NonprofitsLorain-Medina Rural Electric Coop Inc

Lorain-Medina Rural Electric Coop Inc

WELLINGTON, OH

Total revenue

$50.6M

Total expenses

$43.7M

Net assets

$75.5M

Grants received

EIN

340365430

Tax year

2024

Mission

To provide electricity and related services to members.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$49.0M
Investment income$293K
Other revenue$1.3M
Total revenue$50.6M

Expenses

Grants paid
Salaries & benefits$1.3M
Fundraising
Other expenses$39.9M
Total expenses$43.7M
Total assets$122.9M
Net assets$75.5M

People

20 listed

NameRoleCompensation

EDWARD VANHOOSE

PRESIDENT/CEO

Board

$229K

50 hrs/wk

BRAD WARNEMENT

CHIEF OPERATING OFFICER

Board

$113K

40 hrs/wk

JOSHUA LONG

CHIEF FINANCIAL OFFICER

Board

$96K

40 hrs/wk

ANDREW RUFFING

CHIEF ADMINISTRATIVE OFFIC

Board

$80K

40 hrs/wk

JUSTIS CLIFFORD

CHIEF STRATEGY OFFICER

Board

$79K

40 hrs/wk

GARY ROWLAND

VICE CHAIR

Board

$17K

6.29 hrs/wk

RODNEY EATON

CHAIR

Board

$17K

5.16 hrs/wk

JUDY PICKWORTH

DIRECTOR

Board

$15K

5.37 hrs/wk

JOSEPH SWINKO

DIRECTOR

Board

$12K

5.38 hrs/wk

KENNETH DIEDRICK

DIRECTOR

Board

$12K

3.32 hrs/wk

BRENDA WOLFE

SECRETARY

Board

$11K

3.67 hrs/wk

KEITH LOWE

TREASURER

Board

$10K

2.66 hrs/wk

RICHARD DUMPERTH

DIRECTOR

Board

$8K

3.06 hrs/wk

BRADY MCCANN

DIRECTOR

Board

$4K

0.88 hrs/wk

JAMES MCCONNELL

DIRECTOR

Board

$4K

0.94 hrs/wk

JAMES BRASEE

OPERATIONS MANAGER

Staff

$120K

40 hrs/wk

MICHAEL KELSEY

LINEMAN

Staff

$119K

45.96 hrs/wk

NICHOLAS SMITH

LINEMAN

Staff

$117K

46.6 hrs/wk

JOEL MILLER

LINEMAN

Staff

$116K

44.61 hrs/wk

COLLEEN ANTHONY

ACCOUNTING MANAGER

Staff

$114K

40 hrs/wk

Independent contractors

PLEASANT VALLEY CORPORATION

NEW HEADQUARTERS GC

$11.5M

FRANKART POWER LINE SERVICES

POLE REPLACEMENT

$1.5M

KILEY'S TREE & BUCKET TRUCK SERVICES LL

TREE TRIMMING

$659K

BUCKEYE BORING & EXCAVATION

BORING SERVICES

$603K

ALPHA ENGINEERING OF INDIANA INC

SUBSTATION ENGINEERING

$182K

Details

EIN340365430
Subsection12
Ruling date1938-10
Formed1936
Employees49
Volunteers0
LORAIN-MEDINA RURAL ELECTRIC COOP INC — Mission, Financials & Grants Received | Grantivo