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Filing year 2024

GOODHUE COUNTY COOPERATIVE ELECTRIC ASSOCIATION

Zumbrota, Minnesota·EIN 41-0281425·12
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 · Schedule J · 16 reported individuals · Filing year 2024

Line Superin
highest compensated employee
$217k
$233k
Base
$120k
Bonus
Other
Benefits
$39k
Foreman
highest compensated employee
$191k
$205k
Base
$121k
Bonus
Other
Benefits
$34k
General Mana
officer (unspecified)
$186k
$200k
Base
$143k
Bonus
Other
Benefits
$18k
Foreman
highest compensated employee
$166k
$179k
Base
$129k
Bonus
Other
Benefits
$15k
Lineman
highest compensated employee
$163k
$176k
Base
$118k
Bonus
Other
Benefits
$32k
Lineman
highest compensated employee
$158k
$170k
Base
$114k
Bonus
Other
Benefits
$34k
Finance Mana
officer (unspecified)
$148k
$159k
Director
board member
$6k
$7k
Director
board member
$5k
$5k
Director
board member
$5k
$5k
Vice Preside
vice president
$4k
$5k
Secretary
officer (unspecified)
$4k
$5k
Director
board member
$4k
$5k
Director
board member
$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.

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.
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