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WEST FLORIDA ELECTRIC COOPERATIVE ASSO INC
WEST FLORIDA ELECTRIC COOPERATIVE ASSO INC
FL · EIN 590504115
33
Executives Disclosed
$78.5M
Annual Revenue
$174.0M
Total Assets
1.7:1
Internal Pay Ratio
WEST FLORIDA ELECTRIC COOPERATIVE ASSO INC has 33 executives with disclosed compensation. The highest-paid executive, Keith Varnum (MANAGER - ENGINEERING), received peak total compensation of $347,081.
Top Executive Compensation Over Time
Executive Compensation
| Name | Title | Peak Comp. | Latest Comp. | Years | vs. Household |
|---|---|---|---|---|---|
| Keith Varnum | MANAGER - ENGINEERING | $347K | $244K | 2016–2024 | 4.6x |
| Marie Ashworth | CFO | $318K | $0 | 2017–2024 | 4.2x |
| Shawn Walling | FORMER EXECUTIVE VP & CEO | $286K | $302K | 2023–2024 | 3.8x |
| Penny Bryan | VP OF ADMINISTRATION | $284K | $284K | 2024–2024 | 3.8x |
| Russell Dunaway | PREVIOUS CEO | $238K | $0 | 2016–2020 | 3.2x |
| James T Peel | FORMER CEO | $227K | $215K | 2016–2023 | 3x |
| James Efurd | CHIEF INFORMATION OFFICER | $224K | $224K | 2024–2024 | 3x |
| Kevin Nelson | KEY EMPLOYEE | $189K | $189K | 2022–2024 | 2.5x |
| Jonathan Love | KEY EMPLOYEE | $180K | $180K | 2024–2024 | 2.4x |
| Wesley Duboise | KEY EMPLOYEE | $179K | $179K | 2020–2024 | 2.4x |
| Debra Kamke | MGR., PERSONNEL & BENEFITS | $177K | $177K | 2020–2021 | 2.4x |
| Wayne Williams | INTERIM EXECUTIVE VP & CEO | $167K | $172K | 2020–2024 | 2.2x |
| Luke Gates | KEY EMPLOYEE | $162K | $162K | 2023–2024 | 2.2x |
| Derek Chadwell | INTERIM CEO | $154K | $169K | 2021–2023 | 2.1x |
| Kaleb Frost | KEY EMPLOYEE | $143K | $0 | 2023–2024 | 1.9x |
| Donnie Worley | SAFETY MANAGER | $139K | $0 | 2018–2024 | 1.9x |
| Jamie Alday | KEY EMPLOYEE | $138K | $0 | 2023–2024 | 1.8x |
| Jonathan T Love | KEY EMPLOYEE | $133K | $0 | 2022–2022 | 1.8x |
| Aubrey Rustin | LINE CREW LEADER | $129K | $0 | 2020–2020 | 1.7x |
| Jason Blanton | KEY EMPLOYEE | $87K | $0 | 2022–2022 | 1.2x |
| Randy Bush | DIRECTOR | $30K | $0 | 2016–2024 | 0.4x |
| Ellis Nichols | DIRECTOR | $27K | $0 | 2016–2017 | 0.4x |
| Myron Hudson | SECRETARY-TREASURER | $25K | $0 | 2016–2024 | 0.3x |
| John W Adams | DIRECTOR | $23K | $0 | 2016–2024 | 0.3x |
| Joe Rone | PRESIDENT | $23K | $0 | 2016–2023 | 0.3x |
| George Owens | DIRECTOR | $22K | $0 | 2016–2024 | 0.3x |
| Tim Alford | PRESIDENT | $21K | $0 | 2017–2024 | 0.3x |
| Jackie Pooser | DIRECTOR | $20K | $0 | 2019–2024 | 0.3x |
| John C Patrick | DIRECTOR | $19K | $0 | 2016–2018 | 0.3x |
| David Tatum | DIRECTOR | $19K | $0 | 2018–2024 | 0.2x |
| David Corbin | VICE PRESIDENT | $16K | $0 | 2019–2024 | 0.2x |
| Melissa Dawn Erickson | DIRECTOR | $14K | $0 | 2024–2024 | 0.2x |
| Eugene Alford | DIRECTOR | $13K | $0 | 2016–2017 | 0.2x |
Annual Summary
| Year | Executives | Avg. Comp. | Highest Comp. | Total Payroll |
|---|---|---|---|---|
| 2016 | 11 | $213K | $250K | $426K |
| 2017 | 12 | $214K | $252K | $855K |
| 2018 | 13 | $209K | $255K | $627K |
| 2019 | 14 | $299K | $347K | $897K |
| 2020 | 17 | $263K | $343K | $1.1M |
| 2021 | 16 | $217K | $243K | $652K |
| 2022 | 18 | $188K | $243K | $563K |
| 2023 | 19 | $182K | $215K | $729K |
| 2024 | 22 | $215K | $302K | $1.9M |
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