Nonprofit · EIN 46-0151015
NORTHERN ELECTRIC COOPERATIVE INCORPORATED
Tax-exempt · BATH, SD 57427
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $33,611,616 | $33,611,616 | $0 | $123,815,291 | $85,760,767 | $38,054,524 |
| December 31, 2024 | 990 | $31,354,805 | $31,354,805 | $0 | $117,373,910 | $80,068,321 | $37,305,589 |
| December 31, 2023 | 990 | $30,345,133 | $30,345,133 | $0 | $105,622,160 | $69,249,911 | $36,372,249 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $33,552,526
- Investment income
- $13,307
- Net rental income
- $21,191
- Net gain from sales of assets
- -$228,828
- Net income from sales of inventory
- $24,592
- Other revenue
- $45,783
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $1,973,356
- Compensation of officers, directors and key employees
- $530,396
- Other salaries and wages
- $2,990,900
- Salaries, compensation and benefits (total)
- $4,558,592
- Professional fundraising fees
- $0
- Depreciation
- $3,320,640
Balance sheet and other
- Total assets, start of year
- $117,373,910
- Total assets, end of year
- $123,815,291
- Total liabilities, end of year
- $85,760,767
- Net assets, end of year
- $38,054,524
- Land, buildings and equipment
- $86,579,782
- Gross unrelated business income
- $876
- Gross receipts
- $33,976,070
- Employees
- 40
- Volunteers
- 0
- Year formed
- 1941
- State of legal domicile
- SD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHARLENE HAGER | CEO Officer | 40 | $177,681 | $86,625 |
| DEREK GORECKI | IT MANAGER Highest-paid employee | 40 | $136,235 | $70,790 |
| JEROME WEBER | OPERATIONS MANAGER Highest-paid employee | 40 | $131,025 | $62,607 |
| RUSSEL ULMER | MEMBER SERVICES MANAGER Highest-paid employee | 40 | $131,357 | $57,875 |
| BRIAN HANSEN | LINE FOREMAN Highest-paid employee | 40 | $112,118 | $48,467 |
| LORISA RUDOLPH | CFO Officer | 40 | $109,554 | $42,000 |
| NICK DEAN | JOURNEYMAN LINEMAN Highest-paid employee | 40 | $109,962 | $26,787 |
| TODD HETTICH | VICE PRESIDENT Trustee or director, Officer | 5 | $16,900 | $32 |
| NOLAN WIPF | PRESIDENT Trustee or director, Officer | 5 | $13,000 | $32 |
| WILLIAM HANSEN | DIRECTOR Trustee or director | 5 | $8,850 | $32 |
| JOSH LARSON | TREASURER Trustee or director, Officer | 5 | $8,750 | $32 |
| SCOTT SPERRY | SECRETARY Trustee or director, Officer | 5 | $6,900 | $32 |
| THOMAS LAMBERT | DIRECTOR Trustee or director | 5 | $6,300 | $32 |
| BRUCE SCHUMACHER JR | DIRECTOR Trustee or director | 5 | $6,300 | $32 |
| MIKE TRAXINGER | DIRECTOR Trustee or director | 5 | $5,900 | $32 |
1 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KIRK SCHAUNAMAN | DIRECTOR Trustee or director | 5 | $5,300 | $32 |
990 for the year ended December 31, 2024: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHARLENE HAGER | CEO Officer | 40 | $171,702 | $112,754 |
| DEREK GORECKI | IT MANAGER Highest-paid employee | 40 | $131,646 | $60,620 |
| JEROME WEBER | OPERATIONS MANAGER Highest-paid employee | 40 | $126,481 | $62,383 |
| RUSSEL ULMER | MEMBER SERVICES MANAGER Highest-paid employee | 40 | $126,840 | $49,902 |
| BENJAMIN PETERSON | LINE FOREMAN Highest-paid employee | 40 | $110,900 | $56,799 |
| MARTIN NEWMAN | LINE FOREMAN Highest-paid employee | 40 | $115,030 | $35,512 |
| LORISA RUDOLPH | CFO Officer | 40 | $93,270 | $37,859 |
| TODD HETTICH | VICE PRESIDENT Trustee or director, Officer | 5 | $13,600 | $32 |
| NOLAN WIPF | PRESIDENT Trustee or director, Officer | 5 | $11,100 | $32 |
| WILLIAM HANSEN | DIRECTOR Trustee or director | 5 | $9,300 | $32 |
| JOSH LARSON | TREASURER Trustee or director, Officer | 5 | $9,050 | $32 |
| SCOTT SPERRY | DIRECTOR/SEC FROM 06/2024 Trustee or director, Officer | 5 | $7,400 | $32 |
| KIRK SCHAUNAMAN | DIRECTOR Trustee or director | 5 | $7,150 | $32 |
| MIKE TRAXINGER | DIRECTOR Trustee or director | 5 | $6,300 | $32 |
| RONALD KAAZ | SECRETARY UNTIL 06/2024 Trustee or director, Officer | 5 | $3,750 | $16 |
| THOMAS LAMBERT | DIRECTOR FROM 06/2024 Trustee or director | 5 | $3,200 | $16 |
| FRAN ESSER | DIRECTOR UNTIL 06/2024 Trustee or director | 5 | $3,150 | $16 |
| BRUCE SCHUMACHER JR | DIRECTOR FROM 06/2024 Trustee or director | 5 | $3,000 | $16 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHARLENE HAGER | CEO Officer | 40 | $166,266 | $109,862 |
| DEREK GORECKI | IT MANAGER Highest-paid employee | 40 | $127,466 | $57,957 |
| JEROME WEBER | OPERATIONS MANAGER Highest-paid employee | 40 | $122,005 | $60,220 |
| RUSSEL ULMER | MEMBER SERVICES MANAGER Highest-paid employee | 40 | $122,572 | $50,175 |
| MARTIN NEWMAN | LINE FOREMAN Highest-paid employee | 40 | $111,517 | $27,174 |
| STEVEN BECK | JOURNEYMAN LINEMAN Highest-paid employee | 40 | $103,003 | $30,152 |
| LORISA RUDOLPH | CFO Officer | 40 | $83,792 | $37,218 |
| TODD HETTICH | VICE PRESIDENT Trustee or director, Officer | 5 | $5,200 | $32 |
| NOLAN WIPF | PRESIDENT Trustee or director, Officer | 5 | $4,900 | $32 |
| FRAN ESSER | DIRECTOR Trustee or director | 5 | $4,200 | $32 |
| SCOTT SPERRY | DIRECTOR Trustee or director | 5 | $3,900 | $32 |
| KIRK SCHAUNAMAN | DIRECTOR Trustee or director | 5 | $3,800 | $32 |
| WILLIAM HANSEN | DIRECTOR Trustee or director | 5 | $3,700 | $32 |
| RONALD KAAZ | SECRETARY Trustee or director, Officer | 5 | $3,500 | $32 |
| JOSH LARSON | TREASURER Trustee or director, Officer | 5 | $3,200 | $32 |
| MIKE TRAXINGER | DIRECTOR Trustee or director | 5 | $2,800 | $32 |
Address and contacts
- Address (IRS master file)
- PO BOX 457, BATH, SD 57427-0457
- In care of
- % CHAR HAGER
- Principal officer (990 for 2025)
- CHARLENE HAGER, PO BOX 457, BATH, SD 57427
- Signed the 990
- CHARLENE HAGER, CEO
- Phone
- (605) 225-0310
- Website
- WWW.NORTHERNELECTRIC.COOP
- Return prepared by
- EIDE BAILLY ADVISORY LLC
Mission
THE PURPOSE OF THE ORGANIZATION OF NORTHERN ELECTRIC COOPERATIVE INCORPORATED IS TO PROVIDE ITS MEMBERS WITH A DEPENDABLE QUALITY AND QUANTITY OF ELECTRICAL ENERGY AT THE LOWEST POSSIBLE RATES CONSISTENT WITH SOUND BUSINESS PRACTICES AND FINANCIAL FEASIBILITY AND TO PROVIDE SUCH OTHER SERVICES THAT WOULD BE DESIRABLE FOR THE BETTERMENT OF ITS MEMBERS.
Program accomplishments
- PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 6,938 MEMBERS/METERS AND ADDED/REPLACED 75 MILES OF LINE AND RETIRED 70 MILES OF LINE.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-0151015
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1947
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $123,815,291
- Income (IRS master file)
- $33,976,070
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $33,611,616 | $33,611,616 | $123,815,291 | XML |
| 990 | December 2024 | $31,354,805 | $31,354,805 | $117,373,910 | XML |
| 990 | December 2023 | $30,345,133 | $30,345,133 | $105,622,160 | XML |
| 990 | December 2022 | $30,719,297 | $30,719,297 | $102,934,965 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-0151015).
Questions about NORTHERN ELECTRIC COOPERATIVE INCORPORATED
- What is the EIN of NORTHERN ELECTRIC COOPERATIVE INCORPORATED?
- The employer identification number (EIN) of NORTHERN ELECTRIC COOPERATIVE INCORPORATED is 46-0151015.
- Is NORTHERN ELECTRIC COOPERATIVE INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1947.
- Are donations to NORTHERN ELECTRIC COOPERATIVE INCORPORATED tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NORTHERN ELECTRIC COOPERATIVE INCORPORATED file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NORTHERN ELECTRIC COOPERATIVE INCORPORATED due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NORTHERN ELECTRIC COOPERATIVE INCORPORATED last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of NORTHERN ELECTRIC COOPERATIVE INCORPORATED?
- The 990 for the year ended December 31, 2025 names CHARLENE HAGER.
- Who are the officers and directors of NORTHERN ELECTRIC COOPERATIVE INCORPORATED?
- The 990 for the year ended December 31, 2025 lists 16 people; 16 received compensation from the organization, the highest $177,681 (CHARLENE HAGER, CEO).
- How much revenue does NORTHERN ELECTRIC COOPERATIVE INCORPORATED have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $33,611,616, expenses of $33,611,616 and total assets of $123,815,291 at year end.
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