Old Dominion Electric Cooperative
Glen Allen, VA · EIN 23-7048405 · Rank 580 by total revenue
Provide wholesale power to member cooperatives
Money, Form 990 for tax year 2024
- Total revenue
- $1,135,612,072
- Total expenses
- $1,130,136,645
- Total assets
- $2,157,905,640
- Salary base (all salaries and wages)
- $16,677,615
- Salaries, other pay and benefits
- $22,620,410
- Employees
- 151
- Salary base per employee
- $110,448
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (31)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| John C Lee Jr | PRESIDENT & CEO | Officer | 40 | $1,575,643 |
| Bryan S Rogers | SR. VP & CFO | Officer | 40 | $1,011,807 |
| Kirk D Johnson | SR VP MEMBER ENGAGEMENT-ENDED 11/24 | Officer | 40 | $739,570 |
| Christopher F Cosby | CHIEF OPERATING OFFICER | Officer | 40 | $735,587 |
| John M Robb | SVP CHIEF LEGAL OFFICER | Officer | 40 | $456,951 |
| Michael C Wise | SR. VP POWER SUPPLY | Officer | 40 | $443,720 |
| Andrew Vehorn | SR VP MEMBER ENGAGEMENT-START 12/24 | Officer | 40 | $6,764 |
| Steve A Harmon | CHAIRMAN | Board, Officer | 6 | None reported |
| Micheal E Malandro | VICE CHAIRMAN | Board, Officer | 6 | None reported |
| Gregory S Rogers | SECRETARY/TREASURER | Board, Officer | 6 | None reported |
| Paul H Brown | BOARD MEMBER | Board | 9 | $52,750 |
| Michael K Brown | BOARD MEMBER | Board | 6 | $52,500 |
| John J Burke Jr | BOARD MEMBER | Board | 6 | $51,800 |
| Keith L Swisher | BOARD MEMBER | Board | 6 | $51,800 |
| Suzanne S Obenshain | BOARD MEMBER | Board | 6 | $51,450 |
| Chad N Fowler | BOARD MEMBER | Board | 6 | $51,100 |
| E Garrison Drummond | BOARD MEMBER | Board | 6 | $50,750 |
| Jesse R Thomas | BOARD MEMBER | Board | 6 | $50,400 |
| Hunter R Greenlaw Jr | BOARD MEMBER - ENDED 9/15/24 | Board | 6 | $40,250 |
| Earl C Currin Jr | BOARD MEMBER - ENDED 8/19/24 | Board | 7 | $33,600 |
| David J Jones | BOARD MEMBER - ENDED 07/30/24 | Board | 6 | $30,050 |
| Franklin B Myers | BOARD MEMBER - STARTED 07/30/24 | Board | 6 | $25,900 |
| William T White | BOARD MEMBER - STARTED 10/08/24 | Board | 6 | $13,650 |
| Robert A Book II | BOARD MEMBER | Board | 6 | None reported |
| William K Buchanan | BOARD MEMBER | Board | 6 | None reported |
| John D Hewa Jr | BOARD MEMBER | Board | 6 | None reported |
| Bradley H Hicks | BOARD MEMBER | Board | 6 | None reported |
| Jason C Loehr | BOARD MEMBER | Board | 6 | None reported |
| Casey J Logan | BOARD MEMBER - STARTED 03/12/24 | Board | 6 | None reported |
| Belvin Willamson Jr | BOARD MEMBER | Board | 6 | None reported |
| Sarat K Yellepeddi | BOARD MEMBER | Board | 6 | None reported |
Top 10 paid people listed
These 10 people received $6,786,858, which is 40.7% of the $16,677,615 salary base shared by 151 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| John C Lee Jr | PRESIDENT & CEO | Officer | 40 | $1,575,643 | $0 | $0 | $1,575,643 |
| Bryan S Rogers | SR. VP & CFO | Officer | 40 | $536,450 | $0 | $475,357 | $1,011,807 |
| Kirk D Johnson | SR VP MEMBER ENGAGEMENT-ENDED 11/24 | Officer | 40 | $501,350 | $0 | $238,220 | $739,570 |
| Christopher F Cosby | CHIEF OPERATING OFFICER | Officer | 40 | $488,647 | $0 | $246,940 | $735,587 |
| Lynn A Maloney | VP INVESTOR RELATIONS | Highly paid employee | 40 | $242,328 | $0 | $240,249 | $482,577 |
| Daniel B Klose | VP POWER SUPPLY | Highly paid employee | 40 | $280,345 | $0 | $192,069 | $472,414 |
| John M Robb | SVP CHIEF LEGAL OFFICER | Officer | 40 | $350,411 | $0 | $106,540 | $456,951 |
| Michael C Wise | SR. VP POWER SUPPLY | Officer | 40 | $269,021 | $0 | $174,699 | $443,720 |
| Kevin C Miller | VP ENGINEERING | Highly paid employee | 40 | $240,801 | $0 | $197,649 | $438,450 |
| Wiliam J Pezalla | VP REGULATORY AFFAIRS | Highly paid employee | 40 | $242,932 | $0 | $187,207 | $430,139 |
Sources
- IRS e-file return 202523219349307652 (Form 990, period ending 2024-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 23-7048405
- Organization website (as filed): www.odec.com