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Filing year 2024

RANDOLPH ELECTRIC MEMBERSHIP CORPORATION

Asheboro, North Carolina·EIN 56-0371555·12
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 · Schedule J · 16 reported individuals · Filing year 2024

Base
$362k
Bonus
$7k
Other
$4k
Benefits
$14k
Base
$262k
Bonus
$2k
Other
$1k
Benefits
$12k
District VP
vice president
$217k
$231k
Base
$201k
Bonus
$3k
Other
$2k
Benefits
$12k
Line Superin
highest compensated employee
$211k
$223k
Base
$158k
Bonus
$2k
Other
$1k
Benefits
$14k
VP Eng. & Op
vice president
$209k
$222k
Base
$179k
Bonus
$2k
Other
$1k
Benefits
$19k
Eng. Superin
highest compensated employee
$206k
$218k
Base
$155k
Bonus
$2k
Other
$2k
Benefits
$11k
VP Eco. Devl
vice president
$189k
$200k
Base
$172k
Bonus
$3k
Other
$2k
Benefits
$12k
$22k
$23k
Director
board member
$19k
$20k
Asst. Sec./t
officer (unspecified)
$18k
$19k
Secretary/tr
officer (unspecified)
$17k
$18k
Vice Preside
vice president
$17k
$18k
Director
board member
$15k
$16k
Director
board member
$15k
$15k
Director
board member
$15k
$15k
Director
board member
$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.

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.
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