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Filing year 2024

HAYWOOD ELECTRIC MEMBERSHIP CORPORATION

Waynesville, North Carolina·EIN 56-0193499·501(c)(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 · Part VII & Schedule J · 13 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Exec. Vp/ceo
Officer (Unspecified)
$433k
$459k
Base
$326k
Bonus
$41k
Other
Benefits
$16k
Assistant Gm
Highest Compensated Employee
Median to 75th percentile
$210k
$223k
Base
$183k
Bonus
$1k
Other
Benefits
$13k
Team Leader
Highest Compensated Employee
Median to 75th percentile
$183k
$194k
Base
$143k
Bonus
$3k
Other
Benefits
$21k
Team Leader
Highest Compensated Employee
Median to 75th percentile
$178k
$188k
Base
$154k
Bonus
$1k
Other
Benefits
$14k
COO
Median to 75th percentile
$175k
$186k
Base
$147k
Bonus
$2k
Other
Benefits
$14k
Mgr. of Oper
Highest Compensated Employee
25th percentile to median
$156k
$166k
Base
$113k
Bonus
$11k
Other
$16k
Benefits
$16k
Director
Board Member
75th to 90th percentile
$54k
$57k
Director
Board Member
75th to 90th percentile
$53k
$56k
Vice Preside
Vice President
25th percentile to median
$32k
$34k
Sec./treasur
Officer (Unspecified)
$27k
$28k
Director
Board Member
Median to 75th percentile
$26k
$28k
Asst. Sec./t
Officer (Unspecified)
$24k
$26k
President
10th to 25th percentile
$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.

Pay for the position

Highest Compensated Employee pay rose 29% from 2023 to 2024, while revenue fell 1%.

$163k in 2023 to $210k in 2024.
  • Board Member pay rose 126% from 2023 to 2024.
  • Vice President pay fell 7% 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.
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.
FAQ

Common questions about HAYWOOD ELECTRIC MEMBERSHIP CORPORATION

What does the Highest Compensated Employee of HAYWOOD ELECTRIC MEMBERSHIP CORPORATION earn?

In 2024, the Highest Compensated Employee of HAYWOOD ELECTRIC MEMBERSHIP CORPORATION received $209,847 in total compensation. This pay is above the median (the midpoint) for Highest Compensated Employee roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.

How does Highest Compensated Employee pay at HAYWOOD ELECTRIC MEMBERSHIP CORPORATION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Highest Compensated Employee at HAYWOOD ELECTRIC MEMBERSHIP CORPORATION falls between the median and the 75th percentile.

What are HAYWOOD ELECTRIC MEMBERSHIP CORPORATION's revenue and expenses?

In 2024, HAYWOOD ELECTRIC MEMBERSHIP CORPORATION reported $53.8M in total revenue and $53M in total expenses on its IRS Form 990.

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