90
Southern Maryland Electric Cooperative Inc
Public Benefit · Hughesville, Maryland
Po Box 1937, Hughesville, MD 20637-1937
EIN: 520492367· Founded: Aug 1938· 88 years active· Filing Year: 2023
Annual Revenue
$482.1M
Total Expenses
$479.6M
Total Assets
$1.2B
Program Spending
99%
of expenses go to programs
Compensation & Payroll
Total Officer Compensation
$4.5M
0.9% of total expenses
All officers, directors, and key employees combined
Other Salaries & Wages
$55.1M
Total Payroll
$59.7M
12% of total expenses
Where the Money Goes
99%
Programs: 99%
Payroll: 12%
Other overhead: 1%
Program Revenue$474.4M (98%)
Total Expenses$479.6M (99%)
Payroll$59.7M (12%)
Overhead (non-program)1%
Trust Score Breakdown
Program Spending Ratio
99% of expenses go to programs
Revenue & Stability
$482.1M annual revenue
Executive Compensation
$4.5M total officer comp (0.9% of expenses)
Filing Recency
Most recent filing: 2023
Asset Strength
$1.2B in assets
Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.