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Filing year 2024

NORTHERN ELECTRIC COOPERATIVE

Bath, South Dakota·EIN 46-0151015·12
Total revenue
$31.4M
Total assets
$117.4M
Total expenses
$0
Reported officers
18
Mission

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 salaryBonusOther compensationBenefits
Base salaryBonusOther compensationBenefitsExecutive compensation
IT Manager
highest compensated employee
$192k
Operations Manager
highest compensated employee
$189k
Member Services Manager
highest compensated employee
$177k
Line Foreman
highest compensated employee
$168k
Line Foreman
highest compensated employee
$151k
Vice President
vice president
$14k
Director
board member
$9k
Treasurer
officer (unspecified)
$9k
Director/sec From 06/2024
officer (unspecified)
$7k
Director
board member
$7k
Director
board member
$6k
Secretary Until 06/2024
officer (unspecified)
$4k
Director From 06/2024
board member
$3k
Director Until 06/2024
board member
$3k
Director From 06/2024
board member
$3k

Up 3%
from 2023

From $276k in 2023 to $284k in 2024.

$276k
2023
$284k
2024
Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
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