Skip to main content
Filing year 2024

Thumb Electric Cooperative of Michigan

Ubly, Michigan·EIN 38-1101255·12
Total revenue
$34.6M
Total assets
$209.4M
Total expenses
$35.1M
Reported officers
17
Mission

Electric Cooperative with Fiber Division.

Executive compensation, broken down

Form 990 · Schedule J · 17 reported individuals · Filing year 2024

General Manager
officer (unspecified)
$422k
$454k
Base
$258k
Bonus
Other
$4k
Benefits
$27k
Accounting Manager
officer (unspecified)
$245k
$263k
Base
$131k
Bonus
Other
$2k
Benefits
$11k
Operations Manager
key employee
$227k
$245k
Base
$182k
Bonus
Other
$692
Benefits
$3k
Journeyman Lineman-foreman
highest compensated employee
$212k
$228k
Base
$166k
Bonus
Other
$1k
Benefits
$22k
Journeyman Lineman-utility
highest compensated employee
$207k
$223k
Base
$163k
Bonus
Other
$410
Benefits
$25k
Journeyman Lineman
highest compensated employee
$201k
$216k
Base
$168k
Bonus
Other
$390
Benefits
$20k
Journeyman Lineman
highest compensated employee
$198k
$213k
Base
$166k
Bonus
Other
$424
Benefits
$20k
Journeyman Lineman-foreman
highest compensated employee
$197k
$212k
Base
$166k
Bonus
Other
$222
Benefits
$20k
Vice President
vice president
$12k
$12k
$11k
$12k
Director
board member
$10k
$11k
Director
board member
$9k
$10k
Secretary
officer (unspecified)
$9k
$10k
Director
board member
$8k
$9k
Director
board member
$7k
$8k
Treasurer
officer (unspecified)
$6k
$6k
Director
board member
$4k
$4k

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 16%
from 2023

From $364k in 2023 to $422k in 2024.

$364k
2023
$422k
2024
In today's dollarsEst.
Up 13% in real terms$402k to $454k

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

Thumb Electric Cooperative of Michigan reported revenue and expenses across 2 filing years.

RevenueExpenses
$31.3M
$30.7M
2023
$34.6M
$35.1M
2024
Total revenue and total expenses from IRS Form 990 filings.
Free, forever
Build lists. Save your benchmarks.
A free Lucido account lets you build lists of nonprofits and save your search filters. No credit card.
Create free account
Already a member? Sign in
Build a benchmark

Compare any role, sector, or revenue band

Build your own benchmark from millions of reported positions.