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Filing year 2024

PEACE RIVER ELECTRIC COOPERATIVE INC

Wauchula, Florida·EIN 59-0395398·12
Total revenue
$144M
Total assets
$415M
Total expenses
$144M
Reported officers
15
Mission

TO PROVIDE OUR MEMBERS RELIABLE ELECTRIC SERVICE AND EXCELLENT CUSTOMER SERVICE AT AFFORDABLE RATES.

Executive compensation, broken down

Form 990 · Schedule J · 15 reported individuals · Filing year 2024

General Manager/ceo
key employee
$445k
$472k
Base
$407k
Bonus
Other
$3k
Benefits
$23k
VP of Engineering
vice president
$262k
$278k
Base
$228k
Bonus
Other
$3k
Benefits
$24k
VP - Member Services
vice president
$260k
$275k
Base
$237k
Bonus
Other
$3k
Benefits
$13k
VP Accounting & Administration
vice president
$237k
$252k
Base
$207k
Bonus
Other
$966
Benefits
$22k
VP of Operations
vice president
$210k
$223k
Base
$189k
Bonus
Other
$4k
Benefits
$11k
VP of Mktg & Mbr Svc
vice president
$191k
$203k
Base
$175k
Bonus
Other
$756
Benefits
$10k
Asst Secretary/treas
officer (unspecified)
$17k
$18k
Director
board member
$14k
$15k
Director
board member
$13k
$14k
Secretary/treasurer
officer (unspecified)
$11k
$12k
$10k
$11k
Vice President
vice president
$9k
$10k
Director
board member
$9k
$10k
Director
board member
$6k
$7k
Director
board member
$3k
$3k

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.

Fell 15%
over 2 years

From $525k in 2022 to $445k in 2024.

$525k
2022
$510k
2023
$445k
2024
In today's dollarsEst.
Down 21% in real terms$599k to $472k

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

PEACE RIVER ELECTRIC COOPERATIVE INC reported revenue and expenses across 3 filing years.

RevenueExpenses
$140.4M
$140.4M
2022
$139.6M
$139.6M
2023
$144M
$144M
2024
Total revenue and total expenses from IRS Form 990 filings.
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