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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 Lake Region Electric Cooperative Inc.

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

Leisa Walker
Director
$555,776
$233,237 No related comp$322,539
John Lee
Chief Executive Officer
$389,371
$264,143 No related comp$125,228
Wendell Welch
SR Director IT and
$322,266
$235,470 No related comp$86,796
Logan Pleasant
Operations Director
$316,670
$236,420 No related comp$80,250
Ben McCollum
Finance Director
$291,883
$145,306 No related comp$146,577
Frank Teague
Lineman
$246,445
$176,140 No related comp$70,305
Randall Scott
Lineman
$220,964
$176,473 No related comp$44,491
Layne Marshall
Lineman
$206,867
$182,576 No related comp$24,291
Hamid Vahdatipour
Interim Chief Executive Officer
$76,894
$62,574 No related comp$14,320
James Manes
President
$60,755
$60,755 No related compNo other comp
James Walls
Director
$54,355
$54,355 No related compNo other comp
Randall Shankle
Secretary and Treasurer
$50,355
$50,355 No related compNo other comp

Benchmark Employee Compensation

Non-Employee Board Members

Gary Cooper
Director
$48,755
$48,755 No related compNo other comp
Lynn Lamons
Vice President
$38,970
$38,970 No related compNo other comp
Dianne Mayfield
Director
$36,570
$36,570 No related compNo other comp
Jack Teague
Assistant Secretary and Treasurer
$30,170
$30,170 No related compNo other comp

Contractors

Jcl Power LLC
Hv Contractor
$1,713,349
Arkansas Electric Cooperative
Line Contractor
$1,343,759
Liberty Electric Line Builders LLC
Construction
$932,939
Gray Tree Service
Row Contractor
$816,090
Riggs Tree Service
Row Contractor
$724,901

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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Other organizations also named Lake Region Electric Cooperative

Lake Region Electric Cooperative
Pelican Rapids, Minnesota
Lake Region Electric Cooperative Foundation Inc.
Hulbert, Oklahoma