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Filing year 2024

LACREEK ELECTRIC ASSOCIATION INC

Martin, South Dakota·EIN 46-0218629·12
Total revenue
$16.9M
Total assets
$68.2M
Total expenses
$16.5M
Reported officers
20
Mission

TO PROVIDE OUR SERVICE TERRITORY WITH SAFE AND RELIABLE SERVICE AT THE LOWEST POSSIBLE COST, WHILE ADVANCING THE QUALITY OF LIFE BY STAYING ABREAST OF THE LATEST TECHNOLOGY AVAILABLE IN OUR INDUSTRY.

Executive compensation, broken down

Form 990 · Schedule J · 20 reported individuals · Filing year 2024

General Manager
officer (unspecified)
$220k
$237k
Base
$142k
Bonus
$271
Other
$1k
Benefits
$37k
Line Superintendent
highest compensated employee
$170k
$183k
Base
$119k
Bonus
$271
Other
$5k
Benefits
$18k
Line Forman
highest compensated employee
$163k
$175k
Base
$113k
Bonus
$271
Other
$325
Benefits
$32k
Journeyman Lineman
highest compensated employee
$153k
$165k
Base
$104k
Bonus
$271
Other
$300
Benefits
$35k
Journeyman Lineman
highest compensated employee
$150k
$161k
Base
$104k
Bonus
$271
Other
$168
Benefits
$32k
Journeyman Lineman
highest compensated employee
$143k
$154k
Finance Manager
officer (unspecified)
$130k
$139k
Board Member
board member
$8k
$9k
Board Member
board member
$7k
$7k
Board Member
board member
$7k
$7k
Treasurer
officer (unspecified)
$7k
$7k
Board Member
board member
$6k
$7k
Board Member
board member
$5k
$6k
Board Member
board member
$5k
$5k
Board Member
board member
$5k
$5k
Board Member
board member
$5k
$5k
Board Member
board member
$4k
$5k
Secretary
officer (unspecified)
$4k
$4k
Vice President
vice president
$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 8%
from 2023

From $204k in 2023 to $220k in 2024.

$204k
2023
$220k
2024
In today's dollarsEst.
Up 5% in real terms$225k to $237k

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

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

RevenueExpenses
$16.5M
$16M
2023
$16.9M
$16.5M
2024
Total revenue and total expenses from IRS Form 990 filings.
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