Northern Electric Cooperative
Nonprofit profile at a glance
- EIN
- 460151015
- IRS 990 coverage
- 2010–2025
- Forms available
- Form 990 2025
- Location
- Bath, SD, USA
- Phone
- 6052250310
- Rating confidence
- Limited
Reported finances
- Revenue
- $33,611,616
- Expenses
- $33,611,616
- Assets
- $123,815,291
- Liabilities
- $85,760,767
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- NOLAN WIPF (PRESIDENT)
- TODD HETTICH (VICE PRESIDENT)
- CHARLENE HAGER (CEO)
Highest reported compensation
- CHARLENE HAGER (CEO): $264,306 total reported compensation
- DEREK GORECKI (IT MANAGER): $207,025 total reported compensation
- JEROME WEBER (OPERATIONS MANAGER): $193,632 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2025
Provided electric service to approximately 6,938 members/meters and added/replaced 75 miles of line and retired 70 miles of line.
Operating model
- Revenue model
- Other-operating. 99% of the money available for current operations came from other operating 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 verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 66
- Accountability: 95
- Sustainability: 41
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 7th percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- 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: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th 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
Sustainability
- Operating margin: 0%; rating input score 23; 23rd percentile among comparable filings
- Total-asset coverage ratio: 3.68; rating input score 72; 72nd percentile among comparable filings
- Liabilities to assets ratio: 0.69; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 4.1%; rating input score 64; 64th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 2.4% per year; rating input score 100; 17th percentile among comparable filings
- Asset growth: 5.7% per year; rating input score 100; 40th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 9 of 9 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $264K · 16 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.6M reported
- Consistency: 12 of 12 current checks pass
- Schedules: 3 filed schedules · includes executive pay
- Filing history: 16 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 16 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Sustainability: Operating margin scored 23/100.
- Review — Accountability: Governance controls: Document-retention policy not reported.
- High — Sustainability: Liabilities to assets ratio scored 15/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.