Mission
THE COOPERATIVE'S PRIMARY MISSION IS TO PROVIDE SERVICE TO ITS APPROXIMATELY 23,000 MEMBER-OWNERS IN SOUTHERN ALABAMA.
Executive compensation, broken down
Form 990 · Schedule J · 12 reported individuals · Filing year 2024
President &
$456k
$484k
- Base
- $285k
- Bonus
- $52k
- Other
- —
- Benefits
- $28k
VP Finance
vice president
$318k
$337k
- Base
- $190k
- Bonus
- $12k
- Other
- —
- Benefits
- $12k
VP Operation
vice president
$278k
$294k
- Base
- $190k
- Bonus
- $11k
- Other
- —
- Benefits
- $24k
Director En
key employee
$275k
$292k
- Base
- $164k
- Bonus
- $6k
- Other
- —
- Benefits
- $23k
Operations M
highest compensated employee
$218k
$231k
- Base
- $139k
- Bonus
- $4k
- Other
- —
- Benefits
- $24k
Director Tel
highest compensated employee
$190k
$201k
- Base
- $144k
- Bonus
- $4k
- Other
- —
- Benefits
- $4k
Secretary/tr
officer (unspecified)
$28k
$30k
Trustee
board member
$27k
$28k
Chairman
board chair
$27k
$28k
Trustee
board member
$26k
$28k
Assistant Se
board member
$25k
$27k
Vice Chairma
board vice chair
$24k
$26k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President & | $285k | $52k | — | $28k | $456k $484k |
VP Finance vice president | $190k | $12k | — | $12k | $318k $337k |
VP Operation vice president | $190k | $11k | — | $24k | $278k $294k |
Director En key employee | $164k | $6k | — | $23k | $275k $292k |
Operations M highest compensated employee | $139k | $4k | — | $24k | $218k $231k |
Director Tel highest compensated employee | $144k | $4k | — | $4k | $190k $201k |
Secretary/tr officer (unspecified) | — | — | — | — | $28k $30k |
Trustee board member | — | — | — | — | $27k $28k |
Chairman board chair | — | — | — | — | $27k $28k |
Trustee board member | — | — | — | — | $26k $28k |
Assistant Se board member | — | — | — | — | $25k $27k |
Vice Chairma board vice chair | — | — | — | — | $24k $26k |
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 23%
from 2023
From $371k in 2023 to $456k in 2024.
$371k
2023
$456k
2024
$371k
2023
$456k
2024
In today's dollarsEst.
Up 19% in real terms$405k to $484k
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
COVINGTON ELECTRIC COOPERATIVE INC reported revenue and expenses across 2 filing years.
RevenueExpenses
$67.3M
$61.2M
2023
$71.2M
$65.6M
2024
Total revenue and total expenses from IRS Form 990 filings.
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