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Filing year 2024

SOUTH CENTRAL INDIANA RURAL ELECTRIC MEMBERSHIP CORPORATION

Martinsville, Indiana·EIN 35-6043583·12
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 · Schedule J · 20 reported individuals · Filing year 2024

$457k
$492k
Base
$350k
Bonus
Other
$810
Benefits
$34k
Chief Operating Officer
$455k
$490k
Base
$247k
Bonus
$20k
Other
$4k
Benefits
$38k
VP of Distribution Services
vice president
$313k
$336k
Base
$193k
Bonus
$5k
Other
$2k
Benefits
$3k
VP of Member Services
vice president
$254k
$273k
Base
$159k
Bonus
$5k
Other
$6k
Benefits
$35k
VP of Human Resources
vice president
$250k
$269k
Base
$181k
Bonus
$10k
Other
$4k
Benefits
$20k
Lead Line Foreman
highest compensated employee
$227k
$244k
Base
$163k
Bonus
Other
$812
Benefits
$35k
Line Foreman
highest compensated employee
$223k
$240k
Base
$172k
Bonus
Other
$2k
Benefits
$34k
Line Foreman
highest compensated employee
$214k
$230k
Base
$168k
Bonus
Other
$296
Benefits
$32k
Journeyman Lineworker
highest compensated employee
$211k
$227k
Base
$181k
Bonus
Other
$184
Benefits
$16k
Line Foreman
highest compensated employee
$206k
$222k
Base
$160k
Bonus
Other
$296
Benefits
$33k
VP of Finance
vice president
$205k
$220k
Base
$146k
Bonus
$5k
Other
$2k
Benefits
$34k
Director
board member
$34k
$37k
Vice Chairman
board vice chair
$29k
$31k
Director
board member
$16k
$17k
Chairman
board chair
$15k
$16k
Director
board member
$15k
$16k
Director
board member
$13k
$14k
Director
board member
$13k
$14k
Secretary-treasurer
officer (unspecified)
$10k
$10k
Director
board member
$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.

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.
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