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Filing year 2024

JAY COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION

Portland, Indiana·EIN 35-0420975·12
Total revenue
$24M
Total assets
$37.4M
Total expenses
$21.8M
Reported officers
15
Mission

THE MOST SIGNIFICANT ACTIVITY OF THE ELECTRIC COOPERATIVE IS THE DISTRIBUTION OF ELECTRICITY.

Executive compensation, broken down

Form 990 · Schedule J · 15 reported individuals · Filing year 2024

Base
$202k
Bonus
Other
Benefits
$50k
Engineering
highest compensated employee
$157k
$169k
Base
$124k
Bonus
Other
Benefits
$33k
Working Fore
highest compensated employee
$151k
$162k
Base
$134k
Bonus
Other
Benefits
$17k
Journeyman L
highest compensated employee
$147k
$158k
Journeyman L
highest compensated employee
$136k
$146k
Journeyman L
highest compensated employee
$128k
$138k
Director
board member
$22k
$24k
Director
board member
$22k
$23k
Director
board member
$22k
$23k
Director
board member
$20k
$21k
Director
board member
$13k
$14k
Chairman
board chair
$9k
$10k
Director
board member
$7k
$8k
Director
board member
$4k
$4k
Director
board member
$3k
$3k

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 46%
from 2023

From $173k in 2023 to $252k in 2024.

$173k
2023
$252k
2024
In today's dollarsEst.
Up 42% in real terms$191k to $271k

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

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

RevenueExpenses
$23.2M
$21.5M
2023
$24M
$21.8M
2024
Total revenue and total expenses from IRS Form 990 filings.
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