Nonprofit · EIN 52-0271943
CHOPTANK ELECTRIC CORP
Tax-exempt · DENTON, MD 21629
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $190,063,260 | $182,717,542 | $7,345,718 | $534,029,256 | $318,368,592 | $215,660,664 |
| December 31, 2024 | 990 | $181,987,587 | $166,550,159 | $15,437,428 | $514,178,827 | $309,387,699 | $204,791,128 |
| December 31, 2023 | 990 | $183,421,421 | $160,337,675 | $23,083,746 | $511,081,877 | $316,572,111 | $194,509,766 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $187,877,801
- Investment income
- $1,616,851
- Net rental income
- $78,952
- Net gain from sales of assets
- $33,202
- Net income from sales of inventory
- $66,239
- Other revenue
- $568,608
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $14,625,302
- Compensation of officers, directors and key employees
- $2,250,874
- Other salaries and wages
- $17,314,047
- Salaries, compensation and benefits (total)
- $22,609,190
- Professional fundraising fees
- $0
- Legal fees
- $49,693
- Travel
- $3,405,261
- Depreciation
- $16,805,727
Balance sheet and other
- Total assets, start of year
- $514,178,827
- Total assets, end of year
- $534,029,256
- Total liabilities, end of year
- $318,368,592
- Net assets, end of year
- $215,660,664
- Land, buildings and equipment
- $346,794,209
- Gross unrelated business income
- $1,956,388
- Gross receipts
- $190,200,058
- Employees
- 187
- Year formed
- 1938
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHEAL E MALANDRO | PRESIDENT & Officer | 29 | $479,496 | $218,725 | $84,183 |
| TIMOTHY MCGAHA | VP TECH SERV Officer | 15 | $116,984 | $231,939 | $62,253 |
| LEROY SVERDUK | VP ENGINEERI Officer | 22 | $155,151 | $168,296 | $57,917 |
| LISA DESANTIS | VP & CFO Officer | 23 | $153,074 | $107,950 | $74,831 |
| PAULA J BISHOP | VP H.R. Officer | 40 | $242,359 | $0 | $71,720 |
| VALERIE CONNELLY | VP GOV. AFFA Officer | 27 | $187,104 | $68,219 | $39,289 |
| SARAH M DAHL | VP GENERAL C Officer | 29 | $172,385 | $67,868 | $53,992 |
| LANCE LOCKERMAN | VP OPERATION Officer | 27 | $220,811 | $1,310 | $49,821 |
| SHAWN SPARKS | MGR OPERATIO Highest-paid employee | 36 | $172,494 | $17,760 | $74,497 |
| TIFFANY TRAUTMAN | DIRECTOR OF Highest-paid employee | 36 | $189,551 | $19,556 | $46,661 |
| CHARLES GLEATON JR | CHIEF ENGINE Highest-paid employee | 37 | $175,374 | $15,012 | $45,754 |
| MATTHEW TEFFEAU | MGR. GOV'T A Highest-paid employee | 29 | $185,934 | $0 | $28,138 |
| NATHAN SCHREPPLER | CHIEF ENGINE Highest-paid employee | 40 | $171,194 | $0 | $32,617 |
| DONNA R WEST | DIRECTOR Trustee or director | 9.53 | $26,700 | $18,400 | $0 |
| JOHN J BURKE | TREASURER Trustee or director, Officer | 6.63 | $24,700 | $14,400 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| JEFFREY D RATHELL SR | DIRECTOR Trustee or director | 6.69 | $21,800 | $15,400 |
| CRAIG N MATHIES | DIRECTOR Trustee or director | 3.92 | $20,200 | $14,400 |
| ROBERT B THOMPSON | DIRECTOR Trustee or director | 4.25 | $16,250 | $14,400 |
| DOUGLAS D SCOTT | CHAIRMAN Trustee or director, Officer | 3.47 | $15,100 | $14,400 |
| ROBERT E ARNOLD | VICE CHAIRMA Trustee or director, Officer | 3.8 | $13,300 | $15,400 |
| KRISTEN NICKERSON | DIRECTOR Trustee or director | 3.37 | $13,300 | $14,400 |
| AMY I BRANDT | DIRECTOR Trustee or director | 2.62 | $13,150 | $14,400 |
| MATTHEW HOLLOWAY | SECRETARY Trustee or director, Officer | 2.02 | $10,050 | $14,400 |
990 for the year ended December 31, 2024: 23 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHEAL E MALANDRO | PRESIDENT & Officer | 40 | $709,044 | $173,819 | $83,152 |
| LISA DESANTIS | VP & CFO Officer | 40 | $138,469 | $107,318 | $70,976 |
| LANCE LOCKERMAN | VP OPERATION Officer | 40 | $222,693 | $5,117 | $87,880 |
| TIMOTHY MCGAHA | VP TECH SERV Officer | 40 | $88,689 | $160,775 | $56,103 |
| LEROY SVERDUK | VP ENGINEERI Officer | 40 | $119,042 | $125,140 | $52,259 |
| PAULA J BISHOP | VP H.R. Officer | 40 | $224,295 | $495 | $67,948 |
| VALERIE CONNELLY | VP GOV. AFFA Officer | 40 | $179,494 | $61,447 | $37,457 |
| SARAH M DAHL | VP GENERAL C Officer | 40 | $152,326 | $66,228 | $51,093 |
| SHAWN SPARKS | MGR OPERATIO Highest-paid employee | 40 | $132,897 | $52,802 | $75,372 |
| CHARLES GLEATON JR | CHIEF ENGINE Highest-paid employee | 40 | $173,140 | $15,698 | $44,549 |
| CURTIS SHORT | MGR DISTRICT Highest-paid employee | 40 | $151,228 | $494 | $61,334 |
| NATHAN SCHREPPLER | CHIEF ENGINE Highest-paid employee | 40 | $168,184 | $500 | $31,728 |
| JEREMY GOLDMAN | EXC BUSINESS Highest-paid employee | 40 | $8,908 | $149,540 | $19,720 |
| DONNA R WEST | DIRECTOR Trustee or director | 8.21 | $34,400 | $7,800 | $0 |
| JEFFREY D RATHELL SR | DIRECTOR Trustee or director | 6.4 | $27,300 | $7,800 | $0 |
| CRAIG N MATHIES | DIRECTOR Trustee or director | 5.2 | $26,800 | $7,800 | $0 |
| DOUGLAS D SCOTT | CHAIRMAN Trustee or director, Officer | 3.66 | $24,700 | $7,800 | $0 |
| AMY I BRANDT | DIRECTOR Trustee or director | 3.67 | $22,000 | $7,800 | $0 |
| JOHN J BURKE | TREASURER Trustee or director, Officer | 3.69 | $21,450 | $7,800 | $0 |
| ROBERT B THOMPSON | DIRECTOR Trustee or director | 4.88 | $20,500 | $7,800 | $0 |
| MATTHEW HOLLOWAY | SECRETARY Trustee or director, Officer | 3.34 | $19,500 | $7,800 | $0 |
| KRISTEN NICKERSON | DIRECTOR Trustee or director | 4.05 | $18,200 | $7,800 | $0 |
| ROBERT E ARNOLD | VICE CHAIRMA Trustee or director, Officer | 3.23 | $18,000 | $7,800 | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHEAL E MALANDRO | PRESIDENT & Officer | 40 | $664,244 | $0 | $80,061 |
| TIMOTHY MCGAHA | VP TECH SERV Officer | 40 | $285,574 | $0 | $56,118 |
| LEROY SVERDUK | VP ENGINEERI Officer | 40 | $274,933 | $0 | $52,334 |
| LANCE LOCKERMAN | VP OPERATION Officer | 40 | $226,067 | $0 | $86,053 |
| LISA DESANTIS | VP & CFO Officer | 40 | $238,673 | $0 | $69,272 |
| PAULA J BISHOP | VP H.R. Officer | 40 | $212,326 | $0 | $65,314 |
| WILLIAM DAVIS | SUP MEMBER S Highest-paid employee | 40 | $237,630 | $0 | $38,523 |
| VALERIE CONNELLY | VP GOV. AFFA Officer | 40 | $230,753 | $0 | $35,959 |
| SARAH M DAHL | VP GENERAL C Officer | 40 | $215,984 | $0 | $49,899 |
| SHAWN SPARKS | MGR OPERATIO Highest-paid employee | 40 | $176,871 | $0 | $73,424 |
| CHARLES GLEATON JR | CHIEF ENGINE Highest-paid employee | 40 | $178,025 | $0 | $43,344 |
| NATHAN SCHREPPLER | CHIEF ENGINE Highest-paid employee | 40 | $170,540 | $0 | $31,440 |
| CURTIS SHORT | MGR DISTRICT Highest-paid employee | 40 | $139,765 | $0 | $60,113 |
| DONNA R WEST | DIRECTOR Trustee or director | 10.1 | $34,800 | $7,800 | $0 |
| JOHN J BURKE | TREASURER Trustee or director, Officer | 7.4 | $28,000 | $7,800 | $0 |
| CRAIG N MATHIES | DIRECTOR Trustee or director | 5.6 | $27,200 | $7,800 | $0 |
| JEFFREY D RATHELL SR | DIRECTOR Trustee or director | 7.4 | $27,200 | $7,800 | $0 |
| DOUGLAS D SCOTT | CHAIRMAN Trustee or director, Officer | 4.8 | $27,000 | $7,800 | $0 |
| AMY I BRANDT | DIRECTOR Trustee or director | 3.9 | $22,200 | $7,800 | $0 |
| ROBERT E ARNOLD | VICE CHAIRMA Trustee or director, Officer | 4.9 | $21,750 | $7,800 | $0 |
| MATTHEW HOLLOWAY | SECRETARY Trustee or director, Officer | 4.3 | $20,400 | $7,800 | $0 |
| ROBERT B THOMPSON | DIRECTOR Trustee or director | 4.5 | $19,400 | $7,800 | $0 |
| OLIN S DAVIS III | DIRECTOR Trustee or director | 4.6 | $13,800 | $4,550 | $0 |
| KRISTEN NICKERSON | DIRECTOR Trustee or director | 4.1 | $10,000 | $3,250 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 430, DENTON, MD 21629-0430
- Principal officer (990 for 2025)
- MICHEAL E MALANDRO, 10384 RIVER ROAD, DENTON, MD 21629
- Signed the 990
- MICHEAL E MALANDRO, PRESIDENT & CEO
- Phone
- (410) 479-0420
- Website
- WWW.CHOPTANKELECTRIC.COOP
- Return prepared by
- ADAMS JENKINS & CHEATHAM
Mission
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.
Program accomplishments
- 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. THE THREE LARGEST PROGRAM SERVICES, AS MEASURED BY EXPENSES, ARE AS FOLLOWS: COST OF POWER 101,856,537 OTHER SALARIES AND WAGES 17,314,047 DEPRECIATION 16,805,727
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 52-0271943
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1941
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $534,029,256
- Income (IRS master file)
- $190,200,058
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $190,063,260 | $182,717,542 | $534,029,256 | IRS |
| 990 | December 2024 | $181,987,587 | $166,550,159 | $514,178,827 | IRS |
| 990 | December 2023 | $183,421,421 | $160,337,675 | $511,081,877 | XML |
| 990 | December 2022 | $164,513,922 | $161,680,269 | $487,333,208 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-0271943).
Questions about CHOPTANK ELECTRIC CORP
- What is the EIN of CHOPTANK ELECTRIC CORP?
- The employer identification number (EIN) of CHOPTANK ELECTRIC CORP is 52-0271943.
- Is CHOPTANK ELECTRIC CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1941.
- Are donations to CHOPTANK ELECTRIC CORP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CHOPTANK ELECTRIC CORP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CHOPTANK ELECTRIC CORP due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHOPTANK ELECTRIC CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CHOPTANK ELECTRIC CORP?
- The 990 for the year ended December 31, 2025 names MICHEAL E MALANDRO.
- Who are the officers and directors of CHOPTANK ELECTRIC CORP?
- The 990 for the year ended December 31, 2025 lists 23 people; 23 received compensation from the organization, the highest $479,496 (MICHEAL E MALANDRO, PRESIDENT &).
- How much revenue does CHOPTANK ELECTRIC CORP have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $190,063,260, expenses of $182,717,542 and total assets of $534,029,256 at year end.
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