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Filing year 2024

ARROWHEAD ELECTRIC COOPERATIVE INC

Lutsen, Minnesota·EIN 41-0735682·12
Total revenue
$18M
Total assets
$50.8M
Total expenses
$14.9M
Reported officers
15
Mission

ELECTRIC ENERGY DISTRIBUTION

Executive compensation, broken down

Form 990 · Schedule J · 15 reported individuals · Filing year 2024

General Manager/ceo
officer (unspecified)
$308k
$331k
Base
$237k
Bonus
Other
Benefits
$29k
Communication Lineman
highest compensated employee
$196k
$211k
Base
$156k
Bonus
Other
Benefits
$28k
Director of Finance
$193k
$207k
Base
$144k
Bonus
Other
Benefits
$29k
Member Service Manager
highest compensated employee
$189k
$203k
Base
$142k
Bonus
Other
Benefits
$29k
Lineman
highest compensated employee
$178k
$191k
Base
$161k
Bonus
Other
Benefits
$14k
Communication Lineman
highest compensated employee
$176k
$189k
Base
$135k
Bonus
Other
Benefits
$28k
Lineman
highest compensated employee
$148k
$159k
Director
board member
$16k
$17k
Secretary
officer (unspecified)
$13k
$14k
Treasurer
officer (unspecified)
$12k
$12k
Director Through July, President
$11k
$12k
President Through July,vice President
vice president
$11k
$12k
Director
board member
$10k
$11k
Vice President Through July
vice president
$6k
$6k
Director Beginning August
board member
$4k
$4k

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 14%
from 2023

From $270k in 2023 to $308k in 2024.

$270k
2023
$308k
2024
In today's dollarsEst.
Up 11% in real terms$298k to $331k

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

ARROWHEAD ELECTRIC COOPERATIVE INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$17.4M
$14.4M
2023
$18M
$14.9M
2024
Total revenue and total expenses from IRS Form 990 filings.
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