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Filing year 2024

WEST FLORIDA ELECTRIC COOPERATIVE ASSOCIATION INC

Graceville, Florida·EIN 59-0504115·501(c)(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 · Part VII & Schedule J · 22 reported individuals · Filing year 2024

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

Former Executive VP & CEO
75th to 90th percentile
$286k
$304k
Base
$227k
Bonus
Other
Benefits
$20k
VP of Administration
Board Vice President
75th to 90th percentile
$284k
$301k
Base
$143k
Bonus
Other
Benefits
$19k
Manager - Engineering
Highest Compensated Employee
75th to 90th percentile
$244k
$259k
Base
$223k
Bonus
Other
Benefits
$17k
Chief Information Officer
Median to 75th percentile
$224k
$237k
Base
$150k
Bonus
Other
Benefits
$6k
Key Employee
Highest Compensated Employee
Median to 75th percentile
$189k
$201k
Base
$125k
Bonus
Other
Benefits
$20k
Key Employee
Highest Compensated Employee
Median to 75th percentile
$180k
$191k
Base
$148k
Bonus
Other
Benefits
$20k
Key Employee
Highest Compensated Employee
Median to 75th percentile
$179k
$190k
Base
$140k
Bonus
Other
Benefits
$20k
Interim Executive VP & CEO
Median to 75th percentile
$167k
$177k
Base
$156k
Bonus
Other
Benefits
$7k
Key Employee
Highest Compensated Employee
25th percentile to median
$162k
$172k
Base
$134k
Bonus
Other
Benefits
$19k
Safety Manager
Highest Compensated Employee
25th percentile to median
$131k
$139k
Key Employee
Highest Compensated Employee
10th to 25th percentile
$127k
$134k
Key Employee
Highest Compensated Employee
10th to 25th percentile
$115k
$122k
CFO
Median to 75th percentile
$105k
$112k
Director
Board Member
Median to 75th percentile
$21k
$22k
Director
Board Member
Median to 75th percentile
$19k
$20k
President
Board President
Median to 75th percentile
$19k
$20k
Director
Board Member
Median to 75th percentile
$18k
$19k
Secretary-treasurer
Board Treasurer
75th to 90th percentile
$18k
$19k
Director
Board Member
Median to 75th percentile
$18k
$19k
Director
Board Member
Median to 75th percentile
$16k
$17k
Vice President
Board Vice President
25th percentile to median
$16k
$17k
Director
Board Member
25th percentile to median
$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.

Pay for the position

Chief Executive Officer pay rose 33% from 2023 to 2024, while revenue rose 6%.

$215k in 2023 to $286k in 2024.
  • Board Vice President pay rose 1635% from 2023 to 2024.
  • Highest Compensated Employee pay rose 45% 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

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.
FAQ

Common questions about WEST FLORIDA ELECTRIC COOPERATIVE ASSOCIATION INC

What does the Chief Executive Officer of WEST FLORIDA ELECTRIC COOPERATIVE ASSOCIATION INC earn?

In 2024, the Chief Executive Officer of WEST FLORIDA ELECTRIC COOPERATIVE ASSOCIATION INC received $286,348 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among nonprofits nationwide, across all sectors, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at WEST FLORIDA ELECTRIC COOPERATIVE ASSOCIATION 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 WEST FLORIDA ELECTRIC COOPERATIVE ASSOCIATION INC falls between the 75th and 90th percentiles.

What are WEST FLORIDA ELECTRIC COOPERATIVE ASSOCIATION INC's revenue and expenses?

In 2024, WEST FLORIDA ELECTRIC COOPERATIVE ASSOCIATION INC reported $78.5M in total revenue and $74.6M in total expenses on its IRS Form 990.

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