Nonprofit · EIN 31-0407700
PIONEER RURAL ELECTRIC COOPERATIVE INC
Tax-exempt · PIQUA, OH 45356
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $90,336,258 | $90,336,258 | $0 | $155,171,147 | $59,996,565 | $95,174,582 |
| December 31, 2024 | 990 | $83,454,628 | $83,454,628 | $0 | $152,076,498 | $60,100,353 | $91,976,145 |
| December 31, 2023 | 990 | $76,695,547 | $76,695,547 | $0 | $147,340,975 | $58,890,495 | $88,450,480 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $87,484,903
- Investment income
- $209,514
- Net rental income
- $299,239
- Other revenue
- $2,641,841
Expenses
- Grants and similar amounts paid
- $10,500
- Benefits paid to members
- $6,032,928
- Compensation of officers, directors and key employees
- $798,593
- Other salaries and wages
- $4,339,467
- Salaries, compensation and benefits (total)
- $7,249,280
- Professional fundraising fees
- $0
- Depreciation
- $4,797,538
- Program services (functional)
- $90,336,258
Balance sheet and other
- Total assets, start of year
- $152,076,498
- Total assets, end of year
- $155,171,147
- Total liabilities, end of year
- $59,996,565
- Net assets, end of year
- $95,174,582
- Land, buildings and equipment
- $98,986,984
- Gross receipts
- $90,336,258
- Employees
- 58
- Volunteers
- 0
- Year formed
- 1936
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Thomas Musick | President/CEO Officer | 48 | $336,019 | $164,375 |
| F Lynn Maniaci | Director of Tech Services and Engring Highest-paid employee | 41 | $191,814 | $102,368 |
| Susan M Knore | Vice President/CFO Officer | 40.59 | $209,867 | $82,632 |
| Steven A McClay | Director of Operations & Safety Highest-paid employee | 45.09 | $172,969 | $118,237 |
| Jeff Dietz | Manager of Engineering Highest-paid employee | 40.63 | $177,135 | $72,001 |
| Todd D Garrett | Manager of Community & Gov't Relations Highest-paid employee | 42.6 | $163,794 | $82,156 |
| Jason Shaffer | Manager of Information Services Highest-paid employee | 44.3 | $149,670 | $46,515 |
| Mark A Bailey | Chair Trustee or director, Officer | 5.87 | $18,530 | $0 |
| Colleen R Eidemiller | First Vice Chair Trustee or director, Officer | 6.02 | $16,955 | $0 |
| John Vulgamore | Treasurer Trustee or director, Officer | 5.35 | $15,623 | $0 |
| John Goettemoeller | Secretary Trustee or director, Officer | 3.2 | $15,330 | $0 |
| Roger Bertke | Second Vice Chair Trustee or director, Officer | 3.69 | $14,255 | $0 |
| Bill Clark | Board Member Trustee or director | 3.18 | $13,985 | $0 |
| Ted Black | Board Member Trustee or director | 4.87 | $13,850 | $0 |
| Wade Wilhelm | Board Member Trustee or director | 4.02 | $13,445 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Robert Billings | Board Member Trustee or director | 3 | $12,205 |
990 for the year ended December 31, 2024: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Ronald P Salyer | President/CEO Officer, Former | 48 | $223,503 | $114,513 |
| Susan M Knore | Vice President/CFO Officer | 40.5 | $199,230 | $69,314 |
| F Lynn Maniaci | Director of Tech Services and Engring Highest-paid employee | 41 | $180,380 | $87,448 |
| Steven A McClay | Director of Operations & Safety Highest-paid employee | 45.5 | $161,073 | $96,875 |
| Jeff Dietz | Manager of Engineering Highest-paid employee | 41 | $174,298 | $59,822 |
| Thomas Musick | President/CEO Officer | 48 | $109,396 | $118,338 |
| Todd D Garrett | Manager of Community & Gov't Relations Highest-paid employee | 42.5 | $154,553 | $66,275 |
| Randy Carnahan | Leader Lineman Highest-paid employee | 47 | $135,378 | $40,663 |
| Mark A Bailey | Chair Trustee or director, Officer | 5.85 | $17,765 | $0 |
| John Goettemoeller | Secretary Trustee or director, Officer | 2.45 | $17,345 | $0 |
| Colleen R Eidemiller | First Vice Chair Trustee or director, Officer | 5.51 | $15,740 | $0 |
| Wade Wilhelm | Board Member Trustee or director | 4.93 | $14,930 | $0 |
| John Vulgamore | Treasurer Trustee or director, Officer | 4.67 | $14,408 | $0 |
| Roger Bertke | Second Vice Chair Trustee or director, Officer | 4.14 | $14,255 | $0 |
| Ted Black | Board Member Trustee or director | 4.72 | $14,255 | $0 |
| Robert Billings | Board Member Trustee or director | 1.84 | $13,040 | $0 |
| Bill Clark | Board Member Trustee or director | 2.16 | $9,835 | $0 |
| Terry Householder | Board Member Emeritus Trustee or director, Former | 1.02 | $4,755 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Ronald P Salyer | President/CEO Officer | 48 | $274,814 | $135,345 |
| Susan M Knore | Vice President/CFO Officer | 40 | $188,990 | $63,833 |
| F Lynn Maniaci | Director of Tech Services and Engring Highest-paid employee | 40 | $170,414 | $77,322 |
| Steven A McClay | Director of Operations & Safety Highest-paid employee | 46.5 | $155,979 | $83,118 |
| Jeff Dietz | Manager of Engineering Highest-paid employee | 40 | $156,915 | $55,123 |
| Todd D Garrett | Manager of Community & Gov't Relations Highest-paid employee | 42 | $146,010 | $58,844 |
| John Holcomb | Lineman First Class Service Truck Highest-paid employee | 48.5 | $129,625 | $45,738 |
| Terry Householder | Chair Trustee or director, Officer | 6.9 | $19,825 | $0 |
| Colleen R Eidemiller | First Vice Chair Trustee or director, Officer | 5.62 | $15,905 | $0 |
| John Goettemoeller | Secretary Trustee or director, Officer | 4.08 | $15,455 | $0 |
| Roger Bertke | Second Vice Chair Trustee or director, Officer | 4.33 | $13,985 | $0 |
| Mark A Bailey | Treasurer Trustee or director, Officer | 4.81 | $13,715 | $0 |
| Robert Billings | Board Member Trustee or director | 3.4 | $13,690 | $0 |
| John Vulgamore | Board Member Trustee or director | 2.92 | $13,319 | $0 |
| Wade Wilhelm | Board Member Trustee or director | 3.34 | $12,770 | $0 |
| Ted Black | Board Member Trustee or director | 4.08 | $11,935 | $0 |
Address and contacts
- Address (IRS master file)
- 344 W US ROUTE 36, PIQUA, OH 45356-9255
- In care of
- % THOMAS MUSICK
- Principal officer (990 for 2025)
- Thomas J Musick, 344 West US Route 36, Piqua, OH 45356
- Signed the 990
- Thomas Musick, President/CEO
- Phone
- (937) 773-2523
- Website
- www.pioneerec.com
Mission
Delivering safe and reliable electric service at the best possible value, with focus on our members and communities we serve
Program accomplishments
- UtilitiesExpenses $90,336,258 · revenue $90,366,258
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 31-0407700
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1938
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $155,171,147
- Income (IRS master file)
- $90,336,258
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $90,336,258 | $90,336,258 | $155,171,147 | XML |
| 990 | December 2024 | $83,454,628 | $83,454,628 | $152,076,498 | XML |
| 990 | December 2023 | $76,695,547 | $76,695,547 | $147,340,975 | XML |
| 990 | December 2022 | $75,418,373 | $75,418,373 | $142,552,198 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 31-0407700).
Questions about PIONEER RURAL ELECTRIC COOPERATIVE INC
- What is the EIN of PIONEER RURAL ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of PIONEER RURAL ELECTRIC COOPERATIVE INC is 31-0407700.
- Is PIONEER RURAL ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1938.
- Are donations to PIONEER RURAL ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PIONEER RURAL ELECTRIC COOPERATIVE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PIONEER RURAL ELECTRIC COOPERATIVE INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PIONEER RURAL ELECTRIC COOPERATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of PIONEER RURAL ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 names Thomas J Musick.
- Who are the officers and directors of PIONEER RURAL ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 lists 16 people; 16 received compensation from the organization, the highest $336,019 (Thomas Musick, President/CEO).
- How much revenue does PIONEER RURAL ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $90,336,258, expenses of $90,336,258 and total assets of $155,171,147 at year end.
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