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Filing year 2024

CENTRAL POWER ELECTRIC COOP INC

Minot, North Dakota·EIN 45-0226179·12
Total revenue
$190.9M
Total assets
$510.5M
Total expenses
$180.6M
Reported officers
15
Mission

To assist our member systems to become electric suppliers of choice by serving as a leading and unifying force among our membership providing reliable economical and efficient electric supply and performing those functions that can most efficiently be provided as a united effort.

Executive compensation, broken down

Form 990 · Schedule J · 15 reported individuals · Filing year 2024

General Manager
officer (unspecified)
$964k
$1M
Base
$483k
Bonus
Other
$342k
Benefits
$32k
Manager of Operations and Engineering
key employee
$444k
$478k
Base
$314k
Bonus
Other
Benefits
$31k
CFO Manager of Accounting and Finance
$417k
$448k
Base
$294k
Bonus
Other
Benefits
$31k
Chief Transmission Engineer
highest compensated employee
$302k
$325k
Base
$207k
Bonus
Other
Benefits
$30k
Network Administrator
highest compensated employee
$282k
$304k
Base
$192k
Bonus
Other
Benefits
$29k
Operations Superintendent
highest compensated employee
$274k
$295k
Base
$185k
Bonus
Other
Benefits
$29k
Substation Engineer
highest compensated employee
$273k
$294k
Base
$185k
Bonus
Other
Benefits
$29k
Chief Substation Engineer
highest compensated employee
$272k
$292k
Base
$207k
Bonus
Other
Benefits
$2k
Vice President
vice president
$20k
$22k
Director
board member
$19k
$20k
President
board president
$18k
$20k
Director
board member
$18k
$19k
Secretary Treasurer
board treasurer
$16k
$17k
Director
board member
$15k
$16k
Director
board member
$2k
$2k

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 2%
from 2023

From $943k in 2023 to $964k in 2024.

$943k
2023
$964k
2024
In today's dollarsEst.
Roughly flat in real terms$1M to $1M

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

CENTRAL POWER ELECTRIC COOP INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$188.2M
$173.8M
2023
$190.9M
$180.6M
2024
Total revenue and total expenses from IRS Form 990 filings.
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