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Filing year 2023

CLOVERLAND ELECTRIC COOPERATIVE

Sault Ste Marie, Michigan·EIN 38-0429495·12
Total revenue
$90.7M
Total assets
$223.3M
Total expenses
$83.7M
Reported officers
17
Mission

ELECTRIC COOPERATIVE

Executive compensation, broken down

Form 990 · Schedule J · 17 reported individuals · Filing year 2023

$519k
$573k
Base
$368k
Bonus
Other
Benefits
$32k
Base
$298k
Bonus
Other
Benefits
$16k
Dir of Engineering
highest compensated employee
$206k
$227k
Base
$144k
Bonus
Other
Benefits
$21k
Line Foreman
highest compensated employee
$195k
$216k
Base
$150k
Bonus
Other
Benefits
$19k
Dir of Generation
highest compensated employee
$194k
$215k
Base
$147k
Bonus
Other
Benefits
$10k
Director of Finance
$188k
$208k
Base
$134k
Bonus
Other
Benefits
$19k
Lineman
highest compensated employee
$186k
$206k
Base
$142k
Bonus
Other
Benefits
$19k
Line Foreman
highest compensated employee
$183k
$203k
Base
$143k
Bonus
Other
Benefits
$15k
Chairperson
board chair
$11k
$13k
Director
board member
$11k
$12k
Secretary/treasurer
officer (unspecified)
$10k
$11k
Director
board member
$10k
$11k
Vice Chairperson
board vice chair
$10k
$11k
Director
board member
$9k
$10k
Director
board member
$8k
$9k
Director
board member
$8k
$9k
Director
board member
$8k
$9k

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.

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