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Filing year 2024

CONNEXUS ENERGY

Ramsey, Minnesota·EIN 41-0128105·501(c)(12)
Total revenue
$259M
Total assets
$493.8M
Total expenses
$259M
Reported officers
23
Mission

CONNEXUS ENERGY SERVES OUR MEMBERSHIP BY PROVIDING COST COMPETITIVE, RELIABLE ELECTRICITY AND RELATED SERVICES, WITH AN ENVIRONMENTAL COMMITMENT, AFFIRMING THE VALUE OF MEMBER COOPERATIVE OWNERSHIP.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 23 reported individuals · Filing year 2024

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

President/ceo Until 03/2024
Above 90th percentile
$558k
$595k
Base
$181k
Bonus
$335k
Other
$3k
Benefits
$6k
Vp/cfo
Officer (Unspecified)
$512k
$546k
Base
$355k
Bonus
$73k
Other
$11k
Benefits
$39k
President/ceo
Above 90th percentile
$478k
$510k
Base
$332k
Bonus
$66k
Other
$10k
Benefits
$38k
VP Electric Operations
Vice President
Above 90th percentile
$388k
$414k
Base
$232k
Bonus
$58k
Other
$2k
Benefits
$38k
VP Employee Services
Vice President
Above 90th percentile
$387k
$413k
Base
$233k
Bonus
$55k
Other
$2k
Benefits
$40k
VP Technology
Vice President
Above 90th percentile
$384k
$410k
Base
$234k
Bonus
$59k
Other
$3k
Benefits
$39k
President and CEO 03/2024-06/2024
Above 90th percentile
$320k
$341k
Base
$146k
Bonus
Other
$158k
Benefits
$7k
VP Member Services
Vice President
Above 90th percentile
$303k
$324k
Base
$193k
Bonus
$48k
Other
$1k
Benefits
$38k
Crew Lead
Highest Compensated Employee
75th to 90th percentile
$299k
$319k
Base
$210k
Bonus
$18k
Other
$5k
Benefits
$38k
Director, Engineering & System Ops
Highest Compensated Employee
75th to 90th percentile
$280k
$298k
Base
$183k
Bonus
$32k
Other
$1k
Benefits
$42k
Crew Lead
Highest Compensated Employee
75th to 90th percentile
$279k
$298k
Base
$200k
Bonus
$14k
Other
$3k
Benefits
$38k
Crew Lead
Highest Compensated Employee
75th to 90th percentile
$278k
$297k
Base
$203k
Bonus
$14k
Other
$3k
Benefits
$32k
Lead Lineworker
Highest Compensated Employee
75th to 90th percentile
$267k
$285k
Base
$211k
Bonus
$15k
Other
$5k
Benefits
$13k
Chair
Board Chair
Median to 75th percentile
$61k
$65k
Secretary/treasurer
Officer (Unspecified)
$49k
$53k
Asst. Secretary/treasurer
Officer (Unspecified)
$49k
$53k
Director
Board Member
Median to 75th percentile
$49k
$52k
Vice Chair
Board Vice Chair
75th to 90th percentile
$49k
$52k
Director From 04/2024
Board Member
Median to 75th percentile
$33k
$35k
Director From 04/2024
Board Member
Median to 75th percentile
$33k
$35k
Director From 04/2024
Board Member
Median to 75th percentile
$33k
$35k
Director Until 04/2024
Board Member
Median to 75th percentile
$16k
$17k
Director Until 04/2024
Board Member
Median to 75th percentile
$16k
$17k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Down 48%
from 2023

From $1.1M in 2023 to $558k in 2024.

$1.1M
2023
$558k
2024
In today's dollarsEst.
Down 49% in real terms$1.2M to $595k

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, 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 48% from 2023 to 2024, while revenue fell 1%.

$1.1M in 2023 to $558k in 2024.
  • Vice President pay rose 3% from 2023 to 2024.
  • Highest Compensated Employee pay fell 2% 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

CONNEXUS ENERGY reported revenue and expenses across 2 filing years.

RevenueExpenses
$260.9M
$260.9M
2023
$259M
$259M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about CONNEXUS ENERGY

What does the Chief Executive Officer of CONNEXUS ENERGY earn?

In 2024, the Chief Executive Officer of CONNEXUS ENERGY received $557,796 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 CONNEXUS ENERGY compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at CONNEXUS ENERGY falls in the top 10%.

What are CONNEXUS ENERGY's revenue and expenses?

In 2024, CONNEXUS ENERGY reported $259M in total revenue and $259M in total expenses on its IRS Form 990.

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CONNEXUS ENERGY | Executive Pay $16k-$558k | Lucido