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Filing year 2024

TRAVERSE ELECTRIC COOPERATIVE INC

Wheaton, Minnesota·EIN 41-0581955·501(c)(12)
Total revenue
$14.4M
Total assets
$43.6M
Total expenses
$14.4M
Reported officers
15
Mission

TO PROVIDE ELECTRIC SERVICE AT THE LOWEST POSSIBLE RATES, CONSISTENT WITH SOUND BUSINESS PRINCIPLES.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 15 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
$277k
$298k
Base
$196k
Bonus
Other
Benefits
$25k
Operations Manager
75th to 90th percentile
$191k
$205k
Base
$127k
Bonus
Other
Benefits
$25k
Office Manager
Above 90th percentile
$188k
$202k
Base
$124k
Bonus
Other
Benefits
$25k
Journey Lineworker/line Foreman
Highest Compensated Employee
25th percentile to median
$163k
$175k
Base
$108k
Bonus
Other
Benefits
$25k
Journey Lineworker
Highest Compensated Employee
25th percentile to median
$156k
$168k
Base
$101k
Bonus
Other
Benefits
$27k
Journey Lineworker
Highest Compensated Employee
25th percentile to median
$155k
$166k
Base
$101k
Bonus
Other
Benefits
$25k
Treasurer
Officer (Unspecified)
$8k
$8k
Director
Board Member
25th percentile to median
$7k
$7k
Director
Board Member
25th percentile to median
$6k
$7k
Secetary
Officer (Unspecified)
$6k
$6k
President
Below 10th percentile
$5k
$6k
Director
Board Member
25th percentile to median
$5k
$5k
Director
Board Member
25th percentile to median
$5k
$5k
Director
Board Member
25th percentile to median
$5k
$5k
Vice President
10th to 25th percentile
$3k
$4k

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 30%
from 2023

From $213k in 2023 to $277k in 2024.

$213k
2023
$277k
2024
In today's dollarsEst.
Up 27% in real terms$235k to $298k

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 30% from 2023 to 2024, while revenue fell 2%.

$213k in 2023 to $277k in 2024.
  • Office Manager pay fell 9% from 2023 to 2024.
  • Highest Compensated Employee pay rose 4% 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

TRAVERSE ELECTRIC COOPERATIVE INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$14.7M
$14.7M
2023
$14.4M
$14.4M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about TRAVERSE ELECTRIC COOPERATIVE INC

What does the General Manager of TRAVERSE ELECTRIC COOPERATIVE INC earn?

In 2024, the General Manager of TRAVERSE ELECTRIC COOPERATIVE INC received $276,790 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 TRAVERSE ELECTRIC COOPERATIVE INC compare with similar nonprofits?

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

What are TRAVERSE ELECTRIC COOPERATIVE INC's revenue and expenses?

In 2024, TRAVERSE ELECTRIC COOPERATIVE INC reported $14.4M in total revenue and $14.4M in total expenses on its IRS Form 990.

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