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Filing year 2024

SOUTHEASTERN INDIANA RURAL ELECTRIC MEMBERSHIP CORPORATION

Osgood, Indiana·EIN 35-0672337·501(c)(12)
Total revenue
$37.9M
Total assets
$328.8M
Total expenses
$37.9M
Reported officers
16
Mission

THE CORPORATE PURPOSE OF SOUTHEASTERN INDIANA REMC SHALL BE TO RENDER SERVICE(S) TO ITS MEMBERS. NO PERSON SHALL BECOME OR REMAIN A MEMBER OF THE COOPERATIVE UNLESS SUCH PERSON SHALL PURCHASE ELECTRIC SUPPLIED BY THE COOPERATIVE AND SHALL HAVE COMPLIED WITH THE TERMS AND CONDITIONS OF MEMBERSHIP CONTAINED IN THE BYLAWS.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 16 reported individuals · Filing year 2024

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

Chief Executive Officer (ceo)
Above 90th percentile
$465k
$500k
Base
$303k
Bonus
Other
Benefits
$33k
Vice President of Comm & Creative Srvcs
Board Vice President
75th to 90th percentile
$243k
$261k
Base
$136k
Bonus
Other
Benefits
$28k
Vice President of Operations
Board Vice President
75th to 90th percentile
$218k
$234k
Base
$149k
Bonus
Other
Benefits
$31k
Chief Financial Officer (cf0)
75th to 90th percentile
$212k
$228k
Base
$140k
Bonus
Other
Benefits
$34k
Vice President of I.t. and Diversified Srvc
Board Vice President
Median to 75th percentile
$209k
$225k
Base
$143k
Bonus
Other
Benefits
$30k
Vice President of Design and Engineering
Board Vice President
Median to 75th percentile
$197k
$212k
Base
$150k
Bonus
Other
Benefits
$17k
Vice President of Office Services
Board Vice President
Median to 75th percentile
$180k
$193k
Base
$138k
Bonus
Other
Benefits
$24k
Director
Board Member
Median to 75th percentile
$20k
$21k
Director, Vice President
Vice President
25th percentile to median
$19k
$20k
Director
Board Member
Median to 75th percentile
$19k
$20k
Director
Board Member
25th percentile to median
$16k
$17k
Director
Board Member
25th percentile to median
$16k
$17k
Director
Board Member
25th percentile to median
$15k
$16k
Director, Secretary
Officer (Unspecified)
$15k
$16k
Director, President
10th to 25th percentile
$15k
$16k
Director, Treasurer
Officer (Unspecified)
$14k
$15k

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.

Up 18%
from 2023

From $393k in 2023 to $465k in 2024.

$393k
2023
$465k
2024
In today's dollarsEst.
Up 15% in real terms$434k to $500k

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

Board Vice President pay rose 1250% from 2023 to 2024, while revenue rose 5%.

$18k in 2023 to $243k in 2024.
  • Chief Financial Officer pay rose 8% from 2023 to 2024.
  • Board Member pay fell 4% 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

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

RevenueExpenses
$36M
$36M
2023
$37.9M
$37.9M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about SOUTHEASTERN INDIANA RURAL ELECTRIC MEMBERSHIP CORPORATION

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

In 2024, the Chief Executive Officer of SOUTHEASTERN INDIANA RURAL ELECTRIC MEMBERSHIP CORPORATION received $465,236 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 SOUTHEASTERN 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 SOUTHEASTERN INDIANA RURAL ELECTRIC MEMBERSHIP CORPORATION falls in the top 10%.

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

In 2024, SOUTHEASTERN INDIANA RURAL ELECTRIC MEMBERSHIP CORPORATION reported $37.9M in total revenue and $37.9M in total expenses on its IRS Form 990.

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