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NORTHERN ELECTRIC COOPERATIVE INCORPORATED
NORTHERN ELECTRIC COOPERATIVE INCORPORATED
SD · EIN 460151015
44
Executives Disclosed
$31.4M
Annual Revenue
$117.4M
Total Assets
1.6:1
Internal Pay Ratio
NORTHERN ELECTRIC COOPERATIVE INCORPORATED has 44 executives with disclosed compensation. The highest-paid executive, Charlene Hager (CEO), received peak total compensation of $284,456.
Top Executive Compensation Over Time
Executive Compensation
| Name | Title | Peak Comp. | Latest Comp. | Years | vs. Household |
|---|---|---|---|---|---|
| Charlene Hager | CEO | $284K | $292K | 2016–2024 | 3.8x |
| Martin Newman | LINE FOREMAN | $208K | $155K | 2022–2024 | 2.8x |
| Derek Gorecki | IT MANAGER | $192K | $197K | 2018–2024 | 2.6x |
| Jerome Weber | OPERATIONS MANAGER | $189K | $196K | 2023–2024 | 2.5x |
| Russ Ulmer | MEMBER SERVICES MANAGER | $182K | $189K | 2019–2022 | 2.4x |
| Jerry Weber | OPERATIONS MANAGER | $177K | $184K | 2020–2022 | 2.4x |
| Russel Ulmer | MEMBER SERVICES MANAGER | $177K | $179K | 2023–2024 | 2.4x |
| Cathi Podoll | CFO | $174K | $179K | 2016–2021 | 2.3x |
| Benjamin Peterson | LINE FOREMAN | $168K | $175K | 2024–2024 | 2.2x |
| Ben Peterson | LINE FOREMAN | $164K | $171K | 2022–2022 | 2.2x |
| Michael Kelly | OPERATIONS MANAGER | $143K | $0 | 2018–2018 | 1.9x |
| Steven Beck | JOURNEYMAN LINEMAN | $133K | $0 | 2023–2023 | 1.8x |
| Lorisa Rudolph | CFO | $131K | $0 | 2023–2024 | 1.7x |
| Lorisa Rudolph - Joined 22022 | CFO | $91K | $0 | 2022–2022 | 1.2x |
| Cathi Podoll - Left 72022 | CFO | $87K | $0 | 2022–2022 | 1.2x |
| Todd Hettich | VICE PRESIDENT | $14K | $0 | 2019–2024 | 0.2x |
| Nolan Wipf | PRESIDENT | $11K | $0 | 2017–2024 | 0.1x |
| William Hansen | DIRECTOR | $9K | $0 | 2023–2024 | 0.1x |
| Josh Larson | TREASURER | $9K | $0 | 2017–2024 | 0.1x |
| Scott Sperry | DIRECTOR/SEC FROM 06/2024 | $7K | $0 | 2023–2024 | 0.1x |
| Kirk Schaunaman | DIRECTOR | $7K | $0 | 2019–2024 | 0.1x |
| Mike Traxinger | DIRECTOR | $6K | $0 | 2021–2024 | 0.1x |
| Glen Larson | SECRETARY (UNTIL 09/2018) | $5K | $0 | 2016–2018 | 0.1x |
| Ronald Kaaz | SECRETARY UNTIL 06/2024 | $5K | $0 | 2020–2024 | 0.1x |
| Ron Kaaz | DIRECTOR/SECRETARY FROM 09/2019 | $5K | $0 | 2019–2019 | 0.1x |
| Donna Sharp | PRESIDENT | $5K | $0 | 2016–2021 | 0.1x |
| Fran Esser | DIRECTOR UNTIL 06/2024 | $4K | $0 | 2016–2024 | 0.1x |
| Donna Sharp - Left 92022 | PRESIDENT | $4K | $0 | 2022–2022 | 0.1x |
| Mike McHugh | PRESIDENT UNTIL 09/2017 | $4K | $0 | 2016–2017 | 0.1x |
| Mark Sumption | DIRECTOR - LEFT 9/2021 | $4K | $0 | 2016–2021 | 0.1x |
| Jeff Vanderwal | DIRECTOR | $4K | $0 | 2021–2021 | 0x |
| Thomas Lambert | DIRECTOR FROM 06/2024 | $3K | $0 | 2024–2024 | 0x |
| Victor Fischbach | DIRECTOR | $3K | $0 | 2016–2019 | 0x |
| Bruce Schumacher | DIRECTOR FROM 06/2024 | $3K | $0 | 2024–2024 | 0x |
| Wayne Holt | TREASURER UNTIL 09/2019 | $3K | $0 | 2016–2019 | 0x |
| William Hansen - Joined 52022 | DIRECTOR | $3K | $0 | 2022–2022 | 0x |
| Randy Kienow | VICE PRESIDENT UNTIL 07/2019 | $2K | $0 | 2016–2019 | 0x |
| Nolan Wipf Started 91416 | DIRECTOR | $2K | $0 | 2016–2016 | 0x |
| Victor Fischbach - Left 92020 | DIRECTOR | $2K | $0 | 2020–2020 | 0x |
| Victor Gross Left 91416 | PRESIDENT | $2K | $0 | 2016–2016 | 0x |
| Ronald Kaaaz | DIRECTOR (STARTING 09/2018) | $2K | $0 | 2018–2018 | 0x |
| Jeff Vanderwal - Joined 92020 | DIRECTOR | $1K | $0 | 2020–2020 | 0x |
| Scott Sperry - Joined 92022 | DIRECTOR | $1K | $0 | 2022–2022 | 0x |
| Jeff Vanderwal - Left 32022 | DIRECTOR | $608 | $0 | 2022–2022 | 0x |
Annual Summary
| Year | Executives | Avg. Comp. | Highest Comp. | Total Payroll |
|---|---|---|---|---|
| 2016 | 12 | $199K | $199K | $199K |
| 2017 | 12 | $216K | $216K | $216K |
| 2018 | 14 | $194K | $238K | $389K |
| 2019 | 15 | $184K | $248K | $553K |
| 2020 | 15 | $189K | $281K | $945K |
| 2021 | 15 | $198K | $268K | $991K |
| 2022 | 19 | $206K | $284K | $1.2M |
| 2023 | 16 | $210K | $284K | $839K |
| 2024 | 18 | $199K | $292K | $1.2M |
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