Compensation 990

Lake Region Electric Cooperative Inc.

Fiscal year ending 2024. Filed on August 13, 2025.

PO Box 127
Hulbert, Oklahoma 74441

Lake Region Electric Cooperative Inc. (EIN: 73-0579543) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Lake Region Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 12 out of 132 total employees. Among the employees shown here, the average compensation is $232,717. The highest compensated employee at Lake Region Electric Cooperative Inc. is Leisa Walker with fiscal year 2024 compensation of $555,776.

Revenue, expenses, and employee compensation

Revenue

$74,447,210

Expenses

$74,447,210

Employee compensation

$5,836,218
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

＋61.2%vs 2023
Leisa Walker
Director
$555,776
$233,237 from orgNo related comp$322,539 other
＋15.0%vs 2023
John Lee
Chief Executive Officer
$389,371
$264,143 from orgNo related comp$125,228 other
＋34.8%vs 2023
Wendell Welch
SR Director IT and
$322,266
$235,470 from orgNo related comp$86,796 other
＋21.9%vs 2023
Logan Pleasant
Operations Director
$316,670
$236,420 from orgNo related comp$80,250 other
－6.7%vs 2023
Ben McCollum
Finance Director
$291,883
$145,306 from orgNo related comp$146,577 other
New in 2024
Frank Teague
Lineman
$246,445
$176,140 from orgNo related comp$70,305 other
New in 2024
Randall Scott
Lineman
$220,964
$176,473 from orgNo related comp$44,491 other
New in 2024
Layne Marshall
Lineman
$206,867
$182,576 from orgNo related comp$24,291 other
－81.4%vs 2022
Hamid Vahdatipour
Interim Chief Executive Officer
$76,894
$62,574 from orgNo related comp$14,320 other
－3.0%vs 2023
James Manes
President
$60,755
$60,755 from orgNo related compNo other comp
＋5.7%vs 2023
James Walls
Director
$54,355
$54,355 from orgNo related compNo other comp
－0.5%vs 2023
Randall Shankle
Secretary and Treasurer
$50,355
$50,355 from orgNo related compNo other comp

Non-Employee Board Members

＋2.4%vs 2022
Gary Cooper
Director
$48,755
$48,755 from orgNo related compNo other comp
－0.5%vs 2023
Lynn Lamons
Vice President
$38,970
$38,970 from orgNo related compNo other comp
－0.6%vs 2023
Dianne Mayfield
Director
$36,570
$36,570 from orgNo related compNo other comp
＋14.4%vs 2023
Jack Teague
Assistant Secretary and Treasurer
$30,170
$30,170 from orgNo related compNo other comp

Mission Statement

TO PROVIDE ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS.

Revisions to this organization profile

August 13, 2025:
2024 Lake Region Electric Cooperative Inc. 990 filed
June 3, 2024:
2023 Lake Region Electric Cooperative Inc. 990 filed
October 5, 2023:
2022 Lake Region Electric Cooperative Inc. 990 filed

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