Skip to main content
Filing year 2024

REDWOOD ELECTRIC COOPERATIVE

Clements, Minnesota·EIN 41-0184475·12
Total revenue
$16.6M
Total assets
$41.7M
Total expenses
$16.6M
Reported officers
14
Mission

PROVIDE RELIABLE, EFFICIENT DELIVERY OF ELECTRICITY AND OTHER SERVICES TO OUR MEMBER OWNERS WITH THE HIGHEST LEVEL OF CUSTOMER SERVICE.

Executive compensation, broken down

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

Manager of Finance & Admin
officer (unspecified)
$201k
$216k
Base
$128k
Bonus
$900
Other
$954
Benefits
$40k
Operations Manager
highest compensated employee
$200k
$215k
Base
$129k
Bonus
$600
Other
$1k
Benefits
$39k
Senior Foreman
highest compensated employee
$190k
$204k
Base
$116k
Bonus
$350
Other
$789
Benefits
$19k
General Manager
officer (unspecified)
$189k
$203k
Base
$118k
Bonus
$300
Other
$6k
Benefits
$21k
Foreman
highest compensated employee
$180k
$193k
Base
$109k
Bonus
$350
Other
$708
Benefits
$40k
Senior Foreman
highest compensated employee
$179k
$193k
Base
$112k
Bonus
$350
Other
$2k
Benefits
$36k
Foreman
highest compensated employee
$179k
$192k
Base
$110k
Bonus
$350
Other
$3k
Benefits
$39k
Director
board member
$16k
$17k
$15k
$16k
Director
board member
$14k
$15k
Vice President
vice president
$14k
$15k
Secretary/treasurer
officer (unspecified)
$14k
$15k
Director
board member
$14k
$15k
Director
board member
$13k
$14k

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.

Fell 17%
over 3 years

From $242k in 2021 to $201k in 2024.

$242k
2021
$198k
2023
$201k
2024
In today's dollarsEst.
Down 28% in real terms$300k to $216k

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

REDWOOD ELECTRIC COOPERATIVE reported revenue and expenses across 3 filing years.

RevenueExpenses
$15.9M
$15.6M
2021
$16.7M
$16.7M
2023
$16.6M
$16.6M
2024
Total revenue and total expenses from IRS Form 990 filings.
Free, forever
Build lists. Save your benchmarks.
A free Lucido account lets you build lists of nonprofits and save your search filters. No credit card.
Create free account
Already a member? Sign in
Build a benchmark

Compare any role, sector, or revenue band

Build your own benchmark from millions of reported positions.