Skip to main content
Filing year 2024

NOBLE COUNTY RURAL ELECTRIC MEMBERSHIP CORP C/O ADAM CHITWOOD

Albion, Indiana·EIN 35-0549925·12
Total revenue
$27.2M
Total assets
$44.9M
Total expenses
$26.1M
Reported officers
16
Mission

AS A MEMBER-OWNED, NOT-FOR-PROFIT SERVICE ORGANIZATION, OUR MISSION IS TO PROVIDE AFFORDABLE, RELIABLE AND SAFE ELECTRIC SERVICE TO OUR MEMBERS.

Executive compensation, broken down

Form 990 · Schedule J · 16 reported individuals · Filing year 2024

$360k
$387k
Base
$222k
Bonus
$20k
Other
$11k
Benefits
$34k
Manager of Operations
key employee
$224k
$240k
Base
$149k
Bonus
$8k
Other
$2k
Benefits
$30k
Manager of It, Billing & Member Relations
highest compensated employee
$190k
$204k
Base
$106k
Bonus
$6k
Other
$2k
Benefits
$32k
Lineman
highest compensated employee
$180k
$194k
Base
$124k
Bonus
$2k
Other
$1k
Benefits
$26k
Manager of Finance/accounting
highest compensated employee
$173k
$186k
Base
$126k
Bonus
$7k
Other
$575
Benefits
$27k
Communications & Marketing Manager
highest compensated employee
$167k
$180k
Base
$100k
Bonus
$6k
Other
$1k
Benefits
$31k
Line Foreman
highest compensated employee
$164k
$176k
Base
$107k
Bonus
$2k
Other
$654
Benefits
$29k
Vice Chairman
board vice chair
$13k
$14k
Treasurer
officer (unspecified)
$11k
$12k
Chairman
board chair
$11k
$12k
Director
board member
$11k
$12k
Director
board member
$11k
$11k
Director
board member
$10k
$11k
Director
board member
$10k
$11k
Secretary
officer (unspecified)
$10k
$11k
Director
board member
$9k
$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 7%
from 2023

From $337k in 2023 to $360k in 2024.

$337k
2023
$360k
2024
In today's dollarsEst.
Up 4% in real terms$372k to $387k

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

NOBLE COUNTY RURAL ELECTRIC MEMBERSHIP CORP C/O ADAM CHITWOOD reported revenue and expenses across 2 filing years.

RevenueExpenses
$26.6M
$26M
2023
$27.2M
$26.1M
2024
Total revenue and total expenses from IRS Form 990 filings.
Free, forever
Build lists. Save your benchmarks.
A free Lucido account lets you build lists of nonprofits and save your search filters. No credit card.
Create free account
Already a member? Sign in
Build a benchmark

Compare any role, sector, or revenue band

Build your own benchmark from millions of reported positions.