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Filing year 2024

MIDDLESEX WATER COMPANY VEBA

Dallas, Texas·EIN 20-7549709·NTEE Y43 · Mutual & Membership Benefit·501(c)(9)
Total revenue
$7.2M
Total assets
$33.2M
Total expenses
$192k
Reported officers
1
Mission

PROVIDE MEDICAL AND PRESCRIPTION BENEFITS FOR THOSE EMPLOYEES OF THE COMPANY AND THEIR ELIGIBLE DEPENDENTS COVERED BY THE PLAN.

Executive compensation

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at Mutual & Membership Benefit organizations nationwide.

Trustee
Board Member
Above 90th percentile
$167k
$177k

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 Mutual & Membership Benefit

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at MIDDLESEX WATER COMPANY VEBA equaled 87% of the organization's total expenses. The median for mutual & membership benefit organizations is 4%.

This organization (2024)
87%
Sector median
4%
Middle half of sector
0.9% to 13%

Based on 1,353 mutual & membership benefit organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 11%
from 2023

From $150k in 2023 to $167k in 2024.

$150k
2023
$167k
2024
In today's dollarsEst.
Up 8% in real terms$164k to $177k

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

Board Member pay rose 11% from 2023 to 2024, while revenue rose 198%.

$150k in 2023 to $167k in 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

MIDDLESEX WATER COMPANY VEBA reported revenue and expenses across 2 filing years.

RevenueExpenses
$2.4M
$162k
2023
$7.2M
$192k
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Mutual & Membership Benefit executives earn in Texas

Comparable mutual & membership benefit organizations in Texas pay their highest-earning executive a median of $55,169.

25th percentile
$13k
Median
$55,169
75th percentile
$180k
90th percentile
$398k

These are mutual & membership benefit sector-wide figures, not this organization's reported pay. Based on 55 organizations across 55 filings (2023 – 2024).

See full Mutual & Membership Benefit pay data for Texas
FAQ

Common questions about MIDDLESEX WATER COMPANY VEBA

What does the Board Member of MIDDLESEX WATER COMPANY VEBA earn?

In 2024, the Board Member of MIDDLESEX WATER COMPANY VEBA received $166,512 in total compensation. This pay is in the top 10% for Board Member roles among Mutual & Membership Benefit organizations nationwide: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Board Member pay at MIDDLESEX WATER COMPANY VEBA compare with similar nonprofits?

Compared with the same role at Mutual & Membership Benefit organizations nationwide, the 2024 pay of the Board Member at MIDDLESEX WATER COMPANY VEBA falls in the top 10%. In 2024, the highest total compensation at MIDDLESEX WATER COMPANY VEBA equaled 87% of the organization's total expenses. The median for mutual & membership benefit organizations is 4%.

What are MIDDLESEX WATER COMPANY VEBA's revenue and expenses?

In 2024, MIDDLESEX WATER COMPANY VEBA reported $7.2M in total revenue and $192k in total expenses on its IRS Form 990.

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