NonprofitsChoptank Electric Corp

Choptank Electric Corp

DENTON, MD

Total revenue

$182.0M

Total expenses

$166.6M

Net assets

$204.8M

Grants received

EIN

520271943

Tax year

2024

Mission

Choptank electric cooperative ("cec") exists to provide reliable and cost effective electricity that improves the quality of life for our member- owners. Cec is committed to service excellence guided by the seven cooperative principles.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$180.6M
Investment income$1.0M
Other revenue$380K
Total revenue$182.0M

Expenses

Grants paid
Salaries & benefits$21.4M
Fundraising
Other expenses$134.5M
Total expenses$166.6M
Total assets$514.2M
Net assets$204.8M

People

23 listed

NameRoleCompensation

MICHEAL E MALANDRO

PRESIDENT &

Board

$709K

40 hrs/wk

PAULA J BISHOP

VP H.R.

Board

$224K

40 hrs/wk

LANCE LOCKERMAN

VP OPERATION

Board

$223K

40 hrs/wk

VALERIE CONNELLY

VP GOV. AFFA

Board

$179K

40 hrs/wk

SARAH M DAHL

VP GENERAL C

Board

$152K

40 hrs/wk

LISA DESANTIS

VP & CFO

Board

$138K

40 hrs/wk

LEROY SVERDUK

VP ENGINEERI

Board

$119K

40 hrs/wk

TIMOTHY MCGAHA

VP TECH SERV

Board

$89K

40 hrs/wk

DONNA R WEST

DIRECTOR

Board

$34K

8.21 hrs/wk

JEFFREY D RATHELL SR

DIRECTOR

Board

$27K

6.4 hrs/wk

CRAIG N MATHIES

DIRECTOR

Board

$27K

5.2 hrs/wk

DOUGLAS D SCOTT

CHAIRMAN

Board

$25K

3.66 hrs/wk

AMY I BRANDT

DIRECTOR

Board

$22K

3.67 hrs/wk

JOHN J BURKE

TREASURER

Board

$21K

3.69 hrs/wk

ROBERT B THOMPSON

DIRECTOR

Board

$21K

4.88 hrs/wk

MATTHEW HOLLOWAY

SECRETARY

Board

$20K

3.34 hrs/wk

KRISTEN NICKERSON

DIRECTOR

Board

$18K

4.05 hrs/wk

ROBERT E ARNOLD

VICE CHAIRMA

Board

$18K

3.23 hrs/wk

CHARLES GLEATON JR

CHIEF ENGINE

Staff

$173K

40 hrs/wk

NATHAN SCHREPPLER

CHIEF ENGINE

Staff

$168K

40 hrs/wk

CURTIS SHORT

MGR DISTRICT

Staff

$151K

40 hrs/wk

SHAWN SPARKS

MGR OPERATIO

Staff

$133K

40 hrs/wk

JEREMY GOLDMAN

EXC BUSINESS

Staff

$9K

40 hrs/wk

Independent contractors

UTILITY LINES CONSTRUCTION

LINE CONST.

$6.3M

ASPLUNDH TREE EXPERTS

ROW CLEARING

$4.5M

TUCKAHOE UNDERGROUND

LINE CONST.

$3.0M

DANELLA LINE SERVICES OF DELAWARE I

LINE CONST.

$2.9M

ROCK CREEK CONSTRUCTION

LINE CONST.

$2.8M

Details

EIN520271943
Subsection12
Ruling date1941-03
Formed1938
Employees189
CHOPTANK ELECTRIC CORP — Mission, Financials & Grants Received | Grantivo