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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Mutual & Membership Benefit Heartland Rural Electric Membership Corp.

Heartland Rural Electric Membership Corp.

Fiscal year ending 2024. Filed on November 13, 2025.

PO Box 605
Markle, Indiana 46770

Heartland Rural Electric Membership Corp. (EIN: 47-1911282) has filed an IRS Form 990 since fiscal year 2020. In its fiscal year 2024 IRS Form 990 filing, Heartland Rural Electric Membership Corp., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 7 out of 62 total employees. Among the employees shown here, the average compensation is $208,976. The highest compensated employee at Heartland Rural Electric Membership Corp. is Colt Burnau with fiscal year 2024 compensation of $342,747.

Revenue, expenses, and employee compensation

Revenue

$89,874,310

Expenses

$78,820,058

Employee compensation

$1,676,642
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Colt Burnau
Chief Executive Officer
$342,747
$267,733 No related comp$75,014
Eric Laymon
Manager ENG and OPER
$212,636
$156,629 No related comp$56,007
William Dye
Chief Financial Officer
$191,927
$137,683 No related comp$54,244
Mike Kelsey
Operations Supervisor
$185,643
$133,505 No related comp$52,138
Nick Caley
Corporate COMM and MBR SRV MGR
$185,196
$131,893 No related comp$53,303
Brad Couch
Serviceman
$180,097
$132,214 No related comp$47,883
Brady Miller
Foreman
$164,589
$128,268 No related comp$36,321

Benchmark Employee Compensation

Non-Employee Board Members

D'Ann Stouffer
Director
$20,170
$20,170 No related compNo other comp
Matthew Quickery
Vice President
$19,070
$19,070 No related compNo other comp
Doug Wilcox
President
$18,270
$18,270 No related compNo other comp
Ralph Keefer
Director
$18,270
$18,270 No related compNo other comp
Laura Cole
Assistant Secr/Treasas
$18,220
$18,220 No related compNo other comp
Adam Fusselman
Director
$17,970
$17,970 No related compNo other comp
Robert Hippensteel
Director
$17,370
$17,370 No related compNo other comp
Joh Smith
Director
$17,320
$17,320 No related compNo other comp
Ted Martz
Director
$17,070
$17,070 No related compNo other comp
Alan Schlagenhauf
Director
$16,920
$16,920 No related compNo other comp
Jason Dawes
Secretary and Treasurer
$16,210
$16,210 No related compNo other comp

Contractors

T&B Powerline Construction Inc.
Job/Work Ordres
$1,572,320
Mint City Utility Srvc LLC
Tree Trimming
$983,499
Delta Star Inc.
Substation Work
$925,729
Meridian Cooperative Inc.
Software Support
$533,956
Indiana Electric Cooperative
Reap/Trng/Sbscrpt/Cmplnc
$349,950

Mission Statement

SALE OF ELECTRICITY AND BROADBAND INTERNET TO MEMBERS OF HEARTLAND REMC.

Revisions to this organization profile

November 13, 2025:
2024 Heartland Rural Electric Membership Corp. 990 filed
November 14, 2024:
2023 Heartland Rural Electric Membership Corp. 990 filed
May 8, 2023:
2022 Heartland Rural Electric Membership Corp. 990 filed

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