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Filing year 2024

WEST FLORIDA ELECTRIC COOPERATIVE ASSOCIATION INC

Graceville, Florida·EIN 59-0504115·12
Total revenue
$78.5M
Total assets
$174M
Total expenses
$74.6M
Reported officers
22
Mission

WEST FLORIDA ELECTRIC COOPERATIVE ASSOCIATION, INC. IS IN BUSINESS TO PROVIDE ITS MEMBERS WITH A RELIABLE SOURCE OF ELECTRICITY AND OTHER RELATED, SELF-SUSTAINING SERVICES AT THE LOWEST POSSIBLE COST CONSISTENT WITH ITS EXTERNAL FINANCIAL OBLIGATIONS AND SOUND MANAGEMENT PRACTICES.

Executive compensation, broken down

Form 990 · Schedule J · 22 reported individuals · Filing year 2024

Former Executive VP & CEO
$286k
$304k
Base
$227k
Bonus
Other
Benefits
$20k
VP of Administration
vice president
$284k
$301k
Base
$143k
Bonus
Other
Benefits
$19k
Manager - Engineering
highest compensated employee
$244k
$259k
Base
$223k
Bonus
Other
Benefits
$17k
Chief Information Officer
chief information officer
$224k
$237k
Base
$150k
Bonus
Other
Benefits
$6k
Key Employee
highest compensated employee
$189k
$201k
Base
$125k
Bonus
Other
Benefits
$20k
Key Employee
highest compensated employee
$180k
$191k
Base
$148k
Bonus
Other
Benefits
$20k
Key Employee
highest compensated employee
$179k
$190k
Base
$140k
Bonus
Other
Benefits
$20k
Interim Executive VP & CEO
$167k
$177k
Base
$156k
Bonus
Other
Benefits
$7k
Key Employee
highest compensated employee
$162k
$172k
Base
$134k
Bonus
Other
Benefits
$19k
Safety Manager
highest compensated employee
$131k
$139k
Key Employee
highest compensated employee
$127k
$134k
Key Employee
highest compensated employee
$115k
$122k
Director
board member
$21k
$22k
Director
board member
$19k
$20k
President
board president
$19k
$20k
Director
board member
$18k
$19k
Director
board member
$18k
$19k
Secretary-treasurer
board treasurer
$18k
$19k
Director
board member
$16k
$17k
Vice President
vice president
$16k
$17k
Director
board member
$14k
$15k

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 33%
from 2023

From $215k in 2023 to $286k in 2024.

$215k
2023
$286k
2024
In today's dollarsEst.
Up 29% in real terms$235k to $304k

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

WEST FLORIDA ELECTRIC COOPERATIVE ASSOCIATION INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$73.9M
$71M
2023
$78.5M
$74.6M
2024
Total revenue and total expenses from IRS Form 990 filings.
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