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Filing year 2024

HENDRICKS COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION

Danville, Indiana·EIN 35-0376478·501(c)(12)
Total revenue
$115.9M
Total assets
$264.4M
Total expenses
$115.9M
Reported officers
17
Mission

HENDRICKS POWER COOPERATIVE EXISTS TO DISTRIBUTE HIGH QUALITY, RELIABLE, AND COMPETITIVELY VALUED ELECTRIC ENERGY TO ITS MEMBER OWNERS IN AN ENVIRONMENTALLY RESPONSIBLE MANNER.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 17 reported individuals · Filing year 2024

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

CEO
Above 90th percentile
$678k
$729k
Base
$370k
Bonus
$600
Other
$45k
Benefits
$29k
Director of Finance & Memb
75th to 90th percentile
$259k
$279k
Base
$168k
Bonus
$600
Other
$11k
Benefits
$28k
Director of Engineering
Highest Compensated Employee
75th to 90th percentile
$246k
$265k
Base
$171k
Bonus
$600
Other
$9k
Benefits
$23k
Director of Operations & B
75th to 90th percentile
$235k
$253k
Base
$173k
Bonus
$5k
Other
$5k
Benefits
$28k
Director of Technology
Highest Compensated Employee
Median to 75th percentile
$226k
$243k
Base
$171k
Bonus
$5k
Other
$8k
Benefits
$2k
Director of Human Resource
Highest Compensated Employee
Median to 75th percentile
$226k
$243k
Base
$170k
Bonus
$5k
Other
$7k
Benefits
$14k
Vice President
Board Vice President
25th percentile to median
$27k
$29k
Director
Board Member
Median to 75th percentile
$26k
$27k
President
10th to 25th percentile
$25k
$27k
Director
Board Member
Median to 75th percentile
$20k
$22k
Director
Board Member
Median to 75th percentile
$20k
$22k
Secretary (start 07/24)
Officer (Unspecified)
$19k
$20k
Director
Board Member
Median to 75th percentile
$19k
$20k
Treasurer
Board Treasurer
75th to 90th percentile
$17k
$18k
Director
Board Member
25th percentile to median
$9k
$9k
Secretary (thru 07/24)
Officer (Unspecified)
$8k
$9k
Director (thru 07/24)
Board Member
25th percentile to median
$8k
$9k

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 11%
from 2023

From $609k in 2023 to $678k in 2024.

$609k
2023
$678k
2024
In today's dollarsEst.
Up 8% in real terms$673k to $729k

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 11% from 2023 to 2024, while revenue rose 7%.

$609k in 2023 to $678k in 2024.
  • Chief Financial Officer pay rose 2% from 2023 to 2024.
  • Highest Compensated Employee pay rose 3% 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

HENDRICKS COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$108.3M
$108.3M
2023
$115.9M
$115.9M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about HENDRICKS COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION

What does the Chief Executive Officer of HENDRICKS COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION earn?

In 2024, the Chief Executive Officer of HENDRICKS COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION received $677,765 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 HENDRICKS COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at HENDRICKS COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION falls in the top 10%.

What are HENDRICKS COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION's revenue and expenses?

In 2024, HENDRICKS COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION reported $115.9M in total revenue and $115.9M in total expenses on its IRS Form 990.

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