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Filing year 2024

CENTRAL POWER ELECTRIC COOP INC

Minot, North Dakota·EIN 45-0226179·501(c)(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 · Part VII & Schedule J · 15 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

General Manager
Above 90th percentile
$964k
$1M
Base
$483k
Bonus
Other
$342k
Benefits
$32k
Manager of Operations and Engineering
Operations Manager
Above 90th percentile
$444k
$478k
Base
$314k
Bonus
Other
Benefits
$31k
CFO Manager of Accounting and Finance
Above 90th percentile
$417k
$448k
Base
$294k
Bonus
Other
Benefits
$31k
Chief Transmission Engineer
Highest Compensated Employee
75th to 90th percentile
$302k
$325k
Base
$207k
Bonus
Other
Benefits
$30k
Network Administrator
Highest Compensated Employee
75th to 90th percentile
$282k
$304k
Base
$192k
Bonus
Other
Benefits
$29k
Operations Superintendent
Highest Compensated Employee
75th to 90th percentile
$274k
$295k
Base
$185k
Bonus
Other
Benefits
$29k
Substation Engineer
Highest Compensated Employee
75th to 90th percentile
$273k
$294k
Base
$185k
Bonus
Other
Benefits
$29k
Chief Substation Engineer
Highest Compensated Employee
75th to 90th percentile
$272k
$292k
Base
$207k
Bonus
Other
Benefits
$2k
Vice President
Board Vice President
25th percentile to median
$20k
$22k
Director
Board Member
Median to 75th percentile
$19k
$20k
President
Board President
Median to 75th percentile
$18k
$20k
Director
Board Member
Median to 75th percentile
$18k
$19k
Secretary Treasurer
Board Treasurer
75th to 90th percentile
$16k
$17k
Director
Board Member
25th percentile to median
$15k
$16k
Director
Board Member
10th to 25th percentile
$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.

Pay for the position

General Manager pay rose 2% from 2023 to 2024, while revenue rose 1%.

$943k in 2023 to $964k in 2024.
  • Operations Manager pay rose 5% from 2023 to 2024.
  • Highest Compensated Employee pay rose 4% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 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

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.
FAQ

Common questions about CENTRAL POWER ELECTRIC COOP INC

What does the General Manager of CENTRAL POWER ELECTRIC COOP INC earn?

In 2024, the General Manager of CENTRAL POWER ELECTRIC COOP INC received $963,890 in total compensation. This pay is in the top 10% for General Manager roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does General Manager pay at CENTRAL POWER ELECTRIC COOP INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the General Manager at CENTRAL POWER ELECTRIC COOP INC falls in the top 10%.

What are CENTRAL POWER ELECTRIC COOP INC's revenue and expenses?

In 2024, CENTRAL POWER ELECTRIC COOP INC reported $190.9M in total revenue and $180.6M in total expenses on its IRS Form 990.

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