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Filing year 2024

MIDCONTINENT INDEPENDENT SYSTEM OPERATOR INC

Carmel, Indiana·EIN 43-1827033·NTEE W80 · Public & Societal Benefit·501(c)(4)
Total revenue
$616.1M
Total assets
$3.4B
Total expenses
$616.1M
Reported officers
31
Mission

MONITOR AND CONTROL ELECTRIC TRANSMISSION SYSTEM TO PROVIDE NON-DISCRIMINATORY OPEN-ACCESS TO ALL CUSTOMERS AND ENSURE SAFE, RELIABLE, AND EFFICIENT OPERATION FOR THE BENEFIT OF ALL CUSTOMERS.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 31 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Public & Societal Benefit organizations nationwide.

CEO
Above 90th percentile
$3.8M
$4.1M
Base
$1M
Bonus
$2.3M
Other
$458k
Benefits
$30k
President & COO (thru 12/24)
Above 90th percentile
$1.9M
$2M
Base
$553k
Bonus
$1.1M
Other
$171k
Benefits
$26k
Senior VP & CFO
Above 90th percentile
$1.3M
$1.4M
Base
$468k
Bonus
$668k
Other
$108k
Benefits
$22k
SVP - Plan & Op & Chief Comp. Off.
Senior Vice President
Above 90th percentile
$1.2M
$1.3M
Base
$482k
Bonus
$619k
Other
$95k
Benefits
$36k
SVP & General Counsel
Senior Vice President
Above 90th percentile
$1.2M
$1.3M
Base
$459k
Bonus
$584k
Other
$84k
Benefits
$36k
SVP - Markets & Digital Strategy
Senior Vice President
Above 90th percentile
$1.2M
$1.3M
Base
$484k
Bonus
$559k
Other
$79k
Benefits
$30k
Former Officer
Former Officer/director/trustee
Above 90th percentile
$1.1M
$1.2M
Base
Bonus
Other
$1.1M
Benefits
SVP - HR & Chief Diversity Officer
Senior Vice President
Above 90th percentile
$758k
$815k
Base
$410k
Bonus
$299k
Other
$25k
Benefits
$976
VP & Chief Info Security
Vice President
Above 90th percentile
$704k
$757k
Base
$299k
Bonus
$359k
Other
Benefits
$30k
SVP & Chief Customer Officer
Senior Vice President
Above 90th percentile
$702k
$755k
Base
$373k
Bonus
$262k
Other
$2k
Benefits
$36k
VP - System Planning
Vice President
Above 90th percentile
$694k
$747k
Base
$359k
Bonus
$281k
Other
Benefits
$30k
VP - Operations
Vice President
Above 90th percentile
$668k
$719k
Base
$306k
Bonus
$304k
Other
Benefits
$36k
VP - Strat & Bus Dvlpmnt (thru 3/24)
Vice President
Above 90th percentile
$657k
$706k
Base
$57k
Bonus
$331k
Other
$260k
Benefits
$9k
VP - Legal Fed Regulatory Affairs
Vice President
Above 90th percentile
$625k
$673k
Base
$312k
Bonus
$290k
Other
Benefits
$30k
E.d. Strat. Comms. & Policy Coord.
Highest Compensated Employee
Above 90th percentile
$625k
$672k
Base
$290k
Bonus
$281k
Other
Benefits
$30k
Deputy General Counsel
Highest Compensated Employee
Above 90th percentile
$606k
$652k
Base
$299k
Bonus
$285k
Other
Benefits
$22k
E.d. Resource Planning
Highest Compensated Employee
Above 90th percentile
$545k
$587k
Base
$267k
Bonus
$232k
Other
Benefits
$30k
E.d. Security & Facilities
Highest Compensated Employee
Above 90th percentile
$533k
$574k
Base
$272k
Bonus
$224k
Other
$2k
Benefits
$13k
E.d. Ext Affairs South
Highest Compensated Employee
Above 90th percentile
$533k
$573k
Base
$277k
Bonus
$239k
Other
Benefits
$22k
VP - Chief Digital & Info (beg 5/24)
Vice President
Above 90th percentile
$475k
$511k
Base
$286k
Bonus
$150k
Other
Benefits
$19k
Former Officer
Former Officer/director/trustee
Median to 75th percentile
$257k
$277k
Base
Bonus
$218k
Other
$39k
Benefits
Director
Board Member
Above 90th percentile
$210k
$226k
Base
$210k
Bonus
Other
Benefits
Director
Board Member
Above 90th percentile
$193k
$207k
Base
$193k
Bonus
Other
Benefits
Director
Board Member
Above 90th percentile
$193k
$207k
Base
$193k
Bonus
Other
Benefits
Director
Board Member
Above 90th percentile
$193k
$207k
Base
$193k
Bonus
Other
Benefits
Director
Board Member
Above 90th percentile
$193k
$207k
Base
$193k
Bonus
Other
Benefits
Director
Board Member
Above 90th percentile
$193k
$207k
Base
$193k
Bonus
Other
Benefits
Director
Board Member
Above 90th percentile
$193k
$207k
Base
$193k
Bonus
Other
Benefits
Director
Board Member
Above 90th percentile
$193k
$207k
Base
$193k
Bonus
Other
Benefits
Director (beg 1/24)
Board Member
Above 90th percentile
$139k
$149k
Former Director
Former Officer/director/trustee
25th percentile to median
$46k
$50k
Base
$46k
Bonus
Other
Benefits

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.

Browse compensation in Public & Societal Benefit

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at MIDCONTINENT INDEPENDENT SYSTEM OPERATOR INC equaled 0.6% of the organization's total expenses. The median for public & societal benefit organizations is 10%.

This organization (2024)
0.6%
Sector median
10%
Middle half of sector
4% to 22%

Based on 2,608 public & societal benefit organizations, each measured at its most recent filing year with reported expenses and compensation.

Down 20%
from 2023

From $4.8M in 2023 to $3.8M in 2024.

$4.8M
2023
$3.8M
2024
In today's dollarsEst.
Down 22% in real terms$5.3M to $4.1M

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.

Pay for the position

Chief Executive Officer pay fell 20% from 2023 to 2024, while revenue rose 12%.

$4.8M in 2023 to $3.8M in 2024.
  • Chief Financial Officer pay rose 8% from 2023 to 2024.
  • Senior Vice President pay rose 10% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

1
MIDCONTINENT INDEPENDENT SYSTEM OPERATOR INC2024
$3.8M
2
COOPERATIVE ENERGY INCORPORATED2024
$681k
See full Executive Director compensation rankings across Public & Societal Benefit
FAQ

Common questions about MIDCONTINENT INDEPENDENT SYSTEM OPERATOR INC

What does the Chief Executive Officer of MIDCONTINENT INDEPENDENT SYSTEM OPERATOR INC earn?

In 2024, the Chief Executive Officer of MIDCONTINENT INDEPENDENT SYSTEM OPERATOR INC received $3,788,192 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Public & Societal Benefit organizations nationwide: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at MIDCONTINENT INDEPENDENT SYSTEM OPERATOR INC compare with similar nonprofits?

Compared with the same role at Public & Societal Benefit organizations nationwide, the 2024 pay of the Chief Executive Officer at MIDCONTINENT INDEPENDENT SYSTEM OPERATOR INC falls in the top 10%. In 2024, the highest total compensation at MIDCONTINENT INDEPENDENT SYSTEM OPERATOR INC equaled 0.6% of the organization's total expenses. The median for public & societal benefit organizations is 10%.

What are MIDCONTINENT INDEPENDENT SYSTEM OPERATOR INC's revenue and expenses?

In 2024, MIDCONTINENT INDEPENDENT SYSTEM OPERATOR INC reported $616.1M in total revenue and $616.1M in total expenses on its IRS Form 990.

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