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Filing year 2024

TRI-COUNTY ELECTRIC COOPERATIVE

Portland, Michigan·EIN 38-1109570·12
Total revenue
$73.4M
Total assets
$244.3M
Total expenses
$74M
Reported officers
17
Mission

To provide our members and customers with energy comfort and communication solutions that will enhance their quality of life.

Executive compensation, broken down

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

$438k
$471k
Base
$261k
Bonus
$65k
Other
$924
Benefits
$30k
CIO
chief information officer
$264k
$284k
Base
$150k
Bonus
$4k
Other
$3k
Benefits
$27k
Engineering Supervisor
highest compensated employee
$247k
$266k
Base
$145k
Bonus
$8k
Other
$2k
Benefits
$29k
Base
$168k
Bonus
$3k
Other
$4k
Benefits
$24k
Lineman
highest compensated employee
$219k
$235k
Base
$178k
Bonus
Other
$507
Benefits
$26k
Lineman
highest compensated employee
$213k
$229k
Base
$159k
Bonus
Other
$551
Benefits
$28k
Lineman
highest compensated employee
$211k
$227k
Base
$157k
Bonus
Other
$811
Benefits
$26k
Lineman
highest compensated employee
$202k
$217k
Base
$164k
Bonus
Other
$341
Benefits
$26k
Base
$134k
Bonus
$14k
Other
$364
Benefits
$1k
Chairman
board chair
$22k
$24k
Board Member
board member
$22k
$24k
Board Member
board member
$19k
$21k
Vice Chairman
board vice chair
$19k
$20k
Board Member
board member
$18k
$19k
Board Member
board member
$16k
$18k
Secretary-treasurer
officer (unspecified)
$10k
$10k
Board Member
board member
$8k
$9k

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 8%
from 2023

From $404k in 2023 to $438k in 2024.

$404k
2023
$438k
2024
In today's dollarsEst.
Up 5% in real terms$447k to $471k

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

TRI-COUNTY ELECTRIC COOPERATIVE reported revenue and expenses across 2 filing years.

RevenueExpenses
$68M
$69M
2023
$73.4M
$74M
2024
Total revenue and total expenses from IRS Form 990 filings.
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