Mission
TO PROVIDE ELECTRIC SERVICE AT THE LOWEST POSSIBLE RATES, CONSISTENT WITH SOUND BUSINESS PRINCIPLES.
Executive compensation, broken down
Form 990 · Schedule J · 15 reported individuals · Filing year 2024
General Manager
officer (unspecified)
$277k
$298k
- Base
- $196k
- Bonus
- —
- Other
- —
- Benefits
- $25k
Operations Manager
highest compensated employee
$191k
$205k
- Base
- $127k
- Bonus
- —
- Other
- —
- Benefits
- $25k
Office Manager
highest compensated employee
$188k
$202k
- Base
- $124k
- Bonus
- —
- Other
- —
- Benefits
- $25k
Journey Lineworker/line Foreman
highest compensated employee
$163k
$175k
- Base
- $108k
- Bonus
- —
- Other
- —
- Benefits
- $25k
Journey Lineworker
highest compensated employee
$156k
$168k
- Base
- $101k
- Bonus
- —
- Other
- —
- Benefits
- $27k
Journey Lineworker
highest compensated employee
$155k
$166k
- Base
- $101k
- Bonus
- —
- Other
- —
- Benefits
- $25k
Treasurer
officer (unspecified)
$8k
$8k
Director
board member
$7k
$7k
Director
board member
$6k
$7k
Secetary
officer (unspecified)
$6k
$6k
President
$5k
$6k
Director
board member
$5k
$5k
Director
board member
$5k
$5k
Director
board member
$5k
$5k
Vice President
vice president
$3k
$4k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
General Manager officer (unspecified) | $196k | — | — | $25k | $277k $298k |
Operations Manager highest compensated employee | $127k | — | — | $25k | $191k $205k |
Office Manager highest compensated employee | $124k | — | — | $25k | $188k $202k |
Journey Lineworker/line Foreman highest compensated employee | $108k | — | — | $25k | $163k $175k |
Journey Lineworker highest compensated employee | $101k | — | — | $27k | $156k $168k |
Journey Lineworker highest compensated employee | $101k | — | — | $25k | $155k $166k |
Treasurer officer (unspecified) | — | — | — | — | $8k $8k |
Director board member | — | — | — | — | $7k $7k |
Director board member | — | — | — | — | $6k $7k |
Secetary officer (unspecified) | — | — | — | — | $6k $6k |
President | — | — | — | — | $5k $6k |
Director board member | — | — | — | — | $5k $5k |
Director board member | — | — | — | — | $5k $5k |
Director board member | — | — | — | — | $5k $5k |
Vice President vice president | — | — | — | — | $3k $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 30%
from 2023
From $213k in 2023 to $277k in 2024.
$213k
2023
$277k
2024
$213k
2023
$277k
2024
In today's dollarsEst.
Up 27% in real terms$235k to $298k
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
TRAVERSE ELECTRIC COOPERATIVE INC reported revenue and expenses across 2 filing years.
RevenueExpenses
$14.7M
$14.7M
2023
$14.4M
$14.4M
2024
Total revenue and total expenses from IRS Form 990 filings.
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