Public Charity

LYON RURAL ELECTRIC COOPERATIVE

LYON RURAL ELECTRIC COOPERATIVE is a nonprofit organization categorized as Public Charity based in ROCK RAPIDS, IA. Its most recent IRS filing (2025) reports revenue of $15.1M, expenses of $15.1M, total assets of $35.4M.

EIN: 420389015 ROCK RAPIDS, IA Latest filing: 2025
Total Revenue$15.1M
Total Expenses$15.1M
Total Assets$35.4M
Grant Records0
Filing Years2021–2025

Mission

THE PRIMARY OBJECTIVE OF LYON RURAL ELECTRIC COOPERATIVE IS TO PROVIDE THE HIGHEST QUALITY SERVICES POSSIBLE TO OUR MEMBER-CONSUMER AT THE LOWEST COST CONSISTENT WITH SOUND BUSINESS PRACTICES. SERVICES PROVIDED TO OUR MEMBER-CONSUMERS WILL BE EVALUATED AT AN ONGOING BASIS TO MEET THE CHANGING NEEDS OF OUR MEMBERSHIP WHILE BENEFITING THE LONG-RANGE OBJECTIVES OF THE COOPERATIVE.

Officers & Directors

DIRECTOR Allen Poppens
LINEMAN Anthony Desmet
LINE FOREMAN Bryan Herum
DIRECTOR Damon Pedersen
SECRETARY David De Boer
DIRECTOR David Griesse

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2025 $15.1M $15.1M $35.4M
2024 $13.9M $13.9M $34.3M
2023 $13.7M $13.7M $32.9M
2022 $13.2M $13.2M $28.3M
2021 $11.3M $11.3M $26.5M

Between 2021 and 2025, reported annual revenue grew from $11.3M to $15.1M (+33%), with total assets most recently reported at $35.4M.

Interactive year-over-year charts and full filing details available with membership.

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