NORTHEASTERN RURAL ELECTRIC MEMBERSHIP CORPORATION (NREMC) IS INDIANA'S THIRD LARGEST MEMBER-OWNED ELECTRIC DISTRIBUTION COOPERATIVE SUPPLYING ELECTRIC POWER TO MORE THAN 34,000 MEMBERS IN PORTIONS OF ALLEN, HUNTINGTON, KOSCIUSKO, NOBLE, WABASH, AND WHITLEY COUNTIES IN NORTHEASTERN INDIANA. NREMC IS COMMITTED TO ENSURING SUSTAINABLE, COST-EFFECTIVE, AND RELIABLE ENERGY SUPPLY TO ITS MEMBERS ACROSS NORTHEASTERN INDIANA. NREMC IS AN ATYPICAL COOPERATIVE THAT HAS STRATEGICALLY POSITIONED ITSELF TO LEVERAGE ITS FLEXIBILITY THROUGH THE IMPLEMENTATION OF BEHIND THE METER (BTM) RESOURCES. NREMC, AS AN INNOVATIVE DISTRIBUTION SYSTEM OPERATOR (DSO), UTILIZES ITS FLEXIBILITY TO BETTER CONTROL ITS COSTS. NREMC IS A LOAD SERVING ENTITY (LSE) IN PJM.
Executive compensation, broken down
Form 990 · Schedule J · 19 reported individuals · Filing year 2024
- Base
- $385k
- Bonus
- —
- Other
- —
- Benefits
- $35k
- Base
- $197k
- Bonus
- —
- Other
- —
- Benefits
- $18k
- Base
- $179k
- Bonus
- —
- Other
- —
- Benefits
- $32k
- Base
- $151k
- Bonus
- —
- Other
- —
- Benefits
- $25k
- Base
- $149k
- Bonus
- —
- Other
- —
- Benefits
- $32k
- Base
- $149k
- Bonus
- —
- Other
- —
- Benefits
- $25k
- Base
- $148k
- Bonus
- —
- Other
- —
- Benefits
- $28k
- Base
- $145k
- Bonus
- —
- Other
- —
- Benefits
- $31k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President and CEO | $385k | — | — | $35k | $522k $561k |
VP Distribution Services vice president | $197k | — | — | $18k | $288k $310k |
CFO | $179k | — | — | $32k | $242k $261k |
Director of Operations | $151k | — | — | $25k | $230k $248k |
HR Director highest compensated employee | $149k | — | — | $32k | $209k $225k |
Journeyman Lineman highest compensated employee | $149k | — | — | $25k | $201k $217k |
Vp, IT & Cyber Security vice president | $148k | — | — | $28k | $200k $215k |
Journeyman Lineman highest compensated employee | $145k | — | — | $31k | $190k $204k |
Board Member board member | — | — | — | — | $21k $23k |
Vice Chairperson board vice chair | — | — | — | — | $20k $22k |
Chairperson board chair | — | — | — | — | $17k $18k |
Teasurer officer (unspecified) | — | — | — | — | $17k $18k |
Board Member (thru 09/24) board member | — | — | — | — | $17k $18k |
Secretary officer (unspecified) | — | — | — | — | $17k $18k |
Board Member board member | — | — | — | — | $16k $18k |
Board Member (thru 08/24) board member | — | — | — | — | $16k $17k |
Board Member (thru 09/24) board member | — | — | — | — | $10k $11k |
Board Member board member | — | — | — | — | $6k $6k |
Board Member board member | — | — | — | — | $6k $6k |
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 15%
from 2023
From $455k in 2023 to $522k in 2024.
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.
Revenue and expenses over time
NORTHEASTERN RURAL ELECTRIC MEMBERSHIP CORPORATION reported revenue and expenses across 2 filing years.
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