Black Hills Electric Cooperative is a non-profit member owned organization whose mission is to provide great electric distribution service at the lowest cost consistent with sound business practices.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 16 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
- Base
- $144k
- Bonus
- $200
- Other
- $7k
- Benefits
- $31k
- Base
- $119k
- Bonus
- $200
- Other
- $4k
- Benefits
- $30k
- Base
- $299k
- Bonus
- $200
- Other
- $22k
- Benefits
- $20k
- Base
- $161k
- Bonus
- $200
- Other
- $12k
- Benefits
- $31k
- Base
- $167k
- Bonus
- $200
- Other
- $5k
- Benefits
- $22k
- Base
- $121k
- Bonus
- $200
- Other
- $3k
- Benefits
- $30k
- Base
- $118k
- Bonus
- $200
- Other
- $5k
- Benefits
- $22k
- Base
- $116k
- Bonus
- $200
- Other
- $5k
- Benefits
- $22k
- Base
- $108k
- Bonus
- $200
- Other
- $621
- Benefits
- $30k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
System Coordinator Key Employee Above 90th percentile | $144k | $200 | $7k | $31k | $8.2M $8.8M |
IT Specialist Highest Compensated Employee Above 90th percentile | $119k | $200 | $4k | $30k | $7.3M $7.8M |
CEO Above 90th percentile | $299k | $200 | $22k | $20k | $440k $473k |
CFO 75th to 90th percentile | $161k | $200 | $12k | $31k | $260k $279k |
Manger of Operations Key Employee Median to 75th percentile | $167k | $200 | $5k | $22k | $231k $248k |
Dir of Communications-member Service Highest Compensated Employee Median to 75th percentile | $121k | $200 | $3k | $30k | $196k $211k |
Crew Foreman Highest Compensated Employee Median to 75th percentile | $118k | $200 | $5k | $22k | $186k $200k |
Crew Foreman Highest Compensated Employee Median to 75th percentile | $116k | $200 | $5k | $22k | $179k $193k |
Staking Tech Highest Compensated Employee Median to 75th percentile | $108k | $200 | $621 | $30k | $175k $188k |
Director Board Member Median to 75th percentile | — | — | — | — | $28k $30k |
Board President 25th percentile to median | — | — | — | — | $10k $10k |
Board Secretary Median to 75th percentile | — | — | — | — | $9k $9k |
Board Assistant Secretary Board Secretary Median to 75th percentile | — | — | — | — | $9k $9k |
Board Vice President Board President 25th percentile to median | — | — | — | — | $7k $8k |
Director Board Member 25th percentile to median | — | — | — | — | $7k $7k |
Board Treasurer Median to 75th percentile | — | — | — | — | $7k $7k |
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.
Top compensation, year by year
From $389k in 2023 to $8.2M in 2024.
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.
Key Employee pay rose 3477% from 2023 to 2024, while revenue rose 4%.
- Highest Compensated Employee pay rose 3170% from 2023 to 2024.
- Chief Executive Officer pay rose 13% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Revenue and expenses over time
BLACK HILLS ELECTRIC COOPERATIVE INC reported revenue and expenses across 2 filing years.
Common questions about BLACK HILLS ELECTRIC COOPERATIVE INC
What does the Key Employee of BLACK HILLS ELECTRIC COOPERATIVE INC earn?
In 2024, the Key Employee of BLACK HILLS ELECTRIC COOPERATIVE INC received $8,184,293 in total compensation. This pay is in the top 10% for Key Employee roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Key Employee pay at BLACK HILLS ELECTRIC COOPERATIVE INC compare with similar nonprofits?
Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Key Employee at BLACK HILLS ELECTRIC COOPERATIVE INC falls in the top 10%.
What are BLACK HILLS ELECTRIC COOPERATIVE INC's revenue and expenses?
In 2024, BLACK HILLS ELECTRIC COOPERATIVE INC reported $25.8M in total revenue and $21.6M in total expenses on its IRS Form 990.
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