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Filing year 2024

PEACE RIVER ELECTRIC COOPERATIVE INC

Wauchula, Florida·EIN 59-0395398·501(c)(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 · Part VII & Schedule J · 15 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

General Manager/ceo
Key Employee
Above 90th percentile
$445k
$472k
Base
$407k
Bonus
Other
$3k
Benefits
$23k
VP of Engineering
Board Vice President
75th to 90th percentile
$262k
$278k
Base
$228k
Bonus
Other
$3k
Benefits
$24k
VP - Member Services
Board Vice President
75th to 90th percentile
$260k
$275k
Base
$237k
Bonus
Other
$3k
Benefits
$13k
VP Accounting & Administration
Board Vice President
75th to 90th percentile
$237k
$252k
Base
$207k
Bonus
Other
$966
Benefits
$22k
VP of Operations
Board Vice President
Median to 75th percentile
$210k
$223k
Base
$189k
Bonus
Other
$4k
Benefits
$11k
VP of Mktg & Mbr Svc
Board Vice President
Median to 75th percentile
$191k
$203k
Base
$175k
Bonus
Other
$756
Benefits
$10k
Asst Secretary/treas
Officer (Unspecified)
$17k
$18k
Director
Board Member
25th percentile to median
$14k
$15k
Director
Board Member
25th percentile to median
$13k
$14k
Secretary/treasurer
Officer (Unspecified)
$11k
$12k
President
Below 10th percentile
$10k
$11k
Vice President
25th percentile to median
$9k
$10k
Director
Board Member
25th percentile to median
$9k
$10k
Director
Board Member
25th percentile to median
$6k
$7k
Director
Board Member
10th to 25th percentile
$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.

Pay for the position

Board Vice President pay fell 28% from 2022 to 2024, while revenue rose 3%.

$363k in 2022 to $262k in 2024.
  • Board Member pay fell 16% from 2022 to 2024.
  • Chief Executive Officer pay rose 12% from 2022 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 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

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.
FAQ

Common questions about PEACE RIVER ELECTRIC COOPERATIVE INC

What does the Key Employee of PEACE RIVER ELECTRIC COOPERATIVE INC earn?

In 2024, the Key Employee of PEACE RIVER ELECTRIC COOPERATIVE INC received $445,178 in total compensation. This pay is in the top 10% for Key Employee roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Key Employee pay at PEACE RIVER ELECTRIC COOPERATIVE INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Key Employee at PEACE RIVER ELECTRIC COOPERATIVE INC falls in the top 10%.

What are PEACE RIVER ELECTRIC COOPERATIVE INC's revenue and expenses?

In 2024, PEACE RIVER ELECTRIC COOPERATIVE INC reported $144M in total revenue and $144M in total expenses on its IRS Form 990.

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