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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 2022. Filed on November 3, 2023.

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 2022 IRS Form 990 filing, Delaware Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 18 out of 193 total employees. Among the employees shown here, the average compensation is $214,906. The highest compensated employee at Delaware Electric Cooperative Inc. is Gregory Starheim with fiscal year 2022 compensation of $521,229.

Revenue, expenses, and employee compensation

Revenue

$226,822,126

Expenses

$212,282,144

Employee compensation

$22,207,094
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Gregory Starheim
Former President
$521,229
$497,858 No related comp$23,371
Thomas Beamon
CFO Senior Vice President
$298,593
$258,989 No related comp$39,604
Richard H Johnson
1ST Class SE
$260,410
$225,829 No related comp$34,581
Robert Book
President and Chief Executive Officer
$249,397
$205,592 No related comp$43,805
Christopher J Penuel
1ST Class SE
$240,766
$206,244 No related comp$34,522
David C Shapley
Vice President, Strategy
$238,776
$191,967 No related comp$46,809
Dwayne Street
Chief Information Officer
$205,787
$162,987 No related comp$42,800
Sheron Sturgis
Journeyman L
$201,759
$167,272 No related comp$34,487
Jesse Spampinato
Vice President, Operations
$196,436
$155,035 No related comp$41,401
Stephen Hearn
Journeyman L
$194,976
$171,461 No related comp$23,515
Benjamin Salisbury
Journeyman L
$190,480
$166,715 No related comp$23,765
Dawn R Smart
Vice President, Human Resources
$189,869
$149,516 No related comp$40,353

Benchmark Employee Compensation

Non-Employee Board Members

Patricia S Dorey
Chair
$30,850
$30,850 No related compNo other comp
William P Haughey Jr
Assistant Secretary and Assistant Treasurer
$29,750
$29,750 No related compNo other comp
Laura T Phillips
Secretary and Treasurer
$29,100
$29,100 No related compNo other comp
Michael K Brown
Vice Chair
$26,350
$26,350 No related compNo other comp
Thomas E Brown
Director
$24,650
$24,650 No related compNo other comp
Blaine M Daisey Sr
Director
$22,950
$22,950 No related compNo other comp
Charles L Towles Jr
Director
$21,250
$21,250 No related compNo other comp
Bruce R Walton
Director
$19,550
$19,550 No related compNo other comp
Hunter Emory
Director
$17,850
$17,850 No related compNo other comp
Bruce A Henry
Director
$13,600
$13,600 No related compNo other comp
William J Wells
Director
$13,600
$13,600 No related compNo other comp

Contractors

Utility Lines Const Inc.
Line Maintenance
$7,276,308
Asplundh Tree Expert Inc.
Tree Removal
$3,615,535
Rock Creek Line Construction Inc.
Line Maintenance
$2,407,277
Utility Lines Construction Services
Line Maintenance
$921,709
Aui Inc.
Transmission
$604,957

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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