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Filing year 2024

OWEN ELECTRIC COOPERATIVE INC

Owenton, Kentucky·EIN 61-0299615·501(c)(12)
Total revenue
$246.5M
Total assets
$319.2M
Total expenses
$246.5M
Reported officers
19
Mission

Provide electric service to members on a patronage basis. Serve approximately 66,000 member accounts. Improve our member's lives by providing safe, reliable, and affordable electric service.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 19 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President and CEO
Above 90th percentile
$470k
$498k
Base
$364k
Bonus
Other
Benefits
$20k
VP of Member Services
Board Vice President
75th to 90th percentile
$237k
$251k
Base
$161k
Bonus
Other
Benefits
$19k
VP of Information Systems
Board Vice President
75th to 90th percentile
$237k
$251k
Base
$161k
Bonus
Other
Benefits
$19k
Service Technician
Highest Compensated Employee
Median to 75th percentile
$213k
$226k
Base
$158k
Bonus
Other
Benefits
$19k
VP of Engineering
Board Vice President
Median to 75th percentile
$211k
$224k
Base
$155k
Bonus
Other
Benefits
$8k
VP of Engineering
Board Vice President
Median to 75th percentile
$201k
$214k
Base
$139k
Bonus
Other
Benefits
$18k
Service Technician
Highest Compensated Employee
Median to 75th percentile
$199k
$211k
Base
$151k
Bonus
Other
Benefits
$13k
VP of Operations
Board Vice President
Median to 75th percentile
$193k
$204k
Base
$167k
Bonus
Other
Benefits
$19k
Service Technician
Highest Compensated Employee
Median to 75th percentile
$192k
$203k
Base
$153k
Bonus
Other
Benefits
$3k
Service Technician
Highest Compensated Employee
Median to 75th percentile
$191k
$203k
Base
$145k
Bonus
Other
Benefits
$11k
Service Technician
Highest Compensated Employee
Median to 75th percentile
$167k
$177k
Base
$150k
Bonus
Other
Benefits
$11k
VP of Corporate Services
Board Vice President
Median to 75th percentile
$146k
$155k
Base
$137k
Bonus
Other
Benefits
$1k
Director
Board Member
Median to 75th percentile
$27k
$28k
Secretary-treasurer
Board Treasurer
75th to 90th percentile
$27k
$28k
Director
Board Member
Median to 75th percentile
$25k
$26k
Director
Board Member
Median to 75th percentile
$20k
$21k
Director
Board Member
Median to 75th percentile
$20k
$21k
Vice Chairman
Board Vice Chair
Median to 75th percentile
$20k
$21k
Chairman
Board Chair
25th percentile to median
$19k
$20k

Teal figures restate each filed amount in 2026 dollars.

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

Up 15%
from 2023

From $409k in 2023 to $470k in 2024.

$409k
2023
$470k
2024
In today's dollarsEst.
Up 12% in real terms$447k to $498k

Estimated with BLS CPI-U for the South 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 15% from 2023 to 2024, while revenue rose 4%.

$409k in 2023 to $470k in 2024.
  • Board Vice President pay fell 11% from 2023 to 2024.
  • Highest Compensated Employee pay rose 14% 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

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

RevenueExpenses
$237.8M
$237.8M
2023
$246.5M
$246.5M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about OWEN ELECTRIC COOPERATIVE INC

What does the Chief Executive Officer of OWEN ELECTRIC COOPERATIVE INC earn?

In 2024, the Chief Executive Officer of OWEN ELECTRIC COOPERATIVE INC received $469,889 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at OWEN ELECTRIC COOPERATIVE INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at OWEN ELECTRIC COOPERATIVE INC falls in the top 10%.

What are OWEN ELECTRIC COOPERATIVE INC's revenue and expenses?

In 2024, OWEN ELECTRIC COOPERATIVE INC reported $246.5M in total revenue and $246.5M in total expenses on its IRS Form 990.

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