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Filing year 2024

NOBLE COUNTY RURAL ELECTRIC MEMBERSHIP CORP

Albion, Indiana·EIN 35-0549925·501(c)(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 · Part VII & Schedule J · 16 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President & CEO
Above 90th percentile
$360k
$387k
Base
$222k
Bonus
$20k
Other
$11k
Benefits
$34k
Manager of Operations
Operations Manager
75th to 90th percentile
$224k
$240k
Base
$149k
Bonus
$8k
Other
$2k
Benefits
$30k
Manager of It, Billing & Member Relations
IT Manager
75th to 90th percentile
$190k
$204k
Base
$106k
Bonus
$6k
Other
$2k
Benefits
$32k
Lineman
Highest Compensated Employee
Median to 75th percentile
$180k
$194k
Base
$124k
Bonus
$2k
Other
$1k
Benefits
$26k
Manager of Finance/accounting
Highest Compensated Employee
Median to 75th percentile
$173k
$186k
Base
$126k
Bonus
$7k
Other
$575
Benefits
$27k
Communications & Marketing Manager
Highest Compensated Employee
Median to 75th percentile
$167k
$180k
Base
$100k
Bonus
$6k
Other
$1k
Benefits
$31k
Line Foreman
Highest Compensated Employee
25th percentile to median
$164k
$176k
Base
$107k
Bonus
$2k
Other
$654
Benefits
$29k
Vice Chairman
Board Vice Chair
25th percentile to median
$13k
$14k
Treasurer
Officer (Unspecified)
$11k
$12k
Chairman
Board Chair
25th percentile to median
$11k
$12k
Director
Board Member
25th percentile to median
$11k
$12k
Director
Board Member
25th percentile to median
$11k
$11k
Director
Board Member
25th percentile to median
$10k
$11k
Director
Board Member
25th percentile to median
$10k
$11k
Secretary
Officer (Unspecified)
$10k
$11k
Director
Board Member
25th percentile to median
$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.

Pay for the position

Chief Executive Officer pay rose 7% from 2023 to 2024, while revenue rose 2%.

$337k in 2023 to $360k in 2024.
  • Operations Manager pay rose 3% from 2023 to 2024.
  • Highest Compensated Employee pay rose 7% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

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 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.
FAQ

Common questions about NOBLE COUNTY RURAL ELECTRIC MEMBERSHIP CORP

What does the Chief Executive Officer of NOBLE COUNTY RURAL ELECTRIC MEMBERSHIP CORP earn?

In 2024, the Chief Executive Officer of NOBLE COUNTY RURAL ELECTRIC MEMBERSHIP CORP received $360,139 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at NOBLE COUNTY RURAL ELECTRIC MEMBERSHIP CORP compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at NOBLE COUNTY RURAL ELECTRIC MEMBERSHIP CORP falls in the top 10%.

What are NOBLE COUNTY RURAL ELECTRIC MEMBERSHIP CORP's revenue and expenses?

In 2024, NOBLE COUNTY RURAL ELECTRIC MEMBERSHIP CORP reported $27.2M in total revenue and $26.1M in total expenses on its IRS Form 990.

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