TO PROVIDE OUR MEMBER-OWNERS WITH HIGHLY RELIABLE ELECTRIC SERVICE, SUPERIOR CUSTOMER SERVICE AND INNOVATIVE ENERGY SOLUTIONS AT COMPETITIVE PRICES.
Executive compensation, broken down
Form 990 · Schedule J · 20 reported individuals · Filing year 2024
- Base
- $229k
- Bonus
- —
- Other
- —
- Benefits
- $16k
- Base
- $120k
- Bonus
- —
- Other
- —
- Benefits
- $27k
- Base
- $113k
- Bonus
- —
- Other
- —
- Benefits
- $16k
- Base
- $114k
- Bonus
- —
- Other
- —
- Benefits
- $27k
- Base
- $119k
- Bonus
- —
- Other
- —
- Benefits
- $27k
- Base
- $117k
- Bonus
- —
- Other
- —
- Benefits
- $27k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President/ceo | $229k | — | — | $16k | $310k $334k |
Operations Manager highest compensated employee | $120k | — | — | $27k | $242k $260k |
Chief Operating Officer | $113k | — | — | $16k | $223k $240k |
Accounting Manager highest compensated employee | $114k | — | — | $27k | $202k $218k |
Lineman highest compensated employee | $119k | — | — | $27k | $160k $172k |
Lineman highest compensated employee | $117k | — | — | $27k | $154k $166k |
Lineman highest compensated employee | — | — | — | — | $137k $148k |
Chief Financial Officer | — | — | — | — | $112k $121k |
Chief Administrative Offic officer (unspecified) | — | — | — | — | $106k $114k |
Chief Strategy Officer officer (unspecified) | — | — | — | — | $104k $112k |
Vice Chair board vice chair | — | — | — | — | $17k $18k |
Chair board chair | — | — | — | — | $17k $18k |
Director board member | — | — | — | — | $15k $16k |
Director board member | — | — | — | — | $12k $13k |
Director board member | — | — | — | — | $12k $13k |
Secretary officer (unspecified) | — | — | — | — | $11k $12k |
Treasurer officer (unspecified) | — | — | — | — | $10k $11k |
Director board member | — | — | — | — | $8k $9k |
Director board member | — | — | — | — | $4k $4k |
Director 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.
Down 21%
from 2023
From $393k in 2023 to $310k 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
LORAIN-MEDINA RURAL ELECTRIC COOPERATIVE INC reported revenue and expenses across 2 filing years.
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