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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 2023. Filed on May 15, 2024.

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 2023 IRS Form 990 filing, Delaware Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 14 out of 193 total employees. Among the employees shown here, the average compensation is $225,332. The highest compensated employee at Delaware Electric Cooperative Inc. is Robert Book with fiscal year 2023 compensation of $439,266.

Revenue, expenses, and employee compensation

Revenue

$245,267,841

Expenses

$231,540,918

Employee compensation

$23,582,717
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Robert Book
President and Chief Executive Officer
$439,266
$374,982 No related comp$64,284
Richard H Johnson
1ST Class SE
$259,186
$226,334 No related comp$32,852
Christopher J Penuel
1ST Class SE
$248,385
$215,378 No related comp$33,007
Dwayne Street
Chief Operating Officer
$246,936
$198,099 No related comp$48,837
David C Shapley
Vice President, Strategy
$242,977
$194,470 No related comp$48,507
Dawn R Smart
Vice President, Human Resources
$223,382
$178,883 No related comp$44,499
Jesse Spampinato
Vice President, Operations
$212,647
$168,524 No related comp$44,123
Troy Dickerson
Vice President, Engineering
$203,181
$167,935 No related comp$35,246
Benjamin Salisbury
Crew Chief
$201,572
$169,715 No related comp$31,857
Kevin Yingling
Vice President, Member Services
$192,074
$158,938 No related comp$33,136
David Morgan
Journeyman L
$189,228
$165,613 No related comp$23,615
Dale Breeding
Journeyman L
$189,083
$166,111 No related comp$22,972

Benchmark Employee Compensation

Non-Employee Board Members

Laura T Phillips
Secretary and Treasurer
$41,975
$41,975 No related compNo other comp
Patricia S Dorey
Chair
$38,475
$38,475 No related compNo other comp
William P Haughey Jr
Assistant Secretary and Assistant Treasurer
$37,450
$37,450 No related compNo other comp
Thomas E Brown
Director
$33,200
$33,200 No related compNo other comp
Michael K Brown
Vice Chair
$31,200
$31,200 No related compNo other comp
Bruce R Walton
Director
$25,750
$25,750 No related compNo other comp
Blaine M Daisey Sr
Director
$24,900
$24,900 No related compNo other comp
Charles L Towles
Director
$24,750
$24,750 No related compNo other comp
Hunter Emory
Director
$19,800
$19,800 No related compNo other comp
William J Wells
Director
$18,950
$18,950 No related compNo other comp
Bruce A Henry
Former Director
$10,200
$10,200 No related compNo other comp

Contractors

Utility Lines Construction Service
Line Maintenance
$11,706,420
Asplundh Tree Expert CO
Tree Removal
$3,417,556
Rock Creek Line Construction Inc.
Line Maintenance
$1,953,783
Tuckahoe Underground
Line Maintenance
$1,526,978
Aui Inc.
Transmission
$395,368

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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