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Organizations Nodak Electric Cooperative Inc.

Nodak Electric Cooperative Inc.

Fiscal year ending 2024. Filed on April 17, 2025.

4000 32nd Ave S
Grand Forks, North Dakota 58201

Nodak Electric Cooperative Inc. (EIN: 45-0172533) has filed an IRS Form 990 since fiscal year 2020. In its fiscal year 2024 IRS Form 990 filing, Nodak Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 5 out of 73 total employees. Among the employees shown here, the average compensation is $256,608. The highest compensated employee at Nodak Electric Cooperative Inc. is Mylo Einarson with fiscal year 2024 compensation of $413,433.

Revenue, expenses, and employee compensation

Revenue

$139,970,585

Expenses

$138,254,060

Employee compensation

$0
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Mylo Einarson
President and Chief Executive Officer
$413,433
$323,112 No related comp$90,321
Tom Edwards
Accounting and Finance Manager
$237,334
$160,706 No related comp$76,628
Blaine Rekken
Customer and Energy Services Manager
$223,045
$149,752 No related comp$73,293
Dan Schaefer
Line Superintendant
$221,359
$158,279 No related comp$63,080
Cole Johnson
Engineering Manager
$187,868
$135,921 No related comp$51,947

Benchmark Employee Compensation

Non-Employee Board Members

David Brag
Secretary and Treasurer
$17,400
$17,400 No related compNo other comp
Luther Meberg
Chair
$17,400
$17,400 No related compNo other comp
Pete Naastad
Director
$15,000
$15,000 No related compNo other comp
David Hagert
Director
$14,250
$14,250 No related compNo other comp
Cheryl Osowski
Director
$13,650
$13,650 No related compNo other comp
Steve Smaaladen
Director
$13,200
$13,200 No related compNo other comp
Ryan Benson
Director
$12,600
$12,600 No related compNo other comp
David Kent
Director
$12,250
$12,250 No related compNo other comp
Les Windjue
Vice Chair
$12,150
$12,150 No related compNo other comp

Contractors

North Plains Utility
Utility Contractor
$744,118
Arrow E Tree LLC
Tree Contractor
$341,103
Ace Utility Services
Utility Contractor
$224,820
Dakota Tree Service Inc.
Tree Contractor
$113,910

Mission Statement

Rural Electric Cooperative serving 20,000+ accounts in Northeastern ND.

Revisions to this organization profile

April 17, 2025:
2024 Nodak Electric Cooperative Inc. 990 filed
May 1, 2024:
2023 Nodak Electric Cooperative Inc. 990 filed
May 9, 2023:
2022 Nodak Electric Cooperative Inc. 990 filed

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