NonprofitsNortheastern Rural Electric Membership Corporation

Northeastern Rural Electric Membership Corporation

COLUMBIA CITY, IN

Total revenue

$132.2M

Total expenses

$132.2M

Net assets

$70.2M

Grants received

EIN

350756490

Tax year

2024

Mission

Electric distribution cooperative delivering electricity in parts of six indiana counties;whitley, allen, huntington, wabash, noble and kosciusko.

Programs

1 program

Northeastern rural electric membership corporation (nremc) is indiana's third largest member-owned electric distribution cooperative supplying electric power to more than 34,000 members in portions of allen, huntington, kosciusko, noble, wabash, and whitley counties in northeastern indiana. Nremc is committed to ensuring sustainable, cost-effective, and reliable energy supply to its members across northeastern indiana. Nremc is an atypical cooperative that has strategically positioned itself to leverage its flexibility through the implementation of behind the meter (btm) resources. Nremc, as an innovative distribution system operator (dso), utilizes its flexibility to better control its costs. Nremc is a load serving entity (lse) in pjm.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$131.7M
Investment income$96K
Other revenue$391K
Total revenue$132.2M

Expenses

Grants paid
Salaries & benefits$2.2M
Fundraising
Other expenses$125.6M
Total expenses$132.2M
Total assets$197.5M
Net assets$70.2M

People

19 listed

NameRoleCompensation

ERIC JUNG

PRESIDENT AND CEO

Board

$385K

55 hrs/wk

JAMES EITSERT

VP DISTRIBUTION SERVICES

Board

$197K

48 hrs/wk

AUDRA UHER

CFO

Board

$179K

48 hrs/wk

CATHY EGOLF

BOARD MEMBER

Board

$21K

2.5 hrs/wk

JEREMY MCCLISH

VICE CHAIRPERSON

Board

$20K

3.7 hrs/wk

DOUGLAS SCHRADER

CHAIRPERSON

Board

$17K

2.3 hrs/wk

GARY GORRELL

TEASURER

Board

$17K

2.1 hrs/wk

INGRID NICHOLSON

BOARD MEMBER (THRU 09/24)

Board

$17K

3.1 hrs/wk

ROBERT HIGGINS

SECRETARY

Board

$17K

3.9 hrs/wk

ERIK LINNEMEIER

BOARD MEMBER

Board

$16K

2.3 hrs/wk

JOE KRUYER

BOARD MEMBER (THRU 08/24)

Board

$16K

3.4 hrs/wk

THOMAS WESTERN

BOARD MEMBER (THRU 09/24)

Board

$10K

1.6 hrs/wk

WESLEY WOLFE

BOARD MEMBER

Board

$6K

1.8 hrs/wk

CARI JUILLERAT

BOARD MEMBER

Board

$6K

1.5 hrs/wk

SCOTT SNYDER

DIRECTOR OF OPERATIONS

Staff

$151K

45 hrs/wk

NATHAN BUCKLES

JOURNEYMAN LINEMAN

Staff

$149K

45 hrs/wk

TERESA MERRYMAN

HR DIRECTOR

Staff

$149K

45 hrs/wk

WAYNE OBRIEN

VP, IT & CYBER SECURITY

Staff

$148K

48 hrs/wk

TODD MYERS

JOURNEYMAN LINEMAN

Staff

$145K

47 hrs/wk

Independent contractors

STELLA ENERGY SOLUTIONS LLC

SOLAR PROJECTS

$9.3M

FLEXGEN POWER SYSTEMS INC

BATTERY PROJECTS

$1.9M

AMPP CONSTRUCTION

SYSTEM IMPROVEMENTS

$747K

MINT CITY SERVICES LLC

TREE TRIMMING/ROW CLEARING

$743K

PREMIER POWER MAINTENANCE

SUBSTATION MAINTENANCE/TESTING

$336K

Details

EIN350756490
Subsection12
Ruling date1937-10
Formed1936
Employees88
Volunteers0
NORTHEASTERN RURAL ELECTRIC MEMBERSHIP CORPORATION — Mission, Financials & Grants Received | Grantivo