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Filing year 2024

LICKING RURAL ELECTRIFICATION INC

Newark, Ohio·EIN 31-4234980·12
Total revenue
$73.8M
Total assets
$359.4M
Total expenses
$70.9M
Reported officers
18
Mission

DISTRIBUTE ELECTRICITY TO ITS MEMBERS

Executive compensation, broken down

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

$308k
$331k
Base
$210k
Bonus
$7k
Other
$6k
Benefits
$16k
$151k
$162k
$141k
$152k
$134k
$144k
Controller
highest compensated employee
$100k
$108k
VP of Human Resources/safety
vice president
$89k
$96k
VP CIO
chief information officer
$89k
$96k
Gas Engineering Manager
highest compensated employee
$78k
$84k
Gas Operations Manager
highest compensated employee
$74k
$80k
Director
board member
$35k
$37k
Director
board member
$25k
$27k
Director
board member
$25k
$26k
Director
board member
$22k
$23k
Director
board member
$21k
$23k
Director
board member
$20k
$21k
Director
board member
$17k
$19k
Director
board member
$17k
$18k
Director
board member
$17k
$18k

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 3%
from 2023

From $297k in 2023 to $308k in 2024.

$297k
2023
$308k
2024
In today's dollarsEst.
Up 1% in real terms$328k to $331k

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

LICKING RURAL ELECTRIFICATION INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$69.2M
$66.2M
2023
$73.8M
$70.9M
2024
Total revenue and total expenses from IRS Form 990 filings.
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