East River Electric Power
EAST RIVER ELECTRIC POWER COOPERATIVE EXISTS TO ENHANCE THE VALUE OF ITS MEMBERS.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.0B
+11.8% YoY
Revenue
$371.4M
+4.1% YoY
Net Investment Income
$762K
+18.9% YoY
Expenses
$371.4M
+4.1% YoY
About East River Electric Power
Based on IRS filings
East River Electric Power is a nonprofit organization, based in MADISON, SD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.0B in total assets. Net investment income was $762K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,017,794,449 | $910,292,262 | $837,365,298 |
| Revenue | $371,444,036 | $356,938,059 | $335,441,988 |
| Expenses | $371,444,036 | $356,938,059 | $335,441,988 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $762,225 | $641,122 | $563,795 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
18 grants across all recorded years
Open Grants
3 open opportunities from East River Electric Power
Basin Electric Scholarship Program
EAST RIVER ELECTRIC POWER
Amount
$1,000 per scholarship
Deadline
Rolling / Open
Rural Electric Economic Development Fund (REED)
EAST RIVER ELECTRIC POWER
Amount
Varies
Deadline
Rolling / Open
Touchstone Energy Scholar of the Week
EAST RIVER ELECTRIC POWER
Amount
Varies
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ALAN VEDVEI | PRESIDENT | 4 | $17,252 |
| JAMES RYKEN | PRESIDENT/DIRECTOR (BEG SEPT 2024) | 4 | $14,306 |
| DUANE WOLBRINK | VICE PRESIDENT | 4 | $18,719 |
| BERT ROGNESS | TREASURER | 4 | $19,888 |
| PAUL VOIGT | SECRETARY | 3 | $13,067 |
| GARY BACHMAN | DIRECTOR | 3 | $16,581 |
| DAVID BEHRNS | DIRECTOR (BEG APR 2024) | 3 | $11,524 |
| DARREN STRASSER | DIRECTOR (UNTIL MAR 2024) | 2 | $3,095 |
| DOUG DIEKMANN | DIRECTOR | 3 | $13,717 |
| BRAD DONNAY | DIRECTOR (BEG SEPT 2024) | 4 | $6,637 |
| JEFF HUFFORD | DIRECTOR (UNTIL AUG 2024) | 3 | $10,262 |
| GARY FISH | DIRECTOR (BEG SEP 2024) | 3 | $3,928 |
| RODNEY DEMENT | DIRECTOR (UNTIL AUG 2024) | 3 | $7,233 |
| ALAN HINDERMAN | DIRECTOR | 3 | $16,305 |
| STEVE HOLMBERG | DIRECTOR (BEG SEP 2024) | 4 | $6,459 |
| JOHN OSTRAAT | DIRECTOR (UNTIL AUG 2024) | 2 | $7,432 |
| TREVOR JOB | DIRECTOR | 2 | — |
| WAYNE LEFERS | DIRECTOR (BEG JULY 2024) | 4 | $8,876 |
| DAVID NEUGEBAUER | DIRECTOR (UNTIL MAY 2024) | 2 | $4,295 |
| MICHAEL LONGTIN | DIRECTOR | 3 | $15,846 |
| RYAN NOYES | DIRECTOR | 2 | $13,317 |
| KERMIT PEARSON | DIRECTOR | 2 | $11,827 |
| DARRELL RASCHKE | DIRECTOR | 4 | $19,878 |
| RON SAMUELSON | DIRECTOR | 3 | $17,734 |
| KIRK SCHAUNAMAN | DIRECTOR | 3 | $54 |
| DON SCHURDEVIN | DIRECTOR | 3 | $12,975 |
| DAVE WARKENTHIEN | DIRECTOR | 3 | $54 |
| ROBERT SAHR | CEO/GENERAL MANAGER | 47 | $621,455 |
| SCOTT SHEWEY | CFO | 45 | $347,711 |
| MARK HOFFMAN | COO | 41 | $274,854 |
| CHRIS STUDER | CHIEF MEMBER AND PUBLIC RELATIONS OFFICER | 47 | $243,101 |
| JEFFREY MAY | CIO | 45 | $254,877 |
| ELIZABETH AVERY | CHRO | 41 | $239,685 |
| MICHAEL JASPERS | BUSINESS DEVELOPMENT DIRECTOR | 43 | $243,116 |
| DANIEL BROWN | GENERAL COUNSEL | 45 | $225,728 |
Frequently Asked Questions
How large is East River Electric Power?
As of 2024, East River Electric Power holds $1.0B in total assets with $371.4M in annual revenue.
Where does East River Electric Power operate?
East River Electric Power has awarded grants in South Dakota.
What is East River Electric Power's EIN?
East River Electric Power's EIN (Employer Identification Number) is 46-0225402. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in East River Electric Power's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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