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Filing year 2024

MIDWEST ENERGY COOPERATIVE

Cassopolis, Michigan·EIN 38-3386126·NTEE K20 · Food, Agriculture & Nutrition·501(c)(12)
Total revenue
$168.1M
Total assets
$592.5M
Total expenses
$167.2M
Reported officers
22
Mission

PROVIDE ELECTRIC POWER TO MEMBERS

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 22 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Food, Agriculture & Nutrition organizations nationwide.

Ceo/president (thru 9/24)
Above 90th percentilevs Food, Agriculture & Nutrition peers in Michigan
$745k
$801k
Base
$538k
Bonus
$76k
Other
Benefits
$15k
Ceo/president
Above 90th percentilevs Food, Agriculture & Nutrition peers in Michigan
$424k
$457k
Base
$299k
Bonus
Other
$93k
Benefits
$23k
CFO
Above 90th percentile
$343k
$369k
Base
$287k
Bonus
Other
Benefits
$27k
VP Regulatory & Gas Operations
Board Vice President
Above 90th percentile
$305k
$329k
Base
$197k
Bonus
Other
Benefits
$21k
VP Marketing & Member Solutions
Board Vice President
Above 90th percentile
$289k
$311k
Base
$206k
Bonus
Other
$51k
Benefits
$26k
VP Electric & Fiber Operations
Board Vice President
Above 90th percentile
$275k
$296k
Base
$189k
Bonus
Other
$55k
Benefits
$26k
VP Employment Engagement
Board Vice President
75th to 90th percentile
$255k
$274k
Base
$184k
Bonus
Other
$44k
Benefits
$21k
Lineman
Highest Compensated Employee
Above 90th percentile
$250k
$269k
Base
$204k
Bonus
Other
Benefits
$21k
Lineman
Highest Compensated Employee
Above 90th percentile
$247k
$266k
Base
$202k
Bonus
Other
Benefits
$21k
VP Regulatory & Gas Operations
Board Vice President
75th to 90th percentile
$239k
$257k
Base
$198k
Bonus
Other
Benefits
$21k
Lineman
Highest Compensated Employee
Above 90th percentile
$238k
$256k
Base
$208k
Bonus
Other
Benefits
$7k
Chief Strat & Cyber Sec (thru 6/24)
Officer (Unspecified)
$157k
$169k
Base
$127k
Bonus
Other
Benefits
$17k
Director
Board Member
Median to 75th percentile
$34k
$36k
Vice Chairman
Board Vice Chair
Median to 75th percentilevs all sectors nationwide
$26k
$28k
Chairman
Board Chair
25th percentile to median
$24k
$26k
Secretary
Officer (Unspecified)
$23k
$25k
Director
Board Member
Median to 75th percentile
$23k
$24k
Director
Board Member
Median to 75th percentile
$22k
$24k
Director
Board Member
Median to 75th percentile
$22k
$23k
Treasurer
Officer (Unspecified)
$15k
$16k
Vice Chairman (thru 6/24)
Board Vice Chair
25th percentile to medianvs all sectors nationwide
$9k
$10k
Director
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.

Browse compensation in Food, Agriculture & Nutrition

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at MIDWEST ENERGY COOPERATIVE equaled 0.4% of the organization's total expenses. The median for food, agriculture & nutrition organizations is 8%.

This organization (2024)
0.4%
Sector median
8%
Middle half of sector
3% to 19%

Based on 2,784 food, agriculture & nutrition organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 28%
from 2023

From $582k in 2023 to $745k in 2024.

$582k
2023
$745k
2024
In today's dollarsEst.
Up 25% in real terms$643k to $801k

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 rose 28% from 2023 to 2024, while revenue rose 15%.

$582k in 2023 to $745k in 2024.
  • Chief Financial Officer pay rose 11% from 2023 to 2024.
  • Board Vice President pay rose 11% 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

MIDWEST ENERGY COOPERATIVE reported revenue and expenses across 2 filing years.

RevenueExpenses
$146.6M
$145.1M
2023
$168.1M
$167.2M
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Food, Agriculture & Nutrition executives earn in Michigan

Comparable food, agriculture & nutrition organizations in Michigan pay their highest-earning executive a median of $58,923.

25th percentile
$24k
Median
$58,923
75th percentile
$106k
90th percentile
$204k

These are food, agriculture & nutrition sector-wide figures, not this organization's reported pay. Based on 73 organizations across 73 filings (2022 – 2024).

See full Food, Agriculture & Nutrition pay data for Michigan
FAQ

Common questions about MIDWEST ENERGY COOPERATIVE

What does the Chief Executive Officer of MIDWEST ENERGY COOPERATIVE earn?

In 2024, the Chief Executive Officer of MIDWEST ENERGY COOPERATIVE received $744,737 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Food, Agriculture & Nutrition organizations in Michigan: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at MIDWEST ENERGY COOPERATIVE compare with similar nonprofits?

Compared with the same role at Food, Agriculture & Nutrition organizations in Michigan, the 2024 pay of the Chief Executive Officer at MIDWEST ENERGY COOPERATIVE falls in the top 10%. In 2024, the highest total compensation at MIDWEST ENERGY COOPERATIVE equaled 0.4% of the organization's total expenses. The median for food, agriculture & nutrition organizations is 8%.

What are MIDWEST ENERGY COOPERATIVE's revenue and expenses?

In 2024, MIDWEST ENERGY COOPERATIVE reported $168.1M in total revenue and $167.2M in total expenses on its IRS Form 990.

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