Minnkota Power is a rural electric cooperative that generates and transmits electric power.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 27 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
- Base
- $1.1M
- Bonus
- —
- Other
- $25k
- Benefits
- $32k
- Base
- $360k
- Bonus
- $10k
- Other
- $71k
- Benefits
- $33k
- Base
- $355k
- Bonus
- $10k
- Other
- $23k
- Benefits
- $32k
- Base
- $317k
- Bonus
- $13k
- Other
- $100
- Benefits
- $32k
- Base
- $302k
- Bonus
- $10k
- Other
- $10k
- Benefits
- $32k
- Base
- $271k
- Bonus
- $13k
- Other
- $37k
- Benefits
- $33k
- Base
- $302k
- Bonus
- $13k
- Other
- $140
- Benefits
- $33k
- Base
- $301k
- Bonus
- $10k
- Other
- $100
- Benefits
- $32k
- Base
- $286k
- Bonus
- $13k
- Other
- $233
- Benefits
- $32k
- Base
- $245k
- Bonus
- $13k
- Other
- $100
- Benefits
- $32k
- Base
- $236k
- Bonus
- $13k
- Other
- $246
- Benefits
- $32k
- Base
- $231k
- Bonus
- $10k
- Other
- $100
- Benefits
- $32k
- Base
- $228k
- Bonus
- $5k
- Other
- $100
- Benefits
- $32k
- Base
- $222k
- Bonus
- $5k
- Other
- $100
- Benefits
- $19k
- Base
- $200k
- Bonus
- $5k
- Other
- $3k
- Benefits
- $32k
- Base
- $208k
- Bonus
- $6k
- Other
- $100
- Benefits
- $25k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President & CEO Above 90th percentile | $1.1M | — | $25k | $32k | $1.4M $1.5M |
Vice President and COO Above 90th percentile | $360k | $10k | $71k | $33k | $529k $569k |
General Counsel-vp of Legal, Compliance & Risk Mgmt Officer (Unspecified) | $355k | $10k | $23k | $32k | $475k $511k |
Vice President of Administration Vice President Above 90th percentile | $317k | $13k | $100 | $32k | $413k $445k |
Vice President and CFO Above 90th percentile | $302k | $10k | $10k | $32k | $406k $436k |
Vice President of Power Supply Vice President Above 90th percentile | $271k | $13k | $37k | $33k | $402k $432k |
Vice President of Project Development Vice President Above 90th percentile | $302k | $13k | $140 | $33k | $397k $428k |
Vice President and Ciso Vice President Above 90th percentile | $301k | $10k | $100 | $32k | $393k $423k |
Vice President of Power Delivery Vice President Above 90th percentile | $286k | $13k | $233 | $32k | $378k $406k |
Vice President Strategic Initiatives Vice President Above 90th percentile | $245k | $13k | $100 | $32k | $328k $353k |
Vice President of External Affairs Vice President Above 90th percentile | $236k | $13k | $246 | $32k | $321k $345k |
Environmental Manager Highest Compensated Employee 75th to 90th percentile | $231k | $10k | $100 | $32k | $312k $336k |
Senior Manager Resource Planning & Markets Highest Compensated Employee 75th to 90th percentile | $228k | $5k | $100 | $32k | $304k $326k |
Senior Manager of Power Production Highest Compensated Employee 75th to 90th percentile | $222k | $5k | $100 | $19k | $282k $303k |
Senior Manager of Audit & Risk Highest Compensated Employee 75th to 90th percentile | $200k | $5k | $3k | $32k | $275k $295k |
Senior Manager of Generation & Development Highest Compensated Employee 75th to 90th percentile | $208k | $6k | $100 | $25k | $274k $294k |
Board Secretary/treasurer Officer (Unspecified) | — | — | — | — | $22k $24k |
Board Chair 25th percentile to median | — | — | — | — | $19k $20k |
Board Member Median to 75th percentile | — | — | — | — | $17k $19k |
Board Vice Chair Board Chair 25th percentile to median | — | — | — | — | $17k $18k |
Board Member Median to 75th percentile | — | — | — | — | $16k $18k |
Board Member 25th percentile to median | — | — | — | — | $16k $17k |
Board Member 25th percentile to median | — | — | — | — | $15k $16k |
Board Member 25th percentile to median | — | — | — | — | $14k $15k |
Board Member 25th percentile to median | — | — | — | — | $13k $14k |
Board Member 25th percentile to median | — | — | — | — | $11k $11k |
Board Member 25th percentile to median | — | — | — | — | $10k $11k |
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 9%
from 2023
From $1.3M in 2023 to $1.4M in 2024.
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.
Chief Executive Officer pay rose 9% from 2023 to 2024, while revenue rose 5%.
- Vice President pay rose 7% from 2023 to 2024.
- Highest Compensated Employee pay rose 8% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Revenue and expenses over time
MINNKOTA POWER COOPERATIVE INC reported revenue and expenses across 2 filing years.
Common questions about MINNKOTA POWER COOPERATIVE INC
What does the Chief Executive Officer of MINNKOTA POWER COOPERATIVE INC earn?
In 2024, the Chief Executive Officer of MINNKOTA POWER COOPERATIVE INC received $1,360,510 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 MINNKOTA POWER COOPERATIVE INC compare with similar nonprofits?
Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at MINNKOTA POWER COOPERATIVE INC falls in the top 10%.
What are MINNKOTA POWER COOPERATIVE INC's revenue and expenses?
In 2024, MINNKOTA POWER COOPERATIVE INC reported $472M in total revenue and $462.8M in total expenses on its IRS Form 990.
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