Mission
INDIANA ELECTRIC COOPERATIVES EXISTS TO UNIFY, LEAD, SERVE, AND ADVOCATE FOR OUR MEMBER DISTRIBUTION AND GENERATION AND TRANSMISSION COOPERATIVES
Executive compensation, broken down
Form 990 · Schedule J · 47 reported individuals · Filing year 2024
$566k
$609k
- Base
- $335k
- Bonus
- —
- Other
- —
- Benefits
- $36k
CFO & COO
$352k
$379k
- Base
- $236k
- Bonus
- —
- Other
- —
- Benefits
- $21k
Employee
key employee
$286k
$308k
- Base
- $169k
- Bonus
- —
- Other
- —
- Benefits
- $31k
Employee
key employee
$235k
$253k
- Base
- $163k
- Bonus
- —
- Other
- —
- Benefits
- $33k
Employee
key employee
$228k
$246k
- Base
- $179k
- Bonus
- —
- Other
- —
- Benefits
- $38k
Employee
highest compensated employee
$203k
$219k
- Base
- $128k
- Bonus
- —
- Other
- —
- Benefits
- $33k
Employee
highest compensated employee
$198k
$213k
- Base
- $137k
- Bonus
- —
- Other
- —
- Benefits
- $30k
Employee
highest compensated employee
$177k
$191k
- Base
- $140k
- Bonus
- —
- Other
- —
- Benefits
- $33k
Employee
highest compensated employee
$172k
$185k
- Base
- $128k
- Bonus
- —
- Other
- —
- Benefits
- $26k
President
$20k
$22k
Vice President
vice president
$14k
$15k
Secretary/treasurer
officer (unspecified)
$8k
$9k
Director
board member
$6k
$6k
Director
board member
$6k
$6k
Director
board member
$6k
$6k
Director
board member
$5k
$5k
Director
board member
$4k
$4k
Director
board member
$4k
$4k
Director
board member
$3k
$4k
Director
board member
$3k
$3k
Director
board member
$3k
$3k
Director
board member
$3k
$3k
Director
board member
$3k
$3k
Director
board member
$3k
$3k
Director
board member
$3k
$3k
Director
board member
$3k
$3k
Director
board member
$3k
$3k
Director
board member
$3k
$3k
Director
board member
$3k
$3k
Director
board member
$3k
$3k
Director
board member
$3k
$3k
Director
board member
$3k
$3k
Director
board member
$3k
$3k
Director
board member
$2k
$3k
Director
board member
$2k
$2k
Director
board member
$2k
$2k
Director
board member
$2k
$2k
Director
board member
$2k
$2k
Director
board member
$2k
$2k
Director
board member
$2k
$2k
Director
board member
$2k
$2k
Director
board member
$2k
$2k
Director
board member
$2k
$2k
Director
board member
$2k
$2k
Director
board member
$1k
$1k
Director
board member
$1k
$1k
Director
board member
$900
$968
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
CEO | $335k | — | — | $36k | $566k $609k |
CFO & COO | $236k | — | — | $21k | $352k $379k |
Employee key employee | $169k | — | — | $31k | $286k $308k |
Employee key employee | $163k | — | — | $33k | $235k $253k |
Employee key employee | $179k | — | — | $38k | $228k $246k |
Employee highest compensated employee | $128k | — | — | $33k | $203k $219k |
Employee highest compensated employee | $137k | — | — | $30k | $198k $213k |
Employee highest compensated employee | $140k | — | — | $33k | $177k $191k |
Employee highest compensated employee | $128k | — | — | $26k | $172k $185k |
President | — | — | — | — | $20k $22k |
Vice President vice president | — | — | — | — | $14k $15k |
Secretary/treasurer officer (unspecified) | — | — | — | — | $8k $9k |
Director board member | — | — | — | — | $6k $6k |
Director board member | — | — | — | — | $6k $6k |
Director board member | — | — | — | — | $6k $6k |
Director board member | — | — | — | — | $5k $5k |
Director board member | — | — | — | — | $4k $4k |
Director board member | — | — | — | — | $4k $4k |
Director board member | — | — | — | — | $3k $4k |
Director board member | — | — | — | — | $3k $3k |
Director board member | — | — | — | — | $3k $3k |
Director board member | — | — | — | — | $3k $3k |
Director board member | — | — | — | — | $3k $3k |
Director board member | — | — | — | — | $3k $3k |
Director board member | — | — | — | — | $3k $3k |
Director board member | — | — | — | — | $3k $3k |
Director board member | — | — | — | — | $3k $3k |
Director board member | — | — | — | — | $3k $3k |
Director board member | — | — | — | — | $3k $3k |
Director board member | — | — | — | — | $3k $3k |
Director board member | — | — | — | — | $3k $3k |
Director board member | — | — | — | — | $3k $3k |
Director board member | — | — | — | — | $3k $3k |
Director board member | — | — | — | — | $2k $3k |
Director board member | — | — | — | — | $2k $2k |
Director board member | — | — | — | — | $2k $2k |
Director board member | — | — | — | — | $2k $2k |
Director board member | — | — | — | — | $2k $2k |
Director board member | — | — | — | — | $2k $2k |
Director board member | — | — | — | — | $2k $2k |
Director board member | — | — | — | — | $2k $2k |
Director board member | — | — | — | — | $2k $2k |
Director board member | — | — | — | — | $2k $2k |
Director board member | — | — | — | — | $2k $2k |
Director board member | — | — | — | — | $1k $1k |
Director board member | — | — | — | — | $1k $1k |
Director board member | — | — | — | — | $900 $968 |
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.
Climbed 58%
over 2 years
From $359k in 2022 to $566k in 2024.
$359k
2022
$397k
2023
$566k
2024
$359k
2022
$397k
2023
$566k
2024
In today's dollarsEst.
Up 48% in real terms$412k to $609k
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
INDIANA STATEWIDE ASSOCIATION OF RURAL ELECTRIC COOPERATIVES reported revenue and expenses across 3 filing years.
RevenueExpenses
$9.3M
$9.2M
2022
$9.5M
$9.8M
2023
$10M
$9.8M
2024
Total revenue and total expenses from IRS Form 990 filings.
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