Mission
WE ARE A MEMBER-OWNED, MEMBER-FOCUSED ELECTRIC DISTRIBUTION COOPERATIVE, STRIVING TO EXCEED OUR MEMBER'S ENERGY EXPECTATIONS IN A CHANGING WORLD.
Executive compensation, broken down
Form 990 · Schedule J · 25 reported individuals · Filing year 2024
$577k
$616k
- Base
- $478k
- Bonus
- —
- Other
- $13k
- Benefits
- $37k
Vp-engineering Services
key employee
$446k
$476k
- Base
- $259k
- Bonus
- $8k
- Other
- $19k
- Benefits
- $15k
Vp-financial Services/cfo
officer (unspecified)
$354k
$378k
- Base
- $257k
- Bonus
- $8k
- Other
- $20k
- Benefits
- $42k
Vp-utility Services
key employee
$337k
$360k
- Base
- $249k
- Bonus
- $8k
- Other
- $19k
- Benefits
- $35k
Vp-regulatory Services
key employee
$325k
$347k
- Base
- $234k
- Bonus
- $8k
- Other
- $19k
- Benefits
- $40k
Vp-energy & Member Services
key employee
$323k
$344k
- Base
- $234k
- Bonus
- $8k
- Other
- $17k
- Benefits
- $39k
Vp-information Services/cio
officer (unspecified)
$310k
$331k
- Base
- $249k
- Bonus
- $8k
- Other
- $22k
- Benefits
- $6k
Control Center Manager
highest compensated employee
$278k
$297k
- Base
- $170k
- Bonus
- $17k
- Other
- $5k
- Benefits
- $15k
Corporate Controller
highest compensated employee
$272k
$290k
- Base
- $172k
- Bonus
- $3k
- Other
- $4k
- Benefits
- $16k
Facilities & Tech Serv Mgr
highest compensated employee
$271k
$289k
- Base
- $179k
- Bonus
- —
- Other
- $6k
- Benefits
- $15k
Vp-people and Culture
key employee
$267k
$285k
- Base
- $228k
- Bonus
- $2k
- Other
- $20k
- Benefits
- $782
Financial Systems Operation Manager
highest compensated employee
$221k
$236k
- Base
- $155k
- Bonus
- $3k
- Other
- $2k
- Benefits
- $44k
Grid Modernization Manager
highest compensated employee
$221k
$235k
- Base
- $164k
- Bonus
- $2k
- Other
- $2k
- Benefits
- $34k
Chair
board chair
$46k
$49k
Director/treasurer (beg May)
officer (unspecified)
$35k
$38k
Director
board member
$35k
$38k
Director
board member
$35k
$38k
Director
board member
$35k
$38k
Director
board member
$35k
$38k
Director
board member
$35k
$38k
Director
board member
$35k
$38k
Vice Chair/director (beg May)
board member
$35k
$38k
Treasurer/vice Chair (beg May)
board chair
$35k
$38k
Secretary
officer (unspecified)
$35k
$38k
Director
board member
$30k
$31k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
CEO | $478k | — | $13k | $37k | $577k $616k |
Vp-engineering Services key employee | $259k | $8k | $19k | $15k | $446k $476k |
Vp-financial Services/cfo officer (unspecified) | $257k | $8k | $20k | $42k | $354k $378k |
Vp-utility Services key employee | $249k | $8k | $19k | $35k | $337k $360k |
Vp-regulatory Services key employee | $234k | $8k | $19k | $40k | $325k $347k |
Vp-energy & Member Services key employee | $234k | $8k | $17k | $39k | $323k $344k |
Vp-information Services/cio officer (unspecified) | $249k | $8k | $22k | $6k | $310k $331k |
Control Center Manager highest compensated employee | $170k | $17k | $5k | $15k | $278k $297k |
Corporate Controller highest compensated employee | $172k | $3k | $4k | $16k | $272k $290k |
Facilities & Tech Serv Mgr highest compensated employee | $179k | — | $6k | $15k | $271k $289k |
Vp-people and Culture key employee | $228k | $2k | $20k | $782 | $267k $285k |
Financial Systems Operation Manager highest compensated employee | $155k | $3k | $2k | $44k | $221k $236k |
Grid Modernization Manager highest compensated employee | $164k | $2k | $2k | $34k | $221k $235k |
Chair board chair | — | — | — | — | $46k $49k |
Director/treasurer (beg May) officer (unspecified) | — | — | — | — | $35k $38k |
Director board member | — | — | — | — | $35k $38k |
Director board member | — | — | — | — | $35k $38k |
Director board member | — | — | — | — | $35k $38k |
Director board member | — | — | — | — | $35k $38k |
Director board member | — | — | — | — | $35k $38k |
Director board member | — | — | — | — | $35k $38k |
Vice Chair/director (beg May) board member | — | — | — | — | $35k $38k |
Treasurer/vice Chair (beg May) board chair | — | — | — | — | $35k $38k |
Secretary officer (unspecified) | — | — | — | — | $35k $38k |
Director board member | — | — | — | — | $30k $31k |
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.
Up 31%
from 2023
From $439k in 2023 to $577k in 2024.
$439k
2023
$577k
2024
$439k
2023
$577k
2024
In today's dollarsEst.
Up 28% in real terms$480k to $616k
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.
Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend
Revenue and expenses over time
DAKOTA ELECTRIC ASSOCIATION reported revenue and expenses across 2 filing years.
RevenueExpenses
$231.6M
$221.6M
2023
$230M
$229.7M
2024
Total revenue and total expenses from IRS Form 990 filings.
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