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Filing year 2024

HANCOCK-WOOD ELECTRIC COOPERATIVE

North Baltimore, Ohio·EIN 34-4253615·501(c)(12)
Total revenue
$54.1M
Total assets
$144.4M
Total expenses
$50.6M
Reported officers
18
Mission

TO PROVIDE PREMIUM QUALITY SERVICE, ECONOMICALLY PRICED ELECTRICITY AND OTHER UTILITY SERVICES TO OUR MEMBERS AND COMMUNITY.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 18 reported individuals · Filing year 2024

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

President/ceo
Above 90th percentile
$378k
$406k
Base
$288k
Bonus
Other
Benefits
$11k
Vice President Engineering
Board Vice President
75th to 90th percentile
$243k
$261k
Base
$166k
Bonus
Other
Benefits
$29k
CFO
75th to 90th percentile
$232k
$249k
Base
$153k
Bonus
Other
Benefits
$37k
COO
75th to 90th percentile
$215k
$231k
Base
$160k
Bonus
Other
Benefits
$13k
IT Manager
75th to 90th percentile
$198k
$213k
Base
$131k
Bonus
Other
Benefits
$26k
Line Superintendent
Highest Compensated Employee
Median to 75th percentile
$195k
$209k
Base
$130k
Bonus
Other
Benefits
$26k
Lineman I
Highest Compensated Employee
Median to 75th percentile
$173k
$186k
Base
$123k
Bonus
Other
Benefits
$26k
Lineman I
Highest Compensated Employee
25th percentile to median
$164k
$176k
Base
$132k
Bonus
Other
Benefits
$1k
Secretary/treasurer
Officer (Unspecified)
$14k
$15k
Trustee
Board Member
25th percentile to median
$12k
$12k
Trustee
Board Member
25th percentile to median
$12k
$12k
Vice Chairman
Board Vice Chair
25th percentile to median
$11k
$12k
Chairman (06/25/24)
Board Chair
25th percentile to median
$11k
$12k
Trustee
Board Member
25th percentile to median
$10k
$11k
Trustee
Board Member
25th percentile to median
$9k
$10k
Trustee
Board Member
25th percentile to median
$8k
$9k
Trustee
Board Member
25th percentile to median
$8k
$8k
Chairman (thru 06/12/24)
Board Chair
10th to 25th percentile
$3k
$3k

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.

Up 5%
from 2023

From $359k in 2023 to $378k in 2024.

$359k
2023
$378k
2024
In today's dollarsEst.
Up 2% in real terms$397k to $406k

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 5% from 2023 to 2024, while revenue rose 2%.

$359k in 2023 to $378k in 2024.
  • Board Vice President pay rose 17% from 2023 to 2024.
  • Chief Financial Officer pay rose 21% 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

HANCOCK-WOOD ELECTRIC COOPERATIVE reported revenue and expenses across 2 filing years.

RevenueExpenses
$53.2M
$47.4M
2023
$54.1M
$50.6M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about HANCOCK-WOOD ELECTRIC COOPERATIVE

What does the Chief Executive Officer of HANCOCK-WOOD ELECTRIC COOPERATIVE earn?

In 2024, the Chief Executive Officer of HANCOCK-WOOD ELECTRIC COOPERATIVE received $377,644 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 HANCOCK-WOOD ELECTRIC COOPERATIVE compare with similar nonprofits?

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

What are HANCOCK-WOOD ELECTRIC COOPERATIVE's revenue and expenses?

In 2024, HANCOCK-WOOD ELECTRIC COOPERATIVE reported $54.1M in total revenue and $50.6M in total expenses on its IRS Form 990.

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