Mission
DISTRIBUTION OF ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS.
Executive compensation, broken down
Form 990 · Schedule J · 16 reported individuals · Filing year 2024
President &
$543k
$585k
- Base
- $448k
- Bonus
- —
- Other
- —
- Benefits
- $42k
CMO
officer (unspecified)
$323k
$347k
- Base
- $278k
- Bonus
- —
- Other
- —
- Benefits
- $32k
$311k
$335k
- Base
- $278k
- Bonus
- —
- Other
- —
- Benefits
- $33k
Customer Exp
highest compensated employee
$284k
$305k
- Base
- $270k
- Bonus
- —
- Other
- —
- Benefits
- $810
Vp, Finance
vice president
$255k
$275k
- Base
- $224k
- Bonus
- —
- Other
- —
- Benefits
- $32k
Technology I
highest compensated employee
$246k
$264k
- Base
- $213k
- Bonus
- —
- Other
- —
- Benefits
- $32k
Director of
highest compensated employee
$217k
$234k
- Base
- $162k
- Bonus
- —
- Other
- —
- Benefits
- $32k
System Engin
highest compensated employee
$208k
$223k
- Base
- $162k
- Bonus
- —
- Other
- —
- Benefits
- $31k
Director
board member
$49k
$53k
Director
board member
$44k
$48k
Secretary/tr
board treasurer
$40k
$43k
Vice Chairma
board vice chair
$26k
$28k
Chairman
board chair
$24k
$26k
Director
board member
$14k
$15k
Director
former officer/director/trustee
$13k
$14k
- Base
- $13k
- Bonus
- —
- Other
- —
- Benefits
- —
Director
board member
$3k
$4k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President & | $448k | — | — | $42k | $543k $585k |
CMO officer (unspecified) | $278k | — | — | $32k | $323k $347k |
COO | $278k | — | — | $33k | $311k $335k |
Customer Exp highest compensated employee | $270k | — | — | $810 | $284k $305k |
Vp, Finance vice president | $224k | — | — | $32k | $255k $275k |
Technology I highest compensated employee | $213k | — | — | $32k | $246k $264k |
Director of highest compensated employee | $162k | — | — | $32k | $217k $234k |
System Engin highest compensated employee | $162k | — | — | $31k | $208k $223k |
Director board member | — | — | — | — | $49k $53k |
Director board member | — | — | — | — | $44k $48k |
Secretary/tr board treasurer | — | — | — | — | $40k $43k |
Vice Chairma board vice chair | — | — | — | — | $26k $28k |
Chairman board chair | — | — | — | — | $24k $26k |
Director board member | — | — | — | — | $14k $15k |
Director former officer/director/trustee | $13k | — | — | — | $13k $14k |
Director board member | — | — | — | — | $3k $4k |
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 20%
from 2023
From $453k in 2023 to $543k in 2024.
$453k
2023
$543k
2024
$453k
2023
$543k
2024
In today's dollarsEst.
Up 17% in real terms$500k to $585k
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
TIPMONT RURAL ELECTRIC MEMBERSHIP CORPORATION reported revenue and expenses across 2 filing years.
RevenueExpenses
$86.4M
$86.3M
2023
$91.2M
$91.2M
2024
Total revenue and total expenses from IRS Form 990 filings.
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