Skip to main content
Filing year 2023

MINNESOTA VALLEY ELECTRIC COOPERATIVE

Jordan, Minnesota·EIN 41-0419150·12
Total revenue
$108.6M
Total assets
$250.1M
Total expenses
$107.2M
Reported officers
22
Mission

PROVIDE ELECTRIC SERVICE TO MEMBERS

Executive compensation, broken down

Form 990 · Schedule J · 22 reported individuals · Filing year 2023

Base
$353k
Bonus
$1k
Other
$9k
Benefits
$13k
VP Energy Services
vice president
$249k
$272k
Base
$208k
Bonus
$1k
Other
$602
Benefits
$22k
VP of Operations
vice president
$236k
$258k
Base
$169k
Bonus
$1k
Other
$5k
Benefits
$12k
Foreman - Lead
highest compensated employee
$231k
$252k
Base
$171k
Bonus
$1k
Other
$350
Benefits
$10k
VP Member Services
vice president
$224k
$245k
Base
$156k
Bonus
$1k
Other
$1k
Benefits
$23k
Foreman - Construction
highest compensated employee
$206k
$225k
Base
$163k
Bonus
$1k
Other
$612
Benefits
$23k
Director of Human Resources
highest compensated employee
$201k
$219k
Base
$169k
Bonus
$1k
Other
$585
Benefits
$14k
VP of Engineering
vice president
$188k
$206k
Base
$162k
Bonus
$1k
Other
$8k
Benefits
$732
CEO - Through Feb 2023
$133k
$145k
VP of Finance
vice president
$119k
$130k
CFO - Through March 2023
$97k
$106k
President
board president
$22k
$24k
Director
board member
$19k
$21k
Secretary/treasurer
board treasurer
$19k
$20k
Vice President
vice president
$18k
$20k
Director
board member
$18k
$20k
Director
board member
$18k
$20k
Director
board member
$18k
$20k
Director
board member
$14k
$15k
Director
board member
$6k
$7k
Director (retired)
board member
$5k
$5k
Vice President (retired)
vice president
$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.

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.