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Filing year 2024

MENARD ELECTRIC COOPERATIVE

Petersburg, Illinois·EIN 37-0413095·12
Total revenue
$34M
Total assets
$90M
Total expenses
$33.8M
Reported officers
18
Mission

TO PROVIDE RELIABLE ELECTRIC SERVICE AT A REASONABLE COST WITH CONCERN FOR THE SAFETY AND WELL-BEING OF THE MEMBERS, THE EMPLOYEES, AND THE COMMUNITIES OF THE COOPERATIVE.

Executive compensation, broken down

Form 990 · Schedule J · 18 reported individuals · Filing year 2024

General Manager
officer (unspecified)
$325k
$350k
Base
$226k
Bonus
Other
Benefits
$12k
Director of Member Services
highest compensated employee
$236k
$254k
Base
$147k
Bonus
Other
Benefits
$926
Area Serviceman B2
highest compensated employee
$192k
$207k
Base
$157k
Bonus
Other
Benefits
$1k
Crew Leader
highest compensated employee
$191k
$206k
Base
$148k
Bonus
Other
Benefits
$25k
Journeyman
highest compensated employee
$159k
$171k
Base
$139k
Bonus
Other
Benefits
$11k
Journeyman
highest compensated employee
$158k
$170k
Base
$139k
Bonus
Other
Benefits
$706
Dir Acctg & Finance
officer (unspecified)
$138k
$149k
Retired General Manager
former officer/director/trustee
$65k
$69k
Base
Bonus
Other
$65k
Benefits
Director
board member
$9k
$9k
Director
board member
$8k
$9k
Director
board member
$7k
$8k
Director
board member
$7k
$7k
Director
board member
$6k
$7k
Director
board member
$6k
$7k
Director
board member
$6k
$6k
Director
board member
$5k
$6k
Director
board member
$3k
$4k
Director
board member
$2k
$2k

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.

Held roughly steady
over 2 years

From $328k in 2022 to $325k in 2024.

$328k
2022
$320k
2023
$325k
2024
In today's dollarsEst.
Down 7% in real terms$376k to $350k

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

MENARD ELECTRIC COOPERATIVE reported revenue and expenses across 3 filing years.

RevenueExpenses
$31.8M
$31.8M
2022
$35.3M
$35.3M
2023
$34M
$33.8M
2024
Total revenue and total expenses from IRS Form 990 filings.
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