Skip to main content
Filing year 2024

CHOPTANK ELECTRIC COOPERATIVE INC

Denton, Maryland·EIN 52-0271943·12
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 · Schedule J · 23 reported individuals · Filing year 2024

$792k
$840k
Base
$509k
Bonus
$200k
Other
Benefits
$14k
VP Operation
vice president
$311k
$329k
Base
$218k
Bonus
$5k
Other
Benefits
$15k
VP H.r.
vice president
$292k
$310k
Base
$219k
Bonus
$5k
Other
Benefits
$17k
Chief Engine
highest compensated employee
$218k
$231k
Base
$168k
Bonus
$5k
Other
Benefits
$16k
VP Gov. Affa
vice president
$217k
$230k
Base
$153k
Bonus
$26k
Other
Benefits
$4k
Mgr District
highest compensated employee
$213k
$225k
Base
$151k
Bonus
Other
Benefits
$14k
$209k
$222k
Base
$138k
Bonus
Other
Benefits
$9k
Mgr Operatio
highest compensated employee
$208k
$221k
Base
$133k
Bonus
Other
Benefits
$13k
VP General C
vice president
$203k
$216k
Base
$152k
Bonus
Other
Benefits
$13k
Chief Engine
highest compensated employee
$200k
$212k
Base
$165k
Bonus
$3k
Other
Benefits
$5k
VP Engineeri
vice president
$171k
$182k
Base
$119k
Bonus
Other
Benefits
$9k
VP Tech Serv
vice president
$145k
$154k
Base
$89k
Bonus
Other
Benefits
$6k
Director
board member
$34k
$36k
Exc Business
highest compensated employee
$29k
$30k
Base
$9k
Bonus
Other
Benefits
$973
Director
board member
$27k
$29k
Director
board member
$27k
$28k
Chairman
board chair
$25k
$26k
Director
board member
$22k
$23k
Treasurer
officer (unspecified)
$21k
$23k
Director
board member
$21k
$22k
Secretary
officer (unspecified)
$20k
$21k
Director
board member
$18k
$19k
Vice Chairma
board vice chair
$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.

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.
Free, forever
Build lists. Save your benchmarks.
A free Lucido account lets you build lists of nonprofits and save your search filters. No credit card.
Create free account
Already a member? Sign in
Build a benchmark

Compare any role, sector, or revenue band

Build your own benchmark from millions of reported positions.