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Organizations Lorain-Medina Rural Electric Cooperative Inc.

Lorain-Medina Rural Electric Cooperative Inc.

Fiscal year ending 2024. Filed on June 26, 2025.

1 Cooperative Way
Spencer, Ohio 44275

Lorain-Medina Rural Electric Cooperative Inc. (EIN: 34-0365430) has filed an IRS Form 990 since fiscal year 2019. In its fiscal year 2024 IRS Form 990 filing, Lorain-Medina Rural Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 10 out of 49 total employees. Among the employees shown here, the average compensation is $175,121. The highest compensated employee at Lorain-Medina Rural Electric Cooperative Inc. is Edward Vanhoose with fiscal year 2024 compensation of $310,425.

Revenue, expenses, and employee compensation

Revenue

$50,615,188

Expenses

$43,688,290

Employee compensation

$1,292,540
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Edward Vanhoose
President and Chief Executive Officer
$310,425
$229,069 No related comp$81,356
James Brasee
Operations Manager
$241,530
$119,604 No related comp$121,926
Brad Warnement
Chief Operating Officer
$223,272
$113,055 No related comp$110,217
Colleen Anthony
Accounting Manager
$202,195
$114,336 No related comp$87,859
Michael Kelsey
Lineman
$160,122
$119,314 No related comp$40,808
Nicholas Smith
Lineman
$154,084
$117,193 No related comp$36,891
Joel Miller
Lineman
$137,266
$115,550 No related comp$21,716
Joshua Long
Chief Financial Officer
$112,435
$95,617 No related comp$16,818
Andrew Ruffing
Chief Administrative Officer
$105,531
$79,846 No related comp$25,685
Justis Clifford
Chief Strategy Officer
$104,348
$78,806 No related comp$25,542

Benchmark Employee Compensation

Non-Employee Board Members

Gary Rowland
Vice Chair
$17,100
$17,100 No related compNo other comp
Rodney Eaton
Chair
$17,000
$17,000 No related compNo other comp
Judy Pickworth
Director
$15,300
$15,300 No related compNo other comp
Joseph Swinko
Director
$12,325
$12,325 No related compNo other comp
Kenneth Diedrick
Director
$11,900
$11,900 No related compNo other comp
Brenda Wolfe
Secretary
$10,800
$10,800 No related compNo other comp
Keith Lowe
Treasurer
$9,800
$9,800 No related compNo other comp
Richard Dumperth
Director
$7,975
$7,975 No related compNo other comp
Brady McCann
Director
$4,125
$4,125 No related compNo other comp
James McConnell
Director
$3,825
$3,825 No related compNo other comp

Contractors

Pleasant Valley Corporation
New Headquarters Gc
$11,540,967
Frankart Power Line Services
Pole Replacement
$1,486,684
Kiley's Tree & Bucket Truck Services Ll
Tree Trimming
$659,090
Buckeye Boring & Excavation
Boring
$603,019
Alpha Engineering of Indiana Inc.
Substation Engineering
$182,285

Mission Statement

TO PROVIDE OUR MEMBER-OWNERS WITH HIGHLY RELIABLE ELECTRIC SERVICE, SUPERIOR CUSTOMER SERVICE AND INNOVATIVE ENERGY SOLUTIONS AT COMPETITIVE PRICES.

Revisions to this organization profile

June 26, 2025:
2024 Lorain-Medina Rural Electric Cooperative Inc. 990 filed
October 31, 2024:
2023 Lorain-Medina Rural Electric Cooperative Inc. 990 filed
November 14, 2023:
2022 Lorain-Medina Rural Electric Cooperative Inc. 990 filed

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Other organizations also named Lorain-Medina Rural Electric Cooperative

Lorain-Medina Rural Electric Cooperative People Fund Inc.
Spencer, Ohio