As a cooperative, Howard Electric operates on a non-profit basis. All revenue above the cost of doing business (margins) is assigned to the members under a patronage refund plan called capital credits. The cooperative assigned capital credits annually and keeps a careful record of each member's investment in the co-op.
Executive compensation, broken down
Form 990 · Schedule J · 17 reported individuals · Filing year 2024
| Base salary | Bonus | Other compensation | Benefits | Executive compensation | |
|---|---|---|---|---|---|
Ceo/general Manager officer (unspecified) $229k $247k | |||||
Cfo/hr officer (unspecified) $176k $190k | |||||
Operations Manager highest compensated employee $176k $189k | |||||
Construction Foreman highest compensated employee $161k $173k | |||||
Journeyman Lineman highest compensated employee $150k $162k | |||||
Journeyman Lineman highest compensated employee $150k $161k | |||||
Journeyman Lineman highest compensated employee $144k $155k | |||||
Director/custodian board member $9k $10k | |||||
Director board member $6k $7k | |||||
Director board member $6k $6k | |||||
Secretary officer (unspecified) $4k $5k | |||||
Director board member $3k $3k | |||||
Director institutional trustee $3k $3k | |||||
Vice President vice president $3k $3k | |||||
Treasurer officer (unspecified) $3k $3k | |||||
Director board member $2k $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 4%
from 2023
From $221k in 2023 to $229k in 2024.
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.
Revenue and expenses over time
Howard Electric Cooperative reported revenue and expenses across 2 filing years.
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