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Filing year 2024

Presque Isle Electric & Gas Co-op

Onaway, Michigan·EIN 38-0941545·12
Total revenue
$69.7M
Total assets
$240.2M
Total expenses
$72.6M
Reported officers
18
Mission

To provide energy and other services to sustain and improve the quality of life for our members through the use of a cooperative business structure.

Executive compensation, broken down

Form 990 · Schedule J · 18 reported individuals · Filing year 2024

President & CEO (as of May 2024)
$230k
$247k
Base
$214k
Bonus
Other
$2k
Benefits
$16k
President & CEO (until June 2024)
$221k
$238k
Base
$188k
Bonus
Other
$5k
Benefits
$10k
Class a Lineman
highest compensated employee
$220k
$237k
Base
$177k
Bonus
Other
$288
Benefits
$34k
Working Foreman
highest compensated employee
$218k
$234k
Base
$180k
Bonus
$60
Other
$826
Benefits
$28k
Working Foreman
highest compensated employee
$217k
$233k
Base
$173k
Bonus
$30
Other
$475
Benefits
$34k
Base
$120k
Bonus
Other
$2k
Benefits
$40k
Staking Engineer
highest compensated employee
$182k
$196k
Base
$160k
Bonus
$30
Other
$826
Benefits
$13k
Class a Lineman
highest compensated employee
$172k
$186k
Base
$162k
Bonus
Other
$115
Benefits
$2k
Director Info Tech(until Aug 2024)
key employee
$171k
$183k
Base
$156k
Bonus
Other
$654
Benefits
$1k
Secretary/chairman
officer (unspecified)
$14k
$16k
Treasurer
officer (unspecified)
$14k
$15k
Vice Chairman/chairman/director
board member
$14k
$15k
Director
board member
$14k
$15k
Director
board member
$14k
$15k
Director/vice Chairman
board chair
$12k
$13k
Director/secretary
officer (unspecified)
$12k
$13k
Director
board member
$12k
$13k
Director (as of Nov 2024)
board member
$920
$990

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 16%
from 2023

From $273k in 2023 to $230k in 2024.

$273k
2023
$230k
2024
In today's dollarsEst.
Down 18% in real terms$302k to $247k

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

Presque Isle Electric & Gas Co-op reported revenue and expenses across 2 filing years.

RevenueExpenses
$60.7M
$63.6M
2023
$69.7M
$72.6M
2024
Total revenue and total expenses from IRS Form 990 filings.
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