Prairie Power, Inc.
Legal name: Prairie Power Inc
Nonprofit profile at a glance
- EIN
- 371013955
- IRS 990 coverage
- 2010–2025
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2025
- Location
- Springfield, IL, USA
- Phone
- 2172456161
- Rating confidence
- Limited
Reported finances
- Revenue
- $197,255,991
- Expenses
- $197,255,991
- Assets
- $843,955,346
- Liabilities
- $695,656,346
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
42 people listed
Executive titles in this filing
- ERIC HOBBIE (PRESIDENT & CEO)
Highest reported compensation
- ERIC HOBBIE (PRESIDENT & CEO): $712,015 total reported compensation
- CRYSTAL RINEY (VP FINANCE & ACCOUNTING): $306,963 total reported compensation
- BRIAN FITZGERALD (SENIOR VP OF GENERATION & POWER SUPPLY): $297,860 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The cooperative's mission is to market reliable, competitively-priced energy and other services.
What it reported doing in 2025
Electric purchases - purchased and generated kilowatt hours of electricity for sale to member systems.
Operating model
- Revenue model
- Other-operating. 85% of the money available for current operations came from other operating revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 78
- Accountability: 100
- Sustainability: 43
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 66th percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 65th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0%; rating input score 23; 23rd percentile among comparable filings
- Total-asset coverage ratio: 4.28; rating input score 78; 78th percentile among comparable filings
- Liabilities to assets ratio: 0.82; rating input score 16; 16th percentile among comparable filings
- Officer compensation ratio: 2%; rating input score 62; 62nd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 3% per year; rating input score 100; 23rd percentile among comparable filings
- Asset growth: 2.5% per year; rating input score 100; 13th percentile among comparable filings
Details
- What they do: Mission, programs, and operating context captured from the official website.
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 20 of 20 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $712K · 42 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $21.9M reported
- Consistency: 14 of 14 current checks pass
- Schedules: 4 filed schedules · includes executive pay and related organizations
- Filing history: 16 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 30 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Sustainability: Operating margin scored 23/100.
- High — Sustainability: Liabilities to assets ratio scored 16/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.