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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 Shelby Electric Cooperative

Shelby Electric Cooperative

Fiscal year ending 2023. Filed on November 15, 2024.

PO Box 560
Shelbyville, Illinois 62565

Shelby Electric Cooperative (EIN: 37-0512347) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2023 IRS Form 990 filing, Shelby Electric Cooperative, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 6 out of 65 total employees. Among the employees shown here, the average compensation is $217,890. The highest compensated employee at Shelby Electric Cooperative is Josh M Shallenberger with fiscal year 2023 compensation of $388,409.

Revenue, expenses, and employee compensation

Revenue

$42,327,754

Expenses

$39,893,084

Employee compensation

$1,353,238
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Josh M Shallenberger
Chief Executive Officer
$388,409
$287,358 No related comp$101,051
Bradley R Wright
Operations
$204,024
$129,227 No related comp$74,797
Brian R Chevalier
Operations
$195,931
$135,325 No related comp$60,606
Andrew M McDonald
Operations
$186,462
$131,932 No related comp$54,530
James A Matlock
Chief Operating Officer
$171,500
$145,288 No related comp$26,212
Terry L Oldham
Operations
$161,012
$135,324 No related comp$25,688

Benchmark Employee Compensation

Non-Employee Board Members

Robert Holthaus
Director
$12,000
$12,000 No related compNo other comp
David Keown
Director
$6,900
$6,900 No related compNo other comp
Rob Bullock
Director
$6,000
$6,000 No related compNo other comp
John Gardner
Director
$5,100
$5,100 No related compNo other comp
Scott Ohmes
Director
$3,600
$3,600 No related compNo other comp
Brent Lively
Director
$3,600
$3,600 No related compNo other comp
Greg MacKling
Director
$3,600
$3,600 No related compNo other comp
Tim Lenz
Director
$2,100
$2,100 No related compNo other comp
Brian Halbrook
Director
$1,500
$1,500 No related compNo other comp
Larry Durbin
Director
$1,500
$1,500 No related compNo other comp

Contractors

Jf Electric Inc.
Contractor-Fiber
$2,684,405
Finley Engineering Co Inc
Engineering Servic
$425,127
Endrizzi Contracting Inc
Land Clearing
$305,560
Toth & Associates
Engineering
$274,565
Nisc
Softwaresupport
$245,497

Mission Statement

To provide reliable electric power and related services to our members at an affordable cost.

Revisions to this organization profile

November 17, 2025:
2024 Shelby Electric Cooperative 990 filed
November 15, 2024:
2023 Shelby Electric Cooperative 990 filed
October 2, 2023:
2022 Shelby Electric Cooperative 990 filed

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