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Filing year 2024

HEARTLAND RURAL ELECTRIC MEMBERSHIP CORP

Markle, Indiana·EIN 47-1911282·NTEE Y22 · Mutual & Membership Benefit·12
Total revenue
$89.9M
Total assets
$203.9M
Total expenses
$78.8M
Reported officers
18

Executive compensation, broken down

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

Base
$268k
Bonus
Other
Benefits
$31k
Manager Eng & Oper
highest compensated employee
$213k
$229k
Base
$157k
Bonus
Other
Benefits
$30k
Base
$138k
Bonus
Other
Benefits
$30k
Operations Supervisor
highest compensated employee
$186k
$200k
Base
$134k
Bonus
Other
Benefits
$30k
Corporate Comm & Mbr Srv Mgr
highest compensated employee
$185k
$199k
Base
$132k
Bonus
Other
Benefits
$30k
Serviceman
highest compensated employee
$180k
$194k
Base
$132k
Bonus
Other
Benefits
$29k
Foreman
highest compensated employee
$165k
$177k
Base
$128k
Bonus
Other
Benefits
$18k
Director
board member
$20k
$22k
Vice President
vice president
$19k
$21k
Director
board member
$18k
$20k
$18k
$20k
Assistant Secr/treasas
officer (unspecified)
$18k
$20k
Director
board member
$18k
$19k
Director
board member
$17k
$19k
Director
board member
$17k
$19k
Director
board member
$17k
$18k
Director
board member
$17k
$18k
Secretary/treasurer
officer (unspecified)
$16k
$17k

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.

Browse compensation in Mutual & Membership Benefit

Up 17%
from 2023

From $292k in 2023 to $343k in 2024.

$292k
2023
$343k
2024
In today's dollarsEst.
Up 14% in real terms$322k to $369k

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

HEARTLAND RURAL ELECTRIC MEMBERSHIP CORP reported revenue and expenses across 2 filing years.

RevenueExpenses
$84M
$77M
2023
$89.9M
$78.8M
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Mutual & Membership Benefit executives earn

Comparable mutual & membership benefit organizations nationwide pay their highest-earning executive a median of $19,468.

25th percentile
$6k
Median
$19,468
75th percentile
$79k
90th percentile
$193k

These are mutual & membership benefit sector-wide figures, not this organization's reported pay. Based on 294 organizations across 294 filings (2021 – 2023).

See full Mutual & Membership Benefit compensation data
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