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Filing year 2024

RUNESTONE ELECTRIC ASSOCIATION

Alexandria, Minnesota·EIN 41-0223597·12
Total revenue
$33.4M
Total assets
$108.3M
Total expenses
$33.4M
Reported officers
14
Mission

To serve our members with safe, reliable and affordable electricity.

Executive compensation, broken down

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

Base
$291k
Bonus
$700
Other
Benefits
$21k
Manager of Finance
officer (unspecified)
$236k
$254k
Base
$155k
Bonus
$700
Other
Benefits
$27k
Manager of Member Services
highest compensated employee
$225k
$242k
Base
$139k
Bonus
$700
Other
Benefits
$27k
Line Superintendent
highest compensated employee
$219k
$236k
Base
$132k
Bonus
$700
Other
Benefits
$26k
Energy Services & Business Development Manager
highest compensated employee
$188k
$202k
Base
$138k
Bonus
$700
Other
Benefits
$27k
Network & IT Administrator
highest compensated employee
$179k
$193k
Base
$135k
Bonus
$700
Other
Benefits
$15k
Journeyman Lineman
highest compensated employee
$156k
$168k
Base
$130k
Bonus
$700
Other
Benefits
$25k
Director
board member
$8k
$9k
Director
board member
$8k
$8k
Director
board member
$7k
$8k
Director
board member
$7k
$8k
Director
board member
$7k
$8k
Director
board member
$6k
$6k
Director
board member
$2k
$2k

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.

Up 5%
from 2023

From $419k in 2023 to $442k in 2024.

$419k
2023
$442k
2024
In today's dollarsEst.
Up 3% in real terms$463k to $475k

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

RUNESTONE ELECTRIC ASSOCIATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$33M
$33M
2023
$33.4M
$33.4M
2024
Total revenue and total expenses from IRS Form 990 filings.
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