Skip to main content
Filing year 2024

STEELE-WASECA COOPERATIVE ELECTRIC

Owatonna, Minnesota·EIN 41-0558515·12
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 · Schedule J · 16 reported individuals · Filing year 2024

General Manager
officer (unspecified)
$329k
$354k
Base
$243k
Bonus
Other
Benefits
$28k
Finance Manager
officer (unspecified)
$290k
$312k
Base
$151k
Bonus
Other
Benefits
$43k
Operations Manager
highest compensated employee
$238k
$256k
Base
$161k
Bonus
Other
Benefits
$24k
Line Foreman
highest compensated employee
$221k
$238k
Base
$154k
Bonus
Other
Benefits
$41k
System Technician
highest compensated employee
$207k
$223k
Base
$144k
Bonus
Other
Benefits
$24k
Line Foreman
highest compensated employee
$202k
$217k
Base
$147k
Bonus
Other
Benefits
$41k
Line Foreman
highest compensated employee
$202k
$217k
Base
$145k
Bonus
Other
Benefits
$41k
Acting Sec/treas
officer (unspecified)
$36k
$39k
$34k
$37k
Director
board member
$34k
$36k
Sec/treas
officer (unspecified)
$33k
$36k
Director
board member
$31k
$33k
Director
board member
$31k
$33k
Director
board member
$31k
$33k
Vice-pres
officer (unspecified)
$30k
$33k
Director
board member
$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.

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.
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.
Create free account
Already a member? Sign in
Build a benchmark

Compare any role, sector, or revenue band

Build your own benchmark from millions of reported positions.