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Filing year 2024

DAKOTA ELECTRIC ASSOCIATION

Farmington, Minnesota·EIN 41-0212180·501(c)(12)
Total revenue
$230M
Total assets
$421.7M
Total expenses
$229.7M
Reported officers
25
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 · Part VII & Schedule J · 25 reported individuals · Filing year 2024

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

CEO
Above 90th percentile
$577k
$616k
Base
$478k
Bonus
Other
$13k
Benefits
$37k
Vp-engineering Services
Key Employee
Above 90th percentile
$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
75th to 90th percentile
$337k
$360k
Base
$249k
Bonus
$8k
Other
$19k
Benefits
$35k
Vp-regulatory Services
Key Employee
75th to 90th percentile
$325k
$347k
Base
$234k
Bonus
$8k
Other
$19k
Benefits
$40k
Vp-energy & Member Services
Key Employee
75th to 90th percentile
$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
75th to 90th percentile
$278k
$297k
Base
$170k
Bonus
$17k
Other
$5k
Benefits
$15k
Corporate Controller
Controller
Above 90th percentile
$272k
$290k
Base
$172k
Bonus
$3k
Other
$4k
Benefits
$16k
Facilities & Tech Serv Mgr
Highest Compensated Employee
75th to 90th percentile
$271k
$289k
Base
$179k
Bonus
Other
$6k
Benefits
$15k
Vp-people and Culture
Key Employee
75th to 90th percentile
$267k
$285k
Base
$228k
Bonus
$2k
Other
$20k
Benefits
$782
Financial Systems Operation Manager
Operations Manager
75th to 90th percentile
$221k
$236k
Base
$155k
Bonus
$3k
Other
$2k
Benefits
$44k
Grid Modernization Manager
Highest Compensated Employee
Median to 75th percentile
$221k
$235k
Base
$164k
Bonus
$2k
Other
$2k
Benefits
$34k
Chair
Board Chair
Median to 75th percentile
$46k
$49k
Vice Chair/director (beg May)
Board Member
Median to 75th percentile
$35k
$38k
Secretary
Officer (Unspecified)
$35k
$38k
Director/treasurer (beg May)
Officer (Unspecified)
$35k
$38k
Director
Board Member
Median to 75th percentile
$35k
$38k
Director
Board Member
Median to 75th percentile
$35k
$38k
Director
Board Member
Median to 75th percentile
$35k
$38k
Director
Board Member
Median to 75th percentile
$35k
$38k
Treasurer/vice Chair (beg May)
Board Chair
Median to 75th percentile
$35k
$38k
Director
Board Member
Median to 75th percentile
$35k
$38k
Director
Board Member
Median to 75th percentile
$35k
$38k
Director
Board Member
Median to 75th percentile
$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
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.

Pay for the position

Chief Executive Officer pay rose 31% from 2023 to 2024, while revenue fell 1%.

$439k in 2023 to $577k in 2024.
  • Key Employee pay rose 10% from 2023 to 2024.
  • Highest Compensated Employee pay fell 5% 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

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.
FAQ

Common questions about DAKOTA ELECTRIC ASSOCIATION

What does the Chief Executive Officer of DAKOTA ELECTRIC ASSOCIATION earn?

In 2024, the Chief Executive Officer of DAKOTA ELECTRIC ASSOCIATION received $577,201 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 DAKOTA ELECTRIC ASSOCIATION compare with similar nonprofits?

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

What are DAKOTA ELECTRIC ASSOCIATION's revenue and expenses?

In 2024, DAKOTA ELECTRIC ASSOCIATION reported $230M in total revenue and $229.7M in total expenses on its IRS Form 990.

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