RICH MOUNTAIN ELECTRIC COOPERATIVE INC. IS A MEMBER OWNED ELECTRIC DISTRIBUTION COOPERATIVE ESTABLISHED TO PROVIDE ELECTRIC SERVICE TO ITS MEMBERS AT THE LOWEST POSSIBLE COST. THIS INCLUDES ASSISTING ITS MEMBERS IN FINDING WAYS TO IMPROVE ENERGY EFFICIENCY AT THEIR HOME OR BUSINESS.
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.
- Base
- $228k
- Bonus
- —
- Other
- —
- Benefits
- $32k
- Base
- $141k
- Bonus
- —
- Other
- —
- Benefits
- $29k
- Base
- $145k
- Bonus
- —
- Other
- —
- Benefits
- $28k
- Base
- $146k
- Bonus
- —
- Other
- —
- Benefits
- $28k
- Base
- $140k
- Bonus
- —
- Other
- —
- Benefits
- $28k
- Base
- $136k
- Bonus
- —
- Other
- —
- Benefits
- $28k
- Base
- $130k
- Bonus
- —
- Other
- —
- Benefits
- $28k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
CEO Above 90th percentile | $228k | — | — | $32k | $315k $334k |
Employee Highest Compensated Employee Median to 75th percentile | $141k | — | — | $29k | $205k $218k |
Cfo/office Mgr Officer (Unspecified) | $145k | — | — | $28k | $205k $217k |
Employee Highest Compensated Employee Median to 75th percentile | $146k | — | — | $28k | $203k $216k |
Employee Highest Compensated Employee Median to 75th percentile | $140k | — | — | $28k | $197k $209k |
Employee Highest Compensated Employee Median to 75th percentile | $136k | — | — | $28k | $194k $206k |
Employee Highest Compensated Employee Median to 75th percentile | $130k | — | — | $28k | $188k $199k |
Treasurer Officer (Unspecified) | — | — | — | — | $47k $50k |
Director Board Member Median to 75th percentile | — | — | — | — | $46k $49k |
Director Board Member Median to 75th percentile | — | — | — | — | $44k $47k |
Director Board Member Median to 75th percentile | — | — | — | — | $41k $44k |
Director Board Member Median to 75th percentile | — | — | — | — | $40k $43k |
Director Board Member Median to 75th percentile | — | — | — | — | $39k $41k |
Vice Chairman Board Vice Chair Median to 75th percentile | — | — | — | — | $37k $40k |
Chairman Board Chair Median to 75th percentile | — | — | — | — | $30k $32k |
Director Board Member Median to 75th percentile | — | — | — | — | $28k $29k |
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 3%
from 2023
From $305k in 2023 to $315k in 2024.
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.
Chief Executive Officer pay rose 3% from 2023 to 2024, while revenue held roughly steady.
- Highest Compensated Employee pay rose 3% from 2023 to 2024.
- Board Member pay fell 5% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Revenue and expenses over time
RICH MOUNTAIN ELECTRIC COOPERATIVE INC reported revenue and expenses across 2 filing years.
Common questions about RICH MOUNTAIN ELECTRIC COOPERATIVE INC
What does the Chief Executive Officer of RICH MOUNTAIN ELECTRIC COOPERATIVE INC earn?
In 2024, the Chief Executive Officer of RICH MOUNTAIN ELECTRIC COOPERATIVE INC received $314,798 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 RICH MOUNTAIN ELECTRIC COOPERATIVE INC compare with similar nonprofits?
Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at RICH MOUNTAIN ELECTRIC COOPERATIVE INC falls in the top 10%.
What are RICH MOUNTAIN ELECTRIC COOPERATIVE INC's revenue and expenses?
In 2024, RICH MOUNTAIN ELECTRIC COOPERATIVE INC reported $22M in total revenue and $19.7M in total expenses on its IRS Form 990.
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