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 · Part VII & Schedule J · 19 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
- 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 Above 90th percentile | $385k | — | — | $35k | $522k $561k |
VP Distribution Services Vice President Above 90th percentile | $197k | — | — | $18k | $288k $310k |
CFO 75th to 90th percentile | $179k | — | — | $32k | $242k $261k |
Director of Operations 75th to 90th percentile | $151k | — | — | $25k | $230k $248k |
HR Director Highest Compensated Employee Median to 75th percentile | $149k | — | — | $32k | $209k $225k |
Journeyman Lineman Highest Compensated Employee Median to 75th percentile | $149k | — | — | $25k | $201k $217k |
Vp, IT & Cyber Security Board Vice President Median to 75th percentile | $148k | — | — | $28k | $200k $215k |
Journeyman Lineman Highest Compensated Employee Median to 75th percentile | $145k | — | — | $31k | $190k $204k |
Board Member Median to 75th percentile | — | — | — | — | $21k $23k |
Vice Chairperson Board Vice Chair Median to 75th percentile | — | — | — | — | $20k $22k |
Teasurer Officer (Unspecified) | — | — | — | — | $17k $18k |
Chairperson Board Chair 25th percentile to median | — | — | — | — | $17k $18k |
Board Member (thru 09/24) Board Member Median to 75th percentile | — | — | — | — | $17k $18k |
Secretary Officer (Unspecified) | — | — | — | — | $17k $18k |
Board Member Median to 75th percentile | — | — | — | — | $16k $18k |
Board Member (thru 08/24) Board Member 25th percentile to median | — | — | — | — | $16k $17k |
Board Member (thru 09/24) Board Member 25th percentile to median | — | — | — | — | $10k $11k |
Board Member 25th percentile to median | — | — | — | — | $6k $6k |
Board Member 25th percentile to median | — | — | — | — | $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.
Chief Executive Officer pay rose 15% from 2023 to 2024, while revenue rose 8%.
- Chief Financial Officer pay rose 4% 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.
Revenue and expenses over time
NORTHEASTERN RURAL ELECTRIC MEMBERSHIP CORPORATION reported revenue and expenses across 2 filing years.
Common questions about NORTHEASTERN RURAL ELECTRIC MEMBERSHIP CORPORATION
What does the Chief Executive Officer of NORTHEASTERN RURAL ELECTRIC MEMBERSHIP CORPORATION earn?
In 2024, the Chief Executive Officer of NORTHEASTERN RURAL ELECTRIC MEMBERSHIP CORPORATION received $521,884 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 NORTHEASTERN RURAL ELECTRIC MEMBERSHIP CORPORATION compare with similar nonprofits?
Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at NORTHEASTERN RURAL ELECTRIC MEMBERSHIP CORPORATION falls in the top 10%.
What are NORTHEASTERN RURAL ELECTRIC MEMBERSHIP CORPORATION's revenue and expenses?
In 2024, NORTHEASTERN RURAL ELECTRIC MEMBERSHIP CORPORATION reported $132.2M in total revenue and $132.2M in total expenses on its IRS Form 990.
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