Compensation 990

Black Hills Electric Cooperative Inc.

Fiscal year ending 2024. Filed on April 22, 2025.

PO Box 792
25191 Cooperative Way
Custer, South Dakota 57730

Black Hills Electric Cooperative Inc. (EIN: 46-0111503) has filed an IRS Form 990 since fiscal year 2020. In its fiscal year 2024 IRS Form 990 filing, Black Hills Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 9 out of 28 total employees. Among the employees shown here, the average compensation is $1,903,224. The highest compensated employee at Black Hills Electric Cooperative Inc. is Jesse Sorenson with fiscal year 2024 compensation of $8,184,293.

Revenue, expenses, and employee compensation

Revenue

$25,781,472

Expenses

$21,574,581

Employee compensation

$3,994,778
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

＋3577.1%vs 2023
Jesse Sorenson
System Coordinator
$8,184,293
$150,631 from orgNo related comp$8,033,662 other
＋3845.8%vs 2023
Jeff Barnes
IT Specialist
$7,278,268
$123,288 from orgNo related comp$7,154,980 other
＋13.2%vs 2023
Walker Witt
Chief Executive Officer
$439,903
$320,719 from orgNo related comp$119,184 other
＋6.6%vs 2023
Sammi Langendorf
Chief Financial Officer
$259,701
$173,803 from orgNo related comp$85,898 other
＋0.8%vs 2023
Bill Brisk
Manger of Operations
$230,635
$172,527 from orgNo related comp$58,108 other
＋15.5%vs 2023
Michelle Fischer
Director of Communications-Member Service
$195,929
$124,230 from orgNo related comp$71,699 other
＋6.8%vs 2023
Dean Whitney
Crew Foreman
$185,849
$119,243 from orgNo related comp$66,606 other
＋17.2%vs 2022
Beau Bradeen
Crew Foreman
$179,485
$121,377 from orgNo related comp$58,108 other
＋3.7%vs 2023
Rory Halverson
Staking Tech
$174,949
$108,343 from orgNo related comp$66,606 other

Non-Employee Board Members

＋291.4%vs 2023
Gary Kluthe
Director
$27,763
$7,763 from orgNo related comp$20,000 other
＋24.3%vs 2023
Jim Preston
Board President
$9,515
$9,515 from orgNo related compNo other comp
－16.1%vs 2023
Thad Wasson
Board Secretary
$8,630
$8,630 from orgNo related compNo other comp
＋34.6%vs 2023
Alan Bishop
Board Assistant Secretary
$8,556
$8,556 from orgNo related compNo other comp
＋66.6%vs 2023
David Lindblom
Board Vice President
$7,081
$7,081 from orgNo related compNo other comp
－13.6%vs 2023
Dennis Quivey
Director
$6,860
$6,860 from orgNo related compNo other comp
－20.4%vs 2020
Don Anderson
Board Treasurer
$6,675
$6,675 from orgNo related compNo other comp

Mission Statement

Black Hills Electric cooperative is a non-profit member owned organization whose mission is to provide great electric distribution service at the lowest cost consistent with sound business practices.

Revisions to this organization profile

April 22, 2025:
2024 Black Hills Electric Cooperative Inc. 990 filed
April 17, 2024:
2023 Black Hills Electric Cooperative Inc. 990 filed
April 22, 2023:
2022 Black Hills Electric Cooperative Inc. 990 filed

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