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Filing year 2024

SOUTH CENTRAL ELECTRIC ASSOCIATION

St James, Minnesota·EIN 41-0548360·12
Total revenue
$26.7M
Total assets
$92.8M
Total expenses
$25.9M
Reported officers
14
Mission

TO 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

Operations Manager
highest compensated employee
$251k
$270k
Base
$144k
Bonus
Other
$3k
Benefits
$6k
Base
$148k
Bonus
Other
$1k
Benefits
$2k
General Manager
officer (unspecified)
$189k
$203k
Base
$118k
Bonus
$300
Other
$6k
Benefits
$21k
Member Services Manager
highest compensated employee
$163k
$175k
Base
$119k
Bonus
Other
$3k
Benefits
$4k
Crew Chief Journeyman Lineman
highest compensated employee
$155k
$167k
Base
$113k
Bonus
Other
$1k
Benefits
$3k
Line Superintendent
highest compensated employee
$154k
$166k
Base
$118k
Bonus
Other
$348
Benefits
$5k
Meter Foreman Journeyman Lineman
highest compensated employee
$137k
$147k
Director
board member
$24k
$26k
$24k
$26k
Vice President
vice president
$23k
$24k
Director
board member
$22k
$24k
Director
board member
$22k
$24k
Treasurer
officer (unspecified)
$22k
$24k
Secretary
officer (unspecified)
$22k
$23k

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 18%
from 2023

From $213k in 2023 to $251k in 2024.

$213k
2023
$251k
2024
In today's dollarsEst.
Up 15% in real terms$235k to $270k

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

SOUTH CENTRAL ELECTRIC ASSOCIATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$27.8M
$27.4M
2023
$26.7M
$25.9M
2024
Total revenue and total expenses from IRS Form 990 filings.
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