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Filing year 2024

HENDRICKS COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION

Danville, Indiana·EIN 35-0376478·12
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 · Schedule J · 17 reported individuals · Filing year 2024

Base
$370k
Bonus
$600
Other
$45k
Benefits
$29k
Director of Finance & Memb
$259k
$279k
Base
$168k
Bonus
$600
Other
$11k
Benefits
$28k
Director of Engineering
highest compensated employee
$246k
$265k
Base
$171k
Bonus
$600
Other
$9k
Benefits
$23k
Director of Operations & B
$235k
$253k
Base
$173k
Bonus
$5k
Other
$5k
Benefits
$28k
Director of Technology
highest compensated employee
$226k
$243k
Base
$171k
Bonus
$5k
Other
$8k
Benefits
$2k
Director of Human Resource
highest compensated employee
$226k
$243k
Base
$170k
Bonus
$5k
Other
$7k
Benefits
$14k
Vice President
vice president
$27k
$29k
Director
board member
$26k
$27k
$25k
$27k
Director
board member
$20k
$22k
Director
board member
$20k
$22k
Secretary (start 07/24)
officer (unspecified)
$19k
$20k
Director
board member
$19k
$20k
Treasurer
board treasurer
$17k
$18k
Director
board member
$9k
$9k
Secretary (thru 07/24)
officer (unspecified)
$8k
$9k
Director (thru 07/24)
board member
$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.

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.
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