Skip to main content
Filing year 2024

TRI-COUNTY ELECTRIC COOPERATIVE INC

Madison, Florida·EIN 59-0485704·12
Total revenue
$59.2M
Total assets
$273.5M
Total expenses
$60M
Reported officers
19
Mission

PROVIDE QUALITY-SAFE-AFFORDABLE ELECTRIC SERVICE POWERED BY MEMBERS.

Executive compensation, broken down

Form 990 · Schedule J · 19 reported individuals · Filing year 2024

Chief Executive Officer
$385k
$409k
Base
$306k
Bonus
Other
$7k
Benefits
$32k
VP Engineering
vice president
$247k
$262k
Base
$164k
Bonus
Other
$1k
Benefits
$29k
Cooperative Foreman
highest compensated employee
$224k
$237k
Base
$154k
Bonus
Other
$492
Benefits
$29k
VP Finance
vice president
$222k
$235k
Base
$144k
Bonus
Other
$5k
Benefits
$21k
VP Corporate Svcs
vice president
$205k
$218k
Base
$137k
Bonus
Other
$2k
Benefits
$21k
VP Operations
vice president
$199k
$211k
Base
$150k
Bonus
Other
$957
Benefits
$30k
IT Director
chief information officer
$197k
$209k
Base
$126k
Bonus
Other
$519
Benefits
$29k
District Crew Leader
highest compensated employee
$196k
$208k
Base
$132k
Bonus
Other
$427
Benefits
$28k
Crew Leader
highest compensated employee
$192k
$204k
Base
$131k
Bonus
Other
$232
Benefits
$28k
Crew Leader
highest compensated employee
$184k
$195k
Base
$131k
Bonus
Other
$611
Benefits
$19k
Secretary/treasurer
officer (unspecified)
$6k
$7k
Trustee
board member
$6k
$6k
Trustee
board member
$6k
$6k
Vice President
vice president
$5k
$5k
Trustee
board member
$4k
$5k
Trustee
board member
$4k
$4k
Trustee
board member
$4k
$4k
Trustee
board member
$2k
$3k

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 12%
from 2023

From $344k in 2023 to $385k in 2024.

$344k
2023
$385k
2024
In today's dollarsEst.
Up 9% in real terms$376k to $409k

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

TRI-COUNTY ELECTRIC COOPERATIVE INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$52.9M
$52.9M
2023
$59.2M
$60M
2024
Total revenue and total expenses from IRS Form 990 filings.
Free, forever
Build lists. Save your benchmarks.
A free Lucido account lets you build lists of nonprofits and save your search filters. No credit card.
Create free account
Already a member? Sign in
Build a benchmark

Compare any role, sector, or revenue band

Build your own benchmark from millions of reported positions.