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Filing year 2024

RANDOLPH ELECTRIC MEMBERSHIP CORPORATION

Asheboro, North Carolina·EIN 56-0371555·501(c)(12)
Total revenue
$80.7M
Total assets
$208.9M
Total expenses
$80.7M
Reported officers
16
Mission

RANDOLPH ELECTRIC MEMBERSHIP CORPORATION IS DEDICATED TO THE DELIVERY OF ENERGY AND SUPERIOR SERVICES IN RESPONSE TO THE NEEDS OF OUR MEMBERS AND COMMUNITIES.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 16 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
$387k
$410k
Base
$362k
Bonus
$7k
Other
$4k
Benefits
$14k
CEO
75th to 90th percentile
$277k
$294k
Base
$262k
Bonus
$2k
Other
$1k
Benefits
$12k
District VP
Board Vice President
75th to 90th percentile
$217k
$231k
Base
$201k
Bonus
$3k
Other
$2k
Benefits
$12k
Line Superin
Highest Compensated Employee
Median to 75th percentile
$211k
$223k
Base
$158k
Bonus
$2k
Other
$1k
Benefits
$14k
VP Eng. & Op
Board Vice President
Median to 75th percentile
$209k
$222k
Base
$179k
Bonus
$2k
Other
$1k
Benefits
$19k
Eng. Superin
Highest Compensated Employee
Median to 75th percentile
$206k
$218k
Base
$155k
Bonus
$2k
Other
$2k
Benefits
$11k
VP Eco. Devl
Board Vice President
Median to 75th percentile
$189k
$200k
Base
$172k
Bonus
$3k
Other
$2k
Benefits
$12k
President
10th to 25th percentile
$22k
$23k
Director
Board Member
Median to 75th percentile
$19k
$20k
Asst. Sec./t
Officer (Unspecified)
$18k
$19k
Secretary/tr
Officer (Unspecified)
$17k
$18k
Vice Preside
Vice President
25th percentile to median
$17k
$18k
Director
Board Member
25th percentile to median
$15k
$16k
Director
Board Member
25th percentile to median
$15k
$15k
Director
Board Member
25th percentile to median
$15k
$15k
Director
Board Member
25th percentile to median
$14k
$15k

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.

Held steady
from 2023

From $384k in 2023 to $387k in 2024.

$384k
2023
$387k
2024
In today's dollarsEst.
Down 2% in real terms$419k to $410k

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 1% from 2023 to 2024, while revenue rose 12%.

$384k in 2023 to $387k in 2024.
  • Board Vice President pay fell 2% from 2023 to 2024.
  • Highest Compensated Employee pay rose 11% 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

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

RevenueExpenses
$72.3M
$72.3M
2023
$80.7M
$80.7M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about RANDOLPH ELECTRIC MEMBERSHIP CORPORATION

What does the Chief Executive Officer of RANDOLPH ELECTRIC MEMBERSHIP CORPORATION earn?

In 2024, the Chief Executive Officer of RANDOLPH ELECTRIC MEMBERSHIP CORPORATION received $386,935 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 RANDOLPH ELECTRIC MEMBERSHIP CORPORATION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at RANDOLPH ELECTRIC MEMBERSHIP CORPORATION falls in the top 10%.

What are RANDOLPH ELECTRIC MEMBERSHIP CORPORATION's revenue and expenses?

In 2024, RANDOLPH ELECTRIC MEMBERSHIP CORPORATION reported $80.7M in total revenue and $80.7M in total expenses on its IRS Form 990.

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