Mission
TO PROVIDE ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS.
Executive compensation, broken down
Form 990 · Schedule J · 16 reported individuals · Filing year 2024
Director of
key employee
$556k
$589k
- Base
- $230k
- Bonus
- $1k
- Other
- $2k
- Benefits
- $29k
$389k
$413k
- Base
- $256k
- Bonus
- —
- Other
- $8k
- Benefits
- $29k
Sr Dir IT &
highest compensated employee
$322k
$342k
- Base
- $230k
- Bonus
- $541
- Other
- $5k
- Benefits
- $29k
Dir of Opera
highest compensated employee
$317k
$336k
- Base
- $230k
- Bonus
- $717
- Other
- $6k
- Benefits
- $29k
Dir Finance
officer (unspecified)
$292k
$310k
- Base
- $143k
- Bonus
- —
- Other
- $2k
- Benefits
- $19k
Lineman
highest compensated employee
$246k
$261k
- Base
- $175k
- Bonus
- $1k
- Other
- $458
- Benefits
- $29k
Lineman
highest compensated employee
$221k
$234k
- Base
- $175k
- Bonus
- $879
- Other
- $299
- Benefits
- $13k
Lineman
highest compensated employee
$207k
$219k
- Base
- $182k
- Bonus
- $250
- Other
- $131
- Benefits
- $13k
Interim CEO
$77k
$82k
President
board president
$61k
$64k
Director
board member
$54k
$58k
Secretary/tr
board treasurer
$50k
$53k
Director
board member
$49k
$52k
Vice Preside
vice president
$39k
$41k
Director
board member
$37k
$39k
Asst. Sec/tr
board member
$30k
$32k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Director of key employee | $230k | $1k | $2k | $29k | $556k $589k |
CEO | $256k | — | $8k | $29k | $389k $413k |
Sr Dir IT & highest compensated employee | $230k | $541 | $5k | $29k | $322k $342k |
Dir of Opera highest compensated employee | $230k | $717 | $6k | $29k | $317k $336k |
Dir Finance officer (unspecified) | $143k | — | $2k | $19k | $292k $310k |
Lineman highest compensated employee | $175k | $1k | $458 | $29k | $246k $261k |
Lineman highest compensated employee | $175k | $879 | $299 | $13k | $221k $234k |
Lineman highest compensated employee | $182k | $250 | $131 | $13k | $207k $219k |
Interim CEO | — | — | — | — | $77k $82k |
President board president | — | — | — | — | $61k $64k |
Director board member | — | — | — | — | $54k $58k |
Secretary/tr board treasurer | — | — | — | — | $50k $53k |
Director board member | — | — | — | — | $49k $52k |
Vice Preside vice president | — | — | — | — | $39k $41k |
Director board member | — | — | — | — | $37k $39k |
Asst. Sec/tr board member | — | — | — | — | $30k $32k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Up 61%
from 2023
From $345k in 2023 to $556k in 2024.
$345k
2023
$556k
2024
$345k
2023
$556k
2024
In today's dollarsEst.
Up 57% in real terms$377k to $589k
Estimated with BLS CPI-U for the South 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 INC reported revenue and expenses across 2 filing years.
RevenueExpenses
$72M
$72M
2023
$74.4M
$74.4M
2024
Total revenue and total expenses from IRS Form 990 filings.
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