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Filing year 2024

MCLEAN ELECTRIC COOPERATIVE INC

Garrison, North Dakota·EIN 45-0216719·12
Total revenue
$21.4M
Total assets
$61.3M
Total expenses
$21.4M
Reported officers
16
Mission

TO GENERATE, MANUFACTURE, PURCHASE, ACQUIRE AND ACCUMULATE ELECTRIC ENERGY AND TO TRANSMIT, DISTRIBUTE, FURNISH, SELL AND DISPOSE OF SUCH ELECTRIC ENERGY TO COOPERATIVE MEMBERS.

Executive compensation, broken down

Form 990 · Schedule J · 16 reported individuals · Filing year 2024

CEO / General Manager
$340k
$366k
Base
$272k
Bonus
Other
Benefits
$29k
Operations Manager
key employee
$219k
$236k
Base
$177k
Bonus
Other
Benefits
$35k
Engineering Manager
key employee
$214k
$230k
Base
$178k
Bonus
Other
Benefits
$24k
Line Foreman
highest compensated employee
$198k
$213k
Base
$124k
Bonus
Other
Benefits
$27k
Business Manager
officer (unspecified)
$195k
$210k
Base
$133k
Bonus
Other
Benefits
$22k
Line Foreman
highest compensated employee
$191k
$205k
Base
$122k
Bonus
Other
Benefits
$27k
Lineman
highest compensated employee
$188k
$203k
Base
$122k
Bonus
Other
Benefits
$27k
Lineman
highest compensated employee
$174k
$187k
Base
$121k
Bonus
Other
Benefits
$27k
Lineman
highest compensated employee
$168k
$181k
Base
$117k
Bonus
Other
Benefits
$27k
$11k
$12k
Vice President
vice president
$9k
$10k
Secretary / Treasurer
officer (unspecified)
$8k
$9k
Director
board member
$7k
$7k
Director
board member
$7k
$7k
Assistant Secretary / Treasurer
officer (unspecified)
$6k
$7k
Director
board member
$5k
$6k

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 15%
from 2023

From $294k in 2023 to $340k in 2024.

$294k
2023
$340k
2024
In today's dollarsEst.
Up 12% in real terms$325k to $366k

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

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

RevenueExpenses
$17.6M
$17.6M
2023
$21.4M
$21.4M
2024
Total revenue and total expenses from IRS Form 990 filings.
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