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Filing year 2024

FEM ELECTRIC ASSOCIATION INC

Ipswich, South Dakota·EIN 46-0213171·NTEE Z99 · Unknown·12
Total revenue
$18.2M
Total assets
$49.4M
Total expenses
$17M
Reported officers
10
Mission

TO ENHANCE THE QUALITY OF LIFE OF OUR MEMBERS, BY SAFELY PROVIDING RELIABLE, COST-EFFICIENT ELECTRICITY AND OTHER SERVICES.

Executive compensation, broken down

Form 990 · Schedule J · 10 reported individuals · Filing year 2024

General Manager/ceo
officer (unspecified)
$309k
$333k
Base
$173k
Bonus
Other
Benefits
$40k
Line Foreman
highest compensated employee
$197k
$212k
Base
$102k
Bonus
Other
$1k
Benefits
$38k
Director of Finance & Benefits
$194k
$208k
Base
$119k
Bonus
Other
$540
Benefits
$40k
Electrical Dept Manager
highest compensated employee
$175k
$188k
Base
$109k
Bonus
$1k
Other
Benefits
$38k
Operations Manager
highest compensated employee
$172k
$186k
Base
$112k
Bonus
Other
$660
Benefits
$35k
Vice President
vice president
$7k
$8k
Treasurer
officer (unspecified)
$7k
$8k
Assistant Secretary/treasurer
officer (unspecified)
$6k
$6k
Secretary
officer (unspecified)
$5k
$5k

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.

Browse compensation in organizationPage.redesign.benchmarkBuilder.ntee.Z

Up 7%
from 2023

From $290k in 2023 to $309k in 2024.

$290k
2023
$309k
2024
In today's dollarsEst.
Up 4% in real terms$320k to $333k

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.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

FEM ELECTRIC ASSOCIATION INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$18.1M
$16.7M
2023
$18.2M
$17M
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What organizationPage.redesign.benchmarkBuilder.ntee.Z executives earn

Comparable organizationpage.redesign.benchmarkbuilder.ntee.z organizations nationwide pay their highest-earning executive a median of $68,938.

25th percentile
$25k
Median
$68,938
75th percentile
$137k
90th percentile
$262k

These are organizationpage.redesign.benchmarkbuilder.ntee.z sector-wide figures, not this organization's reported pay. Based on 499 organizations across 499 filings (2021 – 2023).

See full organizationPage.redesign.benchmarkBuilder.ntee.Z compensation data
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