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Filing year 2024

CARTERET-CRAVEN ELECTRIC COOPERATIVE

Newport, North Carolina·EIN 56-0168825·12
Total revenue
$75.2M
Total assets
$140.8M
Total expenses
$71.1M
Reported officers
16
Mission

Electric Distribution to Membership

Executive compensation, broken down

Form 990 · Schedule J · 16 reported individuals · Filing year 2024

Base
$330k
Bonus
Other
Benefits
VP of Engineering
vice president
$227k
$241k
Base
$181k
Bonus
Other
Benefits
VP of Customer Services
vice president
$162k
$172k
Director of Engineering
highest compensated employee
$143k
$152k
VP of Finance & Accounting
vice president
$141k
$149k
Line/service Technician
highest compensated employee
$138k
$147k
Line Crew Leader
highest compensated employee
$135k
$143k
Director
board member
$19k
$20k
President
board president
$18k
$19k
Treasurer
board treasurer
$17k
$18k
Assistant Treasurer
board treasurer
$16k
$17k
Director
board member
$16k
$17k
Vice President
vice president
$16k
$17k
Secretary
board secretary
$14k
$15k
Assistant Secretary
board secretary
$14k
$15k
Director
board member
$13k
$14k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Down 4%
from 2023

From $524k in 2023 to $503k in 2024.

$524k
2023
$503k
2024
In today's dollarsEst.
Down 7% in real terms$572k to $534k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

CARTERET-CRAVEN ELECTRIC COOPERATIVE reported revenue and expenses across 2 filing years.

RevenueExpenses
$72.4M
$68.4M
2023
$75.2M
$71.1M
2024
Total revenue and total expenses from IRS Form 990 filings.
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