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Filing year 2024

CLEARWATER-POLK ELECTRIC COOPERATIVE INC

Bagley, Minnesota·EIN 41-0654789·12
Total revenue
$10.3M
Total assets
$23.4M
Total expenses
$10.2M
Reported officers
17
Mission

CLEARWATER-POLK ELECTRIC COOPERATIVE WILL STRIVE TO PROVIDE ECONOMICAL AND RELIABLE ENERGY SERVICES WHILE ENSURING THE SAFETY AND WELL-BEING OF OUR EMPLOYEES AND MEMBERS WITH CONSIDERATION FOR THE ENVIRONMENT.

Executive compensation, broken down

Form 990 · Schedule J · 17 reported individuals · Filing year 2024

General Manager
officer (unspecified)
$345k
$371k
Base
$185k
Bonus
Other
$897
Benefits
$26k
Operations Manager
officer (unspecified)
$198k
$213k
Base
$112k
Bonus
Other
$2k
Benefits
$34k
Line Foreman
highest compensated employee
$164k
$177k
Base
$104k
Bonus
Other
$428
Benefits
$33k
Line Foreman
highest compensated employee
$160k
$172k
Base
$116k
Bonus
Other
$167
Benefits
$31k
Lead Lineman
highest compensated employee
$146k
$157k
Office and Finance Manager
officer (unspecified)
$144k
$155k
Journeyman Lineman
highest compensated employee
$137k
$147k
Member Service Manager
officer (unspecified)
$133k
$143k
Lineman
highest compensated employee
$131k
$141k
Director
board member
$8k
$9k
President/director
$6k
$7k
Director
board member
$6k
$6k
Vice President/director
$6k
$6k
Director
board member
$4k
$5k
Director (start Apr 2024)
board member
$3k
$3k
Secretary/treasurer
officer (unspecified)
$3k
$3k
Director (through March 2024)
board member
$1k
$1k

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 10%
from 2023

From $313k in 2023 to $345k in 2024.

$313k
2023
$345k
2024
In today's dollarsEst.
Up 7% in real terms$346k to $371k

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

CLEARWATER-POLK ELECTRIC COOPERATIVE INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$10.4M
$10.2M
2023
$10.3M
$10.2M
2024
Total revenue and total expenses from IRS Form 990 filings.
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