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Filing year 2024

MID-CAROLINA ELECTRIC COOPERATIVE

Lexington, South Carolina·EIN 57-0210417·501(c)(12)
Total revenue
$157.8M
Total assets
$403.9M
Total expenses
$157.8M
Reported officers
16
Mission

WE DELIVER RELIABLE, COST EFFICIENT UTILITIES AND INNOVATIVE SOLUTIONS TO OUR MEMBERS.

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 nonprofits nationwide, across all sectors.

President &
Above 90th percentile
$632k
$670k
Base
$434k
Bonus
$1k
Other
$11k
Benefits
$24k
CFO
Above 90th percentile
$420k
$446k
Base
$252k
Bonus
$1k
Other
$30k
Benefits
$13k
VP - Member
Board Vice President
Above 90th percentile
$392k
$416k
Base
$221k
Bonus
$1k
Other
$33k
Benefits
$30k
VP - Operati
Board Vice President
Above 90th percentile
$361k
$383k
Base
$216k
Bonus
$1k
Other
$9k
Benefits
$29k
VP - Enginee
Board Vice President
75th to 90th percentile
$324k
$343k
Base
$263k
Bonus
$8k
Other
$10k
Benefits
$12k
Vp- Informat
Highest Compensated Employee
75th to 90th percentile
$306k
$325k
Base
$185k
Bonus
$1k
Other
$2k
Benefits
$29k
Trustee
Board Member
Median to 75th percentile
$39k
$41k
Secretary
Officer (Unspecified)
$31k
$33k
Chairman
Board Chair
Median to 75th percentile
$27k
$28k
Trustee
Board Member
25th percentile to median
$15k
$16k
Vice Chairma
Board Vice Chair
Median to 75th percentile
$15k
$16k
Trustee
Board Member
25th percentile to median
$14k
$14k
Treasurer
Officer (Unspecified)
$13k
$14k
Trustee
Board Member
25th percentile to median
$11k
$11k
Trustee-ret.
Board Member
25th percentile to median
$10k
$11k
Trustee
Board Member
25th percentile to median
$9k
$9k

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.

Down 14%
from 2023

From $737k in 2023 to $632k in 2024.

$737k
2023
$632k
2024
In today's dollarsEst.
Down 17% in real terms$805k to $670k

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 fell 14% from 2023 to 2024, while revenue rose 9%.

$737k in 2023 to $632k in 2024.
  • Chief Financial Officer pay rose 8% from 2023 to 2024.
  • Board Vice President pay rose 16% 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

MID-CAROLINA ELECTRIC COOPERATIVE reported revenue and expenses across 2 filing years.

RevenueExpenses
$144.8M
$144.8M
2023
$157.8M
$157.8M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about MID-CAROLINA ELECTRIC COOPERATIVE

What does the Chief Executive Officer of MID-CAROLINA ELECTRIC COOPERATIVE earn?

In 2024, the Chief Executive Officer of MID-CAROLINA ELECTRIC COOPERATIVE received $631,773 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at MID-CAROLINA ELECTRIC COOPERATIVE compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at MID-CAROLINA ELECTRIC COOPERATIVE falls in the top 10%.

What are MID-CAROLINA ELECTRIC COOPERATIVE's revenue and expenses?

In 2024, MID-CAROLINA ELECTRIC COOPERATIVE reported $157.8M in total revenue and $157.8M in total expenses on its IRS Form 990.

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