Mission
Dedicated to provide safe, low cost, reliable electricity to all our members.
Public Charity
DOUGLAS ELECTRIC COOPERATIVE INC
Based in Armour, SD, DOUGLAS ELECTRIC COOPERATIVE INC operates as a Public Charity. The organization reported $3.7M in revenue, $3.7M in expenses, $11.1M in total assets for fiscal year 2025.
EIN: 460217086
Armour, SD
Latest filing: 2025
Total Revenue$3.7M
Total Expenses$3.7M
Total Assets$11.1M
Grant Records0
Filing Years2021–2025
Officers & Directors
Treasurer
Blake Ligtenberg
Director
Eric Neugebauer
Manager
Jay Spaans
Secretary
Joel Baier
Vice President
Larry Vander Ley
President
Wayne Lefers
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $3.7M | $3.7M | $11.1M |
| 2024 | $3.4M | $3.4M | $10.1M |
| 2023 | $3.3M | $3.3M | $9.7M |
| 2022 | $3.3M | $3.3M | $9.4M |
| 2021 | $3.1M | $3.1M | $9.1M |
Between 2021 and 2025, reported annual revenue grew from $3.1M to $3.7M (+19%), with total assets most recently reported at $11.1M.
Interactive year-over-year charts and full filing details available with membership.