NonprofitsPea River Electric Cooperative

Pea River Electric Cooperative

OZARK, AL

Total revenue

$56.4M

Total expenses

$54.3M

Net assets

$71.0M

Grants received

EIN

630161119

Tax year

2024

Mission

To provide the best value in quality electric and related services in southeast alabama.

Programs

1 program

The cooperative provided electric service to 14,510 members.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$54.4M
Investment income$343K
Other revenue$1.7M
Total revenue$56.4M

Expenses

Grants paid
Salaries & benefits$1.3M
Fundraising
Other expenses$51.8M
Total expenses$54.3M
Total assets$182.7M
Net assets$71.0M

People

16 listed

NameRoleCompensation

JEFFREY M HODGES

CEO

Board

$207K

60 hrs/wk

CHELSEY POLUMBO

CFO

Board

$105K

42 hrs/wk

BILLY W DANZEY

TRUSTEE

Board

$38K

10 hrs/wk

JACK EDWIN JONES JR

TRUSTEE

Board

$36K

12 hrs/wk

BRAXTON GREEN

VICE PRESIDE

Board

$32K

10 hrs/wk

LEE T PETERS

PRESIDENT

Board

$32K

8 hrs/wk

WILLIAM H STRICKLAND

SECRETARY

Board

$27K

6 hrs/wk

MICHAEL STARLING

TRUSTEE

Board

$15K

14 hrs/wk

LARRY L GRANTHAM

TRUSTEE

Board

$13K

12 hrs/wk

JAMES E MILLER

TRUSTEE

Board

$8K

8 hrs/wk

LOWELL BRISTOW

TRUSTEE

Board

$8K

8 hrs/wk

EUGENE JACKSON

ENGINEER

Staff

$177K

50 hrs/wk

BRIAN WHATLEY

VP OPERATION

Staff

$154K

55 hrs/wk

BRENDA OVERTON

VP BROADBAND

Staff

$154K

45 hrs/wk

JUSTIN BRADDY

CONSTRUCTION

Staff

$144K

53 hrs/wk

JOSHUA GERMAN

CONSTRUCTION

Staff

$136K

56 hrs/wk

Independent contractors

BROADBAND TECHNICAL RESOURCE

CONSULTING

$9.8M

SOUTHERN STATES UTILITY INC

POLE REPAIR

$3.3M

FIBERRISE COMMUNICATIONS LLC

CONSULTING

$2.1M

HTC

ROW CLEARING

$1.4M

KINGS TABLE POWERLINE SERV INC

CONSTRUCTION

$893K

Details

EIN630161119
Subsection12
Ruling date1976-07
Employees88
PEA RIVER ELECTRIC COOPERATIVE — Mission, Financials & Grants Received | Grantivo