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Filing year 2024

RUTHERFORD ELECTRIC MEMBERSHIP CORPORATION

Forest City, North Carolina·EIN 56-0386171·12
Total revenue
$167.7M
Total assets
$389.4M
Total expenses
$167.7M
Reported officers
16
Mission

TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.

Executive compensation, broken down

Form 990 · Schedule J · 16 reported individuals · Filing year 2024

General Mana
officer (unspecified)
$387k
$410k
Base
$347k
Bonus
$1k
Other
$7k
Benefits
$31k
Vp-operation
highest compensated employee
$278k
$295k
Base
$238k
Bonus
$5k
Other
$4k
Benefits
$30k
Vp-engineeri
highest compensated employee
$247k
$262k
Base
$218k
Bonus
$568
Other
Benefits
$28k
Director-dis
highest compensated employee
$241k
$256k
Base
$170k
Bonus
$827
Other
$3k
Benefits
$28k
Vp-district
highest compensated employee
$205k
$218k
Base
$79k
Bonus
$4k
Other
$110k
Benefits
$13k
Vp-member &
highest compensated employee
$182k
$193k
Base
$143k
Bonus
$7k
Other
$4k
Benefits
$28k
$37k
$40k
Director
board member
$37k
$40k
Director
board member
$36k
$38k
Asst. Secret
officer (unspecified)
$36k
$38k
Director
board member
$36k
$38k
Director
board member
$35k
$38k
Treasurer
officer (unspecified)
$35k
$37k
Secretary
officer (unspecified)
$22k
$23k
Director
board member
$21k
$22k
Vice Preside
vice president
$14k
$15k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Up 9%
from 2023

From $355k in 2023 to $387k in 2024.

$355k
2023
$387k
2024
In today's dollarsEst.
Up 6% in real terms$388k to $410k

Estimated with BLS CPI-U for the South 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

RUTHERFORD ELECTRIC MEMBERSHIP CORPORATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$172.3M
$172.3M
2023
$167.7M
$167.7M
2024
Total revenue and total expenses from IRS Form 990 filings.
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