NonprofitsNodak Electric Cooperative Inc

Nodak Electric Cooperative Inc

GRAND FORKS, ND

Total revenue

$140.0M

Total expenses

$138.3M

Net assets

$72.8M

Grants received

EIN

450172533

Tax year

2024

Mission

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

Programs

3 programs

Depreciation expense to provide electric service to 20,000 accounts

Expenses: $5.0M

Interest expense to provide electric service to 20,000 accounts

Expenses: $2.3M

Other program services to provide electric service to 20,000 accounts.

Expenses: $13.5M

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$138.1M
Investment income$1.1M
Other revenue$792K
Total revenue$140.0M

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$135.0M
Total expenses$138.3M
Total assets$177.3M
Net assets$72.8M

People

14 listed

NameRoleCompensation

David Brag

Secretary Treasurer

Board

$17K

4 hrs/wk

Luther Meberg

Chairman

Board

$17K

12 hrs/wk

Pete Naastad

Director

Board

$15K

4 hrs/wk

David Hagert

Director

Board

$14K

3 hrs/wk

Cheryl Osowski

Director

Board

$14K

10 hrs/wk

Steve Smaaladen

Director

Board

$13K

4 hrs/wk

Ryan Benson

Director

Board

$13K

17 hrs/wk

David Kent

Director

Board

$12K

10 hrs/wk

Les Windjue

Vice Chairman

Board

$12K

5 hrs/wk

Mylo Einarson

President/CEO

Staff

$323K

50 hrs/wk

Tom Edwards

Accounting and Finance Manager

Staff

$161K

40 hrs/wk

Dan Schaefer

Line Superintendant

Staff

$158K

40 hrs/wk

Blaine Rekken

Customer and Energy Services Manager

Staff

$150K

40 hrs/wk

Cole Johnson

Engineering Manager

Staff

$136K

40 hrs/wk

Independent contractors

North Plains Utility

Utility Contractor

$744K

Arrow E Tree LLC

Tree Contractor

$341K

Ace Utility Services

Utility Contractor

$225K

Dakota Tree Service

Tree Contractor

$114K

Details

EIN450172533
Subsection12
Ruling date1942-11
Formed1939
Employees73
Volunteers0
NODAK ELECTRIC COOPERATIVE INC — Mission, Financials & Grants Received | Grantivo