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Filing year 2024

SAN MIGUEL ELECTRIC COOPERATIVE INC

Jourdanton, Texas·EIN 74-1937134·12
Total revenue
$175.6M
Total assets
$526.8M
Total expenses
$175.6M
Reported officers
30
Mission

Provide safe, reliable and affordable power to our members through diligent resource management, environmental stewardship, and employee growth, while helping to meet needs within the communities we serve. Maintain a dependable power supply at the lowest possible and competitive cost to our customers through integrity, hard work, and safety.

Executive compensation, broken down

Form 990 · Schedule J · 28 reported individuals · Filing year 2024

General Manager
officer (unspecified)
$588k
$623k
Base
$494k
Bonus
Other
$1k
Benefits
$45k
Ehs & Engineering Manager
key employee
$289k
$307k
Base
$172k
Bonus
$10k
Other
$68k
Benefits
$34k
Fuels Manager
key employee
$251k
$267k
Base
$195k
Bonus
$19k
Other
$9k
Benefits
$10k
Operations, Maintenance, & Engineering Manager
key employee
$237k
$251k
Base
$172k
Bonus
$17k
Other
$9k
Benefits
$33k
Chief Financial Officer
$213k
$226k
Base
$158k
Bonus
$14k
Other
$585
Benefits
$32k
Mechanic Crew a
highest compensated employee
$196k
$208k
Base
$151k
Bonus
$3k
Other
Benefits
$33k
Mechanic Leadman
highest compensated employee
$194k
$205k
Base
$147k
Bonus
$3k
Other
$4k
Benefits
$31k
Class a Mechanic
highest compensated employee
$190k
$202k
Base
$137k
Bonus
$3k
Other
$400
Benefits
$33k
Control Room Operator Class a
highest compensated employee
$185k
$197k
Base
$146k
Bonus
$3k
Other
$491
Benefits
$31k
Safety Training Supervisor
highest compensated employee
$184k
$195k
Base
$115k
Bonus
$3k
Other
$49k
Benefits
$17k
Director
board member
$15k
$16k
Director
board member
$15k
$16k
Director
board member
$14k
$15k
Director
board member
$14k
$15k
Secretary/treasurer
board treasurer
$14k
$15k
Director
board member
$14k
$15k
Director
board member
$14k
$14k
Assistant Secretary/treasurer
board treasurer
$14k
$14k
Director
board member
$14k
$14k
Vice President (acting President Nov-dec)
vice president
$14k
$14k
Director
board member
$13k
$14k
Director
board member
$13k
$14k
Director
board member
$13k
$14k
Director
board member
$13k
$14k
Director
board member
$12k
$13k
President (jan-oct)
board president
$12k
$12k
Director
board member
$2k
$2k
Director
board member
$2k
$2k

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.

Plus 2 unpaid individuals.

Up 23%
from 2023

From $478k in 2023 to $588k in 2024.

$478k
2023
$588k
2024
In today's dollarsEst.
Up 19% in real terms$522k to $623k

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.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

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

RevenueExpenses
$185M
$185M
2023
$175.6M
$175.6M
2024
Total revenue and total expenses from IRS Form 990 filings.
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