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Filing year 2024

SOUTHERN MARYLAND ELEC COOPERATIVE INC WORKERS COMPENSATION PLAN

Hughesville, Maryland·EIN 52-1309853·501(c)(4)
Total revenue
$874k
Total assets
$3M
Total expenses
$802k
Reported officers
9
Mission

THE TRUST PROVIDES WORKER'S COMPENSATION BENEFITS THROUGH SELF AND EXCESS COVERAGE INSURANCE, AS SPECIFIED BY THE COURT AND/OR OTHER AUTHORITIES, TO EMPLOYEES OF THE COOPERATIVE AND/OR THEIR BENEFICIARIES.

Executive compensation

Form 990 · Part VII & Schedule J · 2 reported individuals · Filing year 2024

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

President &
Median to 75th percentile
$115k
$122k
Sr VP & CFO
25th percentile to median
$80k
$85k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 7 unpaid individuals.

Down 46%
from 2023

From $212k in 2023 to $115k in 2024.

$212k
2023
$115k
2024
In today's dollarsEst.
Down 47% in real terms$233k to $122k

Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay fell 46% from 2023 to 2024, while revenue fell 48%.

$212k in 2023 to $115k in 2024.
  • Chief Financial Officer pay fell 28% 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

SOUTHERN MARYLAND ELEC COOPERATIVE INC WORKERS COMPENSATION PLAN reported revenue and expenses across 2 filing years.

RevenueExpenses
$1.7M
$744k
2023
$874k
$802k
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about SOUTHERN MARYLAND ELEC COOPERATIVE INC WORKERS COMPENSATION PLAN

What does the Chief Executive Officer of SOUTHERN MARYLAND ELEC COOPERATIVE INC WORKERS COMPENSATION PLAN earn?

In 2024, the Chief Executive Officer of SOUTHERN MARYLAND ELEC COOPERATIVE INC WORKERS COMPENSATION PLAN received $115,107 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at SOUTHERN MARYLAND ELEC COOPERATIVE INC WORKERS COMPENSATION PLAN compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at SOUTHERN MARYLAND ELEC COOPERATIVE INC WORKERS COMPENSATION PLAN falls between the median and the 75th percentile.

What are SOUTHERN MARYLAND ELEC COOPERATIVE INC WORKERS COMPENSATION PLAN's revenue and expenses?

In 2024, SOUTHERN MARYLAND ELEC COOPERATIVE INC WORKERS COMPENSATION PLAN reported $874k in total revenue and $802k in total expenses on its IRS Form 990.

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