Civic Intelligence

Bartholomew County Remc

990 • Fiscal year 2023 • EIN 35-0165008

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 01, 2024

PO Box 467Columbus, IN 47202-0467

(812) 372-2546

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

31st percentile

0.44x

Higher debt load relative to assets than 31% of similar nonprofits.

2023 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2023

Liabilities / Revenue

18th percentile

0.66x

Higher debt load relative to revenue than 18% of similar nonprofits.

2023 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2023

Net Margin

40th percentile

0.0%

Higher net margin than 40% of similar nonprofits.

2023 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2023

Top Officer Pay

77th percentile

$347,860

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2023 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2023

Asset Growth

39th percentile

2.7%

Faster asset growth than 39% of similar nonprofits.

2023 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Revenue Growth

73rd percentile

6.8%

Faster revenue growth than 73% of similar nonprofits.

2023 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Assets

Up

$78,881,964

Up $2,107,409 (+2.7%) from 2022

Net Assets

Down

$44,338,498

Down $706,825 (-1.6%) from 2022

Liabilities

Up

$34,543,466

Up $2,814,234 (+8.9%) from 2022

Revenue

Up

$52,537,575

Up $3,357,012 (+6.8%) from 2022

Expenses

Up

$52,537,575

Up $3,357,012 (+6.8%) from 2022

Net Income

Flat

$0

Flat from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0Assets 2019: $72,754,847Liabilities 2019: $28,676,845Net Assets 2019: $44,078,0022019Assets 2020: $73,482,446Liabilities 2020: $28,787,957Net Assets 2020: $44,694,4892020Assets 2021: $73,524,777Liabilities 2021: $27,869,537Net Assets 2021: $45,655,2402021Assets 2022: $76,774,555Liabilities 2022: $31,729,232Net Assets 2022: $45,045,3232022Assets 2023: $78,881,964Liabilities 2023: $34,543,466Net Assets 2023: $44,338,4982023Assets 2024: $81,501,817Liabilities 2024: $36,765,505Net Assets 2024: $44,736,3122024

Highlighted filing

2023

Assets$78,881,964
Liabilities$34,543,466
Net Assets$44,338,498

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0Revenue 2019: $47,225,243Expenses 2019: $47,220,958Net Income 2019: $4,2852019Revenue 2020: $45,424,754Expenses 2020: $45,413,037Net Income 2020: $11,7172020Revenue 2021: $45,185,369Expenses 2021: $45,175,015Net Income 2021: $10,3542021Revenue 2022: $49,180,563Expenses 2022: $49,180,563Net Income 2022: $02022Revenue 2023: $52,537,575Expenses 2023: $52,537,575Net Income 2023: $02023Revenue 2024: $52,417,229Expenses 2024: $52,417,229Net Income 2024: $02024

Highlighted filing

2023

Revenue$52,537,575
Expenses$52,537,575
Net Income$0
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 1, 2024
Return Version
2023v5.1
Gross Receipts
$52,541,590
Mission and Program Overview

Mission

To enrich the well-being of our membership and community.

Distribution of electricity to approxmiately 10,200 members on a cooperative basis.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$50,609,299$51,947,063▲ $1,337,764
Rtn Earn Endowment Incm Other Fnds$45,013,340$44,306,515▼ $706,825
Investments Program Related$19,748,194$20,241,462▲ $493,268
Accounts Receivable$3,919,449$3,861,110▼ $58,339
Inventories for Sale or Use$2,001,800$2,432,211▲ $430,411
Prepaid Expenses and Deferred Charges$262,868$280,690▲ $17,822
Cash and Non-Interest-Bearing Accounts$232,632$119,115▼ $113,517
Pd in Cap Srpls Land Bldg Eqp Fund$31,983$31,983→ $0
Savings and Temporary Cash Investments$313$313→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$76,774,555$78,881,964▲ $2,107,409
Liabilities
Mortgage Notes Payable Secured by Investment Property$19,832,805$18,690,487▼ $1,142,318
Accounts Payable and Accrued Expenses$7,540,477$9,796,248▲ $2,255,771
Other Liabilities$4,353,450$6,056,731▲ $1,703,281
Deferred Revenue$2,500$0▼ $2,500
Total Liabilities$31,729,232$34,543,466▲ $2,814,234
Net Assets / Fund Balance
Total Net Assets Fund Balance$45,045,323$44,338,498▼ $706,825
Total Liabilities and Net Assets / Fund Balance$76,774,555$78,881,964▲ $2,107,409

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$45,429,843$21,507,648$66,937,491
Buildings$4,598,341$2,511,294$7,109,635
Equipment$1,515,388$5,463,654$6,979,042
Land$403,491-$403,491
Investment Program Related Org$1,690,982--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Courtney MetzgerCEOFT$228,244$119,616$347,860
Matthew HackmanVP-strategy & CFOFT$206,204$103,839$310,043
Marietta LasureVP-comm. & Member ServicesFT$172,088$70,638$242,726
Paul WardJourneyman LinemanFT$130,369$73,695$204,064
Jeffrey SchwartzkopfJourneyman LinemanFT$128,755$46,234$174,989
Andrew HudsonJourneyman LinemanFT$127,336$46,239$173,575
Jonah BrewerJourneyman LinemanFT$138,038$27,943$165,981
Curt BurbrinkPresidentPT$19,828-$19,828
Brett GlickDirector-$14,750-$14,750
Ron ArnholtDirector-$14,250-$14,250
Janet AnthonySecretaryPT$14,125-$14,125
John HarkerVice President-$13,250-$13,250
Larry HoeltkeDirector-$12,650-$12,650
Dan FlemingTreasurer-$12,625-$12,625

Highest Paid Contractors

ContractorServicesLocationCompensation
Electricom LLCContracted Labor1660 W HOSPITAL RD, Paoli, IN 47454$954,086
Wa Kendall & Company LLCVegetation ManagementPO BOX 831, Lawrenceville, GA 30046$789,589
Power Source 1 LLCContracted Labor82 CHESS RD, Corbin, KY 40701$440,383
Dunlap & Company INCContracted Labor6325 E 100 S, Columbus, IN 47201$159,360
Mark-it-right LLCLocating86 N COUNTY RD 500 E, Avon, IN 46123$151,839
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$50,661,727
Investment Income
$335,789
Other Revenue
$1,540,059
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$46,613,052
Salaries, Compensation, and Employee Benefits$3,859,545
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$2,685,061
Benefits to Members---$2,064,978
Current Officers, Directors, Trustees, and Key Employees---$1,720,716
Other Salaries and Wages---$1,287,369
Interest---$925,617
Other Expenses---$779,507
Other Employee Benefits---$504,053
All Other Expenses---$364,908
Payroll Taxes---$184,253
Pension Plan Contributions---$163,154
Fees for Services Other---$54,137
Fees for Services Accounting---$20,380
Fees for Services Legal---$13,083
Total Functional Expenses$0$0$0$52,537,575
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$2,000
Section 527 Activity Spending$2,000
Total Exempt Function Spending$2,000

Section 527 Organizations

OrganizationLocationAmount
35-1998087Indianapolis, IN$2,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Regulatory Liability$5,342,181
Patronage Capital Payable$641,202
Customer Advances$73,348
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Bartholomew county remc is a cooperative owned by approximately 10,200 members.

Form 990, Part VI, Section A, Line 7A

All members are entitled to vote for the board of directors at its annual meeting.

Form 990, Part VI, Section A, Line 7B

Governance decisions are subject to approval by the board.

Form 990, Part VI, Section B, Line 11B

Form 990 is reviewed by the board of directors before it is filed with the irs.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy is reviewed annually by the board of directors.

Form 990, Part VI, Section B, Line 15

The ceo's compenation is determined by a compensation committee using the nreca annual compensation survey as a guide. The compensation committee consists of all members of the board directors.

Form 990, Part VI, Section C, Line 19

The remc's governing documents, conflict of interest policy, and annual report are available upon request.

Filing and Contact Details

Filer

Filer Name
Bartholomew County Remc
EIN
35-0165008
Phone
8123722546
Address
PO BOX 467, COLUMBUS, IN 47202-0467

Signing Officer

Name
Courtney Metzger
Title
CEO
Phone
8123722546
Signed
2024-08-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Courtney Metzger
Formed
1937
Legal Domicile
In
Voting Board Members
7
Independent Board Members
7
Employees
41
Volunteers
0

Preparer

Firm
Lwg Cpas & Advisors
Address
1776 N MERIDIAN ST STE 500, INDIANAPOLIS, IN 46202
Preparer
Earl L Ridlen
Phone
3176344747
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Net increase in memberships 385. Allocation of 2023 margins 2,064,978. Retirement of patronage capital -2,727,020. Decrease in accumulated other comprehensive income -45,168.

Form 990, Part XII, Line 2C

No change from the prior year.

Raw XML AppendixShowing 400 of 606 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt10JOURNEYMAN LINEMAN
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