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Filing year 2024

LAKE COUNTRY POWER

Cohasset, Minnesota·EIN 41-1857633·501(c)(12)
Total revenue
$114.8M
Total assets
$412.4M
Total expenses
$114.8M
Reported officers
17
Mission

TO ENHANCE OUR COMMUNITIES BY PROVIDING SAFE, RELIABLE, AND AFFORDABLE ENERGY SERVICES TO OUR MEMBERS.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 17 reported individuals · Filing year 2024

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

General Manager
Above 90th percentile
$461k
$496k
Base
$376k
Bonus
Other
Benefits
$10k
Chief Operating Officer
Above 90th percentile
$335k
$360k
Base
$245k
Bonus
Other
Benefits
$20k
Director of Safety & Risk Management
Highest Compensated Employee
75th to 90th percentile
$278k
$300k
Base
$202k
Bonus
Other
Benefits
$27k
Chief Financial Officer
75th to 90th percentile
$268k
$288k
Base
$221k
Bonus
Other
Benefits
$1k
Human Resources Director
Highest Compensated Employee
75th to 90th percentile
$254k
$273k
Base
$176k
Bonus
Other
Benefits
$27k
Area Supervisor
Highest Compensated Employee
Median to 75th percentile
$220k
$236k
Base
$163k
Bonus
Other
Benefits
$26k
Crew Chief
Highest Compensated Employee
Median to 75th percentile
$194k
$209k
Base
$158k
Bonus
Other
Benefits
$26k
Crew Chief
Highest Compensated Employee
Median to 75th percentile
$191k
$206k
Base
$166k
Bonus
Other
Benefits
$26k
Director
Board Member
Median to 75th percentile
$18k
$20k
President
Board President
Median to 75th percentile
$18k
$19k
Vice President
Board Vice President
25th percentile to median
$16k
$17k
Secretary
Board Secretary
Median to 75th percentile
$16k
$17k
Director
Board Member
25th percentile to median
$16k
$17k
Director
Board Member
25th percentile to median
$15k
$17k
Treasurer
Board Treasurer
75th to 90th percentile
$15k
$16k
Director
Board Member
25th percentile to median
$14k
$15k
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.

Climbed 23%
over 3 years

From $375k in 2021 to $461k in 2024.

$375k
2021
$417k
2023
$461k
2024
In today's dollarsEst.
Up 7% in real terms$465k to $496k

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

General Manager pay rose 23% from 2021 to 2024, while revenue rose 15%.

$375k in 2021 to $461k in 2024.
  • Chief Operating Officer pay rose 2% from 2021 to 2024.
  • Highest Compensated Employee pay rose 3% from 2021 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2021 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

LAKE COUNTRY POWER reported revenue and expenses across 3 filing years.

RevenueExpenses
$99.7M
$99.7M
2021
$110.4M
$110.4M
2023
$114.8M
$114.8M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about LAKE COUNTRY POWER

What does the General Manager of LAKE COUNTRY POWER earn?

In 2024, the General Manager of LAKE COUNTRY POWER received $460,754 in total compensation. This pay is in the top 10% for General Manager roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does General Manager pay at LAKE COUNTRY POWER compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the General Manager at LAKE COUNTRY POWER falls in the top 10%.

What are LAKE COUNTRY POWER's revenue and expenses?

In 2024, LAKE COUNTRY POWER reported $114.8M in total revenue and $114.8M in total expenses on its IRS Form 990.

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