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Filing year 2024

Glades Electric Cooperative Inc

Moore Haven, Florida·EIN 59-0538145·501(c)(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 · Part VII & Schedule J · 22 reported individuals · Filing year 2024

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

CEO
Above 90th percentile
$581k
$616k
Base
$450k
Bonus
Other
Benefits
$14k
Chief Operating Officer
75th to 90th percentile
$298k
$316k
Base
$223k
Bonus
Other
Benefits
$15k
Chief Financial Officer
75th to 90th percentile
$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
Median to 75th percentile
$189k
$201k
Base
$163k
Bonus
Other
Benefits
$7k
Lead Lineman
Highest Compensated Employee
Median to 75th percentile
$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
25th percentile to median
$154k
$164k
Base
$134k
Bonus
Other
Benefits
$11k
Lead Lineman
Highest Compensated Employee
25th percentile to median
$154k
$164k
Base
$130k
Bonus
Other
Benefits
$16k
Journeyman Linemen
Highest Compensated Employee
25th percentile to median
$143k
$152k
Cao
Officer (Unspecified)
$108k
$115k
Trustee
Board Member
Median to 75th percentile
$20k
$21k
Trustee
Board Member
Median to 75th percentile
$17k
$18k
Trustee
Board Member
25th percentile to median
$16k
$16k
Trustee
Board Member
25th percentile to median
$15k
$16k
Trustee
Board Member
25th percentile to median
$14k
$15k
Trustee
Board Member
25th percentile to median
$14k
$15k
Trustee
Board Member
25th percentile to median
$14k
$15k
Trustee
Board Member
25th percentile to median
$13k
$14k
Trustee
Board Member
25th percentile to median
$9k
$9k
Trustee
Board Member
25th percentile to median
$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.

Pay for the position

Chief Executive Officer pay fell 8% from 2023 to 2024, while revenue rose 5%.

$628k in 2023 to $581k in 2024.
  • Chief Operating Officer pay rose 71% from 2023 to 2024.
  • Chief Financial Officer pay rose 4% 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

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.
FAQ

Common questions about Glades Electric Cooperative Inc

What does the Chief Executive Officer of Glades Electric Cooperative Inc earn?

In 2024, the Chief Executive Officer of Glades Electric Cooperative Inc received $581,046 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 Glades 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 Glades Electric Cooperative Inc falls in the top 10%.

What are Glades Electric Cooperative Inc's revenue and expenses?

In 2024, Glades Electric Cooperative Inc reported $61.8M in total revenue and $61.8M in total expenses on its IRS Form 990.

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