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 · Schedule J · 18 reported individuals · Filing year 2024
- 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 | $165k | — | $7k | $42k | $284k $306k |
IT Manager highest compensated employee | $130k | — | $2k | $19k | $192k $207k |
Operations Manager highest compensated employee | $122k | — | $5k | $33k | $189k $203k |
Member Services Manager highest compensated employee | $125k | — | $2k | $16k | $177k $190k |
Line Foreman highest compensated employee | $110k | — | $1k | $36k | $168k $180k |
Line Foreman highest compensated employee | $113k | — | $2k | $19k | $151k $162k |
CFO | — | — | — | — | $131k $141k |
Vice President vice president | — | — | — | — | $14k $15k |
President | — | — | — | — | $11k $12k |
Director board member | — | — | — | — | $9k $10k |
Treasurer officer (unspecified) | — | — | — | — | $9k $10k |
Director/sec From 06/2024 officer (unspecified) | — | — | — | — | $7k $8k |
Director board member | — | — | — | — | $7k $8k |
Director board member | — | — | — | — | $6k $7k |
Secretary Until 06/2024 officer (unspecified) | — | — | — | — | $4k $4k |
Director From 06/2024 board member | — | — | — | — | $3k $3k |
Director Until 06/2024 board member | — | — | — | — | $3k $3k |
Director From 06/2024 board member | — | — | — | — | $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.
Revenue and expenses over time
NORTHERN ELECTRIC COOPERATIVE reported revenue and expenses across 2 filing years.
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