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Filing year 2024

CHOPTANK ELECTRIC COOPERATIVE INC

Denton, Maryland·EIN 52-0271943·501(c)(12)
Total revenue
$182M
Total assets
$514.2M
Total expenses
$166.6M
Reported officers
23
Mission

CEC EXISTS TO PROVIDE RELIABLE AND COST EFFECTIVE ELECTRICITY THAT IMPROVES THE QUALITY OF LIFE FOR OUR MEMBER-OWNERS. CEC IS COMMITTED TO SERVICE EXCELLENCE GUIDED BY THE SEVEN COOPERATIVE PRINCIPLES.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 23 reported individuals · Filing year 2024

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

President &
Above 90th percentile
$792k
$840k
Base
$509k
Bonus
$200k
Other
Benefits
$14k
VP Operation
Vice President
Above 90th percentile
$311k
$329k
Base
$218k
Bonus
$5k
Other
Benefits
$15k
VP H.r.
Vice President
Above 90th percentile
$292k
$310k
Base
$219k
Bonus
$5k
Other
Benefits
$17k
Chief Engine
Highest Compensated Employee
Median to 75th percentile
$218k
$231k
Base
$168k
Bonus
$5k
Other
Benefits
$16k
VP Gov. Affa
Vice President
75th to 90th percentile
$217k
$230k
Base
$153k
Bonus
$26k
Other
Benefits
$4k
Mgr District
Highest Compensated Employee
Median to 75th percentile
$213k
$225k
Base
$151k
Bonus
Other
Benefits
$14k
VP & CFO
75th to 90th percentile
$209k
$222k
Base
$138k
Bonus
Other
Benefits
$9k
Mgr Operatio
Highest Compensated Employee
Median to 75th percentile
$208k
$221k
Base
$133k
Bonus
Other
Benefits
$13k
VP General C
Vice President
75th to 90th percentile
$203k
$216k
Base
$152k
Bonus
Other
Benefits
$13k
Chief Engine
Highest Compensated Employee
Median to 75th percentile
$200k
$212k
Base
$165k
Bonus
$3k
Other
Benefits
$5k
VP Engineeri
Vice President
75th to 90th percentile
$171k
$182k
Base
$119k
Bonus
Other
Benefits
$9k
VP Tech Serv
Vice President
75th to 90th percentile
$145k
$154k
Base
$89k
Bonus
Other
Benefits
$6k
Director
Board Member
Median to 75th percentile
$34k
$36k
Exc Business
Highest Compensated Employee
Below 10th percentile
$29k
$30k
Base
$9k
Bonus
Other
Benefits
$973
Director
Board Member
Median to 75th percentile
$27k
$29k
Director
Board Member
Median to 75th percentile
$27k
$28k
Chairman
Board Chair
25th percentile to median
$25k
$26k
Director
Board Member
Median to 75th percentile
$22k
$23k
Treasurer
Officer (Unspecified)
$21k
$23k
Director
Board Member
Median to 75th percentile
$21k
$22k
Secretary
Officer (Unspecified)
$20k
$21k
Director
Board Member
Median to 75th percentile
$18k
$19k
Vice Chairma
Board Vice Chair
Median to 75th percentile
$18k
$19k

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 $744k in 2023 to $792k in 2024.

$744k
2023
$792k
2024
In today's dollarsEst.
Up 3% in real terms$813k to $840k

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

Chief Executive Officer pay rose 6% from 2023 to 2024, while revenue fell 1%.

$744k in 2023 to $792k in 2024.
  • Vice President pay fell 9% from 2023 to 2024.
  • Highest Compensated Employee pay fell 21% 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

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

RevenueExpenses
$183.4M
$160.3M
2023
$182M
$166.6M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about CHOPTANK ELECTRIC COOPERATIVE INC

What does the Chief Executive Officer of CHOPTANK ELECTRIC COOPERATIVE INC earn?

In 2024, the Chief Executive Officer of CHOPTANK ELECTRIC COOPERATIVE INC received $792,196 in total compensation. This pay is in the top 10% for Chief Executive 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 Executive Officer pay at CHOPTANK ELECTRIC COOPERATIVE INC compare with similar nonprofits?

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

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

In 2024, CHOPTANK ELECTRIC COOPERATIVE INC reported $182M in total revenue and $166.6M in total expenses on its IRS Form 990.

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