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Filing year 2024

HOLMES-WAYNE ELECTRIC COOPERATIVE INC

Millersburg, Ohio·EIN 34-0294570·12
Total revenue
$55.9M
Total assets
$119.2M
Total expenses
$55.9M
Reported officers
17

Executive compensation, broken down

Form 990 · Schedule J · 17 reported individuals · Filing year 2024

$458k
$493k
Base
$329k
Bonus
Other
$6k
Benefits
$18k
Asst Manager & Engineer
officer (unspecified)
$294k
$316k
Base
$196k
Bonus
Other
$4k
Benefits
$27k
Operations Super.
highest compensated employee
$209k
$225k
Base
$134k
Bonus
Other
$3k
Benefits
$27k
Base
$132k
Bonus
Other
$3k
Benefits
$24k
Hr/pr
highest compensated employee
$187k
$201k
Base
$128k
Bonus
Other
$3k
Benefits
$12k
Class a Lineman
highest compensated employee
$185k
$199k
Base
$127k
Bonus
Other
$2k
Benefits
$30k
Class a Lineman
highest compensated employee
$185k
$199k
Base
$126k
Bonus
Other
$2k
Benefits
$30k
Class a Lineman
highest compensated employee
$182k
$196k
Base
$127k
Bonus
Other
$2k
Benefits
$27k
Trustee
board member
$16k
$17k
Trustee
board member
$13k
$14k
Secretary/treasurer
officer (unspecified)
$13k
$14k
Chairman
board chair
$13k
$13k
Trustee
board member
$12k
$13k
Vice Chairman
board vice chair
$11k
$12k
Trustee
board member
$10k
$11k
Trustee
board member
$9k
$10k
Trustee
board member
$9k
$10k

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 6%
from 2023

From $432k in 2023 to $458k in 2024.

$432k
2023
$458k
2024
In today's dollarsEst.
Up 3% in real terms$477k to $493k

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

HOLMES-WAYNE ELECTRIC COOPERATIVE INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$22.9M
$22.9M
2023
$55.9M
$55.9M
2024
Total revenue and total expenses from IRS Form 990 filings.
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