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Filing year 2023

CLOVERLAND ELECTRIC COOPERATIVE

Sault Ste Marie, Michigan·EIN 38-0429495·501(c)(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 · Part VII & Schedule J · 17 reported individuals · Filing year 2023

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

President/ceo
Above 90th percentile
$519k
$573k
Base
$368k
Bonus
Other
Benefits
$32k
COO
Above 90th percentile
$368k
$407k
Base
$298k
Bonus
Other
Benefits
$16k
Dir of Engineering
Highest Compensated Employee
Median to 75th percentile
$206k
$227k
Base
$144k
Bonus
Other
Benefits
$21k
Line Foreman
Highest Compensated Employee
Median to 75th percentile
$195k
$216k
Base
$150k
Bonus
Other
Benefits
$19k
Dir of Generation
Highest Compensated Employee
Median to 75th percentile
$194k
$215k
Base
$147k
Bonus
Other
Benefits
$10k
Director of Finance
75th to 90th percentile
$188k
$208k
Base
$134k
Bonus
Other
Benefits
$19k
Lineman
Highest Compensated Employee
Median to 75th percentile
$186k
$206k
Base
$142k
Bonus
Other
Benefits
$19k
Line Foreman
Highest Compensated Employee
Median to 75th percentile
$183k
$203k
Base
$143k
Bonus
Other
Benefits
$15k
Chairperson
Board Chair
25th percentile to median
$11k
$13k
Director
Board Member
25th percentile to median
$11k
$12k
Secretary/treasurer
Officer (Unspecified)
$10k
$11k
Director
Board Member
25th percentile to median
$10k
$11k
Vice Chairperson
Board Vice Chair
25th percentile to median
$10k
$11k
Director
Board Member
25th percentile to median
$9k
$10k
Director
Board Member
25th percentile to median
$8k
$9k
Director
Board Member
25th percentile to median
$8k
$9k
Director
Board Member
25th percentile to median
$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.

FAQ

Common questions about CLOVERLAND ELECTRIC COOPERATIVE

What does the Chief Executive Officer of CLOVERLAND ELECTRIC COOPERATIVE earn?

In 2023, the Chief Executive Officer of CLOVERLAND ELECTRIC COOPERATIVE received $518,500 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 CLOVERLAND ELECTRIC COOPERATIVE compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at CLOVERLAND ELECTRIC COOPERATIVE falls in the top 10%.

What are CLOVERLAND ELECTRIC COOPERATIVE's revenue and expenses?

In 2023, CLOVERLAND ELECTRIC COOPERATIVE reported $90.7M in total revenue and $83.7M in total expenses on its IRS Form 990.

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