Mission
PROVIDE ELECTRIC SERVICE TO MEMBERS
Executive compensation, broken down
Form 990 · Schedule J · 14 reported individuals · Filing year 2024
General Mana
key employee
$362k
$391k
- Base
- $255k
- Bonus
- —
- Other
- —
- Benefits
- $107k
Employee
highest compensated employee
$186k
$200k
- Base
- $129k
- Bonus
- —
- Other
- —
- Benefits
- $57k
Employee
highest compensated employee
$179k
$193k
- Base
- $119k
- Bonus
- —
- Other
- —
- Benefits
- $60k
Employee
highest compensated employee
$177k
$191k
- Base
- $127k
- Bonus
- —
- Other
- —
- Benefits
- $50k
Employee
highest compensated employee
$167k
$180k
- Base
- $119k
- Bonus
- —
- Other
- —
- Benefits
- $48k
Director
board member
$7k
$7k
Director
board member
$7k
$7k
Director
board member
$6k
$7k
President
$6k
$6k
Director
board member
$5k
$5k
Director
board member
$5k
$5k
Secretary/tr
officer (unspecified)
$5k
$5k
Director
board member
$5k
$5k
Director
board member
$3k
$4k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
General Mana key employee | $255k | — | — | $107k | $362k $391k |
Employee highest compensated employee | $129k | — | — | $57k | $186k $200k |
Employee highest compensated employee | $119k | — | — | $60k | $179k $193k |
Employee highest compensated employee | $127k | — | — | $50k | $177k $191k |
Employee highest compensated employee | $119k | — | — | $48k | $167k $180k |
Director board member | — | — | — | — | $7k $7k |
Director board member | — | — | — | — | $7k $7k |
Director board member | — | — | — | — | $6k $7k |
President | — | — | — | — | $6k $6k |
Director board member | — | — | — | — | $5k $5k |
Director board member | — | — | — | — | $5k $5k |
Secretary/tr officer (unspecified) | — | — | — | — | $5k $5k |
Director board member | — | — | — | — | $5k $5k |
Director board member | — | — | — | — | $3k $4k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Up 6%
from 2023
From $343k in 2023 to $362k in 2024.
$343k
2023
$362k
2024
$343k
2023
$362k
2024
In today's dollarsEst.
Up 2% in real terms$382k to $391k
Estimated with BLS CPI-U for the Northeast 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
SOMERSET RURAL ELECTRIC COOP INC reported revenue and expenses across 2 filing years.
RevenueExpenses
$27.9M
$26.1M
2023
$28.2M
$25.3M
2024
Total revenue and total expenses from IRS Form 990 filings.
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