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 · Part VII & Schedule J · 20 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
- 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 Above 90th percentile | $229k | — | — | $16k | $310k $334k |
Operations Manager Above 90th percentile | $120k | — | — | $27k | $242k $260k |
Chief Operating Officer 75th to 90th percentile | $113k | — | — | $16k | $223k $240k |
Accounting Manager Above 90th percentile | $114k | — | — | $27k | $202k $218k |
Lineman Highest Compensated Employee 25th percentile to median | $119k | — | — | $27k | $160k $172k |
Lineman Highest Compensated Employee 25th percentile to median | $117k | — | — | $27k | $154k $166k |
Lineman Highest Compensated Employee 25th percentile to median | — | — | — | — | $137k $148k |
Chief Financial Officer Median to 75th percentile | — | — | — | — | $112k $121k |
Chief Administrative Offic Officer (Unspecified) | — | — | — | — | $106k $114k |
Chief Strategy Officer Officer (Unspecified) | — | — | — | — | $104k $112k |
Vice Chair Board Vice Chair Median to 75th percentile | — | — | — | — | $17k $18k |
Chair Board Chair 25th percentile to median | — | — | — | — | $17k $18k |
Director Board Member 25th percentile to median | — | — | — | — | $15k $16k |
Director Board Member 25th percentile to median | — | — | — | — | $12k $13k |
Director Board Member 25th percentile to median | — | — | — | — | $12k $13k |
Secretary Officer (Unspecified) | — | — | — | — | $11k $12k |
Treasurer Officer (Unspecified) | — | — | — | — | $10k $11k |
Director Board Member 25th percentile to median | — | — | — | — | $8k $9k |
Director Board Member 10th to 25th percentile | — | — | — | — | $4k $4k |
Director Board Member 10th to 25th percentile | — | — | — | — | $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.
Chief Executive Officer pay fell 21% from 2023 to 2024, while revenue rose 2%.
- Chief Operating Officer pay rose 14% from 2023 to 2024.
- Accounting Manager pay rose 2% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Revenue and expenses over time
LORAIN-MEDINA RURAL ELECTRIC COOPERATIVE INC reported revenue and expenses across 2 filing years.
Common questions about LORAIN-MEDINA RURAL ELECTRIC COOPERATIVE INC
What does the Chief Executive Officer of LORAIN-MEDINA RURAL ELECTRIC COOPERATIVE INC earn?
In 2024, the Chief Executive Officer of LORAIN-MEDINA RURAL ELECTRIC COOPERATIVE INC received $310,425 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Chief Executive Officer pay at LORAIN-MEDINA RURAL ELECTRIC COOPERATIVE INC compare with similar nonprofits?
Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at LORAIN-MEDINA RURAL ELECTRIC COOPERATIVE INC falls in the top 10%.
What are LORAIN-MEDINA RURAL ELECTRIC COOPERATIVE INC's revenue and expenses?
In 2024, LORAIN-MEDINA RURAL ELECTRIC COOPERATIVE INC reported $50.6M in total revenue and $43.7M in total expenses on its IRS Form 990.
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