Skip to main content
Filing year 2024

STEARNS COOPERATIVE ELECTRIC ASSOCIATION

Melrose, Minnesota·EIN 41-0558175·501(c)(12)
Total revenue
$71.5M
Total assets
$190.4M
Total expenses
$71.5M
Reported officers
16
Mission

GENERATION AND PURCHASE OF ELECTRICITY FOR DISTRIBUTION AND SALE ON A COOPERATIVE BASIS TO MEMBERS.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 16 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

CEO
Above 90th percentile
$397k
$427k
Base
$257k
Bonus
$12k
Other
$12k
Benefits
$33k
VP of Administration and Finance
Board Vice President
75th to 90th percentile
$286k
$308k
Base
$178k
Bonus
$10k
Other
$4k
Benefits
$33k
Manager of Operations
Operations Manager
Above 90th percentile
$266k
$286k
Base
$158k
Bonus
$9k
Other
$10k
Benefits
$34k
Manager of IT
IT Manager
75th to 90th percentile
$231k
$249k
Base
$154k
Bonus
$9k
Other
$730
Benefits
$16k
Manager of Finance
Finance Manager
Above 90th percentile
$231k
$248k
Base
$139k
Bonus
$9k
Other
$1k
Benefits
$33k
Manager of Engineering
Highest Compensated Employee
Median to 75th percentile
$199k
$214k
Base
$138k
Bonus
$6k
Other
$3k
Benefits
$33k
Jouneyman Lineman
Highest Compensated Employee
Median to 75th percentile
$171k
$184k
Base
$140k
Bonus
$2k
Other
$385
Benefits
$17k
President
10th to 25th percentile
$21k
$23k
Secretary/treasurer
Officer (Unspecified)
$21k
$22k
Director
Board Member
Median to 75th percentile
$19k
$20k
Vice President
25th percentile to median
$17k
$18k
Director
Board Member
25th percentile to median
$16k
$17k
Director
Board Member
25th percentile to median
$16k
$17k
Director
Board Member
25th percentile to median
$16k
$17k
Director
Board Member
25th percentile to median
$16k
$17k
Director
Board Member
25th percentile to median
$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
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.

Pay for the position

Chief Executive Officer pay rose 17% from 2023 to 2024, while revenue rose 4%.

$339k in 2023 to $397k in 2024.
  • Board Vice President pay rose 4% from 2023 to 2024.
  • Operations Manager pay rose 3% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

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.
FAQ

Common questions about STEARNS COOPERATIVE ELECTRIC ASSOCIATION

What does the Chief Executive Officer of STEARNS COOPERATIVE ELECTRIC ASSOCIATION earn?

In 2024, the Chief Executive Officer of STEARNS COOPERATIVE ELECTRIC ASSOCIATION received $396,864 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at STEARNS COOPERATIVE ELECTRIC ASSOCIATION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at STEARNS COOPERATIVE ELECTRIC ASSOCIATION falls in the top 10%.

What are STEARNS COOPERATIVE ELECTRIC ASSOCIATION's revenue and expenses?

In 2024, STEARNS COOPERATIVE ELECTRIC ASSOCIATION reported $71.5M in total revenue and $71.5M in total expenses on its IRS Form 990.

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.
Already a member? Sign in
Build a benchmark

Compare any role, sector, or revenue band

Build your own benchmark from millions of reported positions.