Mission
TO SAFELY PROVIDE THE BEST POSSIBLE SERVICE, AT THE LOWEST POSSIBLE COST, CONSISTENT WITH SOUND BUSINESS MANAGEMENT.
Executive compensation, broken down
Form 990 · Schedule J · 16 reported individuals · Filing year 2024
$437k
$470k
- Base
- $280k
- Bonus
- —
- Other
- —
- Benefits
- $35k
Operations & Engineering Manager
highest compensated employee
$221k
$238k
- Base
- $159k
- Bonus
- —
- Other
- —
- Benefits
- $33k
Crew Chief
highest compensated employee
$196k
$210k
- Base
- $143k
- Bonus
- —
- Other
- —
- Benefits
- $16k
Crew Chief
highest compensated employee
$190k
$205k
- Base
- $134k
- Bonus
- —
- Other
- —
- Benefits
- $33k
Crew Chief
highest compensated employee
$186k
$200k
- Base
- $143k
- Bonus
- —
- Other
- —
- Benefits
- $16k
Finance Manager
officer (unspecified)
$185k
$199k
- Base
- $133k
- Bonus
- —
- Other
- —
- Benefits
- $33k
Crew Chief
highest compensated employee
$161k
$173k
- Base
- $131k
- Bonus
- —
- Other
- —
- Benefits
- $16k
Treasurer
officer (unspecified)
$19k
$21k
President
$19k
$21k
Secretary
officer (unspecified)
$17k
$19k
Vice President
vice president
$16k
$17k
Director
board member
$15k
$16k
Director
board member
$14k
$15k
Director
board member
$12k
$13k
Director
board member
$11k
$12k
Director
board member
$11k
$12k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
CEO | $280k | — | — | $35k | $437k $470k |
Operations & Engineering Manager highest compensated employee | $159k | — | — | $33k | $221k $238k |
Crew Chief highest compensated employee | $143k | — | — | $16k | $196k $210k |
Crew Chief highest compensated employee | $134k | — | — | $33k | $190k $205k |
Crew Chief highest compensated employee | $143k | — | — | $16k | $186k $200k |
Finance Manager officer (unspecified) | $133k | — | — | $33k | $185k $199k |
Crew Chief highest compensated employee | $131k | — | — | $16k | $161k $173k |
Treasurer officer (unspecified) | — | — | — | — | $19k $21k |
President | — | — | — | — | $19k $21k |
Secretary officer (unspecified) | — | — | — | — | $17k $19k |
Vice President vice president | — | — | — | — | $16k $17k |
Director board member | — | — | — | — | $15k $16k |
Director board member | — | — | — | — | $14k $15k |
Director board member | — | — | — | — | $12k $13k |
Director board member | — | — | — | — | $11k $12k |
Director board member | — | — | — | — | $11k $12k |
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.
Fell 17%
over 3 years
From $528k in 2021 to $437k in 2024.
$528k
2021
$413k
2023
$437k
2024
$528k
2021
$413k
2023
$437k
2024
In today's dollarsEst.
Down 28% in real terms$654k to $470k
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
BLUE EARTH-NICOLLET-FARIBAULT COOPERATIVE ELECTRIC ASSOCIATION reported revenue and expenses across 3 filing years.
RevenueExpenses
$49.7M
$45.9M
2021
$53.9M
$53.9M
2023
$53.2M
$53.2M
2024
Total revenue and total expenses from IRS Form 990 filings.
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