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Filing year 2024

MIDLAND POWER COOPERATIVE

Boone, Iowa·EIN 42-1378565·501(c)(12)
Total revenue
$60.1M
Total assets
$169.3M
Total expenses
$54.4M
Reported officers
21
Mission

TO SAFELY PROVIDE RELIABLE, AFFORDABLE, AND RESPONSIBLE ELECTRIC SERVICE WHILE ENHANCING THE COMMUNITIES WE SERVE.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 21 reported individuals · Filing year 2024

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

CEO
Above 90th percentile
$315k
$339k
Base
$206k
Bonus
Other
$13k
Benefits
$22k
VP of Operations
Vice President
75th to 90th percentile
$221k
$238k
Base
$135k
Bonus
Other
$6k
Benefits
$25k
Line Foreman
Highest Compensated Employee
Median to 75th percentile
$198k
$213k
Base
$150k
Bonus
$1k
Other
Benefits
$31k
Line Foreman
Highest Compensated Employee
Median to 75th percentile
$186k
$200k
Base
$142k
Bonus
$539
Other
Benefits
$28k
VP of Administration
Vice President
75th to 90th percentile
$181k
$194k
Base
$136k
Bonus
Other
$1k
Benefits
$30k
Line Superintendent
Highest Compensated Employee
Median to 75th percentile
$169k
$182k
Base
$130k
Bonus
Other
$576
Benefits
$26k
Lineman
Highest Compensated Employee
25th percentile to median
$165k
$178k
Base
$122k
Bonus
$491
Other
Benefits
$29k
Line Foreman
Highest Compensated Employee
25th percentile to median
$160k
$173k
Base
$133k
Bonus
$1k
Other
Benefits
$11k
President
10th to 25th percentile
$18k
$20k
Assist Secretary/treasurer
Officer (Unspecified)
$12k
$13k
Director
Board Member
25th percentile to median
$11k
$12k
Treasurer
Officer (Unspecified)
$9k
$10k
Director
Board Member
25th percentile to median
$7k
$8k
Director (until 08/24)
Board Member
25th percentile to median
$7k
$7k
Vice President
25th percentile to median
$7k
$7k
Director
Board Member
25th percentile to median
$6k
$7k
Secretary
Officer (Unspecified)
$6k
$6k
Director
Board Member
25th percentile to median
$6k
$6k
Director
Board Member
25th percentile to median
$5k
$5k
Director (beg 07/24)
Board Member
10th to 25th percentile
$4k
$4k
Director (beg 08/24)
Board Member
10th to 25th percentile
$4k
$4k

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.

Down 29%
from 2023

From $442k in 2023 to $315k in 2024.

$442k
2023
$315k
2024
In today's dollarsEst.
Down 31% in real terms$488k to $339k

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 29% from 2023 to 2024, while revenue rose 5%.

$442k in 2023 to $315k in 2024.
  • Vice President pay rose 6% from 2023 to 2024.
  • Highest Compensated Employee pay rose 14% 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.
Financial trend

Revenue and expenses over time

MIDLAND POWER COOPERATIVE reported revenue and expenses across 2 filing years.

RevenueExpenses
$57.4M
$54.2M
2023
$60.1M
$54.4M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about MIDLAND POWER COOPERATIVE

What does the Chief Executive Officer of MIDLAND POWER COOPERATIVE earn?

In 2024, the Chief Executive Officer of MIDLAND POWER COOPERATIVE received $314,953 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at MIDLAND POWER COOPERATIVE compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at MIDLAND POWER COOPERATIVE falls in the top 10%.

What are MIDLAND POWER COOPERATIVE's revenue and expenses?

In 2024, MIDLAND POWER COOPERATIVE reported $60.1M in total revenue and $54.4M in total expenses on its IRS Form 990.

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