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Filing year 2024

CHERRYLAND ELECTRIC COOPERATIVE INC

Grawn, Michigan·EIN 38-0416525·12
Total revenue
$66.3M
Total assets
$155.2M
Total expenses
$60.5M
Reported officers
15
Mission

ELECTRIC COOPERATIVE

Executive compensation, broken down

Form 990 · Schedule J · 15 reported individuals · Filing year 2024

Base
$250k
Bonus
Other
Benefits
$18k
Base
$208k
Bonus
Other
Benefits
$21k
Base
$184k
Bonus
Other
Benefits
$17k
Crew Foreman
highest compensated employee
$213k
$229k
Base
$148k
Bonus
Other
Benefits
$14k
Crew Foreman
highest compensated employee
$212k
$228k
Base
$173k
Bonus
Other
Benefits
$17k
Lineman
highest compensated employee
$203k
$218k
Base
$156k
Bonus
Other
Benefits
$17k
Crew Foreman
highest compensated employee
$198k
$213k
Base
$161k
Bonus
Other
Benefits
$17k
Former General Manager
key employee
$167k
$180k
Base
$156k
Bonus
Other
Benefits
$7k
Treasurer
officer (unspecified)
$20k
$22k
Director
board member
$20k
$21k
Senior Vice President
senior vice president
$20k
$21k
Director
board member
$19k
$21k
$19k
$21k
Secretary
officer (unspecified)
$19k
$21k
Director
board member
$17k
$18k

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 43%
from 2023

From $564k in 2023 to $319k in 2024.

$564k
2023
$319k
2024
In today's dollarsEst.
Down 45% in real terms$623k to $344k

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

CHERRYLAND ELECTRIC COOPERATIVE INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$59.8M
$58.4M
2023
$66.3M
$60.5M
2024
Total revenue and total expenses from IRS Form 990 filings.
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