Skip to main content
Filing year 2024

BOONE REMC

Lebanon In, Indiana·EIN 35-0188040·12
Total revenue
$76.5M
Total assets
$176.3M
Total expenses
$63.8M
Reported officers
18
Mission

PROVIDING OUR MEMBERS ENERGY-RELATED SERVICES IN A SAFE, DEPENDABLE, AND REASONABLY PRICED MANNER.

Executive compensation, broken down

Form 990 · Schedule J · 18 reported individuals · Filing year 2024

$512k
$551k
Base
$351k
Bonus
Other
Benefits
$25k
VP of Operations
vice president
$291k
$313k
Base
$176k
Bonus
Other
Benefits
$23k
VP of Engineering Services
vice president
$269k
$289k
Base
$175k
Bonus
Other
Benefits
$23k
VP of Corporate Development & Technology
vice president
$253k
$272k
Base
$184k
Bonus
Other
Benefits
$23k
VP of Corporate Services/cfo
vice president
$246k
$264k
Base
$185k
Bonus
Other
Benefits
$21k
Executive Assistant & HR Coordinator
highest compensated employee
$219k
$235k
Base
$139k
Bonus
Other
Benefits
$59k
Accounting Manager
highest compensated employee
$189k
$203k
Base
$144k
Bonus
Other
Benefits
$23k
Construction & Staking Services Coordinator
highest compensated employee
$153k
$165k
Base
$142k
Bonus
Other
Benefits
$3k
Chairman
board chair
$23k
$25k
Vice-chairman
officer (unspecified)
$22k
$23k
Director
board member
$21k
$23k
Director
board member
$19k
$20k
Secretary/treasurer
officer (unspecified)
$17k
$18k
Director
board member
$17k
$18k
Director
board member
$15k
$17k
Director
board member
$15k
$16k
Director
board member
$14k
$15k
Director
board member
$5k
$5k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Up 3%
from 2023

From $498k in 2023 to $512k in 2024.

$498k
2023
$512k
2024
In today's dollarsEst.
Roughly flat in real terms$550k to $551k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

BOONE REMC reported revenue and expenses across 2 filing years.

RevenueExpenses
$69.1M
$59M
2023
$76.5M
$63.8M
2024
Total revenue and total expenses from IRS Form 990 filings.
Free, forever
Build lists. Save your benchmarks.
A free Lucido account lets you build lists of nonprofits and save your search filters. No credit card.
Create free account
Already a member? Sign in
Build a benchmark

Compare any role, sector, or revenue band

Build your own benchmark from millions of reported positions.