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Filing year 2024

BLUE EARTH-NICOLLET-FARIBAULT COOPERATIVE ELECTRIC ASSOCIATION

Mankato, Minnesota·EIN 41-0155615·501(c)(12)
Total revenue
$53.2M
Total assets
$146.5M
Total expenses
$53.2M
Reported officers
16
Mission

TO SAFELY PROVIDE THE BEST POSSIBLE SERVICE, AT THE LOWEST POSSIBLE COST, CONSISTENT WITH SOUND BUSINESS MANAGEMENT.

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.

CEO
Above 90th percentile
$437k
$470k
Base
$280k
Bonus
Other
Benefits
$35k
Operations & Engineering Manager
Operations Manager
75th to 90th percentile
$221k
$238k
Base
$159k
Bonus
Other
Benefits
$33k
Crew Chief
Highest Compensated Employee
Median to 75th percentile
$196k
$210k
Base
$143k
Bonus
Other
Benefits
$16k
Crew Chief
Highest Compensated Employee
Median to 75th percentile
$190k
$205k
Base
$134k
Bonus
Other
Benefits
$33k
Crew Chief
Highest Compensated Employee
Median to 75th percentile
$186k
$200k
Base
$143k
Bonus
Other
Benefits
$16k
Finance Manager
75th to 90th percentile
$185k
$199k
Base
$133k
Bonus
Other
Benefits
$33k
Crew Chief
Highest Compensated Employee
25th percentile to median
$161k
$173k
Base
$131k
Bonus
Other
Benefits
$16k
Treasurer
Officer (Unspecified)
$19k
$21k
President
10th to 25th percentile
$19k
$21k
Secretary
Officer (Unspecified)
$17k
$19k
Vice President
25th percentile to median
$16k
$17k
Director
Board Member
25th percentile to median
$15k
$16k
Director
Board Member
25th percentile to median
$14k
$15k
Director
Board Member
25th percentile to median
$12k
$13k
Director
Board Member
25th percentile to median
$11k
$12k
Director
Board Member
25th percentile to median
$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
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.

Pay for the position

Chief Executive Officer pay fell 17% from 2021 to 2024, while revenue rose 7%.

$528k in 2021 to $437k in 2024.
  • Operations Manager pay rose 2% from 2021 to 2024.
  • Highest Compensated Employee pay rose 3% from 2021 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2021 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

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.
FAQ

Common questions about BLUE EARTH-NICOLLET-FARIBAULT COOPERATIVE ELECTRIC ASSOCIATION

What does the Chief Executive Officer of BLUE EARTH-NICOLLET-FARIBAULT COOPERATIVE ELECTRIC ASSOCIATION earn?

In 2024, the Chief Executive Officer of BLUE EARTH-NICOLLET-FARIBAULT COOPERATIVE ELECTRIC ASSOCIATION received $436,695 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at BLUE EARTH-NICOLLET-FARIBAULT COOPERATIVE ELECTRIC ASSOCIATION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at BLUE EARTH-NICOLLET-FARIBAULT COOPERATIVE ELECTRIC ASSOCIATION falls in the top 10%.

What are BLUE EARTH-NICOLLET-FARIBAULT COOPERATIVE ELECTRIC ASSOCIATION's revenue and expenses?

In 2024, BLUE EARTH-NICOLLET-FARIBAULT COOPERATIVE ELECTRIC ASSOCIATION reported $53.2M in total revenue and $53.2M in total expenses on its IRS Form 990.

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