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Filing year 2024

ITASCA-MANTRAP CO-OP ELECTRICAL ASS'N

Park Rapids, Minnesota·EIN 41-0330817·501(c)(12)
Total revenue
$32.6M
Total assets
$75.6M
Total expenses
$32.6M
Reported officers
18
Mission

DISTRIBUTE ELECTRIC ENERGY TO MEMBERS.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 18 reported individuals · Filing year 2024

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

President & CEO
75th to 90th percentile
$283k
$304k
Base
$225k
Bonus
Other
$10k
Benefits
$31k
Operations Manager - Former Officer
Operations Manager
Above 90th percentile
$246k
$264k
Base
$131k
Bonus
Other
$615
Benefits
$22k
Director of Operations
Median to 75th percentile
$185k
$199k
Base
$149k
Bonus
Other
$2k
Benefits
$18k
Lead Lineman
Highest Compensated Employee
Median to 75th percentile
$178k
$191k
Base
$122k
Bonus
Other
$587
Benefits
$23k
Journeyman Lineman
Highest Compensated Employee
25th percentile to median
$159k
$171k
Base
$125k
Bonus
Other
$354
Benefits
$20k
Journeyman
Highest Compensated Employee
25th percentile to median
$157k
$168k
Base
$121k
Bonus
Other
$261
Benefits
$22k
Journeyman
Highest Compensated Employee
25th percentile to median
$154k
$166k
Base
$120k
Bonus
Other
$274
Benefits
$20k
Lead Lineman
Highest Compensated Employee
25th percentile to median
$147k
$158k
Marketing/member Services Manager
Officer (Unspecified)
$137k
$148k
CFO
Median to 75th percentile
$115k
$123k
President & CEO
10th to 25th percentile
$28k
$30k
Secretary
Board Secretary
Median to 75th percentile
$14k
$15k
Chair
Board Chair
25th percentile to median
$13k
$14k
Vice Chair
Board Vice Chair
25th percentile to median
$12k
$13k
Treasurer
Board Treasurer
Median to 75th percentile
$12k
$12k
Assistant Secretary/treasurer
Board Treasurer
Median to 75th percentile
$11k
$12k
Director
Board Member
25th percentile to median
$11k
$12k
Director
Board Member
25th percentile to median
$11k
$12k

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 7%
from 2023

From $265k in 2023 to $283k in 2024.

$265k
2023
$283k
2024
In today's dollarsEst.
Up 4% in real terms$292k to $304k

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

Chief Executive Officer pay rose 7% from 2023 to 2024, while revenue rose 3%.

$265k in 2023 to $283k in 2024.
  • Operations Manager pay rose 11% from 2023 to 2024.
  • Chief Operating Officer pay rose 23% 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

ITASCA-MANTRAP CO-OP ELECTRICAL ASS'N reported revenue and expenses across 2 filing years.

RevenueExpenses
$31.5M
$31.5M
2023
$32.6M
$32.6M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about ITASCA-MANTRAP CO-OP ELECTRICAL ASS'N

What does the Chief Executive Officer of ITASCA-MANTRAP CO-OP ELECTRICAL ASS'N earn?

In 2024, the Chief Executive Officer of ITASCA-MANTRAP CO-OP ELECTRICAL ASS'N received $282,938 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among nonprofits nationwide, across all sectors, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at ITASCA-MANTRAP CO-OP ELECTRICAL ASS'N compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at ITASCA-MANTRAP CO-OP ELECTRICAL ASS'N falls between the 75th and 90th percentiles.

What are ITASCA-MANTRAP CO-OP ELECTRICAL ASS'N's revenue and expenses?

In 2024, ITASCA-MANTRAP CO-OP ELECTRICAL ASS'N reported $32.6M in total revenue and $32.6M in total expenses on its IRS Form 990.

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