Mission
TO PROVIDE OUR MEMBERS WITH SAFE, RELIABLE, AFFORDABLE ELECTRICITY, AND LEAD BY OFFERING INNOVATIVE ENERGY SERVICES TO GROW THE COOPERATIVE.
Executive compensation, broken down
Form 990 · Schedule J · 18 reported individuals · Filing year 2024
$511k
$550k
- Base
- $281k
- Bonus
- $48k
- Other
- $17k
- Benefits
- $38k
Vice President of Engineering/operatings
vice president
$268k
$288k
- Base
- $164k
- Bonus
- $7k
- Other
- $3k
- Benefits
- $36k
Lead Journeyman Lineworker
highest compensated employee
$202k
$217k
- Base
- $137k
- Bonus
- $500
- Other
- $4k
- Benefits
- $34k
Vice President of Business Solutions
vice president
$194k
$208k
- Base
- $157k
- Bonus
- $7k
- Other
- $2k
- Benefits
- $16k
Vice President of Finance/cfo
vice president
$189k
$203k
- Base
- $154k
- Bonus
- $5k
- Other
- $2k
- Benefits
- $15k
Journeyman Lineworker
highest compensated employee
$186k
$200k
- Base
- $139k
- Bonus
- $400
- Other
- $1k
- Benefits
- $36k
Journeyman Lineworker
highest compensated employee
$183k
$197k
- Base
- $136k
- Bonus
- $1k
- Other
- $1k
- Benefits
- $35k
Lead Journeyman Lineworker
highest compensated employee
$181k
$195k
- Base
- $136k
- Bonus
- $900
- Other
- $1k
- Benefits
- $33k
Vice Chair
board vice chair
$16k
$17k
Chairman
board chair
$15k
$16k
Secretary/treasurer
officer (unspecified)
$14k
$15k
Director
board member
$14k
$15k
Director
board member
$12k
$13k
Director
board member
$11k
$12k
Director (joined 4/25/24)
board member
$11k
$12k
Director
board member
$10k
$10k
Director
board member
$10k
$10k
Director (termed 4/25/24)
board member
$4k
$4k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
CEO | $281k | $48k | $17k | $38k | $511k $550k |
Vice President of Engineering/operatings vice president | $164k | $7k | $3k | $36k | $268k $288k |
Lead Journeyman Lineworker highest compensated employee | $137k | $500 | $4k | $34k | $202k $217k |
Vice President of Business Solutions vice president | $157k | $7k | $2k | $16k | $194k $208k |
Vice President of Finance/cfo vice president | $154k | $5k | $2k | $15k | $189k $203k |
Journeyman Lineworker highest compensated employee | $139k | $400 | $1k | $36k | $186k $200k |
Journeyman Lineworker highest compensated employee | $136k | $1k | $1k | $35k | $183k $197k |
Lead Journeyman Lineworker highest compensated employee | $136k | $900 | $1k | $33k | $181k $195k |
Vice Chair board vice chair | — | — | — | — | $16k $17k |
Chairman board chair | — | — | — | — | $15k $16k |
Secretary/treasurer officer (unspecified) | — | — | — | — | $14k $15k |
Director board member | — | — | — | — | $14k $15k |
Director board member | — | — | — | — | $12k $13k |
Director board member | — | — | — | — | $11k $12k |
Director (joined 4/25/24) board member | — | — | — | — | $11k $12k |
Director board member | — | — | — | — | $10k $10k |
Director board member | — | — | — | — | $10k $10k |
Director (termed 4/25/24) board member | — | — | — | — | $4k $4k |
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 7%
from 2023
From $478k in 2023 to $511k in 2024.
$478k
2023
$511k
2024
$478k
2023
$511k
2024
In today's dollarsEst.
Up 4% in real terms$528k to $550k
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
LAKE REGION ELECTRIC COOPERATIVE reported revenue and expenses across 2 filing years.
RevenueExpenses
$57.2M
$56.8M
2023
$59.5M
$57.7M
2024
Total revenue and total expenses from IRS Form 990 filings.
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