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Filing year 2024

South Alabama Electric Cooperative

Troy, Alabama·EIN 63-0193841·12
Total revenue
$59.3M
Total assets
$177.7M
Total expenses
$60.3M
Reported officers
14
Mission

The aim of South Alabama Electric Cooperative is to provide reliable, quality, electric energy and related services to meet the needs of our diverse consumer base at the lowest possible cost consistent with sound economy and good management.

Executive compensation, broken down

Form 990 · Schedule J · 14 reported individuals · Filing year 2024

General Manager
officer (unspecified)
$387k
$410k
Base
$289k
Bonus
Other
$13k
Benefits
$26k
Employee
highest compensated employee
$256k
$271k
Base
$190k
Bonus
Other
$4k
Benefits
$26k
Employee
highest compensated employee
$209k
$221k
Base
$150k
Bonus
Other
$3k
Benefits
$25k
Employee
highest compensated employee
$197k
$209k
Base
$142k
Bonus
Other
$444
Benefits
$25k
Employee
highest compensated employee
$175k
$186k
Base
$130k
Bonus
Other
$715
Benefits
$25k
Employee
highest compensated employee
$170k
$180k
Base
$124k
Bonus
Other
$682
Benefits
$25k
Trustee
board member
$36k
$38k
Trustee
board member
$33k
$35k
Trustee
board member
$32k
$34k
Trustee
board member
$31k
$33k
Trustee
board member
$29k
$30k
Trustee
board member
$26k
$28k
Trustee
board member
$21k
$22k
Trustee
board member
$21k
$22k

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 1%
from 2023

From $383k in 2023 to $387k in 2024.

$383k
2023
$387k
2024
In today's dollarsEst.
Down 2% in real terms$418k 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

South Alabama Electric Cooperative reported revenue and expenses across 2 filing years.

RevenueExpenses
$55.7M
$58.7M
2023
$59.3M
$60.3M
2024
Total revenue and total expenses from IRS Form 990 filings.
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