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Filing year 2024

MCKENZIE ELECTRIC COOPERATIVE INC

Watford City, North Dakota·EIN 45-0217439·12
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 · Schedule J · 16 reported individuals · Filing year 2024

Base
$279k
Bonus
Other
$5k
Benefits
$6k
Director of Accounting and Finance
$222k
$239k
Base
$178k
Bonus
Other
$915
Benefits
$4k
Director of Engineering Se
highest compensated employee
$217k
$234k
Base
$179k
Bonus
Other
$1k
Benefits
$8k
Director of Operations
$210k
$226k
Base
$176k
Bonus
Other
$643
Benefits
$6k
Construction Manager
highest compensated employee
$178k
$192k
Base
$146k
Bonus
Other
$721
Benefits
$2k
Substation Technician Foreman
highest compensated employee
$177k
$191k
Base
$159k
Bonus
Other
$295
Benefits
$2k
Journeyman Lineman
highest compensated employee
$158k
$170k
Base
$149k
Bonus
Other
$170
Benefits
$114
Director
board member
$32k
$34k
Vice President
vice president
$32k
$34k
Secretary/treasurer
officer (unspecified)
$31k
$33k
$31k
$33k
Director-at-large
board member
$30k
$33k
Director
board member
$29k
$32k
Director
board member
$29k
$31k
Director
board member
$28k
$30k
Director
board member
$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.

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.
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