Mission
Committed to provide safe, reliable, and affordable electricity to rural areas through superior customer service.
Executive compensation, broken down
Form 990 · Schedule J · 16 reported individuals · Filing year 2024
$313k
$336k
- Base
- $222k
- Bonus
- —
- Other
- —
- Benefits
- $32k
Biling Specialist
highest compensated employee
$197k
$211k
- Base
- $131k
- Bonus
- —
- Other
- —
- Benefits
- $27k
Operations Manager
highest compensated employee
$194k
$209k
$192k
$206k
- Base
- $129k
- Bonus
- —
- Other
- —
- Benefits
- $27k
Lineman
highest compensated employee
$164k
$177k
- Base
- $134k
- Bonus
- —
- Other
- —
- Benefits
- $13k
Lineman
highest compensated employee
$158k
$169k
- Base
- $127k
- Bonus
- —
- Other
- —
- Benefits
- $13k
Line Foreman
highest compensated employee
$145k
$155k
- Base
- $125k
- Bonus
- —
- Other
- —
- Benefits
- $627
President
$12k
$12k
Director
board member
$9k
$9k
Director
board member
$9k
$9k
Secretary/treasurer
officer (unspecified)
$8k
$9k
Vice President
vice president
$8k
$8k
Director
board member
$7k
$8k
Director
board member
$7k
$8k
Director
board member
$7k
$7k
Director
board member
$6k
$6k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
CEO | $222k | — | — | $32k | $313k $336k |
Biling Specialist highest compensated employee | $131k | — | — | $27k | $197k $211k |
Operations Manager highest compensated employee | — | — | — | — | $194k $209k |
CFO | $129k | — | — | $27k | $192k $206k |
Lineman highest compensated employee | $134k | — | — | $13k | $164k $177k |
Lineman highest compensated employee | $127k | — | — | $13k | $158k $169k |
Line Foreman highest compensated employee | $125k | — | — | $627 | $145k $155k |
President | — | — | — | — | $12k $12k |
Director board member | — | — | — | — | $9k $9k |
Director board member | — | — | — | — | $9k $9k |
Secretary/treasurer officer (unspecified) | — | — | — | — | $8k $9k |
Vice President vice president | — | — | — | — | $8k $8k |
Director board member | — | — | — | — | $7k $8k |
Director board member | — | — | — | — | $7k $8k |
Director board member | — | — | — | — | $7k $7k |
Director board member | — | — | — | — | $6k $6k |
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.
Up 8%
from 2023
From $291k in 2023 to $313k in 2024.
$291k
2023
$313k
2024
$291k
2023
$313k
2024
In today's dollarsEst.
Up 5% in real terms$321k to $336k
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
BAYFIELD ELECTRIC COOPERATIVE reported revenue and expenses across 2 filing years.
RevenueExpenses
$15.3M
$14.8M
2023
$15.5M
$15.2M
2024
Total revenue and total expenses from IRS Form 990 filings.
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