Compensation 990

Owen Electric Cooperative Inc.

Fiscal year ending 2020. Filed on May 5, 2021.

PO Box 400
Owenton, Kentucky 40359

Owen Electric Cooperative Inc. (EIN: 61-0299615) has filed an IRS Form 990 since fiscal year 2020. In its fiscal year 2020 IRS Form 990 filing, Owen Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 11 out of 141 total employees. Among the employees shown here, the average compensation is $202,435. The highest compensated employee at Owen Electric Cooperative Inc. is Michael L Cobb with fiscal year 2020 compensation of $323,310.

Revenue, expenses, and employee compensation

Revenue

$164,482,553

Expenses

$164,482,553

Employee compensation

$10,941,210
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

New in 2020
Michael L Cobb
President and Chief Executive Officer
$323,310
$254,514 from orgNo related comp$68,796 other
New in 2020
James R Williams
Senior Vice President of Operations and Technology
$229,373
$204,065 from orgNo related comp$25,308 other
New in 2020
Brian Jones
Manager of Construction
$218,388
$158,000 from orgNo related comp$60,388 other
New in 2020
April Brown
Vice President, Human Resources
$201,720
$152,784 from orgNo related comp$48,936 other
New in 2020
Mark Stallons
President and Chief Executive Officer
$198,669
$175,921 from orgNo related comp$22,748 other
New in 2020
James Petreshock
Information Technology Manager
$192,638
$134,666 from orgNo related comp$57,972 other
New in 2020
Joseph Waichulis
Service Technician
$191,626
$146,577 from orgNo related comp$45,049 other
New in 2020
Teresa Hamilton
Vice President, Accounting
$185,709
$135,844 from orgNo related comp$49,865 other
New in 2020
Michael Stafford
Vice President, Member Services
$175,687
$142,919 from orgNo related comp$32,768 other
New in 2020
Joseph Schmiade
Service Technician
$155,893
$140,530 from orgNo related comp$15,363 other
New in 2020
Larry Richardson
Service Technician
$153,772
$145,066 from orgNo related comp$8,706 other

Non-Employee Board Members

New in 2020
John Grant
Board Chair
$23,084
$23,084 from orgNo related compNo other comp
New in 2020
Richard Messingschlager
Board Vice Chair
$22,638
$22,638 from orgNo related compNo other comp
New in 2020
Charles Richarson
Director
$22,194
$22,194 from orgNo related compNo other comp
New in 2020
Eddie McCord
Director
$21,618
$21,618 from orgNo related compNo other comp
New in 2020
Hope Kinman
Secretary and Treasurer
$21,055
$21,055 from orgNo related compNo other comp
New in 2020
Charles Alan Ahrman
Director
$21,002
$21,002 from orgNo related compNo other comp
New in 2020
Robert True
Director
$20,969
$20,969 from orgNo related compNo other comp

Mission Statement

Provide electric service to members on a patronage basis. Serve approximately 66,000 member accounts. Improve our member's lives by providing safe, reliable, and affordable electric service.

Revisions to this organization profile

May 6, 2025:
2024 Owen Electric Cooperative Inc. 990 filed
May 3, 2024:
2023 Owen Electric Cooperative Inc. 990 filed
May 4, 2023:
2022 Owen Electric Cooperative Inc. 990 filed

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