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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Wells Rural Electric Company

Wells Rural Electric Company

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

PO Box 365
Wells, Nevada 89835

Wells Rural Electric Company (EIN: 88-0086059) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Wells Rural Electric Company, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 11 out of 61 total employees. Among the employees shown here, the average compensation is $259,635. The highest compensated employee at Wells Rural Electric Company is Clay R Fitch with fiscal year 2024 compensation of $368,507.

Revenue, expenses, and employee compensation

Revenue

$44,088,529

Expenses

$40,858,420

Employee compensation

$6,346,431
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Clay R Fitch
Emeritus CEO
$368,507
$257,318 No related comp$111,189
Thad Ballard
Chief Executive Officer
$353,013
$212,214 No related comp$140,799
Ryan Brodsho
Planning Director
$269,550
$167,545 No related comp$102,005
Cynthia Good
Director of ACCT, Finance,Hr
$256,225
$155,267 No related comp$100,958
Zane Peters
Troubleman
$247,058
$176,363 No related comp$70,695
Jeffery Cromie
Director of Strategy/Bus. DEV
$246,674
$168,986 No related comp$77,688
Kyle Murphy
Foreman
$246,181
$183,997 No related comp$62,184
Todd Brethauer
Substation Foreman
$239,663
$158,877 No related comp$80,786
Jacob Manning
Foreman
$226,860
$157,131 No related comp$69,729
James Wines
Foreman
$222,838
$165,158 No related comp$57,680
Mike Girolamo
Operations Director
$179,413
$140,639 No related comp$38,774

Benchmark Employee Compensation

Non-Employee Board Members

Scott Egbert
President
$46,192
$46,192 No related compNo other comp
Gerald Anderson
Director
$44,012
$44,012 No related compNo other comp
Robert Wilcox
Director
$25,908
$25,908 No related compNo other comp
M Jonathan Dahl
Vice President
$24,625
$24,625 No related compNo other comp
Ouida Madison
Director
$22,350
$22,350 No related compNo other comp
Cameron Huff
Director
$21,925
$21,925 No related compNo other comp
Tony MacIas
Director
$18,850
$18,850 No related compNo other comp
Bruce Widmer
Director
$17,250
$17,250 No related compNo other comp
Alfred Montes de, Oca
Director
$16,800
$16,800 No related compNo other comp
Kirk Dahl
Director
$16,800
$16,800 No related compNo other comp
Jim Whited
Secretary and Treasurer
$16,800
$16,800 No related compNo other comp

Contractors

Western Line Builders Inc
Line Construction
$582,738
Dynamic Electrical Solutions
Engineering
$192,660
Power Engineers
Engineering
$177,720
David Angell
Engineering
$161,350
Nne Construction
Construction Contractor
$131,509

Mission Statement

WELLS RURAL ELECTRIC COMPANY IMPROVES THE QUALITY OF LIFE OF THE COMMUNITIES WE SERVE BY MEETING THE CHANGING NEEDS OF OUR MEMBERS THROUGH THE GUIDING PRINCIPLES OF OUR LOCALLY CONTROLLED COOPERATIVE.

Revisions to this organization profile

November 17, 2025:
2024 Wells Rural Electric Company 990 filed
November 16, 2024:
2023 Wells Rural Electric Company 990 filed
November 6, 2023:
2022 Wells Rural Electric Company 990 filed

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