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Organizations Nobles Cooperative Electric

Nobles Cooperative Electric

Fiscal year ending 2024. Filed on November 12, 2025.

1505 20th St PO Box 58
Slayton, Minnesota 56172

Nobles Cooperative Electric (EIN: 41-0443755) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Nobles Cooperative Electric, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 7 out of 27 total employees. Among the employees shown here, the average compensation is $171,318. The highest compensated employee at Nobles Cooperative Electric is Adam Tromblay with fiscal year 2024 compensation of $279,890.

Revenue, expenses, and employee compensation

Revenue

$23,526,248

Expenses

$23,107,188

Employee compensation

$487,046
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Adam Tromblay
Chief Executive Officer
$279,890
$210,359 No related comp$69,531
Daniel Fauskee
Accountant
$169,525
$105,150 No related comp$64,375
Eric Leebens
Journeyman Lineman
$165,293
$107,265 No related comp$58,028
Jeffery Ahlschlager
Journeyman Lineman
$162,392
$105,789 No related comp$56,603
Michael Reemtsma
Chief Financial Officer
$153,151
$118,413 No related comp$34,738
Jacob Sell
Journeyman Lineman
$135,377
$101,228 No related comp$34,149
Ryan Loomans
Lineman
$133,597
$107,760 No related comp$25,837

Benchmark Employee Compensation

Non-Employee Board Members

Cindy Hokeness
Secretary and Treasurer
$11,560
$11,560 No related compNo other comp
Timothy Bickett
Vice President
$8,380
$8,380 No related compNo other comp
Randy Donahue
Director
$8,095
$8,095 No related compNo other comp
Ronald Schwartau
President
$7,930
$7,930 No related compNo other comp
Gary Clarke
Director
$6,445
$6,445 No related compNo other comp
Jerry Beckering
Director
$6,180
$6,180 No related compNo other comp
Lee York
Vice President
$5,415
$5,415 No related compNo other comp

Contractors

Star Energy Services LLC
Engineering
$212,549

Mission Statement

TO MAINTAIN OUR ELECTRICAL DISTRIBUTION SYSTEM AND PROVIDE ELECTRICITY TO OUR MEMBERS IN RURAL AREAS AND COMMUNITIES IN OUR SERVICE TERRITORY.

Revisions to this organization profile

November 12, 2025:
2024 Nobles Cooperative Electric 990 filed
November 15, 2024:
2023 Nobles Cooperative Electric 990 filed
November 10, 2023:
2022 Nobles Cooperative Electric 990 filed

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