Dakota Electric Association

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

25 people listed

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

We are a member-owned, member-focused electric distribution cooperative, striving to exceed our member's energy expectations in a changing world.

Provide electric and related services and products for approximately 117,000 members/customers.

Revenue model: Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model: Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 91.7%; rating input score 92; 8th percentile among comparable filings
Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
Foreign activity oversight: Limited
Grant itemization coverage: 93.2%; rating input score 93; 25th percentile among comparable filings
Major donor itemization: Limited
Related-party transparency: Limited

Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass

Operating margin: 0.1%; rating input score 32; 32nd percentile among comparable filings
Total-asset coverage ratio: 1.84; rating input score 60; 60th percentile among comparable filings
Liabilities to assets ratio: 0.54; rating input score 33; 33rd percentile among comparable filings
Officer compensation ratio: 2%; rating input score 55; 55th percentile among comparable filings

Program expense growth: Limited
Revenue growth: 1.2% per year; rating input score 100; 9th percentile among comparable filings
Asset growth: 3.5% per year; rating input score 100; 24th percentile among comparable filings

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 12 of 12 board members independent · 8 of 9 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $577K · 25 people listed · 4 of 6 pay-setting controls reported
Highest-paid contractors: 5 contractors listed · $5.3M reported
Consistency: 13 of 14 current checks pass · 1 finding to review
Schedules: 5 filed schedules · includes grants and executive pay
Filing history: 14 filing years from 2010 to 2024
Contacts: How to reach this organization
Money network: 26 filed money-flow records
Related organizations: 2 filed related-organization links
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.
Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Signals prioritize questions for review. They are not findings of misconduct.

Moderate — Sustainability: Operating margin scored 32/100.
Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
Review — Accountability: Governance controls: Document-retention policy not reported.
Moderate — Sustainability: Liabilities to assets ratio scored 33/100.
Review — Sustainability: Officer compensation ratio scored 55/100.