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Filing year 2024

M J M ELECTRIC COOPERATIVE INC

Carlinville, Illinois·EIN 37-0394535·501(c)(12)
Total revenue
$22.9M
Total assets
$69.9M
Total expenses
$22.9M
Reported officers
17
Mission

To safely provide reliable energy and related services to our members at the lowest cost.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 17 reported individuals · Filing year 2024

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

President CEO
75th to 90th percentile
$292k
$309k
Base
$196k
Bonus
Other
Benefits
$13k
Line Foreman
Highest Compensated Employee
Median to 75th percentile
$204k
$216k
Base
$162k
Bonus
Other
Benefits
$20k
Line Foreman
Highest Compensated Employee
Median to 75th percentile
$182k
$193k
Base
$147k
Bonus
Other
Benefits
$20k
Line Foreman
Highest Compensated Employee
Median to 75th percentile
$180k
$190k
Base
$156k
Bonus
Other
Benefits
$19k
Line Foreman
Highest Compensated Employee
Median to 75th percentile
$170k
$180k
Base
$130k
Bonus
Other
Benefits
$20k
Line Foreman
Highest Compensated Employee
25th percentile to median
$164k
$173k
Base
$133k
Bonus
Other
Benefits
$20k
Director of Finance
25th percentile to median
$80k
$84k
Base
$63k
Bonus
Other
Benefits
$14k
Director of Finance
25th percentile to median
$39k
$41k
Board Chairman
Board Chair
25th percentile to median
$6k
$7k
Director
Board Member
25th percentile to median
$6k
$7k
Vice Chairman
Board Vice Chair
25th percentile to median
$6k
$6k
Secretary
Secretary (Operational)
10th to 25th percentile
$5k
$5k
Director
Board Member
10th to 25th percentile
$4k
$4k
Treasurer
Below 10th percentile
$4k
$4k
Director
Board Member
10th to 25th percentile
$3k
$4k
Director
Board Member
10th to 25th percentile
$3k
$4k
Director
Board Member
10th to 25th percentile
$3k
$3k

Teal figures restate each filed amount in 2026 dollars.

Estimated with St. Louis, MO-IL metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Fell 7%
over 3 years

From $316k in 2021 to $292k in 2024.

$316k
2021
$210k
2022
$235k
2023
$292k
2024
In today's dollarsEst.
Down 20% in real terms$386k to $309k

Estimated with St. Louis, MO-IL metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay fell 7% from 2021 to 2024, while revenue rose 11%.

$316k in 2021 to $292k in 2024.
  • Highest Compensated Employee pay rose 7% from 2021 to 2024.
  • Chief Financial Officer pay rose 2539% from 2022 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2021 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

M J M ELECTRIC COOPERATIVE INC reported revenue and expenses across 4 filing years.

RevenueExpenses
$20.6M
$20.6M
2021
$22.4M
$22.4M
2022
$23M
$23M
2023
$22.9M
$22.9M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about M J M ELECTRIC COOPERATIVE INC

What does the Chief Executive Officer of M J M ELECTRIC COOPERATIVE INC earn?

In 2024, the Chief Executive Officer of M J M ELECTRIC COOPERATIVE INC received $292,225 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among nonprofits nationwide, across all sectors, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at M J M 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 M J M ELECTRIC COOPERATIVE INC falls between the 75th and 90th percentiles.

What are M J M ELECTRIC COOPERATIVE INC's revenue and expenses?

In 2024, M J M ELECTRIC COOPERATIVE INC reported $22.9M in total revenue and $22.9M in total expenses on its IRS Form 990.

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