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Filing year 2024

DELAWARE ELECTRIC COOPERATIVE INC

Greenwood, Delaware·EIN 51-0011975·12
Total revenue
$254.8M
Total assets
$452.2M
Total expenses
$233.8M
Reported officers
25
Mission

SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF DEC

Executive compensation, broken down

Form 990 · Schedule J · 25 reported individuals · Filing year 2024

$569k
$604k
Base
$504k
Bonus
Other
Benefits
$23k
Base
$320k
Bonus
$50k
Other
Benefits
$22k
VP Operation
vice president
$319k
$339k
Base
$252k
Bonus
$15k
Other
Benefits
$22k
VP Human Res
vice president
$318k
$337k
Base
$249k
Bonus
$15k
Other
Benefits
$22k
VP Engineeri
vice president
$298k
$316k
Base
$222k
Bonus
$15k
Other
Benefits
$21k
VP Member Se
vice president
$282k
$300k
Base
$229k
Bonus
$10k
Other
Benefits
$11k
VP Info Tech
vice president
$280k
$297k
Base
$221k
Bonus
$10k
Other
Benefits
$21k
VP Finance
vice president
$269k
$285k
Base
$204k
Bonus
$10k
Other
Benefits
$22k
Serviceman
highest compensated employee
$251k
$266k
Base
$215k
Bonus
Other
Benefits
$21k
Mgr of Renew
highest compensated employee
$238k
$253k
Base
$186k
Bonus
Other
Benefits
$22k
Serviceman
highest compensated employee
$233k
$247k
Base
$197k
Bonus
Other
Benefits
$21k
Manager of O
highest compensated employee
$202k
$214k
Base
$164k
Bonus
Other
Benefits
$11k
Serviceman
highest compensated employee
$201k
$213k
Base
$175k
Bonus
Other
Benefits
$10k
Chairperson
board chair
$39k
$42k
Sec / Treas
officer (unspecified)
$36k
$38k
Vice Chairma
board vice chair
$36k
$38k
Director
board member
$34k
$36k
Asst Sec/tre
officer (unspecified)
$34k
$36k
Director
board member
$31k
$32k
Director
board member
$28k
$29k
Director
board member
$27k
$29k
Director
board member
$25k
$27k
Director
board member
$18k
$19k
Director
board member
$8k
$8k
Former Direc
board member
$5k
$5k

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 30%
from 2023

From $439k in 2023 to $569k in 2024.

$439k
2023
$569k
2024
In today's dollarsEst.
Up 26% in real terms$480k to $604k

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

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

RevenueExpenses
$245.3M
$231.5M
2023
$254.8M
$233.8M
2024
Total revenue and total expenses from IRS Form 990 filings.
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