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Filing year 2024

ARROWHEAD ELECTRIC COOPERATIVE INC

Lutsen, Minnesota·EIN 41-0735682·501(c)(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 · Part VII & Schedule J · 15 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

General Manager/ceo
Officer (Unspecified)
$308k
$331k
Base
$237k
Bonus
Other
Benefits
$29k
Communication Lineman
Highest Compensated Employee
Median to 75th percentile
$196k
$211k
Base
$156k
Bonus
Other
Benefits
$28k
Director of Finance
75th to 90th percentile
$193k
$207k
Base
$144k
Bonus
Other
Benefits
$29k
Member Service Manager
Highest Compensated Employee
Median to 75th percentile
$189k
$203k
Base
$142k
Bonus
Other
Benefits
$29k
Lineman
Highest Compensated Employee
Median to 75th percentile
$178k
$191k
Base
$161k
Bonus
Other
Benefits
$14k
Communication Lineman
Highest Compensated Employee
Median to 75th percentile
$176k
$189k
Base
$135k
Bonus
Other
Benefits
$28k
Lineman
Highest Compensated Employee
25th percentile to median
$148k
$159k
Director
Board Member
25th percentile to median
$16k
$17k
Secretary
Officer (Unspecified)
$13k
$14k
Treasurer
Officer (Unspecified)
$12k
$12k
Director Through July, President
Below 10th percentile
$11k
$12k
President Through July,vice President
Vice President
25th percentile to median
$11k
$12k
Director
Board Member
25th percentile to median
$10k
$11k
Vice President Through July
Vice President
10th to 25th percentile
$6k
$6k
Director Beginning August
Board Member
10th to 25th percentile
$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.

Pay for the position

Highest Compensated Employee pay rose 8% from 2023 to 2024, while revenue rose 3%.

$182k in 2023 to $196k in 2024.
  • Chief Financial Officer pay rose 8% from 2023 to 2024.
  • Board Member pay rose 79% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

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.
FAQ

Common questions about ARROWHEAD ELECTRIC COOPERATIVE INC

What does the Highest Compensated Employee of ARROWHEAD ELECTRIC COOPERATIVE INC earn?

In 2024, the Highest Compensated Employee of ARROWHEAD ELECTRIC COOPERATIVE INC received $195,984 in total compensation. This pay is above the median (the midpoint) for Highest Compensated Employee roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.

How does Highest Compensated Employee pay at ARROWHEAD ELECTRIC COOPERATIVE INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Highest Compensated Employee at ARROWHEAD ELECTRIC COOPERATIVE INC falls between the median and the 75th percentile.

What are ARROWHEAD ELECTRIC COOPERATIVE INC's revenue and expenses?

In 2024, ARROWHEAD ELECTRIC COOPERATIVE INC reported $18M in total revenue and $14.9M in total expenses on its IRS Form 990.

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