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Filing year 2024

BELTRAMI ELECTRIC COOPERATIVE INC

Bemidji, Minnesota·EIN 41-0144943·12
Total revenue
$61.3M
Total assets
$139.1M
Total expenses
$60.4M
Reported officers
16
Mission

TO PROVIDE EXCELLENT VALUE TO OUR MEMBERS THROUGH THE SAFE DELIVERY OF RELIABLE ELECTRIC SERVICE, EXCELLENT MEMBER SERVICE, AND INNOVATIVE ENERGY SOLUTIONS AT FAIR AND REASONABLE PRICES.

Executive compensation, broken down

Form 990 · Schedule J · 16 reported individuals · Filing year 2024

Base
$310k
Bonus
$200
Other
$2k
Benefits
$29k
Director of Finance & Corporate Services
$348k
$374k
Base
$174k
Bonus
$200
Other
$2k
Benefits
$33k
Manager of Operations
highest compensated employee
$249k
$268k
Base
$142k
Bonus
$200
Other
$1k
Benefits
$27k
Manager of Engineering
highest compensated employee
$248k
$267k
Base
$163k
Bonus
$200
Other
$820
Benefits
$28k
VP of Electrification & Member Experience
vice president
$241k
$259k
Base
$172k
Bonus
$200
Other
$2k
Benefits
$33k
Line Foreman
highest compensated employee
$173k
$187k
Base
$138k
Bonus
$200
Other
$2k
Benefits
$10k
Line Foreman
highest compensated employee
$169k
$182k
Base
$134k
Bonus
$200
Other
$2k
Benefits
$14k
Chair/director
board member
$26k
$27k
Vice Chair/director
board member
$16k
$17k
Director
board member
$16k
$17k
Director
board member
$15k
$16k
Treasurer/director
board member
$14k
$15k
Secretary/director
board member
$14k
$15k
Director
board member
$12k
$13k
Director
board member
$11k
$12k
Director
board member
$8k
$9k

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 10%
from 2023

From $405k in 2023 to $446k in 2024.

$405k
2023
$446k
2024
In today's dollarsEst.
Up 7% in real terms$447k to $480k

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

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

RevenueExpenses
$62.5M
$61.6M
2023
$61.3M
$60.4M
2024
Total revenue and total expenses from IRS Form 990 filings.
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