Mission
Rural Electric Cooperative serving 20000+ accounts in Northeastern ND
Public Charity
NODAK ELECTRIC COOPERATIVE INC
Based in Grand Forks, ND, NODAK ELECTRIC COOPERATIVE INC operates as a Public Charity. The organization reported $147.3M in revenue, $145.5M in expenses, $182.5M in total assets for fiscal year 2025.
EIN: 450172533
Grand Forks, ND
Latest filing: 2025
Total Revenue$147.3M
Total Expenses$145.5M
Total Assets$182.5M
Grant Records0
Filing Years2021–2025
Where $100 goes at Nodak Electric Cooperative Inc
How Nodak Electric Cooperative Inc divides every $100 it spends, from its own Form 990 filings, averaged across 6 years.
$100
Programs
the work itself
<$1
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $100 for programs
$85
Power cost expense to provide electricity to 20,000 accounts
$10
Other program services to provide electric service to 20,000 accounts
$3
Depreciation expense to provide electric service to 20,000 accounts
Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
Accounting and Finance Manager
Andrew Peterson
Customer and Energy Services Manager
Blaine Rekken
Director
Cheryl Osowski
Engineering Manager
Cole Johnson
Director
David Brag
Director
David Hagert
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $147.3M | $145.5M | $182.5M |
| 2024 | $140.0M | $138.3M | $177.3M |
| 2023 | $137.6M | $135.3M | $171.0M |
| 2022 | $145.0M | $141.9M | $167.9M |
| 2021 | $119.8M | $111.8M | $162.1M |
Between 2021 and 2025, reported annual revenue grew from $119.8M to $147.3M (+23%), with total assets most recently reported at $182.5M.
Interactive year-over-year charts and full filing details available with membership.