NonprofitsLake Region Electric Cooperative Inc

Lake Region Electric Cooperative Inc

HULBERT, OK

Total revenue

$74.4M

Total expenses

$74.4M

Net assets

$60.1M

Grants received

EIN

730579543

Tax year

2024

Mission

To provide electricity to members on a cooperative basis.

Programs

1 program

Voice and internet services

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$58.5M
Investment income$717K
Other revenue$15.3M
Total revenue$74.4M

Expenses

Grants paid
Salaries & benefits$5.8M
Fundraising
Other expenses$68.5M
Total expenses$74.4M
Total assets$274.9M
Net assets$60.1M

People

16 listed

NameRoleCompensation

JOHN LEE

CEO

Board

$264K

45 hrs/wk

BEN MCCOLLUM

DIR FINANCE

Board

$145K

40 hrs/wk

HAMID VAHDATIPOUR

INTERIM CEO

Board

$63K

40 hrs/wk

JAMES MANES

PRESIDENT

Board

$61K

8 hrs/wk

JAMES WALLS

DIRECTOR

Board

$54K

3 hrs/wk

RANDALL SHANKLE

SECRETARY/TR

Board

$50K

3 hrs/wk

GARY COOPER

DIRECTOR

Board

$49K

8 hrs/wk

LYNN LAMONS

VICE PRESIDE

Board

$39K

6 hrs/wk

DIANNE MAYFIELD

DIRECTOR

Board

$37K

3 hrs/wk

JACK TEAGUE

ASST. SEC/TR

Board

$30K

10 hrs/wk

LOGAN PLEASANT

DIR OF OPERA

Staff

$236K

40 hrs/wk

WENDELL WELCH

SR DIR IT &

Staff

$235K

40 hrs/wk

LEISA WALKER

DIRECTOR OF

Staff

$233K

40 hrs/wk

LAYNE MARSHALL

LINEMAN

Staff

$183K

40 hrs/wk

RANDALL SCOTT

LINEMAN

Staff

$176K

40 hrs/wk

FRANK TEAGUE

LINEMAN

Staff

$176K

40 hrs/wk

Independent contractors

JCL POWER

HV CONTRACTOR

$1.7M

ARKANSAS ELECTRIC COOP INC

LINE CONTRACTOR

$1.3M

LIBERTY ELECTRIC LINE BUILDERS

CONSTRUCTION

$933K

GRAY TREE SERVICE

ROW CONTRACTOR

$816K

RIGGS TREE SERVICE

ROW CONTRACTOR

$725K

Details

EIN730579543
Subsection12
Ruling date1963-03
Formed1949
Employees132
LAKE REGION ELECTRIC COOPERATIVE INC — Mission, Financials & Grants Received | Grantivo