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 · Part VII & Schedule J · 14 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
- Base
- $135k
- Bonus
- —
- Other
- —
- Benefits
- $24k
- Base
- $122k
- Bonus
- —
- Other
- —
- Benefits
- $15k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
General Manager Median to 75th percentile | $135k | — | — | $24k | $205k $221k |
Line Superintendent Highest Compensated Employee Median to 75th percentile | $122k | — | — | $15k | $183k $196k |
Member Services Manager Highest Compensated Employee 10th to 25th percentile | — | — | — | — | $129k $138k |
Vice President 25th percentile to median | — | — | — | — | $7k $8k |
Director Board Member 25th percentile to median | — | — | — | — | $7k $7k |
President Below 10th percentile | — | — | — | — | $6k $7k |
Director Board Member 25th percentile to median | — | — | — | — | $6k $7k |
Director Board Member 25th percentile to median | — | — | — | — | $5k $6k |
Director Board Member 10th to 25th percentile | — | — | — | — | $4k $5k |
Secretary/treasurer Officer (Unspecified) | — | — | — | — | $4k $4k |
Director Board Member 10th to 25th percentile | — | — | — | — | $3k $3k |
Director Board Member 10th to 25th percentile | — | — | — | — | $3k $3k |
Director Board Member Below 10th percentile | — | — | — | — | $850 $914 |
Director Board Member Below 10th percentile | — | — | — | — | $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.
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.
General Manager pay rose 1% from 2023 to 2024, while revenue fell 1%.
- Vice President pay rose 61% from 2023 to 2024.
- Board Member pay rose 29% 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
RED LAKE ELECTRIC COOPERATIVE reported revenue and expenses across 2 filing years.
Common questions about RED LAKE ELECTRIC COOPERATIVE
What does the General Manager of RED LAKE ELECTRIC COOPERATIVE earn?
In 2024, the General Manager of RED LAKE ELECTRIC COOPERATIVE received $205,473 in total compensation. This pay is above the median (the midpoint) for General Manager roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.
How does General Manager pay at RED LAKE ELECTRIC COOPERATIVE compare with similar nonprofits?
Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the General Manager at RED LAKE ELECTRIC COOPERATIVE falls between the median and the 75th percentile.
What are RED LAKE ELECTRIC COOPERATIVE's revenue and expenses?
In 2024, RED LAKE ELECTRIC COOPERATIVE reported $15.5M in total revenue and $15.5M in total expenses on its IRS Form 990.
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