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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 Marshall-Dekalb Electric Cooperative

Marshall-Dekalb Electric Cooperative

Fiscal year ending 2023. Filed on October 17, 2023.

PO Box 724
Boaz, Alabama 35957

Marshall-Dekalb Electric Cooperative (EIN: 63-0132555) has filed an IRS Form 990 since fiscal year 2017. In its fiscal year 2023 IRS Form 990 filing, Marshall-Dekalb Electric Cooperative, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 5 out of 58 total employees. Among the employees shown here, the average compensation is $134,269. The highest compensated employee at Marshall-Dekalb Electric Cooperative is William S Bobo with fiscal year 2023 compensation of $165,794.

Revenue, expenses, and employee compensation

Revenue

$19,675,444

Expenses

$15,812,049

Employee compensation

$2,465,434
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

William S Bobo
Manager
$165,794
$160,594 No related comp$5,200
Eric Lester
Chief Engineer
$142,267
$142,267 No related compNo other comp
Chris Cornelius
Service Supervisor
$126,038
$126,038 No related compNo other comp
Chris Brooks
Construction Supervisor
$123,851
$108,251 No related comp$15,600
Jennifer Oliver
Chief Financial Officer
$113,396
$108,196 No related comp$5,200

Benchmark Employee Compensation

Non-Employee Board Members

Lavaughn Holcomb
President
$16,825
$16,825 No related compNo other comp
Briggs Patterson
Trustee
$15,061
$15,061 No related compNo other comp
Bobby Weathers
Secretary and Treasurer
$15,025
$15,025 No related compNo other comp
Terry Edmondson
Vice President
$14,710
$14,710 No related compNo other comp
Steve Henley
Trustee
$14,421
$14,421 No related compNo other comp
Jerry Scott
Trustee
$14,382
$14,382 No related compNo other comp
Terry Johnson
Trustee
$14,000
$14,000 No related compNo other comp
William G Hulgan
Trustee
$13,921
$13,921 No related compNo other comp
Stephen P Davis
Trustee
$13,725
$13,725 No related compNo other comp

Contractors

Corbitt Power & Light LLC
Installation and Servicing of Utility Li
$1,192,535
Exeleron Software LLC
Software
$370,221
Landers' Land Improvement LLC
Landscaping
$288,943

Mission Statement

PURCHASE AND SALE OF ELECTRICITY FOR ITS MEMBERSHIP

Revisions to this organization profile

October 27, 2025:
2025 Marshall-Dekalb Electric Cooperative 990 filed
October 23, 2024:
2024 Marshall-Dekalb Electric Cooperative 990 filed
October 17, 2023:
2023 Marshall-Dekalb Electric Cooperative 990 filed

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