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Filing year 2024

Alger Delta Cooperative Electric Association

Gladstone, Michigan·EIN 38-0289531·12
Total revenue
$18.6M
Total assets
$58M
Total expenses
$18.6M
Reported officers
17
Mission

Electrical distribution utility providing service to rural areas

Executive compensation, broken down

Form 990 · Schedule J · 17 reported individuals · Filing year 2024

General Manager
officer (unspecified)
$216k
$232k
Base
$159k
Bonus
Other
$3k
Benefits
$30k
Lineman
highest compensated employee
$197k
$212k
Base
$159k
Bonus
Other
$441
Benefits
$34k
Operations Manager
highest compensated employee
$178k
$192k
Base
$128k
Bonus
Other
$1k
Benefits
$30k
Lead Lineman
highest compensated employee
$177k
$190k
Base
$139k
Bonus
Other
$460
Benefits
$30k
Finance Manager
officer (unspecified)
$163k
$175k
Base
$112k
Bonus
Other
$1k
Benefits
$33k
Lineman
highest compensated employee
$161k
$173k
Base
$148k
Bonus
Other
$174
Benefits
$10k
Lineman
highest compensated employee
$160k
$172k
Base
$149k
Bonus
Other
$226
Benefits
$10k
Sec/treas (jul-dec)
officer (unspecified)
$11k
$12k
Director
board member
$11k
$11k
Vice President
vice president
$7k
$7k
Sec/treas (jan-jun)/pres (jul-dec)
officer (unspecified)
$7k
$7k
Director
board member
$6k
$6k
Director
board member
$5k
$6k
Director
board member
$5k
$5k
Director
board member
$4k
$4k
Director
board member
$3k
$3k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Down 2%
from 2023

From $219k in 2023 to $216k in 2024.

$219k
2023
$216k
2024
In today's dollarsEst.
Down 4% in real terms$242k to $232k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

Alger Delta Cooperative Electric Association reported revenue and expenses across 2 filing years.

RevenueExpenses
$18.5M
$18.5M
2023
$18.6M
$18.6M
2024
Total revenue and total expenses from IRS Form 990 filings.
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