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Filing year 2024

CLEARWATER-POLK ELECTRIC COOPERATIVE INC

Bagley, Minnesota·EIN 41-0654789·501(c)(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 · Part VII & Schedule J · 17 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
75th to 90th percentile
$345k
$371k
Base
$185k
Bonus
Other
$897
Benefits
$26k
Operations Manager
75th to 90th percentile
$198k
$213k
Base
$112k
Bonus
Other
$2k
Benefits
$34k
Line Foreman
Highest Compensated Employee
25th percentile to median
$164k
$177k
Base
$104k
Bonus
Other
$428
Benefits
$33k
Line Foreman
Highest Compensated Employee
25th percentile to median
$160k
$172k
Base
$116k
Bonus
Other
$167
Benefits
$31k
Lead Lineman
Highest Compensated Employee
25th percentile to median
$146k
$157k
Office and Finance Manager
Office Manager
75th to 90th percentile
$144k
$155k
Journeyman Lineman
Highest Compensated Employee
25th percentile to median
$137k
$147k
Member Service Manager
Officer (Unspecified)
$133k
$143k
Lineman
Highest Compensated Employee
25th percentile to median
$131k
$141k
Director
Board Member
25th percentile to median
$8k
$9k
President/director
Below 10th percentile
$6k
$7k
Director
Board Member
25th percentile to median
$6k
$6k
Vice President/director
Below 10th percentile
$6k
$6k
Director
Board Member
25th percentile to median
$4k
$5k
Director (start Apr 2024)
Board Member
10th to 25th percentile
$3k
$3k
Secretary/treasurer
Officer (Unspecified)
$3k
$3k
Director (through March 2024)
Board Member
Below 10th percentile
$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.

Pay for the position

General Manager pay rose 10% from 2023 to 2024, while revenue fell 1%.

$313k in 2023 to $345k in 2024.
  • Operations Manager pay rose 5% from 2023 to 2024.
  • Highest Compensated Employee pay rose 43% 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

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.
FAQ

Common questions about CLEARWATER-POLK ELECTRIC COOPERATIVE INC

What does the General Manager of CLEARWATER-POLK ELECTRIC COOPERATIVE INC earn?

In 2024, the General Manager of CLEARWATER-POLK ELECTRIC COOPERATIVE INC received $344,878 in total compensation. This pay is in the top quarter for General Manager roles among nonprofits nationwide, across all sectors, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does General Manager pay at CLEARWATER-POLK ELECTRIC COOPERATIVE INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the General Manager at CLEARWATER-POLK ELECTRIC COOPERATIVE INC falls between the 75th and 90th percentiles.

What are CLEARWATER-POLK ELECTRIC COOPERATIVE INC's revenue and expenses?

In 2024, CLEARWATER-POLK ELECTRIC COOPERATIVE INC reported $10.3M in total revenue and $10.2M in total expenses on its IRS Form 990.

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