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Filing year 2024

CANAAN UTILITIES CORPORATION

Canaan, Indiana·EIN 35-1163038·501(c)(12)
Total revenue
$1.1M
Total assets
$5.1M
Total expenses
$1M
Reported officers
12
Mission

PROVIDING WATER TO RURAL CUSTOMERS.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 9 reported individuals · Filing year 2024

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

President
Former Officer/director/trustee
Below 10th percentile
$2k
$3k
Base
$2k
Bonus
—
Other
—
Benefits
—
Secretarytreasurer
Former Officer/director/trustee
Below 10th percentile
$2k
$2k
Base
$2k
Bonus
—
Other
—
Benefits
—
President
Below 10th percentile
$2k
$2k
Vice President
10th to 25th percentile
$2k
$2k
Director
Board Member
10th to 25th percentile
$2k
$2k
Secretary-treasurer
Officer (Unspecified)
$2k
$2k
Director
Board Member
10th to 25th percentile
$2k
$2k
Director
Board Member
10th to 25th percentile
$2k
$2k
Director
Board Member
10th to 25th percentile
$2k
$2k

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.

Plus 3 unpaid individuals.

Pay for the position

Former Officer/director/trustee pay rose 433% from 2023 to 2024, while revenue held roughly steady.

$450 in 2023 to $2k in 2024.
  • Chief Executive Officer pay rose 5% from 2023 to 2024.
  • Vice President pay rose 33% from 2023 to 2024.

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

Financial trend

Revenue and expenses over time

CANAAN UTILITIES CORPORATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$1.1M
$822k
2023
$1.1M
$1M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about CANAAN UTILITIES CORPORATION

What does the Former Officer/director/trustee of CANAAN UTILITIES CORPORATION earn?

In 2024, the Former Officer/director/trustee of CANAAN UTILITIES CORPORATION received $2,400 in total compensation. This pay is in the bottom 10% for Former Officer/director/trustee roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report more. Based on IRS Form 990 data.

How does Former Officer/director/trustee pay at CANAAN UTILITIES CORPORATION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Former Officer/director/trustee at CANAAN UTILITIES CORPORATION falls in the bottom 10%.

What are CANAAN UTILITIES CORPORATION's revenue and expenses?

In 2024, CANAAN UTILITIES CORPORATION reported $1.1M in total revenue and $1M in total expenses on its IRS Form 990.

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