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Filing year 2024

SUMTER ELECTRIC COOPERATIVE INC

Sumterville, Florida·EIN 59-0469125·501(c)(12)
Total revenue
$523.5M
Total assets
$1.4B
Total expenses
$503.4M
Reported officers
28
Mission

AS A NOT-FOR-PROFIT COOPERATIVE, SECO ENERGY PROVIDES RELIABLE AND INNOVATIVE ENERGY SERVICES TO OUR MEMBERS AND COMMUNITIES.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 28 reported individuals · Filing year 2024

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

CEO
Above 90th percentile
$1.2M
$1.3M
Base
$848k
Bonus
$130k
Other
$99k
Benefits
$20k
COO
Above 90th percentile
$953k
$1M
Base
$549k
Bonus
$81k
Other
$233k
Benefits
$28k
Ccso
Key Employee
Above 90th percentile
$801k
$850k
Base
$411k
Bonus
$71k
Other
$224k
Benefits
$20k
COO - Interim
Above 90th percentile
$596k
$632k
Base
$361k
Bonus
$49k
Other
$47k
Benefits
$29k
VP - Fin & Admin Svc
Board Vice President
Above 90th percentile
$501k
$532k
Base
$305k
Bonus
$46k
Other
$59k
Benefits
$40k
VP Reliability & Operations
Board Vice President
Above 90th percentile
$488k
$517k
Base
$264k
Bonus
$45k
Other
$56k
Benefits
$34k
VP Corp Gen Counsel
Board Vice President
Above 90th percentile
$470k
$499k
Base
$323k
Bonus
$49k
Other
$26k
Benefits
$44k
Director of Technical Services
Highest Compensated Employee
Above 90th percentile
$403k
$427k
Base
$213k
Bonus
$32k
Other
$18k
Benefits
$14k
Distribution Superintendent
Highest Compensated Employee
75th to 90th percentile
$342k
$363k
Base
$132k
Bonus
$37k
Other
$84k
Benefits
$31k
Director of System Operations
Above 90th percentile
$338k
$359k
Base
$213k
Bonus
$32k
Other
$22k
Benefits
$18k
VP of Human Resources & Corp Svcs
Board Vice President
Above 90th percentile
$335k
$355k
Base
$230k
Bonus
$28k
Other
$21k
Benefits
$29k
Line Tech-1st Class
Highest Compensated Employee
75th to 90th percentile
$319k
$338k
Base
$248k
Bonus
$17k
Other
$24k
Benefits
$12k
Mgr of Inf Tech
Highest Compensated Employee
75th to 90th percentile
$304k
$323k
Base
$166k
Bonus
$31k
Other
$25k
Benefits
$23k
VP of Engineering
Board Vice President
75th to 90th percentile
$290k
$308k
Base
$188k
Bonus
Other
$38k
Benefits
$8k
VP of Communications, Community & Member Exp
Board Vice President
75th to 90th percentile
$274k
$291k
Base
$171k
Bonus
$9k
Other
$26k
Benefits
$14k
VP Cor Comm & Eng Sv
Board Vice President
75th to 90th percentile
$272k
$289k
Base
$162k
Bonus
$35k
Other
$59k
Benefits
$6k
Former CEO
Former Officer/director/trustee
Median to 75th percentile
$139k
$148k
Base
Bonus
Other
$139k
Benefits
Trustee
Board Member
Median to 75th percentile
$46k
$49k
Trustee - President
Board Member
Median to 75th percentile
$43k
$46k
Trustee
Board Member
Median to 75th percentile
$39k
$41k
Trustee - Sec/treas
Board Member
Median to 75th percentile
$38k
$40k
Trustee
Board Member
Median to 75th percentile
$37k
$39k
Trustee
Board Member
Median to 75th percentile
$35k
$37k
Trustee - Vice Pres
Board Member
Median to 75th percentile
$31k
$33k
Trustee - Beg 3/24
Board Member
Median to 75th percentile
$29k
$30k
Trustee - Beg 4/24
Board Member
Median to 75th percentile
$25k
$26k
Trustee - Thru 2/24
Board Member
25th percentile to median
$5k
$5k
Trustee - Thru 1/24
Board Member
Below 10th percentile
$751
$797

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 10%
from 2023

From $1.1M in 2023 to $1.2M in 2024.

$1.1M
2023
$1.2M
2024
In today's dollarsEst.
Up 7% in real terms$1.2M to $1.3M

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

Chief Executive Officer pay rose 38% from 2023 to 2024, while revenue rose 8%.

$895k in 2023 to $1.2M in 2024.
  • Chief Operating Officer pay fell 15% from 2023 to 2024.
  • Key Employee pay rose 31% 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

SUMTER ELECTRIC COOPERATIVE INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$483M
$472.5M
2023
$523.5M
$503.4M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about SUMTER ELECTRIC COOPERATIVE INC

What does the Chief Executive Officer of SUMTER ELECTRIC COOPERATIVE INC earn?

In 2024, the Chief Executive Officer of SUMTER ELECTRIC COOPERATIVE INC received $1,233,900 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at SUMTER ELECTRIC COOPERATIVE INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at SUMTER ELECTRIC COOPERATIVE INC falls in the top 10%.

What are SUMTER ELECTRIC COOPERATIVE INC's revenue and expenses?

In 2024, SUMTER ELECTRIC COOPERATIVE INC reported $523.5M in total revenue and $503.4M in total expenses on its IRS Form 990.

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