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Filing year 2024

DELAWARE ELECTRIC COOPERATIVE INC

Greenwood, Delaware·EIN 51-0011975·501(c)(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 · Part VII & Schedule J · 25 reported individuals · Filing year 2024

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

President/ce
Above 90th percentile
$569k
$604k
Base
$504k
Bonus
Other
Benefits
$23k
COO
Above 90th percentile
$439k
$466k
Base
$320k
Bonus
$50k
Other
Benefits
$22k
VP Operation
Vice President
Above 90th percentile
$319k
$339k
Base
$252k
Bonus
$15k
Other
Benefits
$22k
VP Human Res
Vice President
Above 90th percentile
$318k
$337k
Base
$249k
Bonus
$15k
Other
Benefits
$22k
VP Engineeri
Vice President
Above 90th percentile
$298k
$316k
Base
$222k
Bonus
$15k
Other
Benefits
$21k
VP Member Se
Vice President
Above 90th percentile
$282k
$300k
Base
$229k
Bonus
$10k
Other
Benefits
$11k
VP Info Tech
Vice President
Above 90th percentile
$280k
$297k
Base
$221k
Bonus
$10k
Other
Benefits
$21k
VP Finance
Vice President
Above 90th percentile
$269k
$285k
Base
$204k
Bonus
$10k
Other
Benefits
$22k
Serviceman
Highest Compensated Employee
75th to 90th percentile
$251k
$266k
Base
$215k
Bonus
Other
Benefits
$21k
Mgr of Renew
Highest Compensated Employee
75th to 90th percentile
$238k
$253k
Base
$186k
Bonus
Other
Benefits
$22k
Serviceman
Highest Compensated Employee
Median to 75th percentile
$233k
$247k
Base
$197k
Bonus
Other
Benefits
$21k
Manager of O
Highest Compensated Employee
Median to 75th percentile
$202k
$214k
Base
$164k
Bonus
Other
Benefits
$11k
Serviceman
Highest Compensated Employee
Median to 75th percentile
$201k
$213k
Base
$175k
Bonus
Other
Benefits
$10k
Chairperson
Board Chair
Median to 75th percentile
$39k
$42k
Sec / Treas
Officer (Unspecified)
$36k
$38k
Vice Chairma
Board Vice Chair
Median to 75th percentile
$36k
$38k
Director
Board Member
Median to 75th percentile
$34k
$36k
Asst Sec/tre
Officer (Unspecified)
$34k
$36k
Director
Board Member
Median to 75th percentile
$31k
$32k
Director
Board Member
Median to 75th percentile
$28k
$29k
Director
Board Member
Median to 75th percentile
$27k
$29k
Director
Board Member
Median to 75th percentile
$25k
$27k
Director
Board Member
Median to 75th percentile
$18k
$19k
Director
Board Member
25th percentile to median
$8k
$8k
Former Direc
Board Member
25th percentile to median
$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.

Pay for the position

Chief Executive Officer pay rose 30% from 2023 to 2024, while revenue rose 4%.

$439k in 2023 to $569k in 2024.
  • Chief Operating Officer pay rose 78% from 2023 to 2024.
  • Vice President pay rose 31% 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

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.
FAQ

Common questions about DELAWARE ELECTRIC COOPERATIVE INC

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

In 2024, the Chief Executive Officer of DELAWARE ELECTRIC COOPERATIVE INC received $569,050 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 DELAWARE 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 DELAWARE ELECTRIC COOPERATIVE INC falls in the top 10%.

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

In 2024, DELAWARE ELECTRIC COOPERATIVE INC reported $254.8M in total revenue and $233.8M in total expenses on its IRS Form 990.

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