Mission
TO PROVIDE PREMIUM QUALITY SERVICE, ECONOMICALLY PRICED ELECTRICITY AND OTHER UTILITY SERVICES TO OUR MEMBERS AND COMMUNITY.
Executive compensation, broken down
Form 990 · Schedule J · 18 reported individuals · Filing year 2024
President/ceo
$378k
$406k
- Base
- $288k
- Bonus
- —
- Other
- —
- Benefits
- $11k
Vice President Engineering
vice president
$243k
$261k
- Base
- $166k
- Bonus
- —
- Other
- —
- Benefits
- $29k
$232k
$249k
- Base
- $153k
- Bonus
- —
- Other
- —
- Benefits
- $37k
$215k
$231k
- Base
- $160k
- Bonus
- —
- Other
- —
- Benefits
- $13k
IT Manager
highest compensated employee
$198k
$213k
- Base
- $131k
- Bonus
- —
- Other
- —
- Benefits
- $26k
Line Superintendent
highest compensated employee
$195k
$209k
- Base
- $130k
- Bonus
- —
- Other
- —
- Benefits
- $26k
Lineman I
highest compensated employee
$173k
$186k
- Base
- $123k
- Bonus
- —
- Other
- —
- Benefits
- $26k
Lineman I
highest compensated employee
$164k
$176k
- Base
- $132k
- Bonus
- —
- Other
- —
- Benefits
- $1k
Secretary/treasurer
officer (unspecified)
$14k
$15k
Trustee
board member
$12k
$12k
Trustee
board member
$12k
$12k
Vice Chairman
board vice chair
$11k
$12k
Chairman (06/25/24)
board chair
$11k
$12k
Trustee
board member
$10k
$11k
Trustee
board member
$9k
$10k
Trustee
board member
$8k
$9k
Trustee
board member
$8k
$8k
Chairman (thru 06/12/24)
board chair
$3k
$3k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President/ceo | $288k | — | — | $11k | $378k $406k |
Vice President Engineering vice president | $166k | — | — | $29k | $243k $261k |
CFO | $153k | — | — | $37k | $232k $249k |
COO | $160k | — | — | $13k | $215k $231k |
IT Manager highest compensated employee | $131k | — | — | $26k | $198k $213k |
Line Superintendent highest compensated employee | $130k | — | — | $26k | $195k $209k |
Lineman I highest compensated employee | $123k | — | — | $26k | $173k $186k |
Lineman I highest compensated employee | $132k | — | — | $1k | $164k $176k |
Secretary/treasurer officer (unspecified) | — | — | — | — | $14k $15k |
Trustee board member | — | — | — | — | $12k $12k |
Trustee board member | — | — | — | — | $12k $12k |
Vice Chairman board vice chair | — | — | — | — | $11k $12k |
Chairman (06/25/24) board chair | — | — | — | — | $11k $12k |
Trustee board member | — | — | — | — | $10k $11k |
Trustee board member | — | — | — | — | $9k $10k |
Trustee board member | — | — | — | — | $8k $9k |
Trustee board member | — | — | — | — | $8k $8k |
Chairman (thru 06/12/24) board chair | — | — | — | — | $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
$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.
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.
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