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Filing year 2024

NORTHWESTERN ELECTRIC COOPERATIVE INC

Woodward, Oklahoma·EIN 73-0375825·12
Total revenue
$41M
Total assets
$130.5M
Total expenses
$41M
Reported officers
17
Mission

THE COOPERATIVE'S RESPONSIBILITY AND AIM IS TO PROVIDE EXCELLENT AND INNOVATIVE CUSTOMER SERVICE AS REFLECTED IN TOP QUALITY ELECTRIC SERVICE RELIABILITY, AFFORDABLE RATES, EMPLOYEE TEAMWORK AND THE HIGHEST DEGREE OF INTEGRITY IN ALL COOPERATIVE ENDEAVORS.

Executive compensation, broken down

Form 990 · Schedule J · 17 reported individuals · Filing year 2024

Ceo/gm
officer (unspecified)
$396k
$420k
Base
$251k
Bonus
$2k
Other
$7k
Benefits
$40k
Director of Engineering/ops
director (operational)
$246k
$261k
Base
$154k
Bonus
$2k
Other
$2k
Benefits
$39k
Director of Finance & Admin/cfo
$240k
$255k
Base
$142k
Bonus
$2k
Other
$3k
Benefits
$32k
Operations Manager
highest compensated employee
$214k
$227k
Base
$114k
Bonus
$2k
Other
$3k
Benefits
$30k
Safety Manager
highest compensated employee
$206k
$219k
Base
$119k
Bonus
$2k
Other
$4k
Benefits
$19k
Director of IT
chief information officer
$184k
$195k
Base
$107k
Bonus
$2k
Other
$6k
Benefits
$36k
Line Foreman
highest compensated employee
$181k
$192k
Base
$108k
Bonus
$2k
Other
$2k
Benefits
$37k
Area Manager
highest compensated employee
$171k
$181k
Base
$108k
Bonus
$2k
Other
$830
Benefits
$32k
Director
board member
$33k
$35k
$28k
$29k
Director
board member
$27k
$28k
Vice President
vice president
$24k
$26k
Secretary/treasurer
officer (unspecified)
$24k
$25k
Director
board member
$23k
$25k
Director
board member
$22k
$23k
Director
board member
$18k
$19k
Director
board member
$16k
$17k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Up 6%
from 2023

From $373k in 2023 to $396k in 2024.

$373k
2023
$396k
2024
In today's dollarsEst.
Up 3% in real terms$407k to $420k

Estimated with BLS CPI-U for the South 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

NORTHWESTERN ELECTRIC COOPERATIVE INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$40.5M
$40.5M
2023
$41M
$41M
2024
Total revenue and total expenses from IRS Form 990 filings.
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