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Filing year 2024

GREENBELT ELECTRIC COOPERATIVE INC

Wellington, Texas·EIN 75-0304276·12
Total revenue
$21.5M
Total assets
$70.1M
Total expenses
$21.5M
Reported officers
14
Mission

THE COOPERATIVE'S RESPONSIBILITY AND AIM IS TO PROVIDE EXCELLENT AND INNOVATIVE CUSTOMER SERVICE AS REFLECTED IN TOP QUALITY ELECTRIC SERVICE RELIABILITY, AFFORDABLE RATES, EMPLOYEE TEAMWORK AND THE HIGHEST DEGREE OF INTEGRITY IN ALL COOPERATIVE ENDEAVORS.

Executive compensation, broken down

Form 990 · Schedule J · 14 reported individuals · Filing year 2024

Ceo/general Manager/exec. VP
vice president
$343k
$364k
Base
$173k
Bonus
$6k
Other
$6k
Benefits
$26k
Operations Manager
highest compensated employee
$206k
$219k
Base
$124k
Bonus
$5k
Other
$14k
Benefits
$14k
Electric Engineer
highest compensated employee
$174k
$185k
Base
$116k
Bonus
$8k
Other
$12k
Benefits
$14k
Crew Foreman
highest compensated employee
$161k
$171k
Base
$100k
Bonus
$960
Other
$11k
Benefits
$14k
Area Serviceman
highest compensated employee
$160k
$169k
Base
$108k
Bonus
$2k
Other
$11k
Benefits
$14k
Chief Financial Officer
$151k
$160k
Base
$109k
Bonus
$6k
Other
$11k
Benefits
$14k
Area Serviceman
highest compensated employee
$148k
$157k
Director
board member
$36k
$38k
$35k
$37k
Director
board member
$33k
$35k
Vice President
vice president
$33k
$35k
Secretary/treasurer
officer (unspecified)
$33k
$35k
Director
board member
$33k
$35k
Director
board member
$3k
$3k

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 5%
from 2023

From $327k in 2023 to $343k in 2024.

$327k
2023
$343k
2024
In today's dollarsEst.
Up 2% in real terms$357k to $364k

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

GREENBELT ELECTRIC COOPERATIVE INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$25.9M
$25.8M
2023
$21.5M
$21.5M
2024
Total revenue and total expenses from IRS Form 990 filings.
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