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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 West Florida Electric Cooperative Association Inc.

West Florida Electric Cooperative Association Inc.

Fiscal year ending 2022. Filed on August 30, 2023.

PO Box 127
Graceville, Florida 32440

West Florida Electric Cooperative Association Inc. (EIN: 59-0504115) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2022 IRS Form 990 filing, West Florida Electric Cooperative Association Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 10 out of 109 total employees. Among the employees shown here, the average compensation is $134,158. The highest compensated employee at West Florida Electric Cooperative Association Inc. is James T Peel with fiscal year 2022 compensation of $243,284.

Revenue, expenses, and employee compensation

Revenue

$72,691,010

Expenses

$66,380,058

Employee compensation

$2,770,250
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

James T Peel
Former Executive Vice President and CEO
$243,284
$185,248 $16,702 $41,334
Marie Ashworth
Chief Financial Officer
$163,045
$142,608 No related comp$20,437
Keith Varnum
Manager - Engineering
$156,187
$136,142 No related comp$20,045
Wayne Williams
Vice President, Operations
$137,242
$117,436 No related comp$19,806
Jonathan T Love
Key Employee
$133,128
$113,834 No related comp$19,294
Donnie Worley
Safety Manager
$132,491
$112,730 No related comp$19,761
Jason Blanton
Key Employee
$117,305
$117,305 No related compNo other comp
Derek Chadwell
Vice President, Member Services
$115,938
$109,937 $6,001 No other comp
Kevin Nelson
Key Employee
$108,668
$108,668 No related compNo other comp
Shawn Walling
Executive Vice President and Chief Executive Officer
$0

Benchmark Employee Compensation

Non-Employee Board Members

Joe Rone
President
$32,802
$19,200 $13,602 No other comp
George Owens
Director
$26,876
$19,675 $7,201 No other comp
Myron Hudson
Director
$24,874
$24,874 No related compNo other comp
John W Adams
Director
$20,534
$20,534 No related compNo other comp
Jackie Pooser
Director
$19,562
$19,562 No related compNo other comp
Tim Alford
Director
$18,737
$18,737 No related compNo other comp
David Tatum
Director
$18,608
$18,608 No related compNo other comp
Randy Bush
Secretary and Treasurer
$16,050
$16,050 No related compNo other comp
David Corbin
Vice President
$14,650
$14,650 No related compNo other comp

Contractors

Asplundh Tree Expert
Right of Way
$2,131,362
Musgrove Construction LLC
Construction
$1,567,441
Meridian Cooperative Inc.
Utility Technology
$961,141
Dcmc LLC
Disaster Consulting
$203,422

Mission Statement

WEST FLORIDA ELECTRIC COOPERATIVE ASSOCIATION, INC. IS IN BUSINESS TO PROVIDE ITS MEMBERS WITH A RELIABLE SOURCE OF ELECTRICITY AND OTHER RELATED, SELF-SUSTAINING SERVICES AT THE LOWEST POSSIBLE COST CONSISTENT WITH ITS EXTERNAL FINANCIAL OBLIGATIONS AND SOUND MANAGEMENT PRACTICES.

Revisions to this organization profile

August 15, 2025:
2024 West Florida Electric Cooperative Association Inc. 990 filed
November 6, 2024:
2023 West Florida Electric Cooperative Association Inc. 990 filed
August 30, 2023:
2022 West Florida Electric Cooperative Association Inc. 990 filed

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