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Filing year 2024

HORRY ELECTRIC COOPERATIVE INC

Conway, South Carolina·EIN 57-0184136·NTEE W80 · Public & Societal Benefit·501(c)(12)
Total revenue
$215.7M
Total assets
$479.1M
Total expenses
$215.7M
Reported officers
16
Mission

HORRY ELECTRIC COOPERATIVE, INC. IS A NON-PROFIT, MEMBER-OWNED ORGANIZATION PROVIDING INFORMATION AND ENERGY-RELATED SERVICES ON A FAIR AND EQUITABLE BASIS.

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 Public & Societal Benefit organizations nationwide.

CEO
Above 90th percentile
$577k
$612k
Base
$363k
Bonus
$1k
Other
$29k
Benefits
$40k
Manager-eng.
Highest Compensated Employee
Above 90th percentile
$354k
$375k
Base
$222k
Bonus
$1k
Other
$5k
Benefits
$37k
CFO
75th to 90th percentile
$302k
$320k
Base
$184k
Bonus
$6k
Other
$2k
Benefits
$36k
Manager of O
Highest Compensated Employee
75th to 90th percentile
$302k
$320k
Base
$181k
Bonus
$6k
Other
$4k
Benefits
$36k
Mgr-special
Highest Compensated Employee
75th to 90th percentile
$300k
$319k
Base
$182k
Bonus
$6k
Other
$3k
Benefits
$36k
Supvr Engine
Highest Compensated Employee
75th to 90th percentile
$298k
$316k
Base
$184k
Bonus
$1k
Other
$5k
Benefits
$36k
Former CEO
Former Officer/director/trustee
25th percentile to median
$141k
$149k
Base
Bonus
Other
$141k
Benefits
Vice Preside
Vice President
25th percentile to median
$32k
$34k
Trustee
Board Member
Median to 75th percentile
$32k
$33k
Trustee
Board Member
Median to 75th percentile
$26k
$27k
Trustee
Board Member
Median to 75th percentile
$24k
$25k
Trustee
Board Member
Median to 75th percentile
$21k
$22k
Trustee
Board Member
Median to 75th percentile
$17k
$18k
Trustee
Board Member
25th percentile to median
$16k
$17k
Sec/treasure
Officer (Unspecified)
$15k
$15k
President
Below 10th percentile
$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.

Browse compensation in Public & Societal Benefit

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at HORRY ELECTRIC COOPERATIVE INC equaled 0.3% of the organization's total expenses. The median for public & societal benefit organizations is 10%.

This organization (2024)
0.3%
Sector median
10%
Middle half of sector
4% to 22%

Based on 2,608 public & societal benefit organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 5%
from 2023

From $551k in 2023 to $577k in 2024.

$551k
2023
$577k
2024
In today's dollarsEst.
Up 2% in real terms$601k to $612k

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 5% from 2023 to 2024, while revenue rose 6%.

$551k in 2023 to $577k in 2024.
  • Highest Compensated Employee pay rose 4% from 2023 to 2024.
  • Chief Financial Officer pay rose 5% 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 HORRY ELECTRIC COOPERATIVE INC

What does the Chief Executive Officer of HORRY ELECTRIC COOPERATIVE INC earn?

In 2024, the Chief Executive Officer of HORRY ELECTRIC COOPERATIVE INC received $576,657 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Public & Societal 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 HORRY ELECTRIC COOPERATIVE INC compare with similar nonprofits?

Compared with the same role at Public & Societal Benefit organizations nationwide, the 2024 pay of the Chief Executive Officer at HORRY ELECTRIC COOPERATIVE INC falls in the top 10%. In 2024, the highest total compensation at HORRY ELECTRIC COOPERATIVE INC equaled 0.3% of the organization's total expenses. The median for public & societal benefit organizations is 10%.

What are HORRY ELECTRIC COOPERATIVE INC's revenue and expenses?

In 2024, HORRY ELECTRIC COOPERATIVE INC reported $215.7M in total revenue and $215.7M in total expenses on its IRS Form 990.

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