Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1961.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
14 people listed on the 990; $62K paid to officers and key staff (Part VII, Section A).
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| David Huff | $12,150 | $10,800 | $9,900 | $7,625 | $3,850 |
| David Deboer | $6,900 | $7,800 | $6,750 | $5,475 | $4,750 |
| David Hansen | $5,400 | $6,600 | $5,100 | $5,900 | $4,125 |
| Lucas Roskamp | $4,800 | $4,800 | $6,300 | $4,425 | $3,575 |
| Steven Voss | — | $5,700 | $6,300 | $5,325 | $5,100 |
| Gregg Johnson | $4,500 | $5,100 | $3,300 | $3,525 | $3,300 |
| Dan Leuthold | $3,900 | $4,500 | $4,800 | $4,700 | $3,300 |
| Nolan Kooiker | $3,600 | $3,000 | $4,500 | $3,525 | $1,925 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See L & O Power Cooperative executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Supplies wholesale electricity and provides power wheeling services to rural cooperatives and municipalities.
Questions for L & O Power Cooperative
Your first name shows with your question. L & O Power Cooperative answers here, for everyone.
L&O power cooperative is a wholesale power supplier to four rural distribution cooperatives. L&O provides wheeling services to three municipalities.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 42-0721692) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Federal money
The auditor reported no findings.
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $2.7M | $2.5M |
| InvestmentsLn 11–13 | $25.8M | $27.3M |
| Land, buildings, equipmentLn 10c | $42.1M | $44.5M |
| Total assetsLn 16 | $76.2M | $80.5M |
| LiabilitiesLn 26 | $37.8M | $40.5M |
| Net assetsLn 32 | $38.4M | $40.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Benefits paid to or for membersLn 4 | $1.7M | |||
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $62K | |||
| Management feesLn 11a | $453K | |||
| InterestLn 20 | $1.8M | |||
| Depreciation, depletion and amortizationLn 22 | $1.1M | |||
| InsuranceLn 23 | $123K | |||
| Other expenses (24a–d)Ln 24 | $37.2M | |||
| All other expensesLn 24e | $84K | |||
| Total functional expensesLn 25 | $42.6M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest ViewingFiled with the IRS Nov 7, 2025 | $43.1M | $42.6M | $521K | $40.0M | 990 PDF |
| FY2023Filed with the IRS Nov 1, 2024 | $43.8M | $43.1M | $640K | $38.4M | 990 PDF |
| FY2022Filed with the IRS Oct 26, 2023 | $39.5M | $39.0M | $451K | $35.2M | 990 PDF |
| FY2021Filed with the IRS Jul 27, 2022 | $31.8M | $31.7M | $105K | $30.8M | 990 PDF |
| FY2020Filed with the IRS Sep 22, 2021 | $30.7M | $31.0M | −$336K | $29.9M | 990 PDF |
Schedules filed Part IV
See the full FY2024 990
Part I · Summary $43,103,383 revenue, 12 lines filed
Part VI · Governance 12 of 12 board members independent, 1 to look at
Part VIII · Statement of revenue $43,103,383 across 3 lines filed
Part IX · Statement of functional expenses $42,582,514 across 8 lines filed
Part X · Balance sheet $80,459,643 assets, 18 lines filed
Part XI · Reconciliation of net assets $39,997,884 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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