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Filing year 2024

BOONE REMC

Lebanon In, Indiana·EIN 35-0188040·501(c)(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 · Part VII & Schedule J · 18 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Ceo/president
Above 90th percentile
$512k
$551k
Base
$351k
Bonus
Other
Benefits
$25k
VP of Operations
Board Vice President
75th to 90th percentile
$291k
$313k
Base
$176k
Bonus
Other
Benefits
$23k
VP of Engineering Services
Board Vice President
75th to 90th percentile
$269k
$289k
Base
$175k
Bonus
Other
Benefits
$23k
VP of Corporate Development & Technology
Board Vice President
75th to 90th percentile
$253k
$272k
Base
$184k
Bonus
Other
Benefits
$23k
VP of Corporate Services/cfo
Vice President
Above 90th percentile
$246k
$264k
Base
$185k
Bonus
Other
Benefits
$21k
Executive Assistant & HR Coordinator
Highest Compensated Employee
Median to 75th percentile
$219k
$235k
Base
$139k
Bonus
Other
Benefits
$59k
Accounting Manager
75th to 90th percentile
$189k
$203k
Base
$144k
Bonus
Other
Benefits
$23k
Construction & Staking Services Coordinator
Highest Compensated Employee
25th percentile to median
$153k
$165k
Base
$142k
Bonus
Other
Benefits
$3k
Chairman
Board Chair
25th percentile to median
$23k
$25k
Vice-chairman
Officer (Unspecified)
$22k
$23k
Director
Board Member
Median to 75th percentile
$21k
$23k
Director
Board Member
Median to 75th percentile
$19k
$20k
Secretary/treasurer
Officer (Unspecified)
$17k
$18k
Director
Board Member
Median to 75th percentile
$17k
$18k
Director
Board Member
25th percentile to median
$15k
$17k
Director
Board Member
25th percentile to median
$15k
$16k
Director
Board Member
25th percentile to median
$14k
$15k
Director
Board Member
25th percentile to median
$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.

Pay for the position

Chief Executive Officer pay rose 3% from 2023 to 2024, while revenue rose 11%.

$498k in 2023 to $512k in 2024.
  • Board Vice President pay rose 9% from 2023 to 2024.
  • Vice President pay rose 42% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

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.
FAQ

Common questions about BOONE REMC

What does the Chief Executive Officer of BOONE REMC earn?

In 2024, the Chief Executive Officer of BOONE REMC received $512,419 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at BOONE REMC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at BOONE REMC falls in the top 10%.

What are BOONE REMC's revenue and expenses?

In 2024, BOONE REMC reported $76.5M in total revenue and $63.8M in total expenses on its IRS Form 990.

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