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Filing year 2024

PIEDMONT ELECTRIC MEMBERSHIP CORPORATION

Hillsborough, North Carolina·EIN 56-0358446·12
Total revenue
$79.6M
Total assets
$248M
Total expenses
$79.6M
Reported officers
16
Mission

TO ENHANCE THE QUALITY OF LIFE IN OUR COMMUNITIES BY EMPOWERING AND PARTNERING WITH OUR MEMBERS. WE STRIVE TO CREATE SUPERIOR VALUE FOR OUR MEMBERS IN AN EVER CHANGING ENERGY ENVIRONMENT.

Executive compensation, broken down

Form 990 · Schedule J · 16 reported individuals · Filing year 2024

$414k
$440k
Base
$216k
Bonus
$162
Other
$107k
Benefits
$22k
VP - Enginee
vice president
$348k
$369k
Base
$232k
Bonus
$8k
Other
$16k
Benefits
$25k
VP Financial
vice president
$318k
$338k
Base
$221k
Bonus
$6k
Other
$12k
Benefits
$17k
VP of Operat
vice president
$278k
$295k
Base
$228k
Bonus
$8k
Other
$18k
Benefits
$17k
VP Compl. &
vice president
$247k
$262k
Base
$156k
Bonus
$7k
Other
$4k
Benefits
$17k
Mgr of Mbr S
highest compensated employee
$233k
$247k
Base
$165k
Bonus
$4k
Other
$348
Benefits
$16k
$166k
$176k
Base
$144k
Bonus
Other
$10k
Benefits
$8k
Chairman
board chair
$46k
$49k
Director
board member
$40k
$43k
Treasurer
officer (unspecified)
$36k
$38k
Vice-chairma
officer (unspecified)
$34k
$36k
Director
board member
$33k
$35k
Director
board member
$33k
$35k
Director
board member
$31k
$33k
Secretary
officer (unspecified)
$30k
$32k
Director
board member
$29k
$30k

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 5%
from 2023

From $395k in 2023 to $414k in 2024.

$395k
2023
$414k
2024
In today's dollarsEst.
Up 2% in real terms$431k to $440k

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

PIEDMONT ELECTRIC MEMBERSHIP CORPORATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$76.8M
$76.8M
2023
$79.6M
$79.6M
2024
Total revenue and total expenses from IRS Form 990 filings.
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