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Filing year 2024

MINNESOTA RURAL ELECTRIC ASSOCIATION

Maple Grove, Minnesota·EIN 41-0417193·6
Total revenue
$5.5M
Total assets
$3.9M
Total expenses
$5M
Reported officers
19
Mission

THE ASSOCIATION WAS FORMED TO PROVIDE SERVICES TO ITS MEMBERS INCLUDING EDUCATION, JOB TRAINING AND SAFETY, AND LEGISLATIVE AND REGULATOR REPRESENTATION.

Executive compensation, broken down

Form 990 · Schedule J · 19 reported individuals · Filing year 2024

$395k
$421k
Base
$305k
Bonus
Other
Benefits
$31k
Director of
highest compensated employee
$264k
$282k
Base
$143k
Bonus
Other
Benefits
$32k
Director-fin
director (operational)
$224k
$239k
Base
$179k
Bonus
Other
Benefits
$22k
Director Gov
highest compensated employee
$218k
$232k
Base
$179k
Bonus
Other
Benefits
$15k
Director-saf
highest compensated employee
$180k
$192k
Base
$151k
Bonus
Other
Benefits
$21k
Chair
board chair
$13k
$14k
First Vice C
board member
$9k
$9k
Treasurer
board treasurer
$9k
$9k
Second Vice
board member
$8k
$8k
Director
board member
$8k
$8k
Director
board member
$7k
$7k
Director
board member
$7k
$7k
Secretary
board secretary
$7k
$7k
Director
board member
$7k
$7k
Director
board member
$6k
$7k
Director
board member
$6k
$7k
Director
board member
$6k
$7k
Director
board member
$6k
$6k
Director
board member
$5k
$5k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Up 10%
from 2023

From $361k in 2023 to $395k in 2024.

$361k
2023
$395k
2024
In today's dollarsEst.
Up 7% in real terms$394k to $421k

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, 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

MINNESOTA RURAL ELECTRIC ASSOCIATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$5M
$4.6M
2023
$5.5M
$5M
2024
Total revenue and total expenses from IRS Form 990 filings.
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