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Filing year 2024

NORTHERN NECK ELECTRIC COOPERATIVE

Warsaw, Virginia·EIN 54-0322350·501(c)(12)
Total revenue
$48.2M
Total assets
$115.9M
Total expenses
$47M
Reported officers
14
Mission

SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF THE COOPERATIVE

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.

CEO
Above 90th percentile
$678k
$719k
Base
$488k
Bonus
Other
$46k
Benefits
$24k
VP Corp Serv
Board Vice President
Above 90th percentile
$356k
$377k
Base
$176k
Bonus
$4k
Other
$14k
Benefits
$11k
VP Operation
Board Vice President
75th to 90th percentile
$310k
$329k
Base
$193k
Bonus
$4k
Other
$14k
Benefits
$22k
VP Member Sv
Board Vice President
75th to 90th percentile
$264k
$280k
Base
$183k
Bonus
$4k
Other
$13k
Benefits
$22k
VP Finance
Vice President
Above 90th percentile
$252k
$267k
Base
$176k
Bonus
$4k
Other
$12k
Benefits
$22k
VP Engineeri
Board Vice President
75th to 90th percentile
$240k
$254k
Base
$174k
Bonus
$3k
Other
$12k
Benefits
$22k
Mgr Tech Ser
Highest Compensated Employee
Median to 75th percentile
$207k
$219k
Base
$147k
Bonus
$3k
Other
$12k
Benefits
$10k
Chairman
Board Chair
Median to 75th percentile
$33k
$35k
Director
Board Member
Median to 75th percentile
$31k
$33k
Secretary/tr
Officer (Unspecified)
$30k
$32k
Vice Chairma
Board Vice Chair
Median to 75th percentile
$30k
$32k
Director
Board Member
Median to 75th percentile
$30k
$31k
Former Chair
Board Chair
Median to 75th percentile
$26k
$28k
Director
Board Member
Median to 75th percentile
$25k
$27k

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 18%
from 2023

From $577k in 2023 to $678k in 2024.

$577k
2023
$678k
2024
In today's dollarsEst.
Up 14% in real terms$630k to $719k

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 18% from 2023 to 2024, while revenue held roughly steady.

$577k in 2023 to $678k in 2024.
  • Board Vice President pay rose 10% from 2023 to 2024.
  • Vice President pay rose 12% 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

NORTHERN NECK ELECTRIC COOPERATIVE reported revenue and expenses across 2 filing years.

RevenueExpenses
$48.1M
$43M
2023
$48.2M
$47M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about NORTHERN NECK ELECTRIC COOPERATIVE

What does the Chief Executive Officer of NORTHERN NECK ELECTRIC COOPERATIVE earn?

In 2024, the Chief Executive Officer of NORTHERN NECK ELECTRIC COOPERATIVE received $678,317 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 NORTHERN NECK 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 NORTHERN NECK ELECTRIC COOPERATIVE falls in the top 10%.

What are NORTHERN NECK ELECTRIC COOPERATIVE's revenue and expenses?

In 2024, NORTHERN NECK ELECTRIC COOPERATIVE reported $48.2M in total revenue and $47M in total expenses on its IRS Form 990.

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