Mission
To safely provide reliable energy and related services to our members at the lowest cost.
Executive compensation, broken down
Form 990 · Schedule J · 17 reported individuals · Filing year 2024
President CEO
$292k
$309k
- Base
- $196k
- Bonus
- —
- Other
- —
- Benefits
- $13k
Line Foreman
highest compensated employee
$204k
$216k
- Base
- $162k
- Bonus
- —
- Other
- —
- Benefits
- $20k
Line Foreman
highest compensated employee
$182k
$193k
- Base
- $147k
- Bonus
- —
- Other
- —
- Benefits
- $20k
Line Foreman
highest compensated employee
$180k
$190k
- Base
- $156k
- Bonus
- —
- Other
- —
- Benefits
- $19k
Line Foreman
highest compensated employee
$170k
$180k
- Base
- $130k
- Bonus
- —
- Other
- —
- Benefits
- $20k
Line Foreman
highest compensated employee
$164k
$173k
- Base
- $133k
- Bonus
- —
- Other
- —
- Benefits
- $20k
Director of Finance
$80k
$84k
- Base
- $63k
- Bonus
- —
- Other
- —
- Benefits
- $14k
Director of Finance
$39k
$41k
Board Chairman
board chair
$6k
$7k
Director
board member
$6k
$7k
Vice Chairman
board vice chair
$6k
$6k
Secretary
secretary (operational)
$5k
$5k
Director
board member
$4k
$4k
Treasurer
$4k
$4k
Director
board member
$3k
$4k
Director
board member
$3k
$4k
Director
board member
$3k
$3k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President CEO | $196k | — | — | $13k | $292k $309k |
Line Foreman highest compensated employee | $162k | — | — | $20k | $204k $216k |
Line Foreman highest compensated employee | $147k | — | — | $20k | $182k $193k |
Line Foreman highest compensated employee | $156k | — | — | $19k | $180k $190k |
Line Foreman highest compensated employee | $130k | — | — | $20k | $170k $180k |
Line Foreman highest compensated employee | $133k | — | — | $20k | $164k $173k |
Director of Finance | $63k | — | — | $14k | $80k $84k |
Director of Finance | — | — | — | — | $39k $41k |
Board Chairman board chair | — | — | — | — | $6k $7k |
Director board member | — | — | — | — | $6k $7k |
Vice Chairman board vice chair | — | — | — | — | $6k $6k |
Secretary secretary (operational) | — | — | — | — | $5k $5k |
Director board member | — | — | — | — | $4k $4k |
Treasurer | — | — | — | — | $4k $4k |
Director board member | — | — | — | — | $3k $4k |
Director board member | — | — | — | — | $3k $4k |
Director board member | — | — | — | — | $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
$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.
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.
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