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Filing year 2023

VERENDRYE ELECTRIC COOPERATIVE INC

Velva, North Dakota·EIN 45-0206162·12
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 · Schedule J · 18 reported individuals · Filing year 2023

General Manager
officer (unspecified)
$392k
$433k
Base
$266k
Bonus
Other
$5k
Benefits
$23k
Engineering Manager
key employee
$255k
$281k
Base
$178k
Bonus
Other
$2k
Benefits
$10k
Business Manager
officer (unspecified)
$227k
$251k
Base
$168k
Bonus
Other
$429
Benefits
$23k
Operations Manager
key employee
$226k
$250k
Base
$151k
Bonus
Other
$1k
Benefits
$22k
Computer Engineer
highest compensated employee
$205k
$227k
Base
$134k
Bonus
Other
$1k
Benefits
$22k
Area Foreman
highest compensated employee
$187k
$207k
Base
$126k
Bonus
Other
$572
Benefits
$22k
Lineman
highest compensated employee
$187k
$207k
Base
$128k
Bonus
Other
$331
Benefits
$22k
Lineman
highest compensated employee
$182k
$201k
Base
$129k
Bonus
Other
$327
Benefits
$16k
Member Service Manager
highest compensated employee
$179k
$197k
Base
$127k
Bonus
Other
$1k
Benefits
$22k
Vice President
vice president
$24k
$26k
Asst Secretary Treasurer
officer (unspecified)
$23k
$26k
Director
board member
$12k
$14k
Director
board member
$11k
$12k
$10k
$11k
Secretary Treasurer
officer (unspecified)
$10k
$11k
Director
board member
$9k
$10k
Director
board member
$7k
$7k
Director
board member
$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.

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