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Filing year 2024

MAGIC VALLEY ELECTRIC COOPERATIVE INC

Mercedes, Texas·EIN 74-0758801·501(c)(12)
Total revenue
$310.9M
Total assets
$685.9M
Total expenses
$310.7M
Reported officers
14
Mission

TO ENHANCE PEOPLE'S LIVES BY SAFELY PROVIDING THE MOST RELIABLE AND AFFORDABLE ELECTRIC SERVICE BY KEEPING OUR MEMBERS' BEST INTEREST IN MIND.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 14 reported individuals · Filing year 2024

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

General Manager
Above 90th percentile
$453k
$480k
Base
$273k
Bonus
$10k
Other
$16k
Benefits
$10k
Western Operations Officer
Highest Compensated Employee
Median to 75th percentile
$212k
$225k
Base
$129k
Bonus
$6k
Other
$15k
Benefits
$10k
Central Operations Officer
Highest Compensated Employee
Median to 75th percentile
$211k
$223k
Base
$153k
Bonus
$6k
Other
$15k
Benefits
$7k
Technical Services Officer
Highest Compensated Employee
Median to 75th percentile
$199k
$212k
Base
$148k
Bonus
$6k
Other
$15k
Benefits
$6k
Financial Services Officer
Officer (Unspecified)
$196k
$207k
Base
$136k
Bonus
$6k
Other
$15k
Benefits
$10k
Lineman a
Highest Compensated Employee
Median to 75th percentile
$194k
$206k
Base
$160k
Bonus
$6k
Other
$246
Benefits
$8k
Eastern Operations Officer
Highest Compensated Employee
Median to 75th percentile
$182k
$194k
Base
$132k
Bonus
$4k
Other
$15k
Benefits
$6k
Director
Board Member
Median to 75th percentile
$43k
$45k
President
10th to 25th percentile
$37k
$39k
Director
Board Member
Median to 75th percentile
$33k
$35k
Vice President
25th percentile to median
$32k
$34k
Asst Secretary/treasurer
Officer (Unspecified)
$27k
$29k
Secretary/treasurer
Officer (Unspecified)
$26k
$28k
Director
Board Member
Median to 75th percentile
$24k
$25k

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 9%
from 2023

From $414k in 2023 to $453k in 2024.

$414k
2023
$453k
2024
In today's dollarsEst.
Up 6% in real terms$452k to $480k

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

General Manager pay rose 9% from 2023 to 2024, while revenue held roughly steady.

$414k in 2023 to $453k in 2024.
  • Highest Compensated Employee pay rose 4% from 2023 to 2024.
  • Board Member pay rose 25% 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

MAGIC VALLEY ELECTRIC COOPERATIVE INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$311.4M
$311.2M
2023
$310.9M
$310.7M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about MAGIC VALLEY ELECTRIC COOPERATIVE INC

What does the General Manager of MAGIC VALLEY ELECTRIC COOPERATIVE INC earn?

In 2024, the General Manager of MAGIC VALLEY ELECTRIC COOPERATIVE INC received $452,592 in total compensation. This pay is in the top 10% for General Manager roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does General Manager pay at MAGIC VALLEY ELECTRIC COOPERATIVE INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the General Manager at MAGIC VALLEY ELECTRIC COOPERATIVE INC falls in the top 10%.

What are MAGIC VALLEY ELECTRIC COOPERATIVE INC's revenue and expenses?

In 2024, MAGIC VALLEY ELECTRIC COOPERATIVE INC reported $310.9M in total revenue and $310.7M in total expenses on its IRS Form 990.

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