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IOWA LAKES ELECTRIC COOPERATIVE
IOWA LAKES ELECTRIC COOPERATIVE
IA · Public Policy · EIN 421259366
36
Executives Disclosed
$74.7M
Annual Revenue
$182.9M
Total Assets
1.6:1
Internal Pay Ratio
IOWA LAKES ELECTRIC COOPERATIVE has 36 executives with disclosed compensation. The highest-paid executive, Rick Olesen (PRESIDENT/CEO- PART YEAR), received peak total compensation of $352,221. The sector average for Public Policy executives is $191K.
Top Executive Compensation Over Time
Executive Compensation
| Name | Title | Peak Comp. | Latest Comp. | Years | vs. Household |
|---|---|---|---|---|---|
| Rick Olesen | PRESIDENT/CEO- PART YEAR | $352K | $216K | 2016–2022 | 4.7x |
| Ryan Craig | PRESIDENT/CEO | $315K | $315K | 2023–2024 | 4.2x |
| Shelly Tredway | VP OF FINANCE/CFO | $305K | $305K | 2019–2024 | 4.1x |
| Aaron Ruschy | VP OF OPERATIONS & ENGINEERING | $297K | $297K | 2016–2024 | 4x |
| Tim McCollough | PRESIDENT/CEO | $276K | $174K | 2022–2023 | 3.7x |
| September Dau | SR VP OF FINANCE | $265K | $265K | 2016–2022 | 3.5x |
| Jennifer Sievert | VP OF CUSTOMER & CORP RELATIONS | $252K | $252K | 2021–2024 | 3.4x |
| Tresa Hussong | VP CUSTOMER & CORP RELATIONS - PART YEAR | $210K | $0 | 2016–2021 | 2.8x |
| Pam Caboth | VP OF ADMINISTRATIVE SERVI | $202K | $202K | 2018–2022 | 2.7x |
| Brian Scott | SUPERINTENDENT OF FIELD OPERATIONS | $195K | $195K | 2017–2024 | 2.6x |
| Alden Zeitz | MANAGER OF RENEWABLE ENERGY SERVICES | $194K | $194K | 2017–2024 | 2.6x |
| Doug Dau | MANAGER OF INFORMATION TECHNOLOGY AND TECH SUPPORT | $187K | $187K | 2017–2022 | 2.5x |
| Mike Kummer | LINE FOREMAN | $176K | $176K | 2020–2023 | 2.3x |
| Jed Skogerboe | MANAGER OF BUSINESS AND COMMUNITY DEVELOPMENT | $172K | $169K | 2019–2024 | 2.3x |
| Kristin Hanson | MANAGER OF HR | $167K | $167K | 2022–2024 | 2.2x |
| Jeremy Nelson | MANAGER OF ENGINEERING | $163K | $163K | 2024–2024 | 2.2x |
| Daniel Winterhof | CHAIR | $14K | $0 | 2016–2024 | 0.2x |
| Jerry Beck | DIRECTOR | $13K | $0 | 2016–2024 | 0.2x |
| David Friedrich | DIRECTOR | $12K | $0 | 2016–2024 | 0.2x |
| Crystal Pluth | TREASURER | $12K | $0 | 2016–2024 | 0.2x |
| Neal Heldt | DIRECTOR | $11K | $0 | 2016–2024 | 0.2x |
| Mark Tuttle | DIRECTOR | $11K | $0 | 2016–2024 | 0.1x |
| Chad Boysen | VICE CHAIR | $11K | $0 | 2016–2024 | 0.1x |
| Trent Will | SECRETARY | $11K | $0 | 2016–2024 | 0.1x |
| Ben Ashland | DIRECTOR | $10K | $0 | 2023–2024 | 0.1x |
| Alan Madden | DIRECTOR | $10K | $0 | 2016–2024 | 0.1x |
| Roger Williamson | DIRECTOR | $10K | $0 | 2016–2024 | 0.1x |
| Bruce Amundson | DIRECTOR | $10K | $0 | 2016–2024 | 0.1x |
| Gary Rouse | DIRECTOR | $10K | $0 | 2016–2024 | 0.1x |
| Paul Benson | DIRECTOR - PART YEAR | $9K | $0 | 2016–2018 | 0.1x |
| Craig Deim | DIRECTOR | $9K | $0 | 2021–2024 | 0.1x |
| Nick Kerns | DIRECTOR | $8K | $0 | 2024–2024 | 0.1x |
| Marc Rush | DIRECTOR | $7K | $0 | 2018–2023 | 0.1x |
| Craig Diem | VICE CHAIRMAN | $7K | $0 | 2016–2020 | 0.1x |
| Peter Hansen | DIRECTOR | $1K | $0 | 2016–2016 | 0x |
| Steven Williams | DIRECTOR | $900 | $0 | 2016–2016 | 0x |
Annual Summary
| Year | Executives | Avg. Comp. | Highest Comp. | Total Payroll |
|---|---|---|---|---|
| 2016 | 20 | $220K | $290K | $881K |
| 2017 | 21 | $208K | $310K | $1.3M |
| 2018 | 23 | $200K | $321K | $1.6M |
| 2019 | 24 | $207K | $324K | $1.4M |
| 2020 | 24 | $198K | $344K | $2.0M |
| 2021 | 25 | $212K | $352K | $1.7M |
| 2022 | 26 | $209K | $289K | $2.5M |
| 2023 | 25 | $194K | $276K | $1.7M |
| 2024 | 24 | $229K | $315K | $2.1M |
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