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Filing year 2024

CHERRYLAND ELECTRIC COOPERATIVE INC

Grawn, Michigan·EIN 38-0416525·501(c)(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 · Part VII & Schedule J · 15 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
$319k
$344k
Base
$250k
Bonus
Other
Benefits
$18k
COO
75th to 90th percentile
$289k
$311k
Base
$208k
Bonus
Other
Benefits
$21k
CFO
75th to 90th percentile
$255k
$274k
Base
$184k
Bonus
Other
Benefits
$17k
Crew Foreman
Highest Compensated Employee
Median to 75th percentile
$213k
$229k
Base
$148k
Bonus
Other
Benefits
$14k
Crew Foreman
Highest Compensated Employee
Median to 75th percentile
$212k
$228k
Base
$173k
Bonus
Other
Benefits
$17k
Lineman
Highest Compensated Employee
Median to 75th percentile
$203k
$218k
Base
$156k
Bonus
Other
Benefits
$17k
Crew Foreman
Highest Compensated Employee
Median to 75th percentile
$198k
$213k
Base
$161k
Bonus
Other
Benefits
$17k
Former General Manager
General Manager
25th percentile to median
$167k
$180k
Base
$156k
Bonus
Other
Benefits
$7k
Treasurer
Officer (Unspecified)
$20k
$22k
Director
Board Member
Median to 75th percentile
$20k
$21k
Senior Vice President
Below 10th percentile
$20k
$21k
Director
Board Member
Median to 75th percentile
$19k
$21k
President
10th to 25th percentile
$19k
$21k
Secretary
Officer (Unspecified)
$19k
$21k
Director
Board Member
Median to 75th percentile
$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.

Pay for the position

Chief Executive Officer pay rose 28% from 2023 to 2024, while revenue rose 11%.

$249k in 2023 to $319k in 2024.
  • Chief Operating Officer pay fell 49% from 2023 to 2024.
  • Chief Financial Officer pay rose 4% 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

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.
FAQ

Common questions about CHERRYLAND ELECTRIC COOPERATIVE INC

What does the Chief Executive Officer of CHERRYLAND ELECTRIC COOPERATIVE INC earn?

In 2024, the Chief Executive Officer of CHERRYLAND ELECTRIC COOPERATIVE INC received $319,352 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 CHERRYLAND ELECTRIC COOPERATIVE INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at CHERRYLAND ELECTRIC COOPERATIVE INC falls in the top 10%.

What are CHERRYLAND ELECTRIC COOPERATIVE INC's revenue and expenses?

In 2024, CHERRYLAND ELECTRIC COOPERATIVE INC reported $66.3M in total revenue and $60.5M in total expenses on its IRS Form 990.

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