Mission
Rural Electric Cooperative serving 20000+ accounts in Northeastern ND
Executive compensation, broken down
Form 990 · Schedule J · 14 reported individuals · Filing year 2024
President/ceo
highest compensated employee
$413k
$445k
- Base
- $323k
- Bonus
- —
- Other
- —
- Benefits
- $23k
Accounting and Finance Manager
key employee
$237k
$255k
- Base
- $161k
- Bonus
- —
- Other
- —
- Benefits
- $22k
Customer and Energy Services Manager
key employee
$223k
$240k
- Base
- $150k
- Bonus
- —
- Other
- —
- Benefits
- $22k
Line Superintendant
key employee
$221k
$238k
- Base
- $158k
- Bonus
- —
- Other
- —
- Benefits
- $12k
Engineering Manager
key employee
$188k
$202k
- Base
- $136k
- Bonus
- —
- Other
- —
- Benefits
- $22k
Chairman
board chair
$17k
$19k
Secretary Treasurer
officer (unspecified)
$17k
$19k
Director
board member
$15k
$16k
Director
board member
$14k
$15k
Director
board member
$14k
$15k
Director
board member
$13k
$14k
Director
board member
$13k
$14k
Director
board member
$12k
$13k
Vice Chairman
board vice chair
$12k
$13k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President/ceo highest compensated employee | $323k | — | — | $23k | $413k $445k |
Accounting and Finance Manager key employee | $161k | — | — | $22k | $237k $255k |
Customer and Energy Services Manager key employee | $150k | — | — | $22k | $223k $240k |
Line Superintendant key employee | $158k | — | — | $12k | $221k $238k |
Engineering Manager key employee | $136k | — | — | $22k | $188k $202k |
Chairman board chair | — | — | — | — | $17k $19k |
Secretary Treasurer officer (unspecified) | — | — | — | — | $17k $19k |
Director board member | — | — | — | — | $15k $16k |
Director board member | — | — | — | — | $14k $15k |
Director board member | — | — | — | — | $14k $15k |
Director board member | — | — | — | — | $13k $14k |
Director board member | — | — | — | — | $13k $14k |
Director board member | — | — | — | — | $12k $13k |
Vice Chairman board vice chair | — | — | — | — | $12k $13k |
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 $381k in 2023 to $413k in 2024.
$381k
2023
$413k
2024
$381k
2023
$413k
2024
In today's dollarsEst.
Up 6% in real terms$420k to $445k
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
NODAK ELECTRIC COOPERATIVE INC reported revenue and expenses across 2 filing years.
RevenueExpenses
$137.6M
$135.3M
2023
$140M
$138.3M
2024
Total revenue and total expenses from IRS Form 990 filings.
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