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Filing year 2024

SOUTH RIVER ELECTRIC MEMBERSHIP CORPORATION

Dunn, North Carolina·EIN 56-0405464·501(c)(12)
Total revenue
$113.2M
Total assets
$324.3M
Total expenses
$111.6M
Reported officers
15
Mission

SOUTH RIVER ELECTRIC MEMBERSHIP CORPORATION (SOUTH RIVER) IS A PREMIER LOCALLY-OWNED AND OPERATED ELECTRIC COOPERATIVE WITH A MISSION TO PROVIDE SAFE, RELIABLE, COMPETITIVELY-PRICED ELECTRICITY. SOUTH RIVER IS COMMITTED TO ACHIEVING EXCELLENCE AND EMPOWERING ITS MEMBERS. SOUTH RIVER IS DEDICATED TO HIGH STANDARDS OF PERFORMANCE AND INTEGRITY. THE COOPERATIVE'S NUMBER ONE PRIORITY IS ITS MEMBERS.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 15 reported individuals · Filing year 2024

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

Executive VP
Executive Vice President
75th to 90th percentile
$552k
$585k
Base
$388k
Bonus
$6k
Other
$41k
Benefits
$47k
CFO
Above 90th percentile
$301k
$319k
Base
$204k
Bonus
$3k
Other
$13k
Benefits
$39k
VP of E&o
Board Vice President
75th to 90th percentile
$278k
$294k
Base
$205k
Bonus
$3k
Other
$4k
Benefits
$24k
VP of Member
Board Vice President
75th to 90th percentile
$274k
$291k
Base
$192k
Bonus
$3k
Other
$3k
Benefits
$38k
Supervisor L
Highest Compensated Employee
75th to 90th percentile
$271k
$288k
Base
$199k
Bonus
$2k
Other
$2k
Benefits
$38k
VP - IT
Board Vice President
75th to 90th percentile
$266k
$282k
Base
$184k
Bonus
$3k
Other
$9k
Benefits
$34k
President
10th to 25th percentile
$21k
$22k
Vice Preside
Vice President
25th percentile to median
$19k
$20k
Director
Board Member
Median to 75th percentile
$19k
$20k
Treasurer
Officer (Unspecified)
$19k
$20k
Director
Board Member
Median to 75th percentile
$18k
$19k
Director
Board Member
Median to 75th percentile
$18k
$19k
Secretary
Officer (Unspecified)
$18k
$19k
Director
Board Member
Median to 75th percentile
$18k
$19k
Director
Board Member
25th percentile to median
$13k
$14k

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 7%
from 2023

From $514k in 2023 to $552k in 2024.

$514k
2023
$552k
2024
In today's dollarsEst.
Up 4% in real terms$562k to $585k

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.

Pay for the position

Executive Vice President pay rose 7% from 2023 to 2024, while revenue rose 3%.

$514k in 2023 to $552k in 2024.
  • Chief Financial Officer pay rose 7% from 2023 to 2024.
  • Board Vice President pay rose 6% 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

SOUTH RIVER ELECTRIC MEMBERSHIP CORPORATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$109.7M
$107.5M
2023
$113.2M
$111.6M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about SOUTH RIVER ELECTRIC MEMBERSHIP CORPORATION

What does the Executive Vice President of SOUTH RIVER ELECTRIC MEMBERSHIP CORPORATION earn?

In 2024, the Executive Vice President of SOUTH RIVER ELECTRIC MEMBERSHIP CORPORATION received $551,856 in total compensation. This pay is in the top quarter for Executive Vice President roles among nonprofits nationwide, across all sectors, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Executive Vice President pay at SOUTH RIVER ELECTRIC MEMBERSHIP CORPORATION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Executive Vice President at SOUTH RIVER ELECTRIC MEMBERSHIP CORPORATION falls between the 75th and 90th percentiles.

What are SOUTH RIVER ELECTRIC MEMBERSHIP CORPORATION's revenue and expenses?

In 2024, SOUTH RIVER ELECTRIC MEMBERSHIP CORPORATION reported $113.2M in total revenue and $111.6M in total expenses on its IRS Form 990.

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