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Filing year 2024

WHETSTONE VALLEY ELECTRIC COOPERATIVE

Milbank, South Dakota·EIN 46-0205275·501(c)(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 · Part VII & Schedule J · 14 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
$293k
$315k
Base
$159k
Bonus
Other
$5k
Benefits
$37k
Operations Manager
Median to 75th percentile
$173k
$187k
Base
$114k
Bonus
Other
$543
Benefits
$32k
Member Services Manager
Highest Compensated Employee
25th percentile to median
$157k
$169k
Base
$108k
Bonus
Other
$3k
Benefits
$33k
Office Manager
75th to 90th percentile
$130k
$140k
President
10th to 25th percentile
$15k
$16k
Secretary
Officer (Unspecified)
$12k
$13k
Treasurer
Officer (Unspecified)
$12k
$12k
Director
Board Member
25th percentile to median
$11k
$12k
Director
Board Member
25th percentile to median
$9k
$10k
Vice President
10th to 25th percentile
$6k
$7k
Director
Board Member
25th percentile to median
$6k
$7k
Director
Board Member
25th percentile to median
$6k
$7k
Director (beg Mar)
Board Member
25th percentile to median
$6k
$6k
Director (end Mar)
Board Member
Below 10th percentile
$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.

Pay for the position

General Manager pay rose 17% from 2023 to 2024, while revenue rose 9%.

$251k in 2023 to $293k in 2024.
  • Highest Compensated Employee pay fell 2% from 2023 to 2024.
  • Chief Executive Officer pay rose 36% 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

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.
FAQ

Common questions about WHETSTONE VALLEY ELECTRIC COOPERATIVE

What does the General Manager of WHETSTONE VALLEY ELECTRIC COOPERATIVE earn?

In 2024, the General Manager of WHETSTONE VALLEY ELECTRIC COOPERATIVE received $292,521 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 WHETSTONE VALLEY ELECTRIC COOPERATIVE compare with similar nonprofits?

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

What are WHETSTONE VALLEY ELECTRIC COOPERATIVE's revenue and expenses?

In 2024, WHETSTONE VALLEY ELECTRIC COOPERATIVE reported $12.6M in total revenue and $12.5M in total expenses on its IRS Form 990.

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