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Filing year 2024

NORVAL ELECTRIC COOPERATIVE INC

Glasgow, Montana·EIN 81-0215971·NTEE Y22 · Mutual & Membership Benefit·12
Total revenue
$8.5M
Total assets
$31.9M
Total expenses
$8.5M
Reported officers
13
Mission

To provide electricity to rural farms, residences, businesses and other industrial entities in Northeastern Montana.

Executive compensation

Form 990 · Schedule J · 13 reported individuals · Filing year 2024

Line Superintendent
highest compensated employee
$126k
$134k
Foreman
highest compensated employee
$119k
$126k
Foreman
highest compensated employee
$119k
$126k
Lineman
highest compensated employee
$111k
$118k
Lineman
highest compensated employee
$110k
$117k
Director
officer (unspecified)
$9k
$9k
Secretary/treasurer
officer (unspecified)
$6k
$7k
Director
officer (unspecified)
$6k
$7k
Director
officer (unspecified)
$6k
$6k
Vice President
vice president
$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.

Browse compensation in Mutual & Membership Benefit

Down 3%
from 2023

From $131k in 2023 to $126k in 2024.

$131k
2023
$126k
2024
In today's dollarsEst.
Down 6% in real terms$143k to $134k

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 reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

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

RevenueExpenses
$8.4M
$8.4M
2023
$8.5M
$8.5M
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Mutual & Membership Benefit executives earn

Comparable mutual & membership benefit organizations nationwide pay their highest-earning executive a median of $19,468.

25th percentile
$6k
Median
$19,468
75th percentile
$79k
90th percentile
$193k

These are mutual & membership benefit sector-wide figures, not this organization's reported pay. Based on 294 organizations across 294 filings (2021 – 2023).

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