Mission
GRAND ELECTRIC IS COMMITTED TO PROVIDE OUR MEMBERS AND EMPLOYEES WITH SOUND FINANCIAL MANAGEMENT, RELIABLE ENERGY AND SAFETY AS OUR HIGHEST PRIORITY.
Executive compensation, broken down
Form 990 · Schedule J · 17 reported individuals · Filing year 2024
Manager-telecom Operations
highest compensated employee
$182k
$196k
- Base
- $109k
- Bonus
- $450
- Other
- $836
- Benefits
- $39k
Manager-electric Operation
highest compensated employee
$180k
$193k
- Base
- $114k
- Bonus
- $450
- Other
- $364
- Benefits
- $33k
Lineman
highest compensated employee
$171k
$184k
- Base
- $113k
- Bonus
- $450
- Other
- $423
- Benefits
- $26k
General Manager
officer (unspecified)
$166k
$179k
- Base
- $102k
- Bonus
- $225
- Other
- $6k
- Benefits
- $18k
Electric Area Foreman
highest compensated employee
$152k
$164k
- Base
- $117k
- Bonus
- $450
- Other
- $267
- Benefits
- $15k
Electric Area Foreman
highest compensated employee
$136k
$147k
Director of Finance
$97k
$104k
Vice President
vice president
$13k
$14k
Director
board member
$12k
$13k
Director
board member
$11k
$12k
Director
board member
$11k
$12k
President
$11k
$11k
Director
board member
$9k
$10k
Treasurer
officer (unspecified)
$8k
$8k
Director (beg June)
board member
$8k
$8k
Secretary
officer (unspecified)
$7k
$7k
Director (end June)
board member
$4k
$4k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Manager-telecom Operations highest compensated employee | $109k | $450 | $836 | $39k | $182k $196k |
Manager-electric Operation highest compensated employee | $114k | $450 | $364 | $33k | $180k $193k |
Lineman highest compensated employee | $113k | $450 | $423 | $26k | $171k $184k |
General Manager officer (unspecified) | $102k | $225 | $6k | $18k | $166k $179k |
Electric Area Foreman highest compensated employee | $117k | $450 | $267 | $15k | $152k $164k |
Electric Area Foreman highest compensated employee | — | — | — | — | $136k $147k |
Director of Finance | — | — | — | — | $97k $104k |
Vice President vice president | — | — | — | — | $13k $14k |
Director board member | — | — | — | — | $12k $13k |
Director board member | — | — | — | — | $11k $12k |
Director board member | — | — | — | — | $11k $12k |
President | — | — | — | — | $11k $11k |
Director board member | — | — | — | — | $9k $10k |
Treasurer officer (unspecified) | — | — | — | — | $8k $8k |
Director (beg June) board member | — | — | — | — | $8k $8k |
Secretary officer (unspecified) | — | — | — | — | $7k $7k |
Director (end June) board member | — | — | — | — | $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.
Fell 15%
over 3 years
From $214k in 2021 to $182k in 2024.
$214k
2021
$171k
2023
$182k
2024
$214k
2021
$171k
2023
$182k
2024
In today's dollarsEst.
Down 26% in real terms$265k to $196k
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
GRAND ELECTRIC COOPERATIVE INC reported revenue and expenses across 3 filing years.
RevenueExpenses
$13.1M
$12M
2021
$13.8M
$13.4M
2023
$13.8M
$13.4M
2024
Total revenue and total expenses from IRS Form 990 filings.
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