PROVIDE ELECTRIC SERVICE TO MEMBERS
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 22 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
- Base
- $353k
- Bonus
- $1k
- Other
- $9k
- Benefits
- $13k
- Base
- $208k
- Bonus
- $1k
- Other
- $602
- Benefits
- $22k
- Base
- $169k
- Bonus
- $1k
- Other
- $5k
- Benefits
- $12k
- Base
- $171k
- Bonus
- $1k
- Other
- $350
- Benefits
- $10k
- Base
- $156k
- Bonus
- $1k
- Other
- $1k
- Benefits
- $23k
- Base
- $163k
- Bonus
- $1k
- Other
- $612
- Benefits
- $23k
- Base
- $169k
- Bonus
- $1k
- Other
- $585
- Benefits
- $14k
- Base
- $162k
- Bonus
- $1k
- Other
- $8k
- Benefits
- $732
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
CEO Above 90th percentile | $353k | $1k | $9k | $13k | $485k $530k |
VP Energy Services Board Vice President 75th to 90th percentile | $208k | $1k | $602 | $22k | $249k $272k |
VP of Operations Board Vice President 75th to 90th percentile | $169k | $1k | $5k | $12k | $236k $258k |
Foreman - Lead Highest Compensated Employee Median to 75th percentile | $171k | $1k | $350 | $10k | $231k $252k |
VP Member Services Board Vice President 75th to 90th percentile | $156k | $1k | $1k | $23k | $224k $245k |
Foreman - Construction Highest Compensated Employee Median to 75th percentile | $163k | $1k | $612 | $23k | $206k $225k |
Director of Human Resources Highest Compensated Employee Median to 75th percentile | $169k | $1k | $585 | $14k | $201k $219k |
VP of Engineering Board Vice President Median to 75th percentile | $162k | $1k | $8k | $732 | $188k $206k |
CEO - Through Feb 2023 Median to 75th percentile | — | — | — | — | $133k $145k |
VP of Finance Vice President Median to 75th percentile | — | — | — | — | $119k $130k |
CFO - Through March 2023 Median to 75th percentile | — | — | — | — | $97k $106k |
President Board President Median to 75th percentile | — | — | — | — | $22k $24k |
Director Board Member Median to 75th percentile | — | — | — | — | $19k $21k |
Secretary/treasurer Board Treasurer 75th to 90th percentile | — | — | — | — | $19k $20k |
Vice President Board Vice President 25th percentile to median | — | — | — | — | $18k $20k |
Director Board Member Median to 75th percentile | — | — | — | — | $18k $20k |
Director Board Member Median to 75th percentile | — | — | — | — | $18k $20k |
Director Board Member Median to 75th percentile | — | — | — | — | $18k $20k |
Director Board Member 25th percentile to median | — | — | — | — | $14k $15k |
Director Board Member 25th percentile to median | — | — | — | — | $6k $7k |
Director (retired) Board Member 25th percentile to median | — | — | — | — | $5k $5k |
Vice President (retired) Board Vice President 10th to 25th percentile | — | — | — | — | $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.
Common questions about MINNESOTA VALLEY ELECTRIC COOPERATIVE
What does the Chief Executive Officer of MINNESOTA VALLEY ELECTRIC COOPERATIVE earn?
In 2023, the Chief Executive Officer of MINNESOTA VALLEY ELECTRIC COOPERATIVE received $485,254 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Chief Executive Officer pay at MINNESOTA VALLEY ELECTRIC COOPERATIVE compare with similar nonprofits?
Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at MINNESOTA VALLEY ELECTRIC COOPERATIVE falls in the top 10%.
What are MINNESOTA VALLEY ELECTRIC COOPERATIVE's revenue and expenses?
In 2023, MINNESOTA VALLEY ELECTRIC COOPERATIVE reported $108.6M in total revenue and $107.2M in total expenses on its IRS Form 990.
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