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Filing year 2024

MCKENZIE ELECTRIC COOPERATIVE INC

Watford City, North Dakota·EIN 45-0217439·501(c)(12)
Total revenue
$478.7M
Total assets
$646.8M
Total expenses
$478.7M
Reported officers
16
Mission

TO MAKE AVAILABLE AND TO SERVE ALL CONSUMERS WITHIN ITS BOUNDARIES WITH ELECTRIC ENERGY. TO ENSURE AN ADEQUATE SOURCE OF CENTRAL STATION POWER AND WORK TO MAKE THAT ENERGY AS RELIABLE AS POSSIBLE AT THE LOWEST COST POSSIBLE.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 16 reported individuals · Filing year 2024

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

CEO
Above 90th percentile
$322k
$346k
Base
$279k
Bonus
Other
$5k
Benefits
$6k
Director of Accounting and Finance
75th to 90th percentile
$222k
$239k
Base
$178k
Bonus
Other
$915
Benefits
$4k
Director of Engineering Se
Highest Compensated Employee
Median to 75th percentile
$217k
$234k
Base
$179k
Bonus
Other
$1k
Benefits
$8k
Director of Operations
Median to 75th percentile
$210k
$226k
Base
$176k
Bonus
Other
$643
Benefits
$6k
Construction Manager
Highest Compensated Employee
Median to 75th percentile
$178k
$192k
Base
$146k
Bonus
Other
$721
Benefits
$2k
Substation Technician Foreman
Highest Compensated Employee
Median to 75th percentile
$177k
$191k
Base
$159k
Bonus
Other
$295
Benefits
$2k
Journeyman Lineman
Highest Compensated Employee
25th percentile to median
$158k
$170k
Base
$149k
Bonus
Other
$170
Benefits
$114
Director
Board Member
Median to 75th percentile
$32k
$34k
Vice President
25th percentile to median
$32k
$34k
Secretary/treasurer
Officer (Unspecified)
$31k
$33k
President
10th to 25th percentile
$31k
$33k
Director-at-large
Board Member
Median to 75th percentile
$30k
$33k
Director
Board Member
Median to 75th percentile
$29k
$32k
Director
Board Member
Median to 75th percentile
$29k
$31k
Director
Board Member
Median to 75th percentile
$28k
$30k
Director
Board Member
Median to 75th percentile
$27k
$29k

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 11%
from 2023

From $291k in 2023 to $322k in 2024.

$291k
2023
$322k
2024
In today's dollarsEst.
Up 8% in real terms$321k to $346k

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 11% from 2023 to 2024, while revenue rose 8%.

$291k in 2023 to $322k in 2024.
  • Highest Compensated Employee pay rose 8% from 2023 to 2024.
  • Chief Operating Officer pay rose 10% 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

MCKENZIE ELECTRIC COOPERATIVE INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$441.7M
$441.7M
2023
$478.7M
$478.7M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about MCKENZIE ELECTRIC COOPERATIVE INC

What does the Chief Executive Officer of MCKENZIE ELECTRIC COOPERATIVE INC earn?

In 2024, the Chief Executive Officer of MCKENZIE ELECTRIC COOPERATIVE INC received $321,610 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at MCKENZIE ELECTRIC COOPERATIVE INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at MCKENZIE ELECTRIC COOPERATIVE INC falls in the top 10%.

What are MCKENZIE ELECTRIC COOPERATIVE INC's revenue and expenses?

In 2024, MCKENZIE ELECTRIC COOPERATIVE INC reported $478.7M in total revenue and $478.7M in total expenses on its IRS Form 990.

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