Skip to main content
Filing year 2024

MINNESOTA VALLEY COOPERATIVE LIGHT & POWER ASSOCIATION

Montevideo, Minnesota·EIN 41-0419129·12
Total revenue
$26M
Total assets
$101.1M
Total expenses
$25.3M
Reported officers
14
Mission

MINNESOTA VALLEY COOPERATIVE LIGHT AND POWER ASSOCIATION IS A PROACTIVE COOPERATIVE THAT CONTINUES TO PROVIDE VALUE TO OUR MEMBERS.

Executive compensation, broken down

Form 990 · Schedule J · 14 reported individuals · Filing year 2024

General Manager
officer (unspecified)
$675k
$726k
Base
$530k
Bonus
Other
Benefits
$30k
Member Services Manager
highest compensated employee
$257k
$276k
Base
$155k
Bonus
Other
Benefits
$27k
Office Manager
officer (unspecified)
$227k
$244k
Base
$175k
Bonus
Other
Benefits
$27k
Foreman
highest compensated employee
$183k
$197k
Base
$123k
Bonus
Other
Benefits
$26k
System Coordinator
highest compensated employee
$181k
$195k
Base
$122k
Bonus
Other
Benefits
$26k
Lineman
highest compensated employee
$140k
$151k
Operations Manager
highest compensated employee
$134k
$144k
Secretary
board secretary
$19k
$21k
President
board president
$19k
$20k
Vice President
vice president
$19k
$20k
Director
board member
$19k
$20k
Director
board member
$19k
$20k
Treasurer
board treasurer
$19k
$20k
Director
board member
$18k
$20k

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.

Down 3%
from 2023

From $695k in 2023 to $675k in 2024.

$695k
2023
$675k
2024
In today's dollarsEst.
Down 5% in real terms$768k to $726k

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

MINNESOTA VALLEY COOPERATIVE LIGHT & POWER ASSOCIATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$25.7M
$26M
2023
$26M
$25.3M
2024
Total revenue and total expenses from IRS Form 990 filings.
Free, forever
Build lists. Save your benchmarks.
A free Lucido account lets you build lists of nonprofits and save your search filters. No credit card.
Create free account
Already a member? Sign in
Build a benchmark

Compare any role, sector, or revenue band

Build your own benchmark from millions of reported positions.