HEARTLAND POWER COOPERATIVE
PO BOX 65, THOMPSON, IA 50478 www.heartlandpower.com

Total Revenue
$29,909,949
Total Expenses
$29,534,949
Net Assets
$30,426,162

Organizations Filed Purposes: OUR VISION IS TO BE THE PROVIDER OF CHOICE FOR ENERGY AND SERVICES BY ALL CONSUMERS. OUR PRIMARY PURPOSE IS TO PROVIDE ELECTRICAL ENERGY AND OTHER SERVICES THAT ENHANCE THE QUALITY OF LIFE OF OUR MEMBERS AND THE ECONOMIC AND SOCIAL WELL-BEING OF THE REGION AT THE LOWEST POSSIBLE COST CONSISTENT WITH SOUND ECONOMIC AND MANAGEMENT DECISIONS.

TO PROVIDE ELECTRICITY TO RURAL COMMUNITIES.

HEARTLAND POWER COOPERATIVE INVESTED IN NEW SERVICE LINES, LINE AND SERVICE IMPROVEMENTS, AND ORDINARY REPLACEMENT OF EXISTING LINE TO KEEP UP THE CONDITION OF OUR DISTRIBUTION SYSTEM. A SUMMARY OF THESE IMPROVEMENTS IS LISTED BELOW:15.5 MILES OF OVERHEAD LINE WAS REBUILT3.25 MILES OF UNDERGROUND LINE WAS INSTALLED661 NEW POLES WERE PURCHASED TO BUILD NEW LINE, NEW SERVICES, AND FOR ORDINARY REPLACEMENT OF DAMAGED OR DECAYED POLES OR FOR BETTER LINE CLEARANCE2,912 POLES WERE INSPECTED FOR DECAY OR DAMAGE294 ARRESTORS WERE ADDED TO LINES TO DRAIN OFF LIGHTNING SURGES24 ELECTRONIC TRIP SAVERS WERE INSTALLED TO IMPROVE RELIABILITY AND REDUCE OUTAGES284 SECURITY LIGHTS WERE REPAIRED

HEARTLAND POWER COOPERATIVE PURCHASED THE 18 SUBSTATIONS SERVING THE COOPERATIVE FROM DAIRYLAND POWER COOPERATIVE.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Jon LeerarCEO/GENERAL MANAGER60$157,017
Karrie PringnitzDIRECTOR OF FINANCE50$102,162
Dave LowDIRECTOR OF OPERATIONS50$101,719
Richard RosenbergPRESIDENT9$10,750
Don KnudtsonDIRECTOR8$8,700
Vince MorischeDIRECTOR7$8,100
Larry TjadenSECRETARY5$8,100
Roger SolomonsonVICE PRESIDENT9$7,750
Roger TjarksDIRECTOR7$7,500
Mark KinglandTREASURER8$6,750
Gary PearsonASST. SECRETARY-TREASURER5$5,100

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202003159349301420_public.xml