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 · Part VII & Schedule J · 1 reported individual · Filing year 2024
Percentile bands compare each position's total pay with the same role at Mutual & Membership Benefit organizations nationwide.
| Position | Total |
|---|---|
Trustee Board Member Median to 75th percentile | $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.
Top pay as a share of expenses
In 2024, the highest total compensation at OVEC-IKEC UNION RETIREE MEDICAL TRUST equaled 1% of the organization's total expenses. The median for mutual & membership benefit organizations is 4%.
Based on 1,353 mutual & membership benefit organizations, each measured at its most recent filing year with reported expenses and compensation.
Up 67%
from 2023
From $14k in 2023 to $23k 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.
Board Member pay rose 67% from 2023 to 2024, while revenue fell 10%.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Revenue and expenses over time
OVEC-IKEC UNION RETIREE MEDICAL TRUST reported revenue and expenses across 2 filing years.
What Mutual & Membership Benefit executives earn in Ohio
Comparable mutual & membership benefit organizations in Ohio pay their highest-earning executive a median of $18,874.
These are mutual & membership benefit sector-wide figures, not this organization's reported pay. Based on 62 organizations across 62 filings (2022 – 2024).
See full Mutual & Membership Benefit pay data for Ohio →Common questions about OVEC-IKEC UNION RETIREE MEDICAL TRUST
What does the Board Member of OVEC-IKEC UNION RETIREE MEDICAL TRUST earn?
In 2024, the Board Member of OVEC-IKEC UNION RETIREE MEDICAL TRUST received $22,835 in total compensation. This pay is above the median (the midpoint) for Board Member roles among Mutual & Membership Benefit organizations nationwide, within the top half of comparable filings. Based on IRS Form 990 data.
How does Board Member pay at OVEC-IKEC UNION RETIREE MEDICAL TRUST compare with similar nonprofits?
Compared with the same role at Mutual & Membership Benefit organizations nationwide, the 2024 pay of the Board Member at OVEC-IKEC UNION RETIREE MEDICAL TRUST falls between the median and the 75th percentile. In 2024, the highest total compensation at OVEC-IKEC UNION RETIREE MEDICAL TRUST equaled 1% of the organization's total expenses. The median for mutual & membership benefit organizations is 4%.
What are OVEC-IKEC UNION RETIREE MEDICAL TRUST's revenue and expenses?
In 2024, OVEC-IKEC UNION RETIREE MEDICAL TRUST reported $3.4M in total revenue and $2.1M in total expenses on its IRS Form 990.
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