Home ›
Organizations ›
CENTRAL IOWA POWER COOPERATIVE
CENTRAL IOWA POWER COOPERATIVE
IA · EIN 420652127
49
Executives Disclosed
$224.8M
Annual Revenue
$910.5M
Total Assets
2.2:1
Internal Pay Ratio
CENTRAL IOWA POWER COOPERATIVE has 49 executives with disclosed compensation. The highest-paid executive, Dennis Murdock (EXECUTIVE VP/CEO), received peak total compensation of $528,660.
Top Executive Compensation Over Time
Executive Compensation
| Name | Title | Peak Comp. | Latest Comp. | Years | vs. Household |
|---|---|---|---|---|---|
| Dennis Murdock | EXECUTIVE VP/CEO | $529K | $458K | 2016–2017 | 7x |
| William Cherrier | PART-YEAR CEO | $484K | $290K | 2017–2023 | 6.5x |
| Andrew St John | EXECUTIVE VICE PRESIDENT & CEO | $468K | $468K | 2016–2024 | 6.2x |
| Rand Fisher | PRESIDENT OF IADG | $405K | $385K | 2016–2021 | 5.4x |
| Daniel Burns | VP UTILITY OPERATIONS | $310K | $310K | 2018–2024 | 4.1x |
| Paul Hofman | VP INFORMATION TECHNOLOGY | $300K | $300K | 2016–2024 | 4x |
| Kendra Graves | VP PORTFOLIO STRATEGY & PLANNING | $288K | $288K | 2020–2024 | 3.8x |
| David Nicholson | VP & CFO | $260K | $260K | 2023–2024 | 3.5x |
| Dusky Terry | PART-YEAR VP PLANNING AND GROWTH STRATEGIES | $252K | $179K | 2016–2019 | 3.4x |
| Gary Slaby | PART-YEAR VP UTILITY OPERATIONS | $232K | $207K | 2016–2018 | 3.1x |
| Kerry Koonce | VP COMMUNICATIONS & CORP RELATIONS | $231K | $231K | 2021–2024 | 3.1x |
| Memorea Schrader | VP HUMAN RESOURCES | $229K | $229K | 2019–2024 | 3.1x |
| Bruce Nuzum | VP FINANCE OF IADG | $222K | $222K | 2016–2021 | 3x |
| Dawn Sly-Terpstra | PART-YEAR VP MEMBER RELATIONS | $220K | $220K | 2018–2021 | 2.9x |
| Terry Fett | DIRECTOR, ENGINEERING & OPERATIONS | $215K | $215K | 2019–2024 | 2.9x |
| Janel Cerwick | PART-YEAR VP HUMAN CAPITAL | $212K | $0 | 2016–2018 | 2.8x |
| Michelle Soyer | DIRECTOR OF FINANCE | $211K | $211K | 2021–2024 | 2.8x |
| Samuel Stineman | DIRECTOR, GENERATION ASSETS | $208K | $208K | 2022–2024 | 2.8x |
| Chad Miller | MANAGER OF IT SECURITY & COMPLIANCE | $193K | $193K | 2020–2024 | 2.6x |
| Kathe Breheny | VP CORPORATE COMMUNICATION | $189K | $189K | 2016–2017 | 2.5x |
| Edward Dusheck | PART-YEAR SYSTEMS OPERATIONS MANAGER | $185K | $185K | 2018–2018 | 2.5x |
| Rex Butler | MANAGER OF ENVIRONMENTAL & SAFETY | $184K | $184K | 2022–2024 | 2.4x |
| David Kipp | PART-YEAR SUBSTATION ELECTRICIAN FOREMAN | $180K | $180K | 2018–2018 | 2.4x |
| Cheri Monahan | GROWTH STRATEGIES DIRECTOR | $175K | $175K | 2020–2020 | 2.3x |
| Joseph Feld | SYSTEM OPERATIONS MANAGER | $173K | $173K | 2020–2020 | 2.3x |
| David Duncan | RESOURCE PLANNING CONSULTANT | $172K | $172K | 2019–2021 | 2.3x |
| Paul Heineman | BOARD PRESIDENT | $62K | $0 | 2016–2024 | 0.8x |
| Gary Kester | BOARD DIRECTOR | $44K | $0 | 2018–2024 | 0.6x |
| Gene Manternach | BOARD SECRETARY/TREASURER | $42K | $0 | 2016–2024 | 0.6x |
| Dan Westphal | BOARD VICE PRESIDENT | $40K | $0 | 2016–2024 | 0.5x |
| Randy Rouse | BOARD DIRECTOR | $40K | $0 | 2016–2024 | 0.5x |
| Kirk Hiland | BOARD DIRECTOR | $36K | $0 | 2019–2024 | 0.5x |
| Gary McKenna | BOARD DIRECTOR | $36K | $0 | 2021–2024 | 0.5x |
| Pat Von Ahnen | PART-YEAR DIRECTOR | $32K | $0 | 2016–2018 | 0.4x |
| Arden Greiner | BOARD DIRECTOR | $32K | $0 | 2019–2024 | 0.4x |
| Marcel Fett | BOARD DIRECTOR | $29K | $0 | 2016–2020 | 0.4x |
| Craig Stallman | BOARD DIRECTOR | $29K | $0 | 2019–2024 | 0.4x |
| Nicholas Hammes | PART-YEAR DIRECTOR | $28K | $0 | 2016–2019 | 0.4x |
| Dale Walkup | BOARD DIRECTOR | $27K | $0 | 2016–2024 | 0.4x |
| Duane Ver Ploeg | BOARD ASST SECRETARY/TREASURER | $27K | $0 | 2016–2024 | 0.4x |
| Duane Armstead | PART-YEAR BOARD DIRECTOR | $25K | $0 | 2016–2023 | 0.3x |
| Tim Larsen | BOARD DIRECTOR | $25K | $0 | 2023–2024 | 0.3x |
| Roger Krug | PART-YEAR DIRECTOR | $25K | $0 | 2016–2019 | 0.3x |
| Tom Carson | BOARD DIRECTOR | $24K | $0 | 2016–2016 | 0.3x |
| Allan Duffe | PART-YEAR DIRECTOR | $23K | $0 | 2016–2018 | 0.3x |
| Steve Bireline | BOARD DIRECTOR | $22K | $0 | 2021–2024 | 0.3x |
| Allen Albers | BOARD DIRECTOR | $21K | $0 | 2016–2020 | 0.3x |
| Mark Wampler | PART-YEAR DIRECTOR | $14K | $0 | 2018–2019 | 0.2x |
| Ronald Thielen | PART-YEAR BOARD DIRECTOR | $2K | $0 | 2024–2024 | 0x |
Annual Summary
| Year | Executives | Avg. Comp. | Highest Comp. | Total Payroll |
|---|---|---|---|---|
| 2016 | 23 | $254K | $529K | $2.3M |
| 2017 | 23 | $259K | $458K | $2.3M |
| 2018 | 27 | $246K | $412K | $2.7M |
| 2019 | 27 | $245K | $466K | $2.7M |
| 2020 | 25 | $234K | $454K | $2.8M |
| 2021 | 26 | $246K | $473K | $3.2M |
| 2022 | 24 | $237K | $484K | $2.8M |
| 2023 | 27 | $242K | $373K | $2.9M |
| 2024 | 26 | $258K | $468K | $3.1M |