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Filing year 2024

GOODHUE COUNTY COOPERATIVE ELECTRIC ASSOCIATION

Zumbrota, Minnesota·EIN 41-0281425·501(c)(12)
Total revenue
$14M
Total assets
$45.2M
Total expenses
$14M
Reported officers
16
Mission

TO BE THE PROVIDER OF CHOICE FOR RELIABLE, COMPETITIVELY PRICED ENERGY AND OTHER SERVICES THAT BENEFIT THE COOPERATIVE MEMBERS.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 16 reported individuals · Filing year 2024

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

Line Superin
Highest Compensated Employee
Median to 75th percentile
$217k
$233k
Base
$120k
Bonus
Other
Benefits
$39k
Foreman
Highest Compensated Employee
Median to 75th percentile
$191k
$205k
Base
$121k
Bonus
Other
Benefits
$34k
General Mana
General Manager
Median to 75th percentile
$186k
$200k
Base
$143k
Bonus
Other
Benefits
$18k
Foreman
Highest Compensated Employee
Median to 75th percentile
$166k
$179k
Base
$129k
Bonus
Other
Benefits
$15k
Lineman
Highest Compensated Employee
25th percentile to median
$163k
$176k
Base
$118k
Bonus
Other
Benefits
$32k
Lineman
Highest Compensated Employee
25th percentile to median
$158k
$170k
Base
$114k
Bonus
Other
Benefits
$34k
Finance Mana
Finance Manager
75th to 90th percentile
$148k
$159k
Director
Board Member
25th percentile to median
$6k
$7k
President
Below 10th percentile
$5k
$5k
Director
Board Member
25th percentile to median
$5k
$5k
Director
Board Member
25th percentile to median
$5k
$5k
Secretary
Officer (Unspecified)
$4k
$5k
Vice Preside
Vice President
10th to 25th percentile
$4k
$5k
Director
Board Member
10th to 25th percentile
$4k
$5k
Director
Board Member
10th to 25th percentile
$4k
$4k
Treasurer
Officer (Unspecified)
$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.

Up 12%
from 2023

From $194k in 2023 to $217k in 2024.

$194k
2023
$217k
2024
In today's dollarsEst.
Up 9% in real terms$214k to $233k

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

Highest Compensated Employee pay rose 12% from 2023 to 2024, while revenue held roughly steady.

$194k in 2023 to $217k in 2024.
  • General Manager pay rose 6% from 2023 to 2024.
  • Finance Manager pay rose 11% 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

GOODHUE COUNTY COOPERATIVE ELECTRIC ASSOCIATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$14M
$14M
2023
$14M
$14M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about GOODHUE COUNTY COOPERATIVE ELECTRIC ASSOCIATION

What does the Highest Compensated Employee of GOODHUE COUNTY COOPERATIVE ELECTRIC ASSOCIATION earn?

In 2024, the Highest Compensated Employee of GOODHUE COUNTY COOPERATIVE ELECTRIC ASSOCIATION received $216,686 in total compensation. This pay is above the median (the midpoint) for Highest Compensated Employee roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.

How does Highest Compensated Employee pay at GOODHUE COUNTY COOPERATIVE ELECTRIC ASSOCIATION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Highest Compensated Employee at GOODHUE COUNTY COOPERATIVE ELECTRIC ASSOCIATION falls between the median and the 75th percentile.

What are GOODHUE COUNTY COOPERATIVE ELECTRIC ASSOCIATION's revenue and expenses?

In 2024, GOODHUE COUNTY COOPERATIVE ELECTRIC ASSOCIATION reported $14M in total revenue and $14M in total expenses on its IRS Form 990.

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