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Filing year 2024

FIRELANDS ELECTRIC COOPERATIVE INC

New London, Ohio·EIN 34-4232845·12
Total revenue
$25.1M
Total assets
$56.3M
Total expenses
$23.4M
Reported officers
19
Mission

RURAL DISTRIBUTION OF ELECTRIC ENERGY AND RELATED SERVICE

Executive compensation, broken down

Form 990 · Schedule J · 19 reported individuals · Filing year 2024

General Mana
officer (unspecified)
$199k
$214k
Base
$153k
Bonus
Other
Benefits
$24k
Dir Fin&acct
officer (unspecified)
$190k
$204k
Base
$143k
Bonus
Other
Benefits
$24k
Genl Mgr, Tr
officer (unspecified)
$189k
$203k
Base
$167k
Bonus
Other
Benefits
$2k
Line Superin
highest compensated employee
$133k
$143k
Lead Lineman
highest compensated employee
$133k
$143k
Engineering
highest compensated employee
$130k
$140k
Lead Lineman
highest compensated employee
$129k
$139k
Trustee
board member
$11k
$12k
$10k
$10k
Trustee
board member
$9k
$9k
Bd V-preside
officer (unspecified)
$8k
$8k
Trustee
board member
$7k
$8k
Bd Sec/treas
officer (unspecified)
$7k
$8k
Trustee
board member
$7k
$7k
Trustee
board member
$6k
$7k
Trustee
board member
$5k
$6k
Trustee
board member
$2k
$2k
Trustee
board member
$2k
$2k
Trustee
board member
$1k
$2k

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 2%
from 2023

From $203k in 2023 to $199k in 2024.

$203k
2023
$199k
2024
In today's dollarsEst.
Down 4% in real terms$224k to $214k

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

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

RevenueExpenses
$23.6M
$21.5M
2023
$25.1M
$23.4M
2024
Total revenue and total expenses from IRS Form 990 filings.
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