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Filing year 2023

VERENDRYE ELECTRIC COOPERATIVE INC

Velva, North Dakota·EIN 45-0206162·501(c)(12)
Total revenue
$58.3M
Total assets
$181.2M
Total expenses
$56.5M
Reported officers
18
Mission

TO PROVIDE QUALITY ELECTRIC SERVICE AT A COMPETITIVE COST STRENGTHEN THE AREA ECONOMY & LEAD IN IMPROVING THE REGIONS QUALITY OF LIFE THROUGH INNOVATION WHILE OPERATING WITHIN THE COOPERATIVE PRINCIPLES

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 18 reported individuals · Filing year 2023

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

General Manager
Above 90th percentile
$392k
$433k
Base
$266k
Bonus
Other
$5k
Benefits
$23k
Engineering Manager
Key Employee
Median to 75th percentile
$255k
$281k
Base
$178k
Bonus
Other
$2k
Benefits
$10k
Business Manager
75th to 90th percentile
$227k
$251k
Base
$168k
Bonus
Other
$429
Benefits
$23k
Operations Manager
75th to 90th percentile
$226k
$250k
Base
$151k
Bonus
Other
$1k
Benefits
$22k
Computer Engineer
Highest Compensated Employee
Median to 75th percentile
$205k
$227k
Base
$134k
Bonus
Other
$1k
Benefits
$22k
Area Foreman
Highest Compensated Employee
Median to 75th percentile
$187k
$207k
Base
$126k
Bonus
Other
$572
Benefits
$22k
Lineman
Highest Compensated Employee
Median to 75th percentile
$187k
$207k
Base
$128k
Bonus
Other
$331
Benefits
$22k
Lineman
Highest Compensated Employee
Median to 75th percentile
$182k
$201k
Base
$129k
Bonus
Other
$327
Benefits
$16k
Member Service Manager
Highest Compensated Employee
Median to 75th percentile
$179k
$197k
Base
$127k
Bonus
Other
$1k
Benefits
$22k
Vice President
25th percentile to median
$24k
$26k
Asst Secretary Treasurer
Officer (Unspecified)
$23k
$26k
Director
Board Member
25th percentile to median
$12k
$14k
Director
Board Member
25th percentile to median
$11k
$12k
President
Below 10th percentile
$10k
$11k
Secretary Treasurer
Officer (Unspecified)
$10k
$11k
Director
Board Member
25th percentile to median
$9k
$10k
Director
Board Member
25th percentile to median
$7k
$7k
Director
Board Member
25th percentile to median
$6k
$7k

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.

FAQ

Common questions about VERENDRYE ELECTRIC COOPERATIVE INC

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

In 2023, the General Manager of VERENDRYE ELECTRIC COOPERATIVE INC received $391,901 in total compensation. This pay is in the top 10% for General Manager roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does General Manager pay at VERENDRYE ELECTRIC COOPERATIVE INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the General Manager at VERENDRYE ELECTRIC COOPERATIVE INC falls in the top 10%.

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

In 2023, VERENDRYE ELECTRIC COOPERATIVE INC reported $58.3M in total revenue and $56.5M in total expenses on its IRS Form 990.

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