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Filing year 2024

WRIGHT-HENNEPIN COOPERATIVE ELECTRIC ASSOCIATION

Rockford, Minnesota·EIN 41-0621437·12
Total revenue
$125.2M
Total assets
$284.3M
Total expenses
$124.3M
Reported officers
23
Mission

WE DELIVER THE POWER, PRODUCTS AND COMPETITIVE PRICING ESSENTIAL FOR IMPROVING THE QUALITY OF LIFE OF THE MEMBERS AND COMMUNITIES WE SERVE.

Executive compensation, broken down

Form 990 · Schedule J · 22 reported individuals · Filing year 2024

$625k
$666k
Base
$373k
Bonus
$141k
Other
$7k
Benefits
$34k
VP of Power Supply
vice president
$587k
$626k
Base
$232k
Bonus
$62k
Other
$2k
Benefits
$235k
Operations Director
$287k
$306k
Base
$207k
Bonus
$35k
Other
$1k
Benefits
$2k
Engineering Director
key employee
$285k
$304k
Base
$182k
Bonus
$36k
Other
Benefits
$27k
Line Crew Foreman
highest compensated employee
$265k
$282k
Base
$196k
Bonus
$2k
Other
$8k
Benefits
$36k
Relief Line Crew Foreman
highest compensated employee
$253k
$270k
Base
$187k
Bonus
$2k
Other
$8k
Benefits
$34k
Line Crew Foreman
highest compensated employee
$250k
$266k
Base
$182k
Bonus
$2k
Other
$6k
Benefits
$35k
Relief Line Crew Foreman
highest compensated employee
$237k
$253k
Base
$177k
Bonus
$2k
Other
$7k
Benefits
$33k
Relief Line Crew Foreman
highest compensated employee
$235k
$251k
Base
$190k
Bonus
$2k
Other
$6k
Benefits
$14k
VP of Human Resources
vice president
$229k
$244k
Base
$129k
Bonus
$24k
Other
$278
Benefits
$23k
VP of Communications
vice president
$223k
$237k
Base
$146k
Bonus
$13k
Other
$1k
Benefits
$29k
$161k
$172k
Base
$121k
Bonus
$2k
Other
$609
Benefits
$15k
Former CFO
former officer/director/trustee
$107k
$114k
Base
$107k
Bonus
Other
Benefits
Chair
board chair
$27k
$29k
Secretary-treasurer
officer (unspecified)
$26k
$28k
Director
board member
$26k
$27k
Director
board member
$24k
$26k
Director
board member
$24k
$25k
Director
board member
$21k
$23k
Director
board member
$20k
$22k
Vice Chair/director (beg Apr)
officer (unspecified)
$20k
$21k
Director/vice Chair (beg Apr)
board chair
$19k
$21k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 1 unpaid individual.

Up 11%
from 2023

From $564k in 2023 to $625k in 2024.

$564k
2023
$625k
2024
In today's dollarsEst.
Up 8% in real terms$616k to $666k

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, 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

WRIGHT-HENNEPIN COOPERATIVE ELECTRIC ASSOCIATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$125.1M
$121.8M
2023
$125.2M
$124.3M
2024
Total revenue and total expenses from IRS Form 990 filings.
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