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Filing year 2024

MIDWEST ELECTRIC INC

St Marys, Ohio·EIN 34-4304217·12
Total revenue
$41.3M
Total assets
$75.3M
Total expenses
$37.8M
Reported officers
17
Mission

TO IMPROVE THE QUALITY OF LIFE FOR OUR MEMBERS AND COMMUNITIES BY SAFELY PROVIDING RELIABLE ELECTRICITY, SUPERIOR CUSTOMER SERVICE, AND INNOVATIVE ENERGY SOLUTIONS AT COMPETITIVE PRICES.

Executive compensation, broken down

Form 990 · Schedule J · 17 reported individuals · Filing year 2024

Assistant Se
officer (unspecified)
$348k
$374k
Base
$221k
Bonus
$732
Other
$9k
Benefits
$15k
Mgr Fin & Cu
officer (unspecified)
$253k
$272k
Base
$151k
Bonus
$4k
Other
$5k
Benefits
$32k
Mgr Engineer
key employee
$240k
$258k
Base
$165k
Bonus
$5k
Other
$7k
Benefits
$15k
Lineman Firs
highest compensated employee
$174k
$187k
Base
$130k
Bonus
$1k
Other
$935
Benefits
$32k
Lineman Firs
highest compensated employee
$172k
$185k
Base
$127k
Bonus
$1k
Other
$965
Benefits
$14k
Mgr Admin Sv
highest compensated employee
$168k
$181k
Base
$126k
Bonus
$2k
Other
$4k
Benefits
$22k
Lineman Firs
highest compensated employee
$148k
$159k
Lineman Firs
highest compensated employee
$145k
$156k
$16k
$17k
Trustee
board member
$13k
$14k
Vice Preside
vice president
$12k
$13k
Secretary-tr
officer (unspecified)
$12k
$13k
Trustee
board member
$11k
$12k
Trustee
board member
$10k
$11k
Trustee
board member
$10k
$11k
Trustee
board member
$6k
$6k
Trustee
board member
$3k
$3k

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.

Up 3%
from 2023

From $337k in 2023 to $348k in 2024.

$337k
2023
$348k
2024
In today's dollarsEst.
Roughly flat in real terms$372k to $374k

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

MIDWEST ELECTRIC INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$36.5M
$34.2M
2023
$41.3M
$37.8M
2024
Total revenue and total expenses from IRS Form 990 filings.
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