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Filing year 2024

CENTRAL VIRGINIA ELECTRIC COOPERATIVE

Lovingston, Virginia·EIN 54-0164798·12
Total revenue
$124.8M
Total assets
$481.7M
Total expenses
$123.3M
Reported officers
19
Mission

SAFE AND EFFECTIVE DELIVERY OF ELECTRICITY TO THE MEMBERS OF CENTRAL VIRGINIA ELECTRIC COOPERATIVE.

Executive compensation, broken down

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

$786k
$834k
Base
$557k
Bonus
$12k
Other
$135k
Benefits
$20k
Base
$361k
Bonus
$7k
Other
$58k
Benefits
$20k
Base
$352k
Bonus
$7k
Other
$44k
Benefits
$20k
Member Svcs
highest compensated employee
$334k
$354k
Base
$236k
Bonus
$4k
Other
$32k
Benefits
$20k
HR Manager
highest compensated employee
$308k
$327k
Base
$227k
Bonus
$4k
Other
$10k
Benefits
$20k
Info Tech Mg
highest compensated employee
$300k
$318k
Base
$224k
Bonus
$4k
Other
$12k
Benefits
$20k
Eng Svcs Man
highest compensated employee
$286k
$304k
Base
$210k
Bonus
$4k
Other
$5k
Benefits
$20k
Operations M
highest compensated employee
$283k
$300k
Base
$226k
Bonus
$5k
Other
Benefits
$20k
Director
board member
$35k
$37k
Secretary
officer (unspecified)
$33k
$35k
Chairman
board chair
$32k
$34k
Vice-chairma
officer (unspecified)
$30k
$31k
Treasurer
officer (unspecified)
$29k
$31k
Director
board member
$29k
$31k
Director
board member
$28k
$30k
Director
board member
$22k
$24k
Director
board member
$21k
$22k
Former Direc
board member
$9k
$9k
Former Direc
board member
$2k
$2k

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 3%
from 2023

From $814k in 2023 to $786k in 2024.

$814k
2023
$786k
2024
In today's dollarsEst.
Down 6% in real terms$889k to $834k

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 VIRGINIA ELECTRIC COOPERATIVE reported revenue and expenses across 2 filing years.

RevenueExpenses
$114.6M
$114.9M
2023
$124.8M
$123.3M
2024
Total revenue and total expenses from IRS Form 990 filings.
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