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Filing year 2024

GULF COAST ELECTRIC COOPERATIVE

Wewahitchka, Florida·EIN 59-0543772·NTEE Y22 · Mutual & Membership Benefit·12
Total revenue
$76.1M
Total assets
$269.1M
Total expenses
$64.1M
Reported officers
17
Mission

PROVIDING ELECTRIC SERVICES TO MEMBERS.

Executive compensation, broken down

Form 990 · Schedule J · 16 reported individuals · Filing year 2024

Base
$316k
Bonus
$57k
Other
$9k
Benefits
$5k
Base
$242k
Bonus
$15k
Other
$59k
Benefits
$791
VP of Member Service
vice president
$216k
$229k
Base
$149k
Bonus
$14k
Other
$11k
Benefits
$6k
VP of Marketing
vice president
$195k
$206k
Base
$123k
Bonus
$15k
Other
$62
Benefits
$5k
Inspector
highest compensated employee
$169k
$179k
Base
$130k
Bonus
$541
Other
$4k
Benefits
$8k
Foreman of Construction
highest compensated employee
$161k
$170k
Base
$127k
Bonus
$541
Other
$640
Benefits
$5k
Training Coordinator
highest compensated employee
$159k
$168k
Base
$130k
Bonus
$541
Other
$976
Benefits
$5k
Operations Supervisr
highest compensated employee
$144k
$153k
$20k
$21k
Board Director
board member
$20k
$21k
Board Director
board member
$19k
$20k
Treasurer
officer (unspecified)
$18k
$19k
Board Director
board member
$16k
$17k
Board Director
board member
$16k
$17k
Vice President
vice president
$14k
$15k
Board Director
board member
$14k
$15k

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.

Plus 1 unpaid individual.

Browse compensation in Mutual & Membership Benefit

Up 6%
from 2023

From $424k in 2023 to $449k in 2024.

$424k
2023
$449k
2024
In today's dollarsEst.
Up 3% in real terms$463k to $477k

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

GULF COAST ELECTRIC COOPERATIVE reported revenue and expenses across 2 filing years.

RevenueExpenses
$64.8M
$60.2M
2023
$76.1M
$64.1M
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Mutual & Membership Benefit executives earn

Comparable mutual & membership benefit organizations nationwide pay their highest-earning executive a median of $19,468.

25th percentile
$6k
Median
$19,468
75th percentile
$79k
90th percentile
$193k

These are mutual & membership benefit sector-wide figures, not this organization's reported pay. Based on 294 organizations across 294 filings (2021 – 2023).

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