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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 2023. Filed on November 6, 2024.

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 2023 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 103 total employees. Among the employees shown here, the average compensation is $153,700. The highest compensated employee at West Florida Electric Cooperative Association Inc. is James T Peel with fiscal year 2023 compensation of $215,214.

Revenue, expenses, and employee compensation

Revenue

$73,858,381

Expenses

$71,025,749

Employee compensation

$3,243,449
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

James T Peel
Former Chief Executive Officer
$215,214
$185,582 No related comp$29,632
Marie Ashworth
Chief Financial Officer
$176,341
$154,042 No related comp$22,299
Derek Chadwell
Interim Chief Executive Officer
$168,606
$124,417 $14,402 $29,787
Keith Varnum
Manager - Engineering
$168,345
$146,537 No related comp$21,808
Wayne Williams
Vice President, Operations
$148,832
$127,200 No related comp$21,632
Kaleb Frost
Key Employee
$143,456
$122,339 No related comp$21,117
Luke Gates
Key Employee
$142,075
$119,893 No related comp$22,182
Donnie Worley
Safety Manager
$138,930
$117,457 No related comp$21,473
Jamie Alday
Key Employee
$138,187
$116,188 No related comp$21,999
Shawn Walling
Executive Vice President and Chief Executive Officer
$97,010
$83,195 $7,751 $6,064

Benchmark Employee Compensation

Non-Employee Board Members

Joe Rone
President
$42,844
$21,341 $21,503 No other comp
Tim Alford
Director
$20,925
$20,925 No related compNo other comp
John W Adams
Director
$19,818
$19,818 No related compNo other comp
George Owens
Director
$19,728
$19,728 No related compNo other comp
Myron Hudson
Director
$18,409
$18,409 No related compNo other comp
Randy Bush
Secretary and Treasurer
$17,901
$17,901 No related compNo other comp
Jackie Pooser
Director
$17,775
$17,775 No related compNo other comp
David Tatum
Director
$17,171
$17,171 No related compNo other comp
David Corbin
Vice President
$16,375
$16,375 No related compNo other comp

Contractors

Asplundh Tree Expert
Right of Way
$2,516,203
Musgrove Construction LLC
Construction
$1,566,658
Meridian Cooperative Inc.
Utility Technology
$849,693
Southeast Construction
Construction
$468,155
Progressive Solutions LLC
Consulting
$133,015

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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