Southwest Iowa Rec

Nonprofit profile at a glance

EIN
200538386
IRS 990 coverage
2020–2025
Forms available
Form 990 2025
Location
Corning, IA, USA
Phone
8882204869
Rating confidence
Limited
Sector
Disaster Preparedness and Relief Services

Official website

Reported finances

Revenue
$14,696,029
Expenses
$13,991,236
Assets
$51,506,426
Liabilities
$30,412,604

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • MARILYN WERNER (PRESIDENT)
  • MARK HERZBERG (VICE PRESIDENT)
  • PHIL KINSER (CEO/GENERAL MANAGER)

Highest reported compensation

  • PHIL KINSER (CEO/GENERAL MANAGER): $237,855 total reported compensation
  • JUSTIN MURPHY (DIRECTOR OF OPERATIONS): $147,646 total reported compensation
  • SHAYNE LARSON (LINEMAN): $139,936 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To distribute electric energy to our member-consumers of rural residential, small commercial, large power and public authority users in a manner consistent with sound business practices.

What it reported doing in 2025

We distributed electric energy to 6,095 member-consumers of rural residential, small commercial, large power and public authority users in a manner consistent with sound business practices. We installed 75 new services and retired 73 services. We added 2.54 miles of overhead line and retired 1.86 miles of overhead line. We installed 4.41 miles of underground line and retired 0.85 miles of underground line.

Operating model

Revenue model
Earned-program. 95% of the money available for current operations came from fees and other program 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: 71
  • Accountability: 95
  • Sustainability: 49
  • 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; 64th 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: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 4.8%; rating input score 43; 43rd percentile among comparable filings
  • Total-asset coverage ratio: 3.68; rating input score 72; 72nd percentile among comparable filings
  • Liabilities to assets ratio: 0.59; rating input score 20; 20th percentile among comparable filings
  • Officer compensation ratio: 7%; rating input score 42; 42nd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 2.8% per year; rating input score 100; 21st percentile among comparable filings
  • Asset growth: 5.7% per year; rating input score 100; 39th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 10 of 10 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $238K · 17 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $3.6M reported
  • Consistency: 12 of 12 current checks pass
  • Schedules: 3 filed schedules · includes executive pay
  • Filing history: 6 filing years from 2020 to 2025
  • Contacts: How to reach this organization
  • Money network: 17 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • Moderate — Sustainability: Operating margin scored 43/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Liabilities to assets ratio scored 20/100.
  • Moderate — Sustainability: Officer compensation ratio scored 42/100.