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Filing year 2024

NORTHERN NECK ELECTRIC COOPERATIVE

Warsaw, Virginia·EIN 54-0322350·12
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 · Schedule J · 14 reported individuals · Filing year 2024

Base
$488k
Bonus
Other
$46k
Benefits
$24k
VP Corp Serv
vice president
$356k
$377k
Base
$176k
Bonus
$4k
Other
$14k
Benefits
$11k
VP Operation
vice president
$310k
$329k
Base
$193k
Bonus
$4k
Other
$14k
Benefits
$22k
VP Member Sv
vice president
$264k
$280k
Base
$183k
Bonus
$4k
Other
$13k
Benefits
$22k
VP Finance
vice president
$252k
$267k
Base
$176k
Bonus
$4k
Other
$12k
Benefits
$22k
VP Engineeri
vice president
$240k
$254k
Base
$174k
Bonus
$3k
Other
$12k
Benefits
$22k
Mgr Tech Ser
highest compensated employee
$207k
$219k
Base
$147k
Bonus
$3k
Other
$12k
Benefits
$10k
Chairman
board chair
$33k
$35k
Director
board member
$31k
$33k
Secretary/tr
officer (unspecified)
$30k
$32k
Vice Chairma
board vice chair
$30k
$32k
Director
board member
$30k
$31k
Former Chair
board chair
$26k
$28k
Director
board member
$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.

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.
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