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Filing year 2024

AGRALITE ELECTRIC COOPERATIVE

Benson, Minnesota·EIN 41-0560428·12
Total revenue
$26.5M
Total assets
$80.3M
Total expenses
$25.8M
Reported officers
14
Mission

TO PROVIDE SAFE, RELIABLE ELECTRIC SERVICE AND OTHER RELATED PRODUCTS TO IMPROVE THE QUALITY OF LIFE IN OUR REGION.

Executive compensation, broken down

Form 990 · Schedule J · 14 reported individuals · Filing year 2024

Base
$224k
Bonus
Other
Benefits
$25k
Operations Manager
highest compensated employee
$238k
$256k
Base
$167k
Bonus
Other
Benefits
$31k
Lead Lineman/foremen
highest compensated employee
$202k
$217k
Base
$129k
Bonus
Other
Benefits
$30k
Member Services Manager
highest compensated employee
$183k
$197k
Base
$144k
Bonus
Other
Benefits
$28k
Base
$129k
Bonus
Other
Benefits
$24k
Lead Lineman/foremen
highest compensated employee
$146k
$157k
Lead Lineman/foremen
highest compensated employee
$138k
$148k
$14k
$15k
Director
board member
$14k
$15k
Director
board member
$14k
$15k
Director
board member
$14k
$15k
Vice President
vice president
$12k
$13k
Director
board member
$11k
$12k
Secretary/treasurer
officer (unspecified)
$11k
$11k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Up 5%
from 2023

From $264k in 2023 to $277k in 2024.

$264k
2023
$277k
2024
In today's dollarsEst.
Up 2% in real terms$291k to $298k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

AGRALITE ELECTRIC COOPERATIVE reported revenue and expenses across 2 filing years.

RevenueExpenses
$27M
$26.3M
2023
$26.5M
$25.8M
2024
Total revenue and total expenses from IRS Form 990 filings.
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