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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Indian Electric Cooperative Inc.

Indian Electric Cooperative Inc.

Fiscal year ending 2023. Filed on October 14, 2024.

P O Box 49
Cleveland, Oklahoma 74020

Indian Electric Cooperative Inc. (EIN: 73-0297135) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2023 IRS Form 990 filing, Indian Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 7 out of 96 total employees. Among the employees shown here, the average compensation is $227,219. The highest compensated employee at Indian Electric Cooperative Inc. is Todd Schroeder with fiscal year 2023 compensation of $349,544.

Revenue, expenses, and employee compensation

Revenue

$66,119,356

Expenses

$66,119,356

Employee compensation

$1,714,593
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Todd Schroeder
General Manager
$349,544
$270,726 No related comp$78,818
Don Lawrence
Vice President of IT and B
$214,945
$159,284 No related comp$55,661
Kimberly Lay
MGR Finance
$210,206
$139,887 No related comp$70,319
James Garrison
Vice President, Operations
$209,927
$139,492 No related comp$70,435
David Wilson
Assistant General Manager
$203,336
$147,660 No related comp$55,676
Kenneth Morgan
Line Foreman
$201,868
$143,618 No related comp$58,250
John Pollard
Vice President, Engineering
$200,707
$144,940 No related comp$55,767

Benchmark Employee Compensation

Non-Employee Board Members

Jim Hadlock
President
$41,162
$41,162 No related compNo other comp
Mike Spradling
Vice President
$23,835
$23,835 No related compNo other comp
Greg Fielding
Trustee
$13,852
$13,852 No related compNo other comp
Ralph Jerome
Assistant Secretary
$12,400
$12,400 No related compNo other comp
Lee Peckenpaugh
Trustee
$11,800
$11,800 No related compNo other comp
Berry Keeler
Secretary and Treasurer
$11,009
$11,009 No related compNo other comp
Chris Hudgins
Trustee
$10,000
$10,000 No related compNo other comp

Contractors

Cooperative Building Solutions
Construction
$7,697,516
Trans-Tel Central LLC
Fiber Contracto
$3,432,470
Davis H Elliott Corporation
Elec Distr Srvc
$3,195,662
247 Inc.
Right of Way
$2,082,041
Application Specialties
Row Spraying
$149,734

Mission Statement

TO PROVIDE ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS.

Revisions to this organization profile

November 13, 2025:
2024 Indian Electric Cooperative Inc. 990 filed
October 14, 2024:
2023 Indian Electric Cooperative Inc. 990 filed
October 2, 2023:
2022 Indian Electric Cooperative Inc. 990 filed

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