Choptank Electric Cooperative Inc

Unknown organization based in Denton, MD. 189 employees. Exempt under §501(c)(12).

MissionCEC EXISTS TO PROVIDE RELIABLE AND COST EFFECTIVE ELECTRICITY THAT IMPROVES THE QUALITY OF LIFE FOR OUR MEMBER-OWNERS. CEC IS COMMITTED TO SERVICE EXCELLENCE GUIDED BY THE SEVEN COOPERATIVE PRINCIPLES.

EIN
52-0271943
State
MD
Sector
Unknown
Budget band
$50M+
Latest filing
TY 2024
Records
13 officers · 6 years

Financial snapshot · TY 2024

$182.0M
Total revenue
$166.6M
Total expenses
$514.2M
Net assets

Financial health · TY 2024

33
Financial health needs attention
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
82
14.8 months of expenses
Program efficiency
0
Program expenses as % of total
Revenue diversity
3
Mix of program fees, grants & contributions

Leadership compensation

$966,015
$316,763
Lance Lockerman
VP OPERATION
$315,690
Timothy Mcgaha
VP TECH SERV
$305,567
Leroy Sverduk
VP ENGINEERI
$296,441

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Choptank Electric Cooperative Inc Executive Compensation | 990 Data | DoubleNine