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Filing year 2024

SOUTH CENTRAL INDIANA RURAL ELECTRIC MEMBERSHIP CORPORATION

Martinsville, Indiana·EIN 35-6043583·501(c)(12)
Total revenue
$117.1M
Total assets
$327.1M
Total expenses
$116M
Reported officers
20
Mission

SCI REMC IS A TRUSTED ELECTRIC COOPERATIVE SERVING OUR DIVERSE COMMUNITIES WITH INNOVATIVE ENERGY SOLUTIONS AND LIFE-ENHANCING SERVICES.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 20 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President & CEO
Above 90th percentile
$457k
$492k
Base
$350k
Bonus
Other
$810
Benefits
$34k
Chief Operating Officer
Above 90th percentile
$455k
$490k
Base
$247k
Bonus
$20k
Other
$4k
Benefits
$38k
VP of Distribution Services
Board Vice President
75th to 90th percentile
$313k
$336k
Base
$193k
Bonus
$5k
Other
$2k
Benefits
$3k
VP of Member Services
Board Vice President
75th to 90th percentile
$254k
$273k
Base
$159k
Bonus
$5k
Other
$6k
Benefits
$35k
VP of Human Resources
Board Vice President
75th to 90th percentile
$250k
$269k
Base
$181k
Bonus
$10k
Other
$4k
Benefits
$20k
Lead Line Foreman
Highest Compensated Employee
Median to 75th percentile
$227k
$244k
Base
$163k
Bonus
Other
$812
Benefits
$35k
Line Foreman
Highest Compensated Employee
Median to 75th percentile
$223k
$240k
Base
$172k
Bonus
Other
$2k
Benefits
$34k
Line Foreman
Highest Compensated Employee
Median to 75th percentile
$214k
$230k
Base
$168k
Bonus
Other
$296
Benefits
$32k
Journeyman Lineworker
Highest Compensated Employee
Median to 75th percentile
$211k
$227k
Base
$181k
Bonus
Other
$184
Benefits
$16k
Line Foreman
Highest Compensated Employee
Median to 75th percentile
$206k
$222k
Base
$160k
Bonus
Other
$296
Benefits
$33k
VP of Finance
Board Vice President
Median to 75th percentile
$205k
$220k
Base
$146k
Bonus
$5k
Other
$2k
Benefits
$34k
Director
Board Member
Median to 75th percentile
$34k
$37k
Vice Chairman
Board Vice Chair
Median to 75th percentile
$29k
$31k
Director
Board Member
25th percentile to median
$16k
$17k
Chairman
Board Chair
25th percentile to median
$15k
$16k
Director
Board Member
25th percentile to median
$15k
$16k
Director
Board Member
25th percentile to median
$13k
$14k
Director
Board Member
25th percentile to median
$13k
$14k
Secretary-treasurer
Officer (Unspecified)
$10k
$10k
Director
Board Member
25th percentile to median
$9k
$10k

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.

Held steady
from 2023

From $454k in 2023 to $457k in 2024.

$454k
2023
$457k
2024
In today's dollarsEst.
Down 2% in real terms$501k to $492k

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.

Pay for the position

Chief Executive Officer pay rose 1% from 2023 to 2024, while revenue rose 8%.

$454k in 2023 to $457k in 2024.
  • Chief Operating Officer pay rose 35% from 2023 to 2024.
  • Board Vice President pay rose 34% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

SOUTH CENTRAL INDIANA RURAL ELECTRIC MEMBERSHIP CORPORATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$108.2M
$109.7M
2023
$117.1M
$116M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about SOUTH CENTRAL INDIANA RURAL ELECTRIC MEMBERSHIP CORPORATION

What does the Chief Executive Officer of SOUTH CENTRAL INDIANA RURAL ELECTRIC MEMBERSHIP CORPORATION earn?

In 2024, the Chief Executive Officer of SOUTH CENTRAL INDIANA RURAL ELECTRIC MEMBERSHIP CORPORATION received $456,993 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 SOUTH CENTRAL INDIANA 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 SOUTH CENTRAL INDIANA RURAL ELECTRIC MEMBERSHIP CORPORATION falls in the top 10%.

What are SOUTH CENTRAL INDIANA RURAL ELECTRIC MEMBERSHIP CORPORATION's revenue and expenses?

In 2024, SOUTH CENTRAL INDIANA RURAL ELECTRIC MEMBERSHIP CORPORATION reported $117.1M in total revenue and $116M in total expenses on its IRS Form 990.

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