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Filing year 2024

LYON-LINCOLN ELECTRIC COOPERATIVE

Tyler, Minnesota·EIN 41-0387084·12
Total revenue
$12M
Total assets
$43.5M
Total expenses
$12M
Reported officers
14
Mission

TO PROVIDE RELIABLE ELECTRICITY AND OTHER NEEDED SERVICES TO ENHANCE THE QUALITY OF LIFE IN OUR RURAL COMMUNITIES.

Executive compensation, broken down

Form 990 · Schedule J · 14 reported individuals · Filing year 2024

General Manager
officer (unspecified)
$300k
$323k
Base
$195k
Bonus
$254
Other
$1k
Benefits
$23k
Operations Assistant
highest compensated employee
$167k
$179k
Base
$105k
Bonus
$271
Other
$213
Benefits
$22k
Line Superintendent
highest compensated employee
$141k
$152k
Finance Manager
officer (unspecified)
$136k
$146k
Journeyman Lineman
highest compensated employee
$114k
$123k
Secretary & Treasurer
officer (unspecified)
$10k
$11k
Director
board member
$10k
$11k
Director
board member
$10k
$10k
Director
board member
$9k
$10k
Vice President
vice president
$9k
$9k
Director
board member
$8k
$9k
Director
board member
$5k
$5k
Director
board member
$4k
$5k

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 15%
from 2023

From $262k in 2023 to $300k in 2024.

$262k
2023
$300k
2024
In today's dollarsEst.
Up 12% in real terms$289k to $323k

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

LYON-LINCOLN ELECTRIC COOPERATIVE reported revenue and expenses across 2 filing years.

RevenueExpenses
$11.8M
$11.8M
2023
$12M
$12M
2024
Total revenue and total expenses from IRS Form 990 filings.
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