Mission
TO SAFELY PROVIDE RELIABLE, AFFORDABLE, AND RESPONSIBLE ELECTRIC SERVICE WHILE ENHANCING THE COMMUNITIES WE SERVE.
Executive compensation, broken down
Form 990 · Schedule J · 21 reported individuals · Filing year 2024
$315k
$339k
- Base
- $206k
- Bonus
- —
- Other
- $13k
- Benefits
- $22k
VP of Operations
vice president
$221k
$238k
- Base
- $135k
- Bonus
- —
- Other
- $6k
- Benefits
- $25k
Line Foreman
highest compensated employee
$198k
$213k
- Base
- $150k
- Bonus
- $1k
- Other
- —
- Benefits
- $31k
Line Foreman
highest compensated employee
$186k
$200k
- Base
- $142k
- Bonus
- $539
- Other
- —
- Benefits
- $28k
VP of Administration
vice president
$181k
$194k
- Base
- $136k
- Bonus
- —
- Other
- $1k
- Benefits
- $30k
Line Superintendent
highest compensated employee
$169k
$182k
- Base
- $130k
- Bonus
- —
- Other
- $576
- Benefits
- $26k
Lineman
highest compensated employee
$165k
$178k
- Base
- $122k
- Bonus
- $491
- Other
- —
- Benefits
- $29k
Line Foreman
highest compensated employee
$160k
$173k
- Base
- $133k
- Bonus
- $1k
- Other
- —
- Benefits
- $11k
President
$18k
$20k
Assist Secretary/treasurer
officer (unspecified)
$12k
$13k
Director
board member
$11k
$12k
Treasurer
officer (unspecified)
$9k
$10k
Director
board member
$7k
$8k
Director (until 08/24)
board member
$7k
$7k
Vice President
vice president
$7k
$7k
Director
board member
$6k
$7k
Secretary
officer (unspecified)
$6k
$6k
Director
board member
$6k
$6k
Director
board member
$5k
$5k
Director (beg 07/24)
board member
$4k
$4k
Director (beg 08/24)
board member
$4k
$4k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
CEO | $206k | — | $13k | $22k | $315k $339k |
VP of Operations vice president | $135k | — | $6k | $25k | $221k $238k |
Line Foreman highest compensated employee | $150k | $1k | — | $31k | $198k $213k |
Line Foreman highest compensated employee | $142k | $539 | — | $28k | $186k $200k |
VP of Administration vice president | $136k | — | $1k | $30k | $181k $194k |
Line Superintendent highest compensated employee | $130k | — | $576 | $26k | $169k $182k |
Lineman highest compensated employee | $122k | $491 | — | $29k | $165k $178k |
Line Foreman highest compensated employee | $133k | $1k | — | $11k | $160k $173k |
President | — | — | — | — | $18k $20k |
Assist Secretary/treasurer officer (unspecified) | — | — | — | — | $12k $13k |
Director board member | — | — | — | — | $11k $12k |
Treasurer officer (unspecified) | — | — | — | — | $9k $10k |
Director board member | — | — | — | — | $7k $8k |
Director (until 08/24) board member | — | — | — | — | $7k $7k |
Vice President vice president | — | — | — | — | $7k $7k |
Director board member | — | — | — | — | $6k $7k |
Secretary officer (unspecified) | — | — | — | — | $6k $6k |
Director board member | — | — | — | — | $6k $6k |
Director board member | — | — | — | — | $5k $5k |
Director (beg 07/24) board member | — | — | — | — | $4k $4k |
Director (beg 08/24) board member | — | — | — | — | $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
$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.
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.
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