Compensation 990

Central Electric Membership Corporation

Fiscal year ending 2024. Filed on August 27, 2025.

PO Box 1107
Suite 250
Sanford, North Carolina 27331

Central Electric Membership Corporation (EIN: 56-0478157) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Central Electric Membership Corporation, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 9 out of 70 total employees. Among the employees shown here, the average compensation is $207,736. The highest compensated employee at Central Electric Membership Corporation is Edward B Oldham with fiscal year 2024 compensation of $340,488.

Revenue, expenses, and employee compensation

Revenue

$62,196,930

Expenses

$62,937,508

Employee compensation

$8,179,056
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

＋5.7%vs 2023
Edward B Oldham
CEO and GEN M
$340,488
$252,966 from orgNo related comp$87,522 other
＋3.0%vs 2023
Tabitha L Whitlow
Vice President FIN and ACT
$231,907
$168,600 from orgNo related comp$63,307 other
＋4.8%vs 2023
Angela D Hare
Vice President of Custom
$225,806
$158,439 from orgNo related comp$67,367 other
＋5.5%vs 2023
Jody B Albright
Vice President, Membership
$220,663
$155,819 from orgNo related comp$64,844 other
＋7.2%vs 2023
Terry Collins
Manager of Operations
$187,755
$130,957 from orgNo related comp$56,798 other
＋7.1%vs 2023
James Taylor
MGR Payroll/
$170,407
$117,153 from orgNo related comp$53,254 other
＋0.5%vs 2023
Martin Jessup
Overhead for
$165,671
$117,247 from orgNo related comp$48,424 other
New in 2024
Nathan Stephens
MGR of Engin
$164,210
$112,477 from orgNo related comp$51,733 other
New in 2024
Jill Adcock
Director of CUST
$162,716
$116,093 from orgNo related comp$46,623 other

Non-Employee Board Members

＋5.7%vs 2023
Rebecca G Paschal-Cogan
President
$26,640
$26,640 from orgNo related compNo other comp
－0.8%vs 2023
Charles E Cameron Sr
Director
$25,920
$25,920 from orgNo related compNo other comp
＋26.3%vs 2023
C Henry Outz Jr
Director
$22,350
$22,350 from orgNo related compNo other comp
＋17.1%vs 2023
J Thomas Dalrymple
Vice President
$22,140
$22,140 from orgNo related compNo other comp
＋12.8%vs 2023
Nancy G Holmes
Director
$21,660
$21,660 from orgNo related compNo other comp
＋1.4%vs 2023
Henry Randolph
Director
$21,000
$21,000 from orgNo related compNo other comp
＋18.8%vs 2023
James B Brooks
Secretary and Treasurer
$20,670
$20,670 from orgNo related compNo other comp
＋9.5%vs 2023
Timothy W Priest
Director
$20,040
$20,040 from orgNo related compNo other comp
＋2.6%vs 2023
W Phillip Thompson Jr
Assistant Secretary
$20,010
$20,010 from orgNo related compNo other comp
－38.4%vs 2023
L Frank Comer III
Director
$11,820
$11,820 from orgNo related compNo other comp

Mission Statement

SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF CENTRAL EMC

Revisions to this organization profile

August 27, 2025:
2024 Central Electric Membership Corporation 990 filed
October 11, 2024:
2023 Central Electric Membership Corporation 990 filed
September 5, 2023:
2022 Central Electric Membership Corporation 990 filed

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