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Filing year 2024

Boone Electric Cooperative

Columbia, Missouri·EIN 43-0188985·501(c)(12)
Total revenue
$76.4M
Total assets
$224.1M
Total expenses
$72.6M
Reported officers
21
Mission

The mission of Boone Electric Cooperative is to be responsive to our members' needs by providing a dependable supply of electric energy and other services at the lowest possible cost consistent with sound business practices and cooperative principles.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 21 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

CEO
Above 90th percentile
$528k
$568k
Base
$340k
Bonus
$8k
Other
$9k
Benefits
$25k
Assistant Manager
Key Employee
Above 90th percentile
$396k
$426k
Base
$207k
Bonus
$7k
Other
$13k
Benefits
$24k
Cfo/manager of Finance
Officer (Unspecified)
$323k
$347k
Base
$190k
Bonus
$6k
Other
$11k
Benefits
$20k
Operations Manager
Above 90th percentile
$313k
$337k
Base
$160k
Bonus
$6k
Other
$12k
Benefits
$31k
Manager of Engineering and
Key Employee
75th to 90th percentile
$302k
$325k
Base
$175k
Bonus
$6k
Other
$11k
Benefits
$31k
Mgr Member Svcs
Key Employee
75th to 90th percentile
$263k
$283k
Base
$138k
Bonus
$6k
Other
$9k
Benefits
$30k
Line Foreman
Highest Compensated Employee
Median to 75th percentile
$229k
$246k
Base
$114k
Bonus
$24k
Other
$2k
Benefits
$30k
Journeyman Lineman
Highest Compensated Employee
Median to 75th percentile
$206k
$222k
Base
$113k
Bonus
$29k
Other
$1k
Benefits
$13k
Line Foreman
Highest Compensated Employee
Median to 75th percentile
$199k
$214k
Base
$99k
Bonus
$36k
Other
$1k
Benefits
$30k
Journeyman Lineman
Highest Compensated Employee
Median to 75th percentile
$184k
$197k
Base
$105k
Bonus
$35k
Other
$471
Benefits
$30k
System Engineer
Highest Compensated Employee
25th percentile to median
$165k
$177k
Base
$129k
Bonus
$3k
Other
$3k
Benefits
$13k
Treasurer
Officer (Unspecified)
$42k
$46k
Director
Board Member
Median to 75th percentile
$42k
$45k
Director
Board Member
Median to 75th percentile
$41k
$44k
President
10th to 25th percentile
$24k
$25k
Secretary
Officer (Unspecified)
$16k
$17k
Vice President
25th percentile to median
$14k
$15k
Director
Board Member
25th percentile to median
$13k
$14k
Director
Board Member
25th percentile to median
$10k
$11k
Director
Board Member
25th percentile to median
$9k
$9k
Director
Board Member
10th to 25th percentile
$4k
$4k

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 13%
from 2023

From $467k in 2023 to $528k in 2024.

$467k
2023
$528k
2024
In today's dollarsEst.
Up 10% in real terms$516k to $568k

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.

Pay for the position

Chief Executive Officer pay rose 13% from 2023 to 2024, while revenue rose 5%.

$467k in 2023 to $528k in 2024.
  • Key Employee pay rose 2% from 2023 to 2024.
  • Operations Manager pay rose 5% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

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

Revenue and expenses over time

Boone Electric Cooperative reported revenue and expenses across 2 filing years.

RevenueExpenses
$72.7M
$68.2M
2023
$76.4M
$72.6M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about Boone Electric Cooperative

What does the Chief Executive Officer of Boone Electric Cooperative earn?

In 2024, the Chief Executive Officer of Boone Electric Cooperative received $527,619 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at Boone Electric Cooperative compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at Boone Electric Cooperative falls in the top 10%.

What are Boone Electric Cooperative's revenue and expenses?

In 2024, Boone Electric Cooperative reported $76.4M in total revenue and $72.6M in total expenses on its IRS Form 990.

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