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Filing year 2024

OVEC-IKEC UNION RETIREE MEDICAL TRUST

Piketon, Ohio·EIN 20-2499367·NTEE Y43 · Mutual & Membership Benefit·9
Total revenue
$3.4M
Total assets
$86.2M
Total expenses
$2.1M
Reported officers
7
Mission

THE PRIMARY PURPOSE OF THE TRUST IS TO RECEIVE AND HOLD PAYMENTS FOR THE PROVISION OF MEDICAL BENEFITS UNDER THE PLAN(S) ESTABLISHED FOR CURRENT AND FUTURE RETIREES OF THE OHIO VALLEY ELECTRIC CORPORATION AND INDIANA-KENTUCKY ELECTRIC CORPORATION WHO ARE COVERED BY CERTAIN COLLECTIVE BARGAINING AGREEMENTS AND THEIR DEPENDENTS.

Executive compensation

Form 990 · Schedule J · 1 reported individual · Filing year 2024

Trustee
board member
$23k
$25k

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.

Plus 6 unpaid individuals.

Browse compensation in Mutual & Membership Benefit

Up 67%
from 2023

From $14k in 2023 to $23k in 2024.

$14k
2023
$23k
2024
In today's dollarsEst.
Up 63% in real terms$15k to $25k

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

OVEC-IKEC UNION RETIREE MEDICAL TRUST reported revenue and expenses across 2 filing years.

RevenueExpenses
$3.8M
$3.6M
2023
$3.4M
$2.1M
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Mutual & Membership Benefit executives earn

Comparable mutual & membership benefit organizations nationwide pay their highest-earning executive a median of $19,468.

25th percentile
$6k
Median
$19,468
75th percentile
$79k
90th percentile
$193k

These are mutual & membership benefit sector-wide figures, not this organization's reported pay. Based on 294 organizations across 294 filings (2021 – 2023).

See full Mutual & Membership Benefit compensation data
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