Eastern Maine Electric Cooperative, Inc. (EMEC) is Maine's premiere consumer-owned utility providing low cost energy solutions and adding value to our member's quality of life through creative application of technology, capital and a dedicated workforce.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 18 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
- Base
- $275k
- Bonus
- —
- Other
- $5k
- Benefits
- $16k
- Base
- $167k
- Bonus
- —
- Other
- $2k
- Benefits
- $4k
- Base
- $143k
- Bonus
- —
- Other
- $657
- Benefits
- $16k
- Base
- $144k
- Bonus
- —
- Other
- $2k
- Benefits
- $7k
- Base
- $137k
- Bonus
- —
- Other
- $657
- Benefits
- $18k
- Base
- $125k
- Bonus
- —
- Other
- $591
- Benefits
- $17k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Chief Executive Officer Above 90th percentile | $275k | — | $5k | $16k | $501k $541k |
Manager of Engineering Key Employee Median to 75th percentile | $167k | — | $2k | $4k | $254k $274k |
Manager of Operations Operations Manager Above 90th percentile | $143k | — | $657 | $16k | $252k $272k |
Manager of Member Services Key Employee Median to 75th percentile | $144k | — | $2k | $7k | $234k $252k |
Manager of Information Technology IT Manager Median to 75th percentile | $137k | — | $657 | $18k | $181k $196k |
Chief Financial Officer Median to 75th percentile | $125k | — | $591 | $17k | $164k $177k |
Board Member 25th percentile to median | — | — | — | — | $7k $8k |
President Below 10th percentile | — | — | — | — | $7k $8k |
Board Member 25th percentile to median | — | — | — | — | $7k $8k |
Board Member 25th percentile to median | — | — | — | — | $7k $8k |
Board Member 25th percentile to median | — | — | — | — | $7k $7k |
Board Member 25th percentile to median | — | — | — | — | $7k $7k |
Board Member 25th percentile to median | — | — | — | — | $6k $6k |
Treasurer Officer (Unspecified) | — | — | — | — | $3k $4k |
Secretary Officer (Unspecified) | — | — | — | — | $3k $4k |
Vice President 10th to 25th percentile | — | — | — | — | $3k $3k |
Board Member 10th to 25th percentile | — | — | — | — | $2k $2k |
Vice President Below 10th percentile | — | — | — | — | $500 $540 |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Up 8%
from 2023
From $464k in 2023 to $501k in 2024.
Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay rose 8% from 2023 to 2024, while revenue rose 6%.
- Key Employee pay rose 4% from 2023 to 2024.
- Operations Manager pay rose 7% 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
EASTERN MAINE ELECTRIC COOPERATIVE INC reported revenue and expenses across 2 filing years.
Common questions about EASTERN MAINE ELECTRIC COOPERATIVE INC
What does the Chief Executive Officer of EASTERN MAINE ELECTRIC COOPERATIVE INC earn?
In 2024, the Chief Executive Officer of EASTERN MAINE ELECTRIC COOPERATIVE INC received $501,094 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 EASTERN MAINE 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 EASTERN MAINE ELECTRIC COOPERATIVE INC falls in the top 10%.
What are EASTERN MAINE ELECTRIC COOPERATIVE INC's revenue and expenses?
In 2024, EASTERN MAINE ELECTRIC COOPERATIVE INC reported $18.4M in total revenue and $18.4M in total expenses on its IRS Form 990.
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