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Filing year 2024

HALIFAX ELECTRIC MEMBERSHIP CORPORATION

Enfield, North Carolina·EIN 56-0250191·12
Total revenue
$31.5M
Total assets
$76.1M
Total expenses
$30.9M
Reported officers
15
Mission

TO DELIVER EXCEPTIONAL VALUE AND SERVICE TO OUR COMMUNITIES WITH CARE THROUGH PROVIDING OUR MEMBERS WITH SAFE AND RELIABLE ELECTRIC SERVICES, ENRICHING OUR DIVERSE COMMUNITIES THROUGH EDUCATION, ECONOMIC GROWTH, AND COMMUNITY INVOLVEMENT.

Executive compensation, broken down

Form 990 · Schedule J · 15 reported individuals · Filing year 2024

Base
$253k
Bonus
$760
Other
$1k
Benefits
$31k
District for
highest compensated employee
$193k
$204k
Base
$117k
Bonus
$760
Other
$2k
Benefits
$15k
Director Ope
highest compensated employee
$182k
$193k
Base
$107k
Bonus
$760
Other
$1k
Benefits
$33k
Director of
highest compensated employee
$176k
$187k
Base
$126k
Bonus
$760
Other
$1k
Benefits
$33k
Lead Lineman
highest compensated employee
$170k
$180k
Base
$119k
Bonus
$760
Other
$690
Benefits
$22k
Director of
highest compensated employee
$166k
$177k
Base
$104k
Bonus
$760
Other
$220
Benefits
$33k
Director
board member
$18k
$19k
Sec-treas
officer (unspecified)
$15k
$15k
Director
board member
$14k
$15k
Vice Preside
vice president
$14k
$14k
Director
board member
$13k
$14k
$13k
$14k
Director
board member
$13k
$14k
Director
board member
$13k
$14k
Asst. Sec-tr
officer (unspecified)
$13k
$13k

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 32%
from 2023

From $248k in 2023 to $327k in 2024.

$248k
2023
$327k
2024
In today's dollarsEst.
Up 28% in real terms$271k to $347k

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

HALIFAX ELECTRIC MEMBERSHIP CORPORATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$28.8M
$29.1M
2023
$31.5M
$30.9M
2024
Total revenue and total expenses from IRS Form 990 filings.
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