Mission
GENERATION AND PURCHASE OF ELECTRICITY FOR DISTRIBUTION AND SALE ON A COOPERATIVE BASIS TO MEMBERS.
Executive compensation, broken down
Form 990 · Schedule J · 16 reported individuals · Filing year 2024
$397k
$427k
- Base
- $257k
- Bonus
- $12k
- Other
- $12k
- Benefits
- $33k
VP of Administration and Finance
vice president
$286k
$308k
- Base
- $178k
- Bonus
- $10k
- Other
- $4k
- Benefits
- $33k
Manager of Operations
highest compensated employee
$266k
$286k
- Base
- $158k
- Bonus
- $9k
- Other
- $10k
- Benefits
- $34k
Manager of IT
highest compensated employee
$231k
$249k
- Base
- $154k
- Bonus
- $9k
- Other
- $730
- Benefits
- $16k
Manager of Finance
highest compensated employee
$231k
$248k
- Base
- $139k
- Bonus
- $9k
- Other
- $1k
- Benefits
- $33k
Manager of Engineering
highest compensated employee
$199k
$214k
- Base
- $138k
- Bonus
- $6k
- Other
- $3k
- Benefits
- $33k
Jouneyman Lineman
highest compensated employee
$171k
$184k
- Base
- $140k
- Bonus
- $2k
- Other
- $385
- Benefits
- $17k
President
$21k
$23k
Secretary/treasurer
officer (unspecified)
$21k
$22k
Director
board member
$19k
$20k
Vice President
vice president
$17k
$18k
Director
board member
$16k
$17k
Director
board member
$16k
$17k
Director
board member
$16k
$17k
Director
board member
$16k
$17k
Director
board member
$16k
$17k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
CEO | $257k | $12k | $12k | $33k | $397k $427k |
VP of Administration and Finance vice president | $178k | $10k | $4k | $33k | $286k $308k |
Manager of Operations highest compensated employee | $158k | $9k | $10k | $34k | $266k $286k |
Manager of IT highest compensated employee | $154k | $9k | $730 | $16k | $231k $249k |
Manager of Finance highest compensated employee | $139k | $9k | $1k | $33k | $231k $248k |
Manager of Engineering highest compensated employee | $138k | $6k | $3k | $33k | $199k $214k |
Jouneyman Lineman highest compensated employee | $140k | $2k | $385 | $17k | $171k $184k |
President | — | — | — | — | $21k $23k |
Secretary/treasurer officer (unspecified) | — | — | — | — | $21k $22k |
Director board member | — | — | — | — | $19k $20k |
Vice President vice president | — | — | — | — | $17k $18k |
Director board member | — | — | — | — | $16k $17k |
Director board member | — | — | — | — | $16k $17k |
Director board member | — | — | — | — | $16k $17k |
Director board member | — | — | — | — | $16k $17k |
Director board member | — | — | — | — | $16k $17k |
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 17%
from 2023
From $339k in 2023 to $397k in 2024.
$339k
2023
$397k
2024
$339k
2023
$397k
2024
In today's dollarsEst.
Up 14% in real terms$374k to $427k
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
STEARNS COOPERATIVE ELECTRIC ASSOCIATION reported revenue and expenses across 2 filing years.
RevenueExpenses
$68.9M
$68.9M
2023
$71.5M
$71.5M
2024
Total revenue and total expenses from IRS Form 990 filings.
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