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Filing year 2024

NOBLES COOPERATIVE ELECTRIC

Slayton, Minnesota·EIN 41-0443755·12
Total revenue
$23.5M
Total assets
$72.5M
Total expenses
$23.1M
Reported officers
14
Mission

TO MAINTAIN OUR ELECTRICAL DISTRIBUTION SYSTEM AND PROVIDE ELECTRICITY TO OUR MEMBERS IN RURAL AREAS AND COMMUNITIES IN OUR SERVICE TERRITORY.

Executive compensation, broken down

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

Chief Executive Officer
$280k
$301k
Base
$210k
Bonus
Other
Benefits
$32k
Accountant
highest compensated employee
$170k
$182k
Base
$105k
Bonus
Other
Benefits
$34k
Journeyman Lineman
highest compensated employee
$165k
$178k
Base
$107k
Bonus
Other
Benefits
$29k
Journeyman Lineman
highest compensated employee
$162k
$175k
Base
$106k
Bonus
Other
Benefits
$27k
Chief Financial Officer
$153k
$165k
Base
$118k
Bonus
Other
Benefits
$29k
Journeyman Lineman
highest compensated employee
$135k
$146k
Lineman
highest compensated employee
$134k
$144k
Secretary/treasurer
officer (unspecified)
$12k
$12k
Vice President
vice president
$8k
$9k
Director
board member
$8k
$9k
Director
board member
$6k
$7k
Director
board member
$6k
$7k
Vice President
vice president
$5k
$6k

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 6%
from 2023

From $263k in 2023 to $280k in 2024.

$263k
2023
$280k
2024
In today's dollarsEst.
Up 3% in real terms$291k to $301k

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

NOBLES COOPERATIVE ELECTRIC reported revenue and expenses across 2 filing years.

RevenueExpenses
$23.1M
$22.7M
2023
$23.5M
$23.1M
2024
Total revenue and total expenses from IRS Form 990 filings.
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