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Filing year 2024

NORTH STAR ELECTRIC COOP

Baudette, Minnesota·EIN 41-0449191·501(c)(12)
Total revenue
$16.2M
Total assets
$43.9M
Total expenses
$16.2M
Reported officers
15
Mission

TO PROVIDE SAFE, RELIABLE ELECTRIC SERVICES TO IMPROVE THE QUALITY OF LIFE IN THE COMMUNITIES WE SERVE.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 14 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

General Manager
Above 90th percentile
$399k
$429k
Base
$179k
Bonus
Other
$2k
Benefits
$32k
Operations Manager
Above 90th percentile
$268k
$288k
Base
$135k
Bonus
Other
$1k
Benefits
$32k
Finance Manager
Above 90th percentile
$212k
$228k
Base
$135k
Bonus
Other
$681
Benefits
$36k
Foreman
Highest Compensated Employee
Median to 75th percentile
$199k
$214k
Base
$122k
Bonus
Other
$908
Benefits
$14k
Foreman
Highest Compensated Employee
25th percentile to median
$163k
$176k
Base
$124k
Bonus
Other
$210
Benefits
$14k
Sub-foreman
Highest Compensated Employee
25th percentile to median
$159k
$171k
Base
$125k
Bonus
Other
$184
Benefits
$14k
Sub-foreman
Highest Compensated Employee
25th percentile to median
$155k
$167k
Base
$121k
Bonus
Other
$173
Benefits
$14k
President
Below 10th percentile
$12k
$13k
Vice President
25th percentile to median
$11k
$12k
Director
Board Member
25th percentile to median
$11k
$12k
Director
Board Member
25th percentile to median
$10k
$10k
Director
Board Member
25th percentile to median
$7k
$8k
Director/secretary-treasurer
Officer (Unspecified)
$7k
$7k
Secretary-treasurer - Part Year
Officer (Unspecified)
$4k
$5k

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.

Plus 1 unpaid individual.

Up 40%
from 2023

From $284k in 2023 to $399k in 2024.

$284k
2023
$399k
2024
In today's dollarsEst.
Up 37% in real terms$314k to $429k

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.

Pay for the position

General Manager pay rose 40% from 2023 to 2024, while revenue rose 1%.

$284k in 2023 to $399k in 2024.
  • Operations Manager pay rose 7% from 2023 to 2024.
  • Finance Manager pay rose 4% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

NORTH STAR ELECTRIC COOP reported revenue and expenses across 2 filing years.

RevenueExpenses
$16.1M
$16.1M
2023
$16.2M
$16.2M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about NORTH STAR ELECTRIC COOP

What does the General Manager of NORTH STAR ELECTRIC COOP earn?

In 2024, the General Manager of NORTH STAR ELECTRIC COOP received $398,652 in total compensation. This pay is in the top 10% for General Manager roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does General Manager pay at NORTH STAR ELECTRIC COOP compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the General Manager at NORTH STAR ELECTRIC COOP falls in the top 10%.

What are NORTH STAR ELECTRIC COOP's revenue and expenses?

In 2024, NORTH STAR ELECTRIC COOP reported $16.2M in total revenue and $16.2M in total expenses on its IRS Form 990.

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