To provide electricity to rural farms, residences, businesses and other industrial entities in Northeastern Montana.
Executive compensation
Form 990 · Part VII & Schedule J · 13 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at Mutual & Membership Benefit organizations nationwide.
| Position | Total |
|---|---|
Line Superintendent Highest Compensated Employee 10th to 25th percentile | $126k $134k |
Foreman Highest Compensated Employee 10th to 25th percentile | $119k $126k |
Foreman Highest Compensated Employee 10th to 25th percentile | $119k $126k |
Lineman Highest Compensated Employee 10th to 25th percentile | $111k $118k |
Lineman Highest Compensated Employee 10th to 25th percentile | $110k $117k |
Director Officer (Unspecified) | $9k $9k |
President 25th percentile to median | $8k $9k |
Secretary/treasurer Officer (Unspecified) | $6k $7k |
Director Officer (Unspecified) | $6k $7k |
Director Officer (Unspecified) | $6k $6k |
Vice President Median to 75th percentile | $6k $6k |
Director Officer (Unspecified) | $4k $4k |
Director Officer (Unspecified) | $1k $1k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the West region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Top pay as a share of expenses
In 2024, the highest total compensation at NORVAL ELECTRIC COOPERATIVE INC equaled 1% of the organization's total expenses. The median for mutual & membership benefit organizations is 4%.
Based on 1,353 mutual & membership benefit organizations, each measured at its most recent filing year with reported expenses and compensation.
Down 3%
from 2023
From $131k in 2023 to $126k in 2024.
Estimated with BLS CPI-U for the West region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Highest Compensated Employee pay fell 3% from 2023 to 2024, while revenue rose 1%.
- Chief Executive Officer pay rose 62% from 2023 to 2024.
- Vice President pay rose 25% 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
NORVAL ELECTRIC COOPERATIVE INC reported revenue and expenses across 2 filing years.
What Mutual & Membership Benefit executives earn
Comparable mutual & membership benefit organizations nationwide pay their highest-earning executive a median of $26,876.
These are mutual & membership benefit sector-wide figures, not this organization's reported pay. Based on 1,359 organizations across 1,359 filings (2021 – 2024).
See full Mutual & Membership Benefit compensation data →Common questions about NORVAL ELECTRIC COOPERATIVE INC
What does the Highest Compensated Employee of NORVAL ELECTRIC COOPERATIVE INC earn?
In 2024, the Highest Compensated Employee of NORVAL ELECTRIC COOPERATIVE INC received $126,289 in total compensation. This pay is in the bottom quarter for Highest Compensated Employee roles among Mutual & Membership Benefit organizations nationwide, above the lowest 10% of comparable filings. Based on IRS Form 990 data.
How does Highest Compensated Employee pay at NORVAL ELECTRIC COOPERATIVE INC compare with similar nonprofits?
Compared with the same role at Mutual & Membership Benefit organizations nationwide, the 2024 pay of the Highest Compensated Employee at NORVAL ELECTRIC COOPERATIVE INC falls between the 10th and 25th percentiles. In 2024, the highest total compensation at NORVAL ELECTRIC COOPERATIVE INC equaled 1% of the organization's total expenses. The median for mutual & membership benefit organizations is 4%.
What are NORVAL ELECTRIC COOPERATIVE INC's revenue and expenses?
In 2024, NORVAL ELECTRIC COOPERATIVE INC reported $8.5M in total revenue and $8.5M in total expenses on its IRS Form 990.
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