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Filing year 2024

CHOCTAWHATCHEE ELECTRIC COOPERATIVE INC

Defuniak Springs, Florida·EIN 59-0192831·501(c)(12)
Total revenue
$162.7M
Total assets
$422.6M
Total expenses
$153.9M
Reported officers
16
Mission

TO PROVIDE ELECTRIC SERVICE TO MEMBERS IN PARTS OF HOLMES, OKALOOSA, SANTA ROSA, & WALTON COUNTIES.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 16 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Chief Operating Officer
Above 90th percentile
$862k
$914k
Base
$455k
Bonus
$687
Other
$42k
Benefits
$25k
Senior VP of E&o
Senior Vice President
Median to 75th percentile
$312k
$331k
Base
$201k
Bonus
$2k
Other
$22k
Benefits
$24k
VP of Member Svcs
Board Vice President
75th to 90th percentile
$293k
$311k
Base
$171k
Bonus
$2k
Other
$11k
Benefits
$27k
VP of Administration
Board Vice President
75th to 90th percentile
$281k
$298k
Base
$180k
Bonus
$2k
Other
$20k
Benefits
$9k
VP of Finance
Vice President
Above 90th percentile
$251k
$266k
Base
$183k
Bonus
$2k
Other
$13k
Benefits
$23k
Senior Line Technician
Highest Compensated Employee
Median to 75th percentile
$224k
$237k
Base
$164k
Bonus
$305
Other
$445
Benefits
$24k
Manager of Engineering
Highest Compensated Employee
Median to 75th percentile
$194k
$206k
Base
$140k
Bonus
$12k
Other
$1k
Benefits
$27k
Trustee
Board Member
Median to 75th percentile
$28k
$30k
Vice President
25th percentile to median
$24k
$25k
Asst Secretary/treasurer
Officer (Unspecified)
$21k
$22k
Secretary/treasurer
Officer (Unspecified)
$19k
$20k
President
10th to 25th percentile
$19k
$20k
Trustee
Board Member
25th percentile to median
$15k
$16k
Trustee
Board Member
25th percentile to median
$14k
$15k
Trustee
Board Member
25th percentile to median
$13k
$14k
Trustee
Board Member
25th percentile to median
$9k
$10k

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 8%
from 2023

From $796k in 2023 to $862k in 2024.

$796k
2023
$862k
2024
In today's dollarsEst.
Up 5% in real terms$869k to $914k

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.

Pay for the position

Senior Vice President pay rose 5% from 2023 to 2024, while revenue rose 9%.

$297k in 2023 to $312k in 2024.
  • Board Vice President pay held roughly steady from 2023 to 2024.
  • Vice President pay rose 8% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

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

Revenue and expenses over time

CHOCTAWHATCHEE ELECTRIC COOPERATIVE INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$149.2M
$141.9M
2023
$162.7M
$153.9M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about CHOCTAWHATCHEE ELECTRIC COOPERATIVE INC

What does the Chief Operating Officer of CHOCTAWHATCHEE ELECTRIC COOPERATIVE INC earn?

In 2024, the Chief Operating Officer of CHOCTAWHATCHEE ELECTRIC COOPERATIVE INC received $861,572 in total compensation. This pay is in the top 10% for Chief Operating Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Operating Officer pay at CHOCTAWHATCHEE ELECTRIC COOPERATIVE INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Operating Officer at CHOCTAWHATCHEE ELECTRIC COOPERATIVE INC falls in the top 10%.

What are CHOCTAWHATCHEE ELECTRIC COOPERATIVE INC's revenue and expenses?

In 2024, CHOCTAWHATCHEE ELECTRIC COOPERATIVE INC reported $162.7M in total revenue and $153.9M in total expenses on its IRS Form 990.

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