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Filing year 2024

TRI-COUNTY ELECTRIC COOPERATIVE INC

Madison, Florida·EIN 59-0485704·501(c)(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 · Part VII & Schedule J · 19 reported individuals · Filing year 2024

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

Chief Executive Officer
Above 90th percentile
$385k
$409k
Base
$306k
Bonus
Other
$7k
Benefits
$32k
VP Engineering
Vice President
Above 90th percentile
$247k
$262k
Base
$164k
Bonus
Other
$1k
Benefits
$29k
Cooperative Foreman
Highest Compensated Employee
Median to 75th percentile
$224k
$237k
Base
$154k
Bonus
Other
$492
Benefits
$29k
VP Finance
Vice President
75th to 90th percentile
$222k
$235k
Base
$144k
Bonus
Other
$5k
Benefits
$21k
VP Corporate Svcs
Vice President
75th to 90th percentile
$205k
$218k
Base
$137k
Bonus
Other
$2k
Benefits
$21k
VP Operations
Vice President
75th to 90th percentile
$199k
$211k
Base
$150k
Bonus
Other
$957
Benefits
$30k
IT Director
Chief Information Officer
Median to 75th percentile
$197k
$209k
Base
$126k
Bonus
Other
$519
Benefits
$29k
District Crew Leader
Highest Compensated Employee
Median to 75th percentile
$196k
$208k
Base
$132k
Bonus
Other
$427
Benefits
$28k
Crew Leader
Highest Compensated Employee
Median to 75th percentile
$192k
$204k
Base
$131k
Bonus
Other
$232
Benefits
$28k
Crew Leader
Highest Compensated Employee
Median to 75th percentile
$184k
$195k
Base
$131k
Bonus
Other
$611
Benefits
$19k
Secretary/treasurer
Officer (Unspecified)
$6k
$7k
Trustee
Board Member
25th percentile to median
$6k
$6k
Trustee
Board Member
25th percentile to median
$6k
$6k
Vice President
10th to 25th percentile
$5k
$5k
Trustee
Board Member
10th to 25th percentile
$4k
$5k
Trustee
Board Member
10th to 25th percentile
$4k
$4k
Trustee
Board Member
10th to 25th percentile
$4k
$4k
President
Below 10th percentile
$3k
$3k
Trustee
Board Member
10th to 25th percentile
$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.

Pay for the position

Chief Executive Officer pay rose 12% from 2023 to 2024, while revenue rose 12%.

$344k in 2023 to $385k in 2024.
  • Vice President pay rose 10% from 2023 to 2024.
  • Highest Compensated Employee pay rose 17% 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

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.
FAQ

Common questions about TRI-COUNTY ELECTRIC COOPERATIVE INC

What does the Chief Executive Officer of TRI-COUNTY ELECTRIC COOPERATIVE INC earn?

In 2024, the Chief Executive Officer of TRI-COUNTY ELECTRIC COOPERATIVE INC received $385,240 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 TRI-COUNTY 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 TRI-COUNTY ELECTRIC COOPERATIVE INC falls in the top 10%.

What are TRI-COUNTY ELECTRIC COOPERATIVE INC's revenue and expenses?

In 2024, TRI-COUNTY ELECTRIC COOPERATIVE INC reported $59.2M in total revenue and $60M in total expenses on its IRS Form 990.

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