THE PURPOSE OF THE ORGANIZATION OF NORTHERN ELECTRIC COOPERATIVE INCORPORATED IS TO PROVIDE ITS MEMBERS WITH A DEPENDABLE QUALITY AND QUANTITY OF ELECTRICAL ENERGY AT THE LOWEST POSSIBLE RATES CONSISTENT WITH SOUND BUSINESS PRACTICES AND FINANCIAL FEASIBILITY AND TO PROVIDE SUCH OTHER SERVICES THAT WOULD BE DESIRABLE FOR THE BETTERMENT OF ITS MEMBERS.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 18 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
- Base
- $165k
- Bonus
- —
- Other
- $7k
- Benefits
- $42k
- Base
- $130k
- Bonus
- —
- Other
- $2k
- Benefits
- $19k
- Base
- $122k
- Bonus
- —
- Other
- $5k
- Benefits
- $33k
- Base
- $125k
- Bonus
- —
- Other
- $2k
- Benefits
- $16k
- Base
- $110k
- Bonus
- —
- Other
- $1k
- Benefits
- $36k
- Base
- $113k
- Bonus
- —
- Other
- $2k
- Benefits
- $19k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
CEO 75th to 90th percentile | $165k | — | $7k | $42k | $284k $306k |
IT Manager 75th to 90th percentile | $130k | — | $2k | $19k | $192k $207k |
Operations Manager 75th to 90th percentile | $122k | — | $5k | $33k | $189k $203k |
Member Services Manager Highest Compensated Employee Median to 75th percentile | $125k | — | $2k | $16k | $177k $190k |
Line Foreman Highest Compensated Employee Median to 75th percentile | $110k | — | $1k | $36k | $168k $180k |
Line Foreman Highest Compensated Employee 25th percentile to median | $113k | — | $2k | $19k | $151k $162k |
CFO Median to 75th percentile | — | — | — | — | $131k $141k |
Vice President 25th percentile to median | — | — | — | — | $14k $15k |
President Below 10th percentile | — | — | — | — | $11k $12k |
Director Board Member 25th percentile to median | — | — | — | — | $9k $10k |
Treasurer Officer (Unspecified) | — | — | — | — | $9k $10k |
Director/sec From 06/2024 Officer (Unspecified) | — | — | — | — | $7k $8k |
Director Board Member 25th percentile to median | — | — | — | — | $7k $8k |
Director Board Member 25th percentile to median | — | — | — | — | $6k $7k |
Secretary Until 06/2024 Officer (Unspecified) | — | — | — | — | $4k $4k |
Director From 06/2024 Board Member 10th to 25th percentile | — | — | — | — | $3k $3k |
Director Until 06/2024 Board Member 10th to 25th percentile | — | — | — | — | $3k $3k |
Director From 06/2024 Board Member 10th to 25th percentile | — | — | — | — | $3k $3k |
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 3%
from 2023
From $276k in 2023 to $284k 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 3% from 2023 to 2024, while revenue rose 3%.
- IT Manager pay rose 4% from 2023 to 2024.
- Operations 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.
Revenue and expenses over time
NORTHERN ELECTRIC COOPERATIVE reported revenue and expenses across 2 filing years.
Common questions about NORTHERN ELECTRIC COOPERATIVE
What does the Chief Executive Officer of NORTHERN ELECTRIC COOPERATIVE earn?
In 2024, the Chief Executive Officer of NORTHERN ELECTRIC COOPERATIVE received $284,456 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among nonprofits nationwide, across all sectors, though not the top 10% of comparable filings. Based on IRS Form 990 data.
How does Chief Executive Officer pay at NORTHERN ELECTRIC COOPERATIVE compare with similar nonprofits?
Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at NORTHERN ELECTRIC COOPERATIVE falls between the 75th and 90th percentiles.
What are NORTHERN ELECTRIC COOPERATIVE's revenue and expenses?
In 2024, NORTHERN ELECTRIC COOPERATIVE reported $31.4M in total revenue and $31.4M in total expenses on its IRS Form 990.
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