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Filing year 2024

GULF COAST ELECTRIC COOPERATIVE

Wewahitchka, Florida·EIN 59-0543772·NTEE Y22 · Mutual & Membership Benefit·501(c)(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 · Part VII & Schedule J · 16 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Mutual & Membership Benefit organizations nationwide.

CEO
Above 90th percentile
$449k
$477k
Base
$316k
Bonus
$57k
Other
$9k
Benefits
$5k
COO
75th to 90th percentilevs all sectors nationwide
$326k
$346k
Base
$242k
Bonus
$15k
Other
$59k
Benefits
$791
VP of Member Service
Board Vice President
75th to 90th percentile
$216k
$229k
Base
$149k
Bonus
$14k
Other
$11k
Benefits
$6k
VP of Marketing
Board Vice President
75th to 90th percentile
$195k
$206k
Base
$123k
Bonus
$15k
Other
$62
Benefits
$5k
Inspector
Highest Compensated Employee
25th percentile to median
$169k
$179k
Base
$130k
Bonus
$541
Other
$4k
Benefits
$8k
Foreman of Construction
Highest Compensated Employee
25th percentile to median
$161k
$170k
Base
$127k
Bonus
$541
Other
$640
Benefits
$5k
Training Coordinator
Highest Compensated Employee
25th percentile to median
$159k
$168k
Base
$130k
Bonus
$541
Other
$976
Benefits
$5k
Operations Supervisr
Highest Compensated Employee
25th percentile to median
$144k
$153k
President
25th percentile to median
$20k
$21k
Board Director
Board Member
Median to 75th percentile
$20k
$21k
Board Director
Board Member
Median to 75th percentile
$19k
$20k
Treasurer
Officer (Unspecified)
$18k
$19k
Board Director
Board Member
25th percentile to median
$16k
$17k
Board Director
Board Member
25th percentile to median
$16k
$17k
Vice President
Median to 75th percentile
$14k
$15k
Board Director
Board Member
25th percentile to median
$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

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at GULF COAST ELECTRIC COOPERATIVE equaled 0.7% of the organization's total expenses. The median for mutual & membership benefit organizations is 4%.

This organization (2024)
0.7%
Sector median
4%
Middle half of sector
0.9% to 13%

Based on 1,353 mutual & membership benefit organizations, each measured at its most recent filing year with reported expenses and compensation.

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.

Pay for the position

Chief Executive Officer pay rose 6% from 2023 to 2024, while revenue rose 17%.

$424k in 2023 to $449k in 2024.
  • Chief Operating Officer pay rose 26% from 2023 to 2024.
  • Board Vice President pay rose 15% 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.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about GULF COAST ELECTRIC COOPERATIVE

What does the Chief Executive Officer of GULF COAST ELECTRIC COOPERATIVE earn?

In 2024, the Chief Executive Officer of GULF COAST ELECTRIC COOPERATIVE received $449,293 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Mutual & Membership Benefit organizations nationwide: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at GULF COAST ELECTRIC COOPERATIVE compare with similar nonprofits?

Compared with the same role at Mutual & Membership Benefit organizations nationwide, the 2024 pay of the Chief Executive Officer at GULF COAST ELECTRIC COOPERATIVE falls in the top 10%. In 2024, the highest total compensation at GULF COAST ELECTRIC COOPERATIVE equaled 0.7% of the organization's total expenses. The median for mutual & membership benefit organizations is 4%.

What are GULF COAST ELECTRIC COOPERATIVE's revenue and expenses?

In 2024, GULF COAST ELECTRIC COOPERATIVE reported $76.1M in total revenue and $64.1M in total expenses on its IRS Form 990.

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