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 .
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 |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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