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Filing year 2024

DOUGLAS ELECTRIC COOPERATIVE INC

Armour, South Dakota·EIN 46-0217086·501(c)(12)
Total revenue
$3.4M
Total assets
$10.1M
Total expenses
$3.4M
Reported officers
6
Mission

Dedicated to provide safe, low cost, reliable electricity to all our members.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 6 reported individuals · Filing year 2024

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

Manager
Key Employee
25th percentile to median
$99k
$106k
Base
$99k
Bonus
Other
Benefits
$26k
Vice President
Board Vice President
10th to 25th percentile
$7k
$8k
Treasurer
Board Treasurer
Median to 75th percentile
$6k
$7k
President
Board President
10th to 25th percentile
$5k
$5k
Secretary
Board Secretary
25th percentile to median
$4k
$5k
Director
Board Member
10th to 25th percentile
$4k
$4k

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.

Down 31%
from 2023

From $144k in 2023 to $99k in 2024.

$144k
2023
$99k
2024
In today's dollarsEst.
Down 33% in real terms$159k to $106k

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

Key Employee pay fell 31% from 2023 to 2024, while revenue rose 2%.

$144k in 2023 to $99k in 2024.
  • Board Vice President pay fell 16% from 2023 to 2024.
  • Board Treasurer pay rose 56% 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

DOUGLAS ELECTRIC COOPERATIVE INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$3.3M
$3.3M
2023
$3.4M
$3.4M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about DOUGLAS ELECTRIC COOPERATIVE INC

What does the Key Employee of DOUGLAS ELECTRIC COOPERATIVE INC earn?

In 2024, the Key Employee of DOUGLAS ELECTRIC COOPERATIVE INC received $98,566 in total compensation. This pay is below the median (the midpoint) for Key Employee roles among nonprofits nationwide, across all sectors, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Key Employee pay at DOUGLAS ELECTRIC COOPERATIVE INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Key Employee at DOUGLAS ELECTRIC COOPERATIVE INC falls between the 25th percentile and the median.

What are DOUGLAS ELECTRIC COOPERATIVE INC's revenue and expenses?

In 2024, DOUGLAS ELECTRIC COOPERATIVE INC reported $3.4M in total revenue and $3.4M in total expenses on its IRS Form 990.

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