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Filing year 2024

WHETSTONE VALLEY ELECTRIC COOPERATIVE

Milbank, South Dakota·EIN 46-0205275·12
Total revenue
$12.6M
Total assets
$44.6M
Total expenses
$12.5M
Reported officers
14
Mission

TO ENHANCE THE QUALITY OF LIFE IN OUR COMMUNITY BY PROVIDING THE HIGHEST LEVEL OF SERVICE, QUALITY AND VALUE IN ELECTRICITY, DISTRIBUTION AND SERVICES.

Executive compensation, broken down

Form 990 · Schedule J · 14 reported individuals · Filing year 2024

General Manager
officer (unspecified)
$293k
$315k
Base
$159k
Bonus
Other
$5k
Benefits
$37k
Operations Manager
highest compensated employee
$173k
$187k
Base
$114k
Bonus
Other
$543
Benefits
$32k
Member Services Manager
highest compensated employee
$157k
$169k
Base
$108k
Bonus
Other
$3k
Benefits
$33k
Office Manager
highest compensated employee
$130k
$140k
$15k
$16k
Secretary
officer (unspecified)
$12k
$13k
Treasurer
officer (unspecified)
$12k
$12k
Director
board member
$11k
$12k
Director
board member
$9k
$10k
Vice President
vice president
$6k
$7k
Director
board member
$6k
$7k
Director
board member
$6k
$7k
Director (beg Mar)
board member
$6k
$6k
Director (end Mar)
board member
$696
$749

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 17%
from 2023

From $251k in 2023 to $293k in 2024.

$251k
2023
$293k
2024
In today's dollarsEst.
Up 14% in real terms$277k to $315k

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

WHETSTONE VALLEY ELECTRIC COOPERATIVE reported revenue and expenses across 2 filing years.

RevenueExpenses
$11.5M
$11.4M
2023
$12.6M
$12.5M
2024
Total revenue and total expenses from IRS Form 990 filings.
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