Choptank Electric Corp

Denton, MD
Tax-exempt since March 1941
EIN: 52-0271943

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Type of Nonprofit

Designated as a 501(c)(12) Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Revenue

$183M (2023)

Expenses

$160M (2023)

Total Assets

$511M (2023)

Total Liabilities

$317M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$183,421,421

Expenses

$160,337,675

Net Income

$23,083,746

Net Assets

$194,509,766

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$182,485,696	99.5%
Investment Income	$620,371	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$67,850	0.0%
Net Fundraising	$0
Sales of Assets	$29,871	0.0%
Net Inventory Sales	$121,189	0.1%
Other Revenue	$96,444	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,095,316	1.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$15,522,899	9.7%

Assets/Debt
Total Assets	$511,081,877
Total Liabilities	$316,572,111
Net Assets	$194,509,766

Club or Co-Op Income
Income From Members	$157,734,037
Income From Other Sources	$5,958,351

Compensation

Key Employees and Officers	Compensation	Related	Other
Micheal E Malandro (President &)	$664,244	$0	$80,061
Timothy Mcgaha (Vp Tech Serv)	$285,574	$0	$56,118
Leroy Sverduk (Vp Engineeri)	$274,933	$0	$52,334
Lisa Desantis (Vp & Cfo)	$238,673	$0	$69,272
William Davis (Sup Member S)	$237,630	$0	$38,523
Valerie Connelly (Vp Gov. Affa)	$230,753	$0	$35,959
Lance Lockerman (Vp Operation)	$226,067	$0	$86,053
Sarah M Dahl (Vp General C)	$215,984	$0	$49,899
Paula J Bishop (Vp H.R.)	$212,326	$0	$65,314
Charles Gleaton Jr (Chief Engine)	$178,025	$0	$43,344
Shawn Sparks (Mgr Operatio)	$176,871	$0	$73,424
Nathan Schreppler (Chief Engine)	$170,540	$0	$31,440
Curtis Short (Mgr District)	$139,765	$0	$60,113
Donna R West (Director)	$34,800	$7,800	$0
John J Burke (Treasurer)	$28,000	$7,800	$0
Craig N Mathies (Director)	$27,200	$7,800	$0
Jeffrey D Rathell Sr (Director)	$27,200	$7,800	$0
Douglas D Scott (Chairman)	$27,000	$7,800	$0
Amy I Brandt (Director)	$22,200	$7,800	$0
Robert E Arnold (Vice Chairma)	$21,750	$7,800	$0
Matthew Holloway (Secretary)	$20,400	$7,800	$0
Robert B Thompson (Director)	$19,400	$7,800	$0
Olin S Davis Iii (Director)	$13,800	$4,550	$0
Kristen Nickerson (Director)	$10,000	$3,250	$0

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990

Filed on May 2, 2024

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Fiscal Year Ending Dec.
2022

Revenue

$164,513,922

Expenses

$161,680,269

Net Income

$2,833,653

Net Assets

$192,007,756

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$9,227	0.0%
Program Services	$164,415,602	99.9%
Investment Income	$169,903	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$75,881	0.0%
Net Fundraising	$0
Sales of Assets	$109,470	0.1%
Net Inventory Sales	$56,994	0.0%
Other Revenue	-$323,155

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,907,038	1.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$14,169,220	8.8%

Assets/Debt
Total Assets	$487,333,208
Total Liabilities	$295,325,452
Net Assets	$192,007,756

Club or Co-Op Income
Income From Members	$159,716,778
Income From Other Sources	$5,966,650

Compensation

Key Employees and Officers	Compensation	Related	Other
Micheal E Malandro (President &)	$650,618	$0	$73,782
Timothy Mcgaha (Vp Tech Serv)	$249,094	$0	$54,506
Leroy Sverduk (Vp Engineeri)	$220,461	$0	$49,342
Lisa Desantis (Vp & Cfo)	$219,934	$0	$65,210
Valerie Connelly (Vp Gov. Affa)	$213,093	$0	$34,105
Lance Lockerman (Vp Operation)	$203,691	$0	$81,934
Sarah M Dahl (Vp General C)	$202,901	$0	$48,329
Paula J Bishop (Vp H.R.)	$199,408	$0	$61,231
Shawn Sparks (Mgr Operatio)	$169,843	$0	$70,757
Charles Gleaton Jr (Chief Engine)	$160,171	$0	$35,559
Nathan Schreppler (Chief Engine)	$149,355	$0	$29,270
Curtis Short (Mgr District)	$132,139	$0	$64,966
Robert Dean (Mgr Distrct)	$130,425	$0	$47,713
Jeffrey D Rathell Sr (Chairman)	$39,200	$0	$0
Donna R West (Director)	$38,200	$0	$0
Craig N Mathies (Director)	$31,400	$0	$0
John J Burke Jr (Vice Chairma)	$29,200	$0	$0
Robert E Arnold (Secretary)	$26,600	$0	$0
Amy I Brandt (Director)	$25,600	$0	$0
Matthew R Holloway (Director)	$23,200	$0	$0
Douglas D Scott (Secretary/Tr)	$22,600	$0	$0
Olin S Davis Iii (Director)	$22,400	$0	$0
Robert B Thompson (Director)	$21,000	$0	$0

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990

Filed on May 15, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$137,215,364

Expenses

$137,631,953

Net Income

-$416,589

Net Assets

$166,453,155

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$136,989,515	99.8%
Investment Income	$88,836	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$78,429	0.1%
Net Fundraising	$0
Sales of Assets	-$710,793
Net Inventory Sales	$33,359	0.0%
Other Revenue	$736,018	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,920,766	2.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$13,387,783	9.7%

Assets/Debt
Total Assets	$432,450,863
Total Liabilities	$265,997,708
Net Assets	$166,453,155

Club or Co-Op Income
Income From Members	$134,613,460
Income From Other Sources	$5,419,698

Compensation

Key Employees and Officers	Compensation	Related	Other
Micheal E Malandro (President &)	$535,471	$0	$69,689
Thomas Tyndall Iii (Vp Member Se)	$220,998	$0	$72,241
Lisa Desantis (Cfo & Vp Co)	$212,248	$0	$62,511
Timothy Mcgaha (Vp Tech Serv)	$211,568	$0	$50,416
Valerie Connelly (Vp Gov. Affa)	$205,094	$0	$32,677
Lance Lockerman (Vp Operation)	$202,054	$0	$78,920
Paula J Bishop (Vp H.R.)	$197,935	$0	$59,087
Leroy Sverduk (Vp Engineeri)	$188,555	$0	$45,061
Sarah M Dahl (General Coun)	$167,175	$0	$43,416
Nathan Schreppler (Chief Engine)	$144,414	$0	$27,857
Shawn Sparks (Mgr Operatio)	$141,205	$0	$64,041
Thomas Filewicz (Mgr District)	$130,641	$0	$58,299
Curtis Short (Mgr District)	$130,350	$0	$63,085
Robert Dean (Mgr Distrct)	$126,009	$0	$46,037
Jeffrey D Rathell Sr (Chairman)	$41,400	$0	$0
Donna R West (Director)	$37,000	$0	$0
Craig N Mathies (Director)	$33,600	$0	$0
John J Burke Jr (Vice Chairma)	$23,600	$0	$0
Amy I Brandt (Director)	$23,400	$0	$0
Olin S Davis Iii (Director)	$22,800	$0	$0
Robert B Thompson (Director)	$21,800	$0	$0
Douglas D Scott (Treasurer)	$21,650	$0	$0
Robert E Arnold (Secretary)	$21,000	$0	$0
Matthew R Holloway (Director)	$19,400	$0	$0

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990

Filed on July 28, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$137,390,491

Expenses

$136,653,768

Net Income

$736,723

Net Assets

$174,549,752

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$136,886,390	99.6%
Investment Income	$87,082	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$82,306	0.1%
Net Fundraising	$0
Sales of Assets	$100,051	0.1%
Net Inventory Sales	$52,020	0.0%
Other Revenue	$182,642	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,006,615	2.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$14,112,599	10.3%

Assets/Debt
Total Assets	$425,098,589
Total Liabilities	$250,548,837
Net Assets	$174,549,752

Club or Co-Op Income
Income From Members	$134,470,000
Income From Other Sources	$3,139,060

Compensation

Key Employees and Officers	Compensation	Related	Other
Micheal E Malandro (President &)	$514,695	$0	$147,914
Cecil Criss Iii (Sr Electrica)	$216,851	$0	$29,508
Valerie Connelly (Vp Gov. Affa)	$207,775	$0	$17,539
Timothy Mcgaha (Vp Tech Serv)	$203,830	$0	$53,804
Lance Lockerman (Vp Operation)	$202,473	$0	$141,732
Paula J Bishop (Vp H.R.)	$188,420	$0	$96,874
Leroy Sverduk (Vp Engineeri)	$188,381	$0	$42,523
Lisa Desantis (Vp Cfo)	$187,685	$0	$100,562
Thomas Tyndall Iii (Vp Member Se)	$155,248	$0	$100,945
Sarah M Dahl (General Coun)	$147,802	$0	$39,813
Joseph Shortall (Mgr Bus App)	$147,723	$0	$89,752
Shawn Sparks (Mgr Opt Serv)	$139,700	$0	$81,653
Nathan Schreppler (Chief Engine)	$135,673	$0	$25,485
William Andrews Jr (Supvs Of Con)	$134,964	$0	$44,083
Jeffrey D Rathell Sr (Chairman)	$33,000	$0	$0
Donna R West (Director)	$30,400	$0	$0
Craig N Mathies (Director)	$28,400	$0	$0
Amy I Brandt (Director)	$27,800	$0	$0
John J Burke Jr (Vice Chairma)	$27,400	$0	$0
Olin S Davis Iii (Director)	$26,800	$0	$0
Robert B Thompson (Director)	$25,800	$0	$0
Robert E Arnold (Asst. Sec. /)	$23,400	$0	$0
Matthew R Holloway (Director)	$22,800	$0	$0
Douglas D Scott (Sec. / Treas)	$22,800	$0	$0

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990

Filed on May 18, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$149,707,367

Expenses

$148,797,799

Net Income

$909,568

Net Assets

$170,475,407

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$149,049,709	99.6%
Investment Income	$78,106	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$74,790	0.0%
Net Fundraising	$0
Sales of Assets	$291,076	0.2%
Net Inventory Sales	$34,211	0.0%
Other Revenue	$179,475	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,122,332	1.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$13,314,864	8.9%

Assets/Debt
Total Assets	$418,966,377
Total Liabilities	$248,490,970
Net Assets	$170,475,407

Club or Co-Op Income
Income From Members	$146,151,572
Income From Other Sources	$3,817,187

Compensation

Key Employees and Officers	Compensation	Related	Other
Micheal Malandro (President &)	$290,064	$0	$28,873
Todd Bireley (Vp Eng Svcs)	$229,571	$0	$20,320
Michael I Wheatley (Pres Until 3)	$210,687	$0	$7,731
Paula Bishop (Vp H.R.)	$153,954	$0	$56,064
Lisa Desantis (Vp Corp Srv)	$152,677	$0	$62,347
Lance Lockerman (Vp Operation)	$148,688	$0	$85,098
Joseph Shortall (Mgr Bus App)	$136,917	$0	$74,483
Wilhelm Retzlaff (Dist Automat)	$130,254	$0	$52,946
Cecil Criss Iii (Sr Electrica)	$129,839	$0	$72,144
David Lewis (Manager Rsc)	$129,567	$0	$65,709
Thomas Filewicz (Mgr Regional)	$124,228	$0	$62,638
Sarah Dahl (General Coun)	$102,546	$0	$22,787
Valerie Connelly (Vp Gov. Affa)	$87,514	$0	$2,655
Timothy Mcgaha (Vp Technical)	$85,422	$0	$16,091
Leroy Sverduk (Vp Engineeri)	$47,263	$0	$7,580
Jeffrey D Rathell Sr (Chairman)	$46,850	$0	$0
Donna West (Director)	$36,200	$0	$0
Olin S Davis Iii (Director)	$35,800	$0	$0
John J Burke Jr (Vice Chairma)	$32,650	$0	$0
Douglas D Scott (Sec. / Treas)	$31,250	$0	$0
Robert Thompson (Director)	$29,850	$0	$0
Matthew Holloway (Director)	$26,400	$0	$0
Robert E Arnold (Ast. Sec. /)	$26,200	$0	$0
Amy Brandt (Director)	$15,800	$0	$0
Carl R Widdowson (Director)	$13,000	$0	$0
See filing for compensation of 2 other people →

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990

Filed on Sept. 16, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$149,387,265

Expenses

$148,262,971

Net Income

$1,124,294

Net Assets

$155,926,318

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$148,577,997	99.5%
Investment Income	$95,650	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$64,016	0.0%
Net Fundraising	$0
Sales of Assets	$194,086	0.1%
Net Inventory Sales	$35,520	0.0%
Other Revenue	$419,996	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,905,568	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$21,594,438	14.6%

Assets/Debt
Total Assets	$411,092,213
Total Liabilities	$255,165,895
Net Assets	$155,926,318

Club or Co-Op Income
Income From Members	$146,014,378
Income From Other Sources	$4,285,827

Compensation

Key Employees and Officers	Compensation	Related	Other
Michael I Wheatley (President &)	$311,193	$0	$97,929
Robert P Behlke (Vp Member Af)	$187,351	$0	$115,138
Todd Bireley (Vp Eng Svcs)	$170,967	$0	$103,572
Lance Lockerman (Vp Operation)	$139,582	$0	$105,060
Lisa Desantis (Vp Corp Srv)	$136,424	$0	$61,587
Paula Bishop (Vp H.R.)	$132,901	$0	$57,114
Joseph Shortall (Manager Info)	$131,394	$0	$76,055
David Lewis (Mgr Regional)	$126,296	$0	$66,191
Wilhelm Retzlaff (Proj. Engine)	$126,280	$0	$40,897
Cecil Criss Iii (Sr. Electric)	$121,652	$0	$72,366
William Andrews Jr (Supervisor)	$121,299	$0	$69,126
John J Burke Jr (Vice Chairma)	$39,850	$0	$0
Jeffrey D Rathell Sr (Chairman)	$37,800	$0	$0
Olin S Davis Iii (Director)	$35,400	$0	$0
Douglas D Scott (Sect. / Trea)	$33,000	$0	$0
Robert Thompson (Director)	$28,000	$0	$0
Robert E Arnold (Director)	$26,400	$0	$0
Francis A Callahan Jr (Director)	$24,200	$0	$0
Matthew Holloway (Director)	$21,600	$0	$0
Carl R Widdowson (Director)	$18,000	$0	$0
David W Bruning (Director)	$15,500	$0	$0
Donna West (Director)	$7,000	$0	$0

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990

Filed on Nov. 13, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$126,994,626

Expenses

$125,617,863

Net Income

$1,376,763

Net Assets

$145,705,103

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$126,601,683	99.7%
Investment Income	$89,915	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$60,362	0.0%
Net Fundraising	$0
Sales of Assets	$61,009	0.0%
Net Inventory Sales	$23,448	0.0%
Other Revenue	$158,209	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,768,922	1.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$12,689,418	10.1%

Assets/Debt
Total Assets	$400,688,924
Total Liabilities	$254,983,821
Net Assets	$145,705,103

Club or Co-Op Income
Income From Members	$122,076,779
Income From Other Sources	$4,785,103

Compensation

Key Employees and Officers	Compensation	Related	Other
Michael I Wheatley (President &)	$310,582	$0	$58,533
Robert P Behlke (Vp Member Af)	$178,586	$0	$122,937
Todd Bireley (Vp Eng Svcs)	$160,305	$0	$88,428
Lisa Desantis (Vp Corp Srv)	$134,850	$0	$52,680
Lance Lockerman (Vp Operation)	$134,379	$0	$92,618
Paula Bishop (Vp H.R.)	$128,435	$0	$52,489
Joseph Shortall (Manager Info)	$127,463	$0	$68,158
Wilhelm Retzlaff (Proj. Engine)	$124,728	$0	$39,231
David Lewis (Mgr Regional)	$123,933	$0	$59,068
Cecil Criss Iii (Sr. Electric)	$117,798	$0	$64,911
William Andrews Jr (Supervisor)	$117,187	$0	$64,238
Olin S Davis Iii (Chairman)	$37,425	$0	$0
John J Burke Jr (Sect. / Trea)	$35,475	$0	$0
Robert E Arnold (Director)	$30,325	$0	$0
Jeffrey D Rathell Sr (Vice Chairma)	$26,325	$0	$0
Francis A Callahan Jr (Director)	$26,175	$0	$0
Matthew Holloway (Director)	$22,975	$0	$0
Carl R Widdowson (Director)	$21,600	$0	$0
Douglas D Scott (Director)	$21,600	$0	$0
David W Bruning (Director)	$18,000	$0	$0
Robert Thompson (Director)	$14,200	$0	$0

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990

Filed on Nov. 14, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$135,505,036

Expenses

$132,830,201

Net Income

$2,674,835

Net Assets

$126,396,858

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$133,743,454	98.7%
Investment Income	$228,201	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$40,180	0.0%
Net Fundraising	$0
Sales of Assets	$973,781	0.7%
Net Inventory Sales	$21,012	0.0%
Other Revenue	$498,408	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,826,517	1.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$12,532,427	9.4%

Assets/Debt
Total Assets	$376,586,136
Total Liabilities	$250,189,278
Net Assets	$126,396,858

Club or Co-Op Income
Income From Members	$130,240,137
Income From Other Sources	$6,106,528

Compensation

Key Employees and Officers	Compensation	Related	Other
Michael I Wheatley (President & Ceo)	$288,320	$0	$178,565
Robert P Behlke (Vp Cust. Affair)	$173,693	$0	$116,873
Todd Bireley (Vp Eng Svcs)	$155,050	$0	$80,886
Lance Lockerman (Vp Operations)	$129,540	$0	$103,492
Joseph Shortall (Manager Info Serv.)	$128,196	$0	$62,691
Paula Bishop (Vp H.R.)	$123,360	$0	$49,108
Lisa Desantis (Vp Corp Srv)	$121,320	$0	$48,760
Will Retzlaff (Proj. Engineer)	$121,009	$0	$38,066
Shawn Sparks (Mgr Operating Svcs)	$119,095	$0	$57,136
David Lewis (Mgr Regional Oper.)	$117,687	$0	$49,085
William Andrews Jr (Supervisor)	$117,176	$0	$59,010
John J Burke Jr (Sect. / Treas.)	$33,750	$0	$0
Jeffrey D Rathell Sr (Vice Chairman)	$31,500	$0	$0
Olin S Davis Iii (Chairman)	$27,875	$0	$0
Francis A Callahan Jr (Director)	$26,700	$0	$0
Douglas D Scott (Director)	$24,525	$0	$0
Carl R Widdowson (Director)	$24,125	$0	$0
Francis A Ruffo Sr (Director)	$23,925	$0	$0
Matthew Holloway (Director)	$22,300	$0	$0
David W Bruning (Director)	$22,000	$0	$0
Robert E Arnold (Director)	$20,850	$0	$0

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990

Filed on Nov. 15, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$141,880,587

Expenses

$141,106,305

Net Income

$774,282

Net Assets

$120,241,385

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$139,157,151	98.1%
Investment Income	$87,501	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$45,636	0.0%
Net Fundraising	$0
Sales of Assets	$12,222	0.0%
Net Inventory Sales	$51,517	0.0%
Other Revenue	$2,526,560	1.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,762,633	1.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$12,043,900	8.5%

Assets/Debt
Total Assets	$364,408,512
Total Liabilities	$244,167,127
Net Assets	$120,241,385

Club or Co-Op Income
Income From Members	$139,157,151
Income From Other Sources	$2,729,488

Compensation

Key Employees and Officers	Compensation	Related	Other
Michael I Wheatley (President & Ceo)	$286,609	$0	$171,595
Robert P Behlke (Vp Cust. Affair)	$180,359	$0	$108,586
Todd Bireley (Vp Eng Svcs)	$154,855	$0	$73,156
Lance Lockerman (Vp Operations)	$129,803	$0	$93,188
Joseph Shortall (Manager Info Serv.)	$125,847	$0	$58,591
Will Retzlaff (Proj. Engineer)	$122,840	$0	$37,823
Michael Woodward (Admins Of Safety)	$119,990	$0	$45,535
Paula Bishop (Vp H.R.)	$119,531	$0	$43,831
David Lewis (Mgr Regional Oper.)	$116,621	$0	$45,682
Harold Sise (Member Ser Mgr)	$115,924	$0	$61,788
Lisa De Santis (Vp Corp Srv)	$107,944	$0	$38,576
John J Burke Jr (Sect. / Treas.)	$31,600	$0	$0
Olin S Davis Iii (Chairman)	$27,575	$0	$0
Jeffrey D Rathell Sr (Vice Chairman)	$26,725	$0	$0
Francis A Callahan Jr (Director)	$25,850	$0	$0
Robert E Arnold (Director)	$25,525	$0	$0
Carl R Widdowson (Director)	$24,925	$0	$0
Francis A Ruffo Sr (Director)	$24,850	$0	$0
Douglas D Scott (Director)	$23,725	$0	$0
David W Bruning (Director)	$22,925	$0	$0
Matthew Holloway (Director)	$20,900	$0	$0

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990

Filed on Nov. 14, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$127,897,729

Expenses

$127,014,064

Net Income

$883,665

Net Assets

$116,417,517

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$125,099,156	97.8%
Investment Income	$136,646	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$44,475	0.0%
Net Fundraising	$0
Sales of Assets	$133,613	0.1%
Net Inventory Sales	$20,705	0.0%
Other Revenue	$2,463,134	1.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,436,811	1.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$11,840,939	9.3%

Assets/Debt
Total Assets	$346,042,062
Total Liabilities	$229,624,545
Net Assets	$116,417,517

Club or Co-Op Income
Income From Members	$125,099,156
Income From Other Sources	$2,827,583

Compensation

Key Employees and Officers	Compensation	Related	Other
Michael I Wheatley (President & Ceo)	$261,260	$0	$144,571
Robert P Behlke (Vp Cust. Affair)	$162,413	$0	$104,396
Todd Bireley (Vp Eng Svcs)	$132,766	$0	$50,805
Bret Shortall (Manager Info Serv.)	$117,133	$0	$50,234
Michael Woodward (Admins Of Safety)	$115,854	$0	$43,711
Lance Lockerman (Vp Dist. Serv.)	$114,750	$0	$69,153
William R Ferguson Sr (Controller)	$113,878	$0	$45,919
Will Retzlaff (Proj. Engineer)	$113,547	$0	$35,840
David Lewis (Mgr Regional Oper.)	$107,931	$0	$38,514
Harold Sise (Member Ser Mgr)	$107,381	$0	$53,565
Olin S Davis Iii (Chairman)	$29,975	$0	$0
John J Burke Jr (Sect. / Treas.)	$29,625	$0	$0
Francis A Callahan Jr (Director)	$26,350	$0	$0
Carl R Widdowson (Director)	$25,375	$0	$0
Jeffrey D Rathell Sr (Vice Chairman)	$24,575	$0	$0
Douglas D Scott (Director)	$23,050	$0	$0
Francis A Ruffo Sr (Director)	$22,050	$0	$0
David W Bruning (Director)	$19,725	$0	$0
Robert E Arnold (Director)	$19,325	$0	$0
Peggy D Trader (Director)	$12,250	$0	$0
Matthew Holloway (Director)	$4,600	$0	$0

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990

Filed on Nov. 16, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$126,628,452

Expenses

$124,093,778

Net Income

$2,534,674

Net Assets

$118,386,702

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$122,299,087	96.6%
Investment Income	$1,277,614	1.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$70,556	0.1%
Net Fundraising	$0
Sales of Assets	$204,505	0.2%
Net Inventory Sales	$34,393	0.0%
Other Revenue	$2,742,297	2.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,548,753	1.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$11,476,925	9.2%

Assets/Debt
Total Assets	$337,893,303
Total Liabilities	$219,506,601
Net Assets	$118,386,702

Club or Co-Op Income
Income From Members	$122,299,087
Income From Other Sources	$4,099,226

Compensation

Key Employees and Officers	Compensation	Related	Other
Michael I Wheatley (President & Ceo)	$245,829	$0	$141,229
Robert P Behlke (Vp Cust. Affair)	$156,433	$0	$119,497
Will Retzlaff (Proj. Engineer)	$118,904	$0	$36,933
Garland Turner (Vp Dist. Serv.)	$118,729	$0	$7,016
Todd Bireley (Vp Eng Svcs)	$117,753	$0	$45,422
Bret Shortall (Manager Info Serv.)	$112,816	$0	$52,676
Michael Woodward (Admins Of Safety)	$112,467	$0	$47,833
William R Ferguson Sr (Controller)	$109,644	$0	$44,899
Lance Lockerman (Vp Dist. Serv.)	$107,013	$0	$58,864
James Harvey (Oper. Line Trainer)	$104,144	$0	$47,188
David Lewis (Mgr Regional Oper.)	$103,690	$0	$41,566
Carl R Widdowson (Director)	$39,250	$0	$0
John J Burke Jr (Sect. / Treas.)	$31,125	$0	$0
Jeffrey D Rathell Sr (Vice Chairman)	$30,025	$0	$0
Douglas D Scott (Director)	$28,100	$0	$0
Olin S Davis Iii (Chairman)	$27,300	$0	$0
Francis A Callahan Jr (Director)	$26,900	$0	$0
Robert E Arnold (Director)	$24,800	$0	$0
Francis A Ruffo Sr (Director)	$24,650	$0	$0
David W Bruning (Director)	$22,325	$0	$0
Peggy D Trader (Director)	$21,950	$0	$0

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990

Filed on Nov. 12, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$122,652,025

Expenses

$122,793,502

Net Income

-$141,477

Net Assets

$109,651,612

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$121,033,203	98.7%
Investment Income	$253,566	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$41,299	0.0%
Net Fundraising	$0
Sales of Assets	-$54,758
Net Inventory Sales	$21,644	0.0%
Other Revenue	$1,357,071	1.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,218,071	1.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$11,792,431	9.6%

Assets/Debt
Total Assets	$332,807,877
Total Liabilities	$223,156,265
Net Assets	$109,651,612

Club or Co-Op Income
Income From Members	$121,033,203
Income From Other Sources	$2,533,797

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$128,963,660

Expenses

$128,914,918

Net Income

$48,742

Net Assets

$107,137,997

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$126,852,329	98.4%
Investment Income	$293,483	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$51,172	0.0%
Net Fundraising	$0
Sales of Assets	$76,174	0.1%
Net Inventory Sales	$19,530	0.0%
Other Revenue	$1,670,972	1.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,073,107	1.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$10,517,638	8.2%

Assets/Debt
Total Assets	$322,559,036
Total Liabilities	$215,421,039
Net Assets	$107,137,997

Club or Co-Op Income
Income From Members	$126,852,329
Income From Other Sources	$2,784,444

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated November 21, 2024

Choptank Electric Corp

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $183M (2023)

Expenses $160M (2023)

Total Assets $511M (2023)

Total Liabilities $317M (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Revenue

$183M (2023)

Expenses

$160M (2023)

Total Assets

$511M (2023)

Total Liabilities

$317M (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004