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Filing year 2024

GIBSON ELECTRIC MEMBERSHIP

Trenton, Tennessee·EIN 62-0212280·12
Total revenue
$125.5M
Total assets
$271.9M
Total expenses
$118.4M
Reported officers
22
Mission

Gibson EMC is an electric cooperative owned by its members. Gibson EMC, and its wholly-owned subsidiary Gibson Connect, supply energy and fiber services throughout a 12-county service area in northwest Tennessee and southwest Kentucky.

Executive compensation, broken down

Form 990 · Schedule J · 22 reported individuals · Filing year 2024

$687k
$729k
Base
$389k
Bonus
$4k
Other
$158k
Benefits
$41k
VP of Operations
vice president
$430k
$456k
Base
$202k
Bonus
$68k
Other
$21k
Benefits
$43k
VP of Technical Srvc
vice president
$421k
$447k
Base
$200k
Bonus
$75k
Other
$18k
Benefits
$36k
VP of Hr/member Services
vice president
$272k
$289k
Base
$164k
Bonus
$7k
Other
$15k
Benefits
$43k
Base
$158k
Bonus
$6k
Other
$14k
Benefits
$41k
Engineer
highest compensated employee
$224k
$238k
Base
$140k
Bonus
$3k
Other
$8k
Benefits
$27k
Operations
highest compensated employee
$201k
$213k
Base
$126k
Bonus
$2k
Other
$1k
Benefits
$34k
Crewleader
highest compensated employee
$186k
$197k
Base
$126k
Bonus
$522
Other
$692
Benefits
$35k
Crewleader
highest compensated employee
$182k
$193k
Base
$124k
Bonus
$522
Other
$696
Benefits
$32k
Crewleader
highest compensated employee
$168k
$178k
Base
$124k
Bonus
$522
Other
$267
Benefits
$33k
Trustee
board member
$11k
$12k
Trustee
board member
$11k
$11k
Trustee
board member
$11k
$11k
Chairman
board chair
$10k
$11k
Trustee
board member
$10k
$11k
Trustee
board member
$10k
$10k
Trustee
board member
$9k
$9k
Trustee
board member
$8k
$9k
Asst. Sec.
board member
$7k
$8k
Trustee
board member
$7k
$7k
Trustee
board member
$7k
$7k
Vice Chairman
board vice chair
$6k
$6k

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.

Down 7%
from 2023

From $739k in 2023 to $687k in 2024.

$739k
2023
$687k
2024
In today's dollarsEst.
Down 10% in real terms$807k to $729k

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

GIBSON ELECTRIC MEMBERSHIP reported revenue and expenses across 2 filing years.

RevenueExpenses
$119.5M
$113.7M
2023
$125.5M
$118.4M
2024
Total revenue and total expenses from IRS Form 990 filings.
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