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Filing year 2024

STEELE-WASECA COOPERATIVE ELECTRIC

Owatonna, Minnesota·EIN 41-0558515·501(c)(12)
Total revenue
$45M
Total assets
$111.5M
Total expenses
$45M
Reported officers
16
Mission

THE MISSION OF STEELE-WASECA COOPERATIVE ELECTRIC IS TO PROVIDE COMPETITIVE, RELIABLE QUALITY SERVICE TO OUR MEMBERSHIP.

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.

General Manager
75th to 90th percentile
$329k
$354k
Base
$243k
Bonus
Other
Benefits
$28k
Finance Manager
Above 90th percentile
$290k
$312k
Base
$151k
Bonus
Other
Benefits
$43k
Operations Manager
Above 90th percentile
$238k
$256k
Base
$161k
Bonus
Other
Benefits
$24k
Line Foreman
Highest Compensated Employee
Median to 75th percentile
$221k
$238k
Base
$154k
Bonus
Other
Benefits
$41k
System Technician
Highest Compensated Employee
Median to 75th percentile
$207k
$223k
Base
$144k
Bonus
Other
Benefits
$24k
Line Foreman
Highest Compensated Employee
Median to 75th percentile
$202k
$217k
Base
$147k
Bonus
Other
Benefits
$41k
Line Foreman
Highest Compensated Employee
Median to 75th percentile
$202k
$217k
Base
$145k
Bonus
Other
Benefits
$41k
Acting Sec/treas
Officer (Unspecified)
$36k
$39k
President
10th to 25th percentile
$34k
$37k
Director
Board Member
Median to 75th percentile
$34k
$36k
Sec/treas
Officer (Unspecified)
$33k
$36k
Director
Board Member
Median to 75th percentile
$31k
$33k
Director
Board Member
Median to 75th percentile
$31k
$33k
Director
Board Member
Median to 75th percentile
$31k
$33k
Vice-pres
Officer (Unspecified)
$30k
$33k
Director
Board Member
Median to 75th percentile
$30k
$33k

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.

Held steady
from 2023

From $327k in 2023 to $329k in 2024.

$327k
2023
$329k
2024
In today's dollarsEst.
Down 2% in real terms$361k to $354k

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

General Manager pay rose 1% from 2023 to 2024, while revenue fell 1%.

$327k in 2023 to $329k in 2024.
  • Finance Manager pay rose 9% 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

STEELE-WASECA COOPERATIVE ELECTRIC reported revenue and expenses across 2 filing years.

RevenueExpenses
$45.7M
$45.7M
2023
$45M
$45M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about STEELE-WASECA COOPERATIVE ELECTRIC

What does the General Manager of STEELE-WASECA COOPERATIVE ELECTRIC earn?

In 2024, the General Manager of STEELE-WASECA COOPERATIVE ELECTRIC received $328,990 in total compensation. This pay is in the top quarter for General Manager roles among nonprofits nationwide, across all sectors, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does General Manager pay at STEELE-WASECA COOPERATIVE ELECTRIC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the General Manager at STEELE-WASECA COOPERATIVE ELECTRIC falls between the 75th and 90th percentiles.

What are STEELE-WASECA COOPERATIVE ELECTRIC's revenue and expenses?

In 2024, STEELE-WASECA COOPERATIVE ELECTRIC reported $45M in total revenue and $45M in total expenses on its IRS Form 990.

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