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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 Mutual & Membership Benefit Electric Cooperatives Health Benefits Plan

Electric Cooperatives Health Benefits Plan

Fiscal year ending 2024. Filed on November 12, 2025.

340 Technacenter Drive
Montgomery, Alabama 36117

Electric Cooperatives Health Benefits Plan (EIN: 26-2483511) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Electric Cooperatives Health Benefits Plan, a 501(c)(9) voluntary employees' beneficiary association, reported compensation for 2 employees. Among the employees shown here, the average compensation is $347,328. The highest compensated employee at Electric Cooperatives Health Benefits Plan is Karl Rayborn with fiscal year 2024 compensation of $444,630.

Revenue, expenses, and employee compensation

Revenue

$42,852,697

Expenses

$40,457,053

Employee compensation

$0
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Karl Rayborn
Treasurer
$444,630
$0 $335,539 $109,091
Brian Matney
Administrator
$250,025
$0 $187,000 $63,025

Benchmark Employee Compensation

Non-Employee Board Members

Brad Kimbro
Secretary
Britton Lightsey
Trustee
Daryl Jones
Trustee
David Bailey
Chair
Gary Smith
Trustee
Gena Hall
Trustee
Gene Kanikovsky
Trustee
Jeff Hodges
Trustee
John Bartley
Trustee
Jon Cullimore
Trustee
Louie Ward
Trustee
Mark Parker
Trustee

Contractors

Blue Cross Blue Shield of Alabama
Contract Administrator
$1,464,392
Cobbs Allen & Hall
Consultant
$126,191

Mission Statement

COLLECTION OF PARTICIPATING EMPLOYER CONTRIBUTIONS TO FUND HEALTH AND WELFARE PLAN. FUNDS ARE USED TO PAY HEALTH CLAIMS COSTS AND ADMINISTRATIVE EXPENSES OF OPERATION OF THE PLAN.

Revisions to this organization profile

November 12, 2025:
2024 Electric Cooperatives Health Benefits Plan 990 filed
November 12, 2024:
2023 Electric Cooperatives Health Benefits Plan 990 filed
November 10, 2023:
2022 Electric Cooperatives Health Benefits Plan 990 filed

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