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Filing year 2024

OTSEGO ELECTRIC COOPERATIVE INC

Hartwick, New York·EIN 15-0500061·12
Total revenue
$13.5M
Total assets
$55.2M
Total expenses
$13.1M
Reported officers
14
Mission

The Mission of Otsego Electric Cooperative, Inc. is working to improve the quality of life of our members and our communities. The Purpose of Otsego Electric Cooperative, Inc. is to provide cost competitive, safe and reliable energy and broadband solutions.

Executive compensation, broken down

Form 990 · Schedule J · 14 reported individuals · Filing year 2024

Ceo/counsel
officer (unspecified)
$269k
$291k
Base
$191k
Bonus
$2k
Other
$8k
Benefits
$36k
Line Foreman
unclassified
$248k
$267k
Base
$163k
Bonus
Other
$335
Benefits
$30k
Construct Foreman
unclassified
$192k
$207k
Base
$127k
Bonus
Other
$733
Benefits
$54k
Maintenance Forema
unclassified
$176k
$190k
Base
$144k
Bonus
Other
$711
Benefits
$4k
1st Class Lineman
unclassified
$153k
$165k
Base
$136k
Bonus
Other
$545
Benefits
$5k
Director Acct
director (operational)
$148k
$160k
Apprentice Lineman
unclassified
$141k
$153k
Director
board member
$8k
$9k
Treasurer
officer (unspecified)
$6k
$6k
Vice President
vice president
$6k
$6k
Secretary
officer (unspecified)
$5k
$5k
Director
board member
$4k
$4k
Director
board member
$4k
$4k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Up 3%
from 2023

From $261k in 2023 to $269k in 2024.

$261k
2023
$269k
2024
In today's dollarsEst.
Roughly flat in real terms$291k to $291k

Estimated with BLS CPI-U for the Northeast 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

OTSEGO ELECTRIC COOPERATIVE INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$13.1M
$12.7M
2023
$13.5M
$13.1M
2024
Total revenue and total expenses from IRS Form 990 filings.
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