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Filing year 2024

HAYWOOD ELECTRIC MEMBERSHIP CORPORATION

Waynesville, North Carolina·EIN 56-0193499·12
Total revenue
$53.8M
Total assets
$178.8M
Total expenses
$53M
Reported officers
13
Mission

TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.

Executive compensation, broken down

Form 990 · Schedule J · 13 reported individuals · Filing year 2024

Exec. Vp/ceo
officer (unspecified)
$433k
$459k
Base
$326k
Bonus
$41k
Other
Benefits
$16k
Assistant Gm
highest compensated employee
$210k
$223k
Base
$183k
Bonus
$1k
Other
Benefits
$13k
Team Leader
highest compensated employee
$183k
$194k
Base
$143k
Bonus
$3k
Other
Benefits
$21k
Team Leader
highest compensated employee
$178k
$188k
Base
$154k
Bonus
$1k
Other
Benefits
$14k
Base
$147k
Bonus
$2k
Other
Benefits
$14k
Mgr. of Oper
highest compensated employee
$156k
$166k
Base
$113k
Bonus
$11k
Other
$16k
Benefits
$16k
Director
board member
$54k
$57k
Director
board member
$53k
$56k
Vice Preside
vice president
$32k
$34k
Sec./treasur
officer (unspecified)
$27k
$28k
Director
board member
$26k
$28k
Asst. Sec./t
officer (unspecified)
$24k
$26k
$21k
$22k

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 8%
from 2023

From $402k in 2023 to $433k in 2024.

$402k
2023
$433k
2024
In today's dollarsEst.
Up 5% in real terms$439k to $459k

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

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

RevenueExpenses
$54.1M
$53.4M
2023
$53.8M
$53M
2024
Total revenue and total expenses from IRS Form 990 filings.
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