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Filing year 2024

RED LAKE ELECTRIC COOPERATIVE

Red Lake Falls, Minnesota·EIN 41-0496565·12
Total revenue
$15.5M
Total assets
$33.5M
Total expenses
$15.5M
Reported officers
14
Mission

IT IS THE MISSION OF RED LAKE ELECTRIC COOPERATIVE TO ENHANCE THE QUALITY OF LIFE FOR PEOPLE OF OUR SERVICE AREA BY CONSISTENTLY PROVIDING SAFE, QUALITY ELECTRIC SERVICE AND OTHER SERVICES WHILE HOLDING OUR EMPLOYEES, OUR COMMUNITY AND OUR ENVIRONMENT IN HIGH REGARD.

Executive compensation, broken down

Form 990 · Schedule J · 14 reported individuals · Filing year 2024

General Manager
officer (unspecified)
$205k
$221k
Base
$135k
Bonus
Other
Benefits
$24k
Line Superintendent
highest compensated employee
$183k
$196k
Base
$122k
Bonus
Other
Benefits
$15k
Member Services Manager
highest compensated employee
$129k
$138k
Vice President
vice president
$7k
$8k
Director
board member
$7k
$7k
Director
board member
$6k
$7k
Director
board member
$5k
$6k
Director
board member
$4k
$5k
Secretary/treasurer
officer (unspecified)
$4k
$4k
Director
board member
$3k
$3k
Director
board member
$3k
$3k
Director
board member
$850
$914
Director
board member
$500
$538

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.

Held steady
from 2023

From $204k in 2023 to $205k in 2024.

$204k
2023
$205k
2024
In today's dollarsEst.
Down 2% in real terms$226k to $221k

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.

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

Revenue and expenses over time

RED LAKE ELECTRIC COOPERATIVE reported revenue and expenses across 2 filing years.

RevenueExpenses
$15.6M
$15.6M
2023
$15.5M
$15.5M
2024
Total revenue and total expenses from IRS Form 990 filings.
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