and affordable electrical service to our member-consumers. Through our long term planning and reinvestment in the electrical plant our members enjoyed a 99.97 % of continuous service in 2022. Lyon Rural Electric Cooperative residential members enjoyed a rate that ranked in the lowest 10% per kwh of cooperatives in the nation, small commercial members enjoyed a rate that ranked in the lowest 10% per kwh of cooperatives in the nation and large commercial members enjoyed a rate that ranked in the lowest 50% per kwh of cooperatives in the nation in 2022, the latest reporting period with comparable data.

Personnel at Lyon Rural Electric Cooperative

NameTitleCompensation
Ross LoomansGeneral Manager$147,440
David HuffPresident$5,600
Rodney MoglerTreasurer$4,600
David de BoerSecretary$7,850
Randy RoemenPresident$7,800
...and 2 more key personnel

Financials for Lyon Rural Electric Cooperative

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$12,152,949
Investment income and dividends$36,244
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$2,138
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$33,163
Miscellaneous revenues$958,112
Total revenues$13,182,606

Form 990s for Lyon Rural Electric Cooperative

Fiscal year endingDate received by IRSFormPDF link
2022-122023-10-24990View PDF
2021-122022-07-11990View PDF
2020-122021-11-12990View PDF
2019-122020-11-10990View PDF
2018-122019-12-11990View PDF
...and 9 more Form 990s

Organizations like Lyon Rural Electric Cooperative

OrganizationLocationRevenue
Twin County Electric Power AssociationHollandale, MS$31,617,595
Little Ocmulgee Electric Membership CorporationAlamo, GA$25,249,689
Bedford Rural Electric CooperativeBedford, PA$11,384,083
Southern Rivers Energy Attn Tony Caldwell (SRE)Barnesville, GA$54,913,307
Caney Valley Electric CooperativeCedar Vale, KS$10,414,813
Kandiyohi Power CooperativeSpicer, MN$22,281,330
Cherryland Electric CooperativeGrawn, MI$62,035,173
Lake Region Electric CooperativePelican Rapids, MN$56,475,666
KC Electric AssociationHugo, CO$28,375,807
Clay Electric CooperativeFlora, IL$7,870,317
Data update history
November 27, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 27, 2023
Updated personnel
Identified 1 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 26, 2023
Posted financials
Added Form 990 for fiscal year 2020
May 30, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Public utilitiesPublic sector nonprofits
Issues
No issues found
Characteristics
No characteristics found
General information
Address
116 S Marshall PO Box 629
Rock Rapids, IA 51246
County
Lyon County, IA
Website URL
lyonrec.coop/ 
Phone
(712) 472-2506
IRS details
EIN
42-0389015
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1938
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W80: Public Utilities
NAICS code, primary
2211: Electric Power Generation, Transmission, and Distribution Establishments
Parent/child status
Independent
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