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 · Part VII & Schedule J · 12 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
- Base
- $285k
- Bonus
- $52k
- Other
- —
- Benefits
- $28k
- Base
- $190k
- Bonus
- $12k
- Other
- —
- Benefits
- $12k
- Base
- $190k
- Bonus
- $11k
- Other
- —
- Benefits
- $24k
- Base
- $164k
- Bonus
- $6k
- Other
- —
- Benefits
- $23k
- Base
- $139k
- Bonus
- $4k
- Other
- —
- Benefits
- $24k
- Base
- $144k
- Bonus
- $4k
- Other
- —
- Benefits
- $4k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President & Above 90th percentile | $285k | $52k | — | $28k | $456k $484k |
VP Finance Vice President Above 90th percentile | $190k | $12k | — | $12k | $318k $337k |
VP Operation Board Vice President 75th to 90th percentile | $190k | $11k | — | $24k | $278k $294k |
Director En Key Employee 75th to 90th percentile | $164k | $6k | — | $23k | $275k $292k |
Operations M Operations Manager 75th to 90th percentile | $139k | $4k | — | $24k | $218k $231k |
Director Tel Highest Compensated Employee Median to 75th percentile | $144k | $4k | — | $4k | $190k $201k |
Secretary/tr Officer (Unspecified) | — | — | — | — | $28k $30k |
Trustee Board Member Median to 75th percentile | — | — | — | — | $27k $28k |
Chairman Board Chair Median to 75th percentile | — | — | — | — | $27k $28k |
Trustee Board Member Median to 75th percentile | — | — | — | — | $26k $28k |
Assistant Se Board Member Median to 75th percentile | — | — | — | — | $25k $27k |
Vice Chairma Board Vice Chair Median to 75th percentile | — | — | — | — | $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.
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.
Chief Executive Officer pay rose 28% from 2023 to 2024, while revenue rose 6%.
- Vice President pay rose 6% from 2023 to 2024.
- Key Employee pay rose 39% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Revenue and expenses over time
COVINGTON ELECTRIC COOPERATIVE INC reported revenue and expenses across 2 filing years.
Common questions about COVINGTON ELECTRIC COOPERATIVE INC
What does the Chief Executive Officer of COVINGTON ELECTRIC COOPERATIVE INC earn?
In 2024, the Chief Executive Officer of COVINGTON ELECTRIC COOPERATIVE INC received $455,849 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 COVINGTON 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 COVINGTON ELECTRIC COOPERATIVE INC falls in the top 10%.
What are COVINGTON ELECTRIC COOPERATIVE INC's revenue and expenses?
In 2024, COVINGTON ELECTRIC COOPERATIVE INC reported $71.2M in total revenue and $65.6M in total expenses on its IRS Form 990.
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