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NODAK ELECTRIC COOPERATIVE INC
NODAK ELECTRIC COOPERATIVE INC
ND · EIN 450172533
16
Executives Disclosed
$140.0M
Annual Revenue
$177.3M
Total Assets
1.9:1
Internal Pay Ratio
NODAK ELECTRIC COOPERATIVE INC has 16 executives with disclosed compensation. The highest-paid executive, Mylo Einarson (President/CEO), received peak total compensation of $413,433.
Top Executive Compensation Over Time
Executive Compensation
| Name | Title | Peak Comp. | Latest Comp. | Years | vs. Household |
|---|---|---|---|---|---|
| Mylo Einarson | President/CEO | $413K | $413K | 2020–2024 | 5.5x |
| Steve Breidenbach | Engineering Manager | $241K | $171K | 2020–2023 | 3.2x |
| Tom Edwards | Accounting and Finance Manager | $237K | $237K | 2020–2024 | 3.2x |
| Blaine Rekken | Customer and Energy Services Manager | $223K | $223K | 2020–2024 | 3x |
| Dan Schaefer | Line Superintendant | $221K | $221K | 2020–2024 | 3x |
| Cole Johnson | Engineering Manager | $188K | $188K | 2023–2024 | 2.5x |
| David Brag | Secretary Treasurer | $19K | $0 | 2020–2024 | 0.3x |
| Luther Meberg | Chairman | $18K | $0 | 2020–2024 | 0.2x |
| David Hagert | Director | $16K | $0 | 2020–2024 | 0.2x |
| Pete Naastad | Director | $16K | $0 | 2020–2024 | 0.2x |
| Steve Smaaladen | Director | $15K | $0 | 2020–2024 | 0.2x |
| Cheryl Osowski | Director | $14K | $0 | 2020–2024 | 0.2x |
| Ryan Benson | Director | $14K | $0 | 2021–2024 | 0.2x |
| David Kent | Director | $13K | $0 | 2020–2024 | 0.2x |
| Paul Sigurdson | Director | $13K | $0 | 2020–2021 | 0.2x |
| Les Windjue | Vice Chairman | $13K | $0 | 2020–2024 | 0.2x |
Annual Summary
| Year | Executives | Avg. Comp. | Highest Comp. | Total Payroll |
|---|---|---|---|---|
| 2020 | 14 | $224K | $321K | $1.1M |
| 2021 | 15 | $233K | $337K | $1.2M |
| 2022 | 14 | $246K | $362K | $1.2M |
| 2023 | 15 | $229K | $381K | $1.4M |
| 2024 | 14 | $257K | $413K | $1.3M |