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Filing year 2024

Spoon River Electric Cooperative

Canton, Illinois·EIN 37-0527067·12
Total revenue
$12.5M
Total assets
$39.5M
Total expenses
$11.8M
Reported officers
19
Mission

To make the satisfaction of our members or number one priority. To continue our core business of providing reliable electric service to our members. To maintain the fiscal stability of the organization. To provide other products and services t our members that enhance their quality of life.

Executive compensation, broken down

Form 990 · Schedule J · 19 reported individuals · Filing year 2024

Base
$147k
Bonus
Other
$775
Benefits
$25k
Jny Lineman
highest compensated employee
$196k
$211k
Base
$132k
Bonus
Other
$541
Benefits
$20k
Lineman
key employee
$169k
$182k
Base
$157k
Bonus
Other
$541
Benefits
$7k
Line Foreman
highest compensated employee
$167k
$180k
Base
$116k
Bonus
Other
$618
Benefits
$25k
Operations Mgr
highest compensated employee
$159k
$171k
Base
$123k
Bonus
Other
$645
Benefits
$158
Jny Lineman
highest compensated employee
$158k
$170k
Base
$135k
Bonus
Other
$541
Benefits
$20k
Jny Lineman
highest compensated employee
$157k
$169k
Base
$131k
Bonus
Other
$541
Benefits
$20k
Jny Lineman
highest compensated employee
$148k
$159k
CFO & Office Manager
$90k
$97k
Controller
officer (unspecified)
$19k
$21k
Director
board member
$5k
$5k
Director
board member
$5k
$5k
Director
board member
$4k
$5k
Vice President
vice president
$3k
$4k
Director
board member
$3k
$3k
Secretary
officer (unspecified)
$2k
$3k
Treasurer
officer (unspecified)
$2k
$2k
Director
board member
$2k
$2k

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.

Up 5%
from 2023

From $207k in 2023 to $217k in 2024.

$207k
2023
$217k
2024
In today's dollarsEst.
Up 2% in real terms$228k to $233k

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

Spoon River Electric Cooperative reported revenue and expenses across 2 filing years.

RevenueExpenses
$12.3M
$11.5M
2023
$12.5M
$11.8M
2024
Total revenue and total expenses from IRS Form 990 filings.
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