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Filing year 2024

ONTONAGON COUNTY RURAL ELECTRIFICATION ASSOCIATION

Ontonagon, Michigan·EIN 38-0895655·12
Total revenue
$7.7M
Total assets
$28.2M
Total expenses
$7.3M
Reported officers
13
Mission

TO PROVIDE SAFE, RELIABLE POWER TO THE RURAL AREAS OF HOUGHTON, ONTONAGON, KEWEENAW, BARAGA, AND GOGEBIC COUNTIES IN THE STATE OF MICHIGAN.

Executive compensation

Form 990 · Schedule J · 13 reported individuals · Filing year 2024

Lead Lineman
highest compensated employee
$134k
$144k
Journeyman L
highest compensated employee
$133k
$143k
Journeyman L
highest compensated employee
$133k
$143k
Operations M
highest compensated employee
$118k
$127k
Ceo/general
officer (unspecified)
$113k
$121k
President
board president
$14k
$15k
Director
board member
$12k
$12k
Secretary
board secretary
$10k
$10k
Vice Preside
vice president
$9k
$10k
Treasurer
board treasurer
$6k
$6k
Director
board member
$5k
$5k
Director
board member
$2k
$2k
Director
board member
$1k
$1k

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 25%
from 2023

From $178k in 2023 to $134k in 2024.

$178k
2023
$134k
2024
In today's dollarsEst.
Down 27% in real terms$197k to $144k

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

ONTONAGON COUNTY RURAL ELECTRIFICATION ASSOCIATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$7M
$6.9M
2023
$7.7M
$7.3M
2024
Total revenue and total expenses from IRS Form 990 filings.
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