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Filing year 2024

Glades Electric Cooperative Inc

Moore Haven, Florida·EIN 59-0538145·12
Total revenue
$61.8M
Total assets
$261.9M
Total expenses
$61.8M
Reported officers
22
Mission

TO PROVIDE EXCEPTIONAL SERVICE

Executive compensation, broken down

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

Base
$450k
Bonus
Other
Benefits
$14k
Chief Operating Officer
$298k
$316k
Base
$223k
Bonus
Other
Benefits
$15k
Chief Financial Officer
$229k
$242k
Base
$160k
Bonus
Other
Benefits
$15k
Chief Technology Officer
officer (unspecified)
$219k
$233k
Base
$185k
Bonus
Other
Benefits
$11k
Lead Linemen
highest compensated employee
$189k
$201k
Base
$163k
Bonus
Other
Benefits
$7k
Lead Lineman
highest compensated employee
$183k
$194k
Base
$158k
Bonus
Other
Benefits
$14k
Chief Communication Officer
officer (unspecified)
$168k
$179k
Base
$129k
Bonus
Other
Benefits
$16k
Chief Personnel Officer
officer (unspecified)
$161k
$171k
Base
$136k
Bonus
Other
Benefits
$7k
Lead Lineman
highest compensated employee
$154k
$164k
Base
$134k
Bonus
Other
Benefits
$11k
Lead Lineman
highest compensated employee
$154k
$164k
Base
$130k
Bonus
Other
Benefits
$16k
Journeyman Linemen
highest compensated employee
$143k
$152k
Cao
officer (unspecified)
$108k
$115k
Trustee
board member
$20k
$21k
Trustee
board member
$17k
$18k
Trustee
board member
$16k
$16k
Trustee
board member
$15k
$16k
Trustee
board member
$14k
$15k
Trustee
board member
$14k
$15k
Trustee
board member
$14k
$15k
Trustee
board member
$13k
$14k
Trustee
board member
$9k
$9k
Trustee
board member
$5k
$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 8%
from 2023

From $628k in 2023 to $581k in 2024.

$628k
2023
$581k
2024
In today's dollarsEst.
Down 10% in real terms$686k to $616k

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

Glades Electric Cooperative Inc reported revenue and expenses across 2 filing years.

RevenueExpenses
$58.8M
$56.5M
2023
$61.8M
$61.8M
2024
Total revenue and total expenses from IRS Form 990 filings.
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