NonprofitsSouth Central Indiana Rural Electric Membership Corporation

South Central Indiana Rural Electric Membership Corporation

MARTINSVILLE, IN

Total revenue

$117.1M

Total expenses

$116.0M

Net assets

$112.5M

Grants received

EIN

356043583

Tax year

2024

Mission

To provide safe, reliable, cost-effective electricity and energy solutions.

Programs

1 program

Fiber division:a seperate division of the cooperative was created to provide broadband internet services to its members through the construction of a fiber optic network. The first connections began receiving service during 2019. Fiber optic broadband services of this division will be provided to members on a patronage basis through the allocation of patronage capital to the extent net margins will exceed cumulative losses for such division.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$113.9M
Investment income$2.7M
Other revenue$523K
Total revenue$117.1M

Expenses

Grants paid$17K
Salaries & benefits$15.4M
Fundraising
Other expenses$88.3M
Total expenses$116.0M
Total assets$327.1M
Net assets$112.5M

People

20 listed

NameRoleCompensation

JAMES TANNEBERGER

PRESIDENT & CEO

Board

$351K

60 hrs/wk

RANDY ELLIOTT

CHIEF OPERATING OFFICER

Board

$271K

52 hrs/wk

REX FRANKLIN

DIRECTOR

Board

$34K

10 hrs/wk

MARK SMITH

VICE CHAIRMAN

Board

$29K

1.8 hrs/wk

LISA PROSSER

DIRECTOR

Board

$16K

3.5 hrs/wk

BRUCE HAMLIN

CHAIRMAN

Board

$15K

6.5 hrs/wk

KENNETH SEBASTIAN

DIRECTOR

Board

$15K

4 hrs/wk

DONALD LEE RENNER

DIRECTOR

Board

$13K

12 hrs/wk

BRAD SHIELDS

DIRECTOR

Board

$13K

3 hrs/wk

JERRY PHEIFER

SECRETARY-TREASURER

Board

$10K

7 hrs/wk

MICHAEL WITTE

DIRECTOR

Board

$9K

4 hrs/wk

GREGG HOPSICKER

VP OF DISTRIBUTION SERVICES

Staff

$200K

46 hrs/wk

MARILOU IDLAND

VP OF HUMAN RESOURCES

Staff

$195K

55 hrs/wk

CODY CAMPBELL

JOURNEYMAN LINEWORKER

Staff

$181K

57 hrs/wk

ANDREW POLLEY

LINE FOREMAN

Staff

$174K

55 hrs/wk

TAMMY HAENLEIN

VP OF MEMBER SERVICES

Staff

$170K

45 hrs/wk

AARON HANSEN

LINE FOREMAN

Staff

$168K

53 hrs/wk

CHAD GRIFFIN

LEAD LINE FOREMAN

Staff

$164K

52 hrs/wk

BRET HOPKINS

LINE FOREMAN

Staff

$161K

52 hrs/wk

CHARITY COFFMAN

VP OF FINANCE

Staff

$153K

45 hrs/wk

Independent contractors

PRINCE EXCAVATING

UNDERGROUND CONTRACTOR SERVICES

$2.4M

PRECISION FIBER SOLUTIONS LLC

FIBER/TELECOM SERVICES

$2.3M

TOP TIER UTILITY SERVICES LLC

OVERHEAD/UNDERGROUND CONTRACTOR SERVICES

$1.7M

AMERICAN UTILITY CORPORATION INC

UNDERGROUND FIBER CONTRACTOR

$1.2M

DELTA SERVICES LLC

OVERHEAD/UNDERGROUND CONTRACTOR SERVICES

$1.0M

Details

EIN356043583
Subsection12
Ruling date1939-10
Formed1939
Employees180
Volunteers0
SOUTH CENTRAL INDIANA RURAL ELECTRIC MEMBERSHIP CORPORATION — Mission, Financials & Grants Received | Grantivo