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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Delaware Electric Cooperative Inc.

Delaware Electric Cooperative Inc.

Fiscal year ending 2024. Filed on May 14, 2025.

14198 Sussex Highway
Greenwood, Delaware 19950

Delaware Electric Cooperative Inc. (EIN: 51-0011975) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Delaware Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 13 out of 194 total employees. Among the employees shown here, the average compensation is $299,991. The highest compensated employee at Delaware Electric Cooperative Inc. is Robert Book with fiscal year 2024 compensation of $569,050.

Revenue, expenses, and employee compensation

Revenue

$254,849,361

Expenses

$233,785,051

Employee compensation

$26,485,595
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Robert Book
President and Chief Executive Officer
$569,050
$504,180 No related comp$64,870
Dwayne Street
Chief Operating Officer
$439,253
$369,749 No related comp$69,504
Jesse Spampinato
Vice President, Operations
$319,387
$267,136 No related comp$52,251
Dawn R Smart
Vice President, Human Resources
$317,896
$263,509 No related comp$54,387
Troy Dickerson
Vice President, Engineering
$298,307
$237,369 No related comp$60,938
Kevin Yingling
Vice President, Member Services
$282,480
$239,442 No related comp$43,038
Kyle Bouika
Vice President INFO TECH
$280,424
$230,825 No related comp$49,599
Bruce Campbell
Vice President, Finance
$268,681
$213,888 No related comp$54,793
Richard H Johnson
Serviceman
$250,507
$215,192 No related comp$35,315
David C Shapley
MGR of Renew
$238,254
$185,678 No related comp$52,576
Christopher J Penuel
Serviceman
$233,157
$197,195 No related comp$35,962
Stephen Hearn
Manager of Operations
$201,768
$163,715 No related comp$38,053

Benchmark Employee Compensation

Non-Employee Board Members

Patricia S Dorey
Chair
$39,175
$39,175 No related compNo other comp
Laura T Phillips
Secretary and Treasurer
$35,950
$35,950 No related compNo other comp
Michael K Brown
Vice Chair
$35,500
$35,500 No related compNo other comp
Blaine M Daisey Sr
Director
$33,500
$33,500 No related compNo other comp
William P Haughey Jr
Assistant Secretary and Assistant Treasurer
$33,500
$33,500 No related compNo other comp
Charles L Towles
Director
$30,500
$30,500 No related compNo other comp
Thomas E Brown
Director
$27,500
$27,500 No related compNo other comp
Bruce R Walton
Director
$27,000
$27,000 No related compNo other comp
Mark Abbott
Director
$25,000
$25,000 No related compNo other comp
Hunter Emory
Director
$17,500
$17,500 No related compNo other comp
Jeffrey Chorman
Director
$7,500
$7,500 No related compNo other comp
William J Wells
Former Director
$4,500
$4,500 No related compNo other comp

Contractors

Utility Lines Construction Service
Line Maintenance
$5,246,756
Asplundh Tree Expert CO
Tree Removal
$1,902,522
Cooperative Building Solutions
Construction
$1,752,961
Rock Creek Line Construction
Line Maintenance
$1,255,503
Willow Construction LLC
Renovations
$744,677

Mission Statement

SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF DEC

Revisions to this organization profile

May 14, 2025:
2024 Delaware Electric Cooperative Inc. 990 filed
May 15, 2024:
2023 Delaware Electric Cooperative Inc. 990 filed
November 3, 2023:
2022 Delaware Electric Cooperative Inc. 990 filed

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