CSCharityScored
90

Verendrye Electric Cooperative Inc

Other · Velva, North Dakota

615 Highway 52 W, Velva, ND 58790-7417

EIN: 450206162· Founded: Sep 1952· 74 years active· Filing Year: 2023

Annual Revenue

$58.3M

Total Expenses

$56.5M

Total Assets

$181.2M

Program Spending

101%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$1.3M

2.3% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$6.2M

Total Payroll

$7.5M

13% of total expenses

Where the Money Goes

100%
Programs: 100%
Payroll: 13%
Other overhead: -1%
Program Revenue$57.3M (98%)
Total Expenses$56.5M (97%)
Payroll$7.5M (13%)
Overhead (non-program)-1%

Trust Score Breakdown

Program Spending Ratio

101% of expenses go to programs

40%

Revenue & Stability

$58.3M annual revenue

15%

Executive Compensation

$1.3M total officer comp (2.3% of expenses)

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$181.2M in assets

10%

Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.