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Filing year 2024

RAPPAHANNOCK ELECTRIC COOPERATIVE

Fredericksburg, Virginia·EIN 54-1135340·501(c)(12)
Total revenue
$605.7M
Total assets
$1.4B
Total expenses
$534M
Reported officers
26
Mission

SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF RAPPAHANNOCK ELECTRIC COOPERATIVE.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 26 reported individuals · Filing year 2024

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

President &
Above 90th percentile
$1M
$1.1M
Base
$884k
Bonus
Other
$19k
Benefits
$17k
Chief Strat
Officer (Unspecified)
$588k
$625k
Base
$433k
Bonus
$45k
Other
$6k
Benefits
$15k
Chief Eng &
Officer (Unspecified)
$522k
$555k
Base
$407k
Bonus
Other
$9k
Benefits
$17k
Principal En
Highest Compensated Employee
Above 90th percentile
$503k
$534k
Base
$399k
Bonus
Other
$17k
Benefits
$17k
Fmr Chief Ad
Officer (Unspecified)
$405k
$430k
Base
$321k
Bonus
Other
$4k
Benefits
$12k
Chief Grid O
Officer (Unspecified)
$400k
$424k
Base
$309k
Bonus
Other
$2k
Benefits
$17k
Mgr Dir Ops
Highest Compensated Employee
75th to 90th percentile
$368k
$391k
Base
$280k
Bonus
Other
$13k
Benefits
$10k
Mgr Dir IT &
IT Manager
Above 90th percentile
$361k
$384k
Base
$273k
Bonus
Other
$9k
Benefits
$17k
Chief HR
Officer (Unspecified)
$356k
$378k
Base
$274k
Bonus
Other
$17k
Benefits
$4k
VP Eng & Pow
Vice President
Above 90th percentile
$341k
$362k
Base
$275k
Bonus
Other
$3k
Benefits
$17k
Dir Cyber in
Highest Compensated Employee
75th to 90th percentile
$333k
$353k
Base
$253k
Bonus
$5k
Other
$2k
Benefits
$17k
Mgr Dir Memb
Highest Compensated Employee
75th to 90th percentile
$330k
$351k
Base
$250k
Bonus
Other
$8k
Benefits
$12k
Fmr Asst Tre
Officer (Unspecified)
$257k
$273k
Base
$197k
Bonus
Other
$904
Benefits
$13k
Assistant Tr
Officer (Unspecified)
$246k
$261k
Base
$177k
Bonus
$3k
Other
$5k
Benefits
$17k
Assistant Se
Officer (Unspecified)
$222k
$236k
Base
$154k
Bonus
$10k
Other
$839
Benefits
$17k
Fmr Chief E
Officer (Unspecified)
$191k
$203k
Base
$43k
Bonus
Other
$140k
Benefits
$1k
Chief Finc
Officer (Unspecified)
$85k
$90k
Director
Board Member
Median to 75th percentile
$40k
$43k
Chairman
Board Chair
Median to 75th percentile
$38k
$40k
Treasurer
Officer (Unspecified)
$37k
$40k
Director
Board Member
Median to 75th percentile
$37k
$40k
Secretary
Officer (Unspecified)
$37k
$39k
Director
Board Member
Median to 75th percentile
$37k
$39k
Director
Board Member
Median to 75th percentile
$36k
$38k
Director
Board Member
Median to 75th percentile
$36k
$38k
Vice Chairma
Board Vice Chair
Median to 75th percentile
$30k
$32k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Up 2%
from 2023

From $993k in 2023 to $1M in 2024.

$993k
2023
$1M
2024
In today's dollarsEst.
Down 2% in real terms$1.1M to $1.1M

Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, 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 2% from 2023 to 2024, while revenue rose 13%.

$993k in 2023 to $1M in 2024.
  • Highest Compensated Employee pay rose 21% from 2023 to 2024.
  • IT Manager pay rose 19% 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

RAPPAHANNOCK ELECTRIC COOPERATIVE reported revenue and expenses across 2 filing years.

RevenueExpenses
$535.5M
$518.6M
2023
$605.7M
$534M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about RAPPAHANNOCK ELECTRIC COOPERATIVE

What does the Chief Executive Officer of RAPPAHANNOCK ELECTRIC COOPERATIVE earn?

In 2024, the Chief Executive Officer of RAPPAHANNOCK ELECTRIC COOPERATIVE received $1,009,026 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 RAPPAHANNOCK ELECTRIC COOPERATIVE compare with similar nonprofits?

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

What are RAPPAHANNOCK ELECTRIC COOPERATIVE's revenue and expenses?

In 2024, RAPPAHANNOCK ELECTRIC COOPERATIVE reported $605.7M in total revenue and $534M in total expenses on its IRS Form 990.

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