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Filing year 2024

CENTRAL ELECTRIC MEMBERSHIP CORPORATION

Sanford, North Carolina·EIN 56-0478157·12
Total revenue
$62.2M
Total assets
$138M
Total expenses
$62.9M
Reported officers
19
Mission

SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF CENTRAL EMC

Executive compensation, broken down

Form 990 · Schedule J · 19 reported individuals · Filing year 2024

$340k
$361k
Base
$253k
Bonus
Other
Benefits
$13k
VP Fin & Act
vice president
$232k
$246k
Base
$169k
Bonus
Other
Benefits
$13k
VP of Custom
vice president
$226k
$240k
Base
$158k
Bonus
Other
Benefits
$18k
VP of Member
vice president
$221k
$234k
Base
$156k
Bonus
Other
Benefits
$18k
Manager of O
highest compensated employee
$188k
$199k
Base
$131k
Bonus
Other
Benefits
$18k
Mgr Payroll/
highest compensated employee
$170k
$181k
Base
$117k
Bonus
Other
Benefits
$18k
Overhead for
highest compensated employee
$166k
$176k
Base
$117k
Bonus
Other
Benefits
$18k
Mgr of Engin
highest compensated employee
$164k
$174k
Base
$112k
Bonus
Other
Benefits
$18k
Dir of Cust
highest compensated employee
$163k
$173k
Base
$116k
Bonus
Other
Benefits
$13k
$27k
$28k
Director
board member
$26k
$27k
Director
board member
$22k
$24k
Vice-preside
vice president
$22k
$23k
Director
board member
$22k
$23k
Director
board member
$21k
$22k
Secretary-tr
officer (unspecified)
$21k
$22k
Director
board member
$20k
$21k
Asst. Secret
officer (unspecified)
$20k
$21k
Director
board member
$12k
$13k

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.

Up 6%
from 2023

From $322k in 2023 to $340k in 2024.

$322k
2023
$340k
2024
In today's dollarsEst.
Up 3% in real terms$352k to $361k

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

CENTRAL ELECTRIC MEMBERSHIP CORPORATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$58.2M
$60.1M
2023
$62.2M
$62.9M
2024
Total revenue and total expenses from IRS Form 990 filings.
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