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Filing year 2024

SOUTH RIVER ELECTRIC MEMBERSHIP CORPORATION

Dunn, North Carolina·EIN 56-0405464·12
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 · Schedule J · 15 reported individuals · Filing year 2024

Executive VP
executive vice president
$552k
$585k
Base
$388k
Bonus
$6k
Other
$41k
Benefits
$47k
Base
$204k
Bonus
$3k
Other
$13k
Benefits
$39k
VP of E&o
vice president
$278k
$294k
Base
$205k
Bonus
$3k
Other
$4k
Benefits
$24k
VP of Member
vice president
$274k
$291k
Base
$192k
Bonus
$3k
Other
$3k
Benefits
$38k
Supervisor L
highest compensated employee
$271k
$288k
Base
$199k
Bonus
$2k
Other
$2k
Benefits
$38k
VP - IT
vice president
$266k
$282k
Base
$184k
Bonus
$3k
Other
$9k
Benefits
$34k
$21k
$22k
Vice Preside
vice president
$19k
$20k
Director
board member
$19k
$20k
Treasurer
officer (unspecified)
$19k
$20k
Director
board member
$18k
$19k
Director
board member
$18k
$19k
Secretary
officer (unspecified)
$18k
$19k
Director
board member
$18k
$19k
Director
board member
$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.

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.
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