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Filing year 2024

LAKE REGION ELECTRIC COOPERATIVE INC

Hulbert, Oklahoma·EIN 73-0579543·501(c)(12)
Total revenue
$74.4M
Total assets
$274.9M
Total expenses
$74.4M
Reported officers
16
Mission

TO PROVIDE ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 16 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Director of
Key Employee
Above 90th percentile
$556k
$589k
Base
$230k
Bonus
$1k
Other
$2k
Benefits
$29k
CEO
Above 90th percentile
$389k
$413k
Base
$256k
Bonus
Other
$8k
Benefits
$29k
Sr Dir IT &
Highest Compensated Employee
75th to 90th percentile
$322k
$342k
Base
$230k
Bonus
$541
Other
$5k
Benefits
$29k
Dir of Opera
Highest Compensated Employee
75th to 90th percentile
$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
75th to 90th percentile
$246k
$261k
Base
$175k
Bonus
$1k
Other
$458
Benefits
$29k
Lineman
Highest Compensated Employee
Median to 75th percentile
$221k
$234k
Base
$175k
Bonus
$879
Other
$299
Benefits
$13k
Lineman
Highest Compensated Employee
Median to 75th percentile
$207k
$219k
Base
$182k
Bonus
$250
Other
$131
Benefits
$13k
Interim CEO
25th percentile to median
$77k
$82k
President
Board President
75th to 90th percentile
$61k
$64k
Director
Board Member
75th to 90th percentile
$54k
$58k
Secretary/tr
Board Treasurer
Above 90th percentile
$50k
$53k
Director
Board Member
Median to 75th percentile
$49k
$52k
Vice Preside
Board Vice President
25th percentile to median
$39k
$41k
Director
Board Member
Median to 75th percentile
$37k
$39k
Asst. Sec/tr
Board Member
Median to 75th percentile
$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
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.

Pay for the position

Chief Executive Officer pay rose 15% from 2023 to 2024, while revenue rose 3%.

$339k in 2023 to $389k in 2024.
  • Highest Compensated Employee pay fell 7% from 2023 to 2024.
  • Board President pay fell 3% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

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.
FAQ

Common questions about LAKE REGION ELECTRIC COOPERATIVE INC

What does the Key Employee of LAKE REGION ELECTRIC COOPERATIVE INC earn?

In 2024, the Key Employee of LAKE REGION ELECTRIC COOPERATIVE INC received $555,776 in total compensation. This pay is in the top 10% for Key Employee roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Key Employee pay at LAKE REGION ELECTRIC COOPERATIVE INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Key Employee at LAKE REGION ELECTRIC COOPERATIVE INC falls in the top 10%.

What are LAKE REGION ELECTRIC COOPERATIVE INC's revenue and expenses?

In 2024, LAKE REGION ELECTRIC COOPERATIVE INC reported $74.4M in total revenue and $74.4M in total expenses on its IRS Form 990.

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