Civic Intelligence

Daviess-Martin County Remc

990 • Fiscal year 2015 • EIN 35-0261964

Jan 01, 2015 to Dec 31, 2015 • Filed on Apr 27, 2016

Organization ProfileWWW.DMREMC.COM
12628 E 75 NLoogootee, IN 47553

(812) 295-4200

Siviq Scores

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

Liabilities / Assets

18th percentile

0.33x

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

2015 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2015

Liabilities / Revenue

9th percentile

0.44x

Higher debt load relative to revenue than 9% of similar nonprofits.

2015 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2015

Net Margin

70th percentile

4.6%

Higher net margin than 70% of similar nonprofits.

2015 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$145,751

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2015 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2015

Asset Growth

49th percentile

2.2%

Faster asset growth than 49% of similar nonprofits.

2015 filings • 501(c)12 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Revenue Growth

51st percentile

-1.3%

Faster revenue growth than 51% of similar nonprofits.

2015 filings • 501(c)12 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets18th percentile

Assets

Up

$47,790,992

Up $1,010,987 (+2.2%) from 2014

Net Assets

Up

$31,811,779

Up $1,479,376 (+4.9%) from 2014

Liabilities

Down

$15,979,213

Down $468,389 (-2.8%) from 2014

Revenue And Expenses
Liabilities / Revenue9th percentileNet Margin70th percentile

Revenue

Down

$36,235,129

Down $472,077 (-1.3%) from 2014

Expenses

Down

$34,576,139

Down $276,023 (-0.8%) from 2014

Net Income

Down

$1,658,990

Down $196,054 (-11%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

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

$80M$60M$40M$20M$0Assets 2012: $44,880,241Liabilities 2012: $16,755,396Net Assets 2012: $28,124,8452012Assets 2013: $46,093,175Liabilities 2013: $16,756,261Net Assets 2013: $29,336,9142013Assets 2014: $46,780,005Liabilities 2014: $16,447,602Net Assets 2014: $30,332,4032014Assets 2015: $47,790,992Liabilities 2015: $15,979,213Net Assets 2015: $31,811,7792015Assets 2016: $49,277,259Liabilities 2016: $15,371,685Net Assets 2016: $33,905,5742016Assets 2017: $49,752,157Liabilities 2017: $13,592,176Net Assets 2017: $36,159,9812017Assets 2018: $50,274,906Liabilities 2018: $11,069,300Net Assets 2018: $39,205,6062018Assets 2019: $51,389,248Liabilities 2019: $11,643,736Net Assets 2019: $39,745,5122019Assets 2020: $53,226,062Liabilities 2020: $15,454,500Net Assets 2020: $37,771,5622020Assets 2021: $55,417,013Liabilities 2021: $18,027,198Net Assets 2021: $37,389,8152021Assets 2022: $61,548,405Liabilities 2022: $24,411,461Net Assets 2022: $37,136,9442022Assets 2023: $62,601,202Liabilities 2023: $22,064,175Net Assets 2023: $40,537,0272023Assets 2024: $65,699,388Liabilities 2024: $22,246,447Net Assets 2024: $43,452,9412024

Highlighted filing

2015

Assets$47,790,992
Liabilities$15,979,213
Net Assets$31,811,779
Open 2015 Filing

Operations Trend

Revenue Growth51st percentile

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

$60M$40M$20M$0Expenses 2012: $33,403,5712012Revenue 2013: $36,336,683Expenses 2013: $34,497,107Net Income 2013: $1,839,5762013Revenue 2014: $36,707,206Expenses 2014: $34,852,162Net Income 2014: $1,855,0442014Revenue 2015: $36,235,129Expenses 2015: $34,576,139Net Income 2015: $1,658,9902015Revenue 2016: $36,594,973Expenses 2016: $34,255,724Net Income 2016: $2,339,2492016Revenue 2017: $35,922,176Expenses 2017: $33,938,469Net Income 2017: $1,983,7072017Revenue 2018: $37,027,443Expenses 2018: $35,289,838Net Income 2018: $1,737,6052018Revenue 2019: $36,353,014Expenses 2019: $34,957,760Net Income 2019: $1,395,2542019Revenue 2020: $35,597,933Expenses 2020: $34,491,032Net Income 2020: $1,106,9012020Revenue 2021: $37,042,333Expenses 2021: $34,943,203Net Income 2021: $2,099,1302021Revenue 2022: $39,754,758Expenses 2022: $38,111,294Net Income 2022: $1,643,4642022Revenue 2023: $44,489,781Expenses 2023: $41,546,454Net Income 2023: $2,943,3272023Revenue 2024: $44,845,765Expenses 2024: $41,813,621Net Income 2024: $3,032,1442024

Highlighted filing

2015

Revenue$36,235,129
Expenses$34,576,139
Net Income$1,658,990
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Apr 27, 2016
Return Version
2015v2.1
Gross Receipts
$36,270,845
Mission and Program Overview

Mission

To provide dependable electricity and quality services for our members at reasonable cost.

To provide dependable electricity and quality services for our memembers at reasonable cost

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$30,332,403$31,811,779▲ $1,479,376
Land, Buildings, and Equipment, Net$27,616,434$28,280,533▲ $664,099
Investments Other Securities$13,650,365$14,493,505▲ $843,140
Accounts Receivable$3,648,987$3,597,751▼ $51,236
Inventories for Sale or Use$482,218$466,970▼ $15,248
Cash and Non-Interest-Bearing Accounts$356,325$282,498▼ $73,827
Savings and Temporary Cash Investments$250,000$0▼ $250,000
Prepaid Expenses and Deferred Charges$168,060$142,373▼ $25,687
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$46,780,005$47,790,992▲ $1,010,987
Other Assets Total$607,616$527,362▼ $80,254
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,770,475$7,853,050▼ $917,425
Accounts Payable and Accrued Expenses$4,517,468$4,795,419▲ $277,951
Other Liabilities$3,159,659$3,330,744▲ $171,085
Total Liabilities$16,447,602$15,979,213▼ $468,389
Net Assets / Fund Balance
Total Net Assets Fund Balance$30,332,403$31,811,779▲ $1,479,376
Total Liabilities and Net Assets / Fund Balance$46,780,005$47,790,992▲ $1,010,987

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$28,158,533$14,530,509-
Land$122,000--
Other Securities$30,000--
Compensation and Service Providers
Top Officer Pay35th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
David W SutterExec VP/gen ManagerFT$110,933$34,818$145,751
Dennis WilsonLinemanFT$104,126$30,061$134,187
Nathan R AlbrightLinemanFT$101,839$30,061$131,900
Kenneth FryeExec VP/gen ManagerFT$111,809$17,962$129,771
Robert WilsonManager of FinanceFT$95,943$29,960$125,903
Jack E DivineLinemanFT$100,624$20,697$121,321
Terry ChapmanDirector-$8,820$19,372$28,192
Dale MarchinoDirector-$5,220$19,782$25,002
Steve StreepyDirector-$5,420$19,332$24,752
Dean HarrawoodPresident-$5,020$19,086$24,106
John EdwardsVice-president-$6,020$9,504$15,524
August BauerSecretaryPT$4,220$9,622$13,842
Michael ArvinTreasurer-$5,020$343$5,363

Highest Paid Contractors

ContractorServicesLocationCompensation
Electricom LLCConstructionPO BOX 319, Paoli, IN 47454$553,564
Townsend Tree ServiceTrim Trees And Clear Right-of-wayPO BOX 128, Parker City, IN 47368$425,345
Halter Tree ServiceTrim Trees And Clear Right-of-way4290 S HALTERVILLE RD, Vincennes, IN 47591$184,880
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$34,788,994
Investment Income
$53,845
Other Revenue
$1,392,290
Change in Net Assets
$1,658,990

Audited Revenue Reconciliation

Revenue per Audited Statements
$36,235,129
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$36,235,129
Total Revenue per Form 990
$36,235,129
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$33,381,401
Salaries, Compensation, and Employee Benefits$1,194,738
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$1,406,790
Current Officers, Directors, Trustees, and Key Employees---$925,614
Other Expenses---$660,168
All Other Expenses---$494,617
Interest---$410,500
Other Salaries and Wages---$269,124
Fees for Services Legal---$18,685
Total Functional Expenses$0$0$0$34,576,139

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$34,576,139
Total Expenses per Audited Statements$34,576,139
Total Expenses per Form 990$34,576,139
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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$1,250
Total Exempt Function Spending$1,250

Section 527 Organizations

OrganizationLocationAmount
35-1998087Indianapolis, IN$1,000
45-1534753Washington, IN$250
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
August BauerBoard MemberPURCHASED POWER: DAVIESS MARTIN COUNTY REMC HAS A COMMITMENT TO PURCHASE POWER FROM HOOSIER ENERGY, WHICH IS A TAXABLE COOPERATIVE ENTITY. MR. BAUER SITS ON THE BOARD OF DIRECTORS OF HOOSIER ENERGY.No$27,949,889
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Patronage Capital Payable$1,897,814
Customer Advances in Construction$1,432,930
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
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

“The members of the remc consist of those who receive electricity from the co-op.”

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

“The members elect the board of directors at an annual meeting depending on the district they live in.”

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

“Certain decisions to be made by the board of directors must be approved by the members.”

Form 990, Part VI, Section B, Line 11

“The 990 was distributed to the remc board prior to filing for review and comments.”

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

“The board reviews the policies regularly and employees are kept up-to-date.”

Form 990, Part VI, Section C, Line 19

“The members handbook and bylaws are mailed to new members and are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Daviess-martin County Remc
EIN
35-0261964
Phone
8122954200
Address
12628 E 75 N, LOOGOOTEE, IN 47553

Signing Officer

Name
David Sutter
Title
General Manager
Phone
8122954200
Signed
2016-04-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Wilson
Formed
1939
Legal Domicile
In
Voting Board Members
7
Independent Board Members
6
Employees
26
Volunteers
0

Preparer

Firm
London Witte Group
Address
1776 N MERIDIAN ST, INDIANAPOLIS, IN 46202
Preparer
Earl L Ridlen
Phone
3176344747
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in comprehensive income 16,500. Patronage retired -196,114.”

Part XII, Line 2C

“There has been no change in the process regarding oversight of the audit from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The adoption of this accounting principal does not have a material effect on its financial position, results of operations or cash flows as the remc does not believe they are taking an uncertain tax position.”

Raw XML AppendixShowing 400 of 488 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/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt02903
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt02903
IRS990/GrossReceiptsAmt036270845
IRS990/GrossSalesOfInventoryAmt039795
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt05
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/TotalAmt0410500
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0482218
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0466970
IRS990/InvestmentIncomeGrp/ExclusionAmt050942
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt050942
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt013650365
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt014493505
IRS990/IRPDocumentCnt015
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt014530509
IRS990/LandBldgEquipBasisNetGrp/BOYAmt027616434
IRS990/LandBldgEquipBasisNetGrp/EOYAmt028280533
IRS990/LandBldgEquipCostOrOtherBssAmt042811042
IRS990/LegalDomicileStateCd0IN
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt034788994
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE DEPENDABLE ELECTRICITY AND QUALITY SERVICES FOR OUR MEMBERS AT REASONABLE COST.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt08770475
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt07853050
IRS990/NetAssetsOrFundBalancesBOYAmt030332403
IRS990/NetAssetsOrFundBalancesEOYAmt031811779
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt02903
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt02903
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt04079
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt04079
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0607616
IRS990/OtherAssetsTotalGrp/EOYAmt0527362
IRS990/OtherChangesInNetAssetsAmt0-179614
IRS990/OtherExpensesGrp/Desc0PURCHASED POWER
IRS990/OtherExpensesGrp/Desc1MAINTENANCE
IRS990/OtherExpensesGrp/Desc2OPERATIONS EXPENSE
IRS990/OtherExpensesGrp/Desc3CUSTOMER ACCOUNT EXPENS
IRS990/OtherExpensesGrp/TotalAmt027949889
IRS990/OtherExpensesGrp/TotalAmt11650153
IRS990/OtherExpensesGrp/TotalAmt2790599
IRS990/OtherExpensesGrp/TotalAmt3660168
IRS990/OtherLiabilitiesGrp/BOYAmt03159659
IRS990/OtherLiabilitiesGrp/EOYAmt03330744
IRS990/OtherRevenueMiscGrp/BusinessCd0221000
IRS990/OtherRevenueMiscGrp/Desc0PATRONAGE CAPITAL
IRS990/OtherRevenueMiscGrp/ExclusionAmt01388211
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01388211
IRS990/OtherRevenueTotalAmt01388211
IRS990/OtherSalariesAndWagesGrp/TotalAmt0269124
IRS990/OtherSourcesGrossIncomeAmt01446135
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd01
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0168060
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0142373
IRS990/PrincipalOfficerNm0ROBERT WILSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/Desc0ELECTRIC SALES
IRS990/ProgramServiceRevenueGrp/Desc1STREET LIGHTING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt034781331
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt17663
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt034781331
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt17663
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt064571
IRS990/PYOtherExpensesAmt033962717
IRS990/PYOtherRevenueAmt01519416
IRS990/PYProgramServiceRevenueAmt035123219
IRS990/PYRevenuesLessExpensesAmt01855044
IRS990/PYSalariesCompEmpBnftPaidAmt0889445
IRS990/PYTotalExpensesAmt034852162
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt036707206
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt01658990
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt034788994
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt030332403
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt031811779
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0250000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/Form1120POLFiledInd01
IRS990ScheduleC/InternalFundsContributedAmt01250
IRS990ScheduleC/PoliticalExpendituresAmt01250
IRS990ScheduleC/Section527PoliticalOrgGrp/EIN0351998087
IRS990ScheduleC/Section527PoliticalOrgGrp/EIN1451534753
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0INDIANA FORE
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt1BASSLER CAMPAIGN COMMITTEE
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt01000
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt1250
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt0720 N HIGH SCHOOL ROAD
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt112 NE 7TH STREET
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm0INDIANAPOLIS
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm1WASHINGTON
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd0IN
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd1IN
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd046214
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd147501
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0MONETARY DONATIONS
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I-A, LINE 1:
IRS990ScheduleC/TotalExemptFunctionExpendAmt01250
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt034576139
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0122000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0122000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt028158533
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt014530509
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt042689042
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01432930
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11897814
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER ADVANCES IN CONSTRUCTION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PATRONAGE CAPITAL PAYABLE
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt048769
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1100
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt212500
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt313867461
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt41000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt5506820
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt61105
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt71000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt824750
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt930000
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INDIANA STATEWIDE
IRS990ScheduleD/OtherSecuritiesGrp/Desc1NCSC
IRS990ScheduleD/OtherSecuritiesGrp/Desc2CRC
IRS990ScheduleD/OtherSecuritiesGrp/Desc3PATRONAGE CAPITAL
IRS990ScheduleD/OtherSecuritiesGrp/Desc4CFC
IRS990ScheduleD/OtherSecuritiesGrp/Desc5CTC
IRS990ScheduleD/OtherSecuritiesGrp/Desc6HOOSIER ENERGY
IRS990ScheduleD/OtherSecuritiesGrp/Desc7NRTC
IRS990ScheduleD/OtherSecuritiesGrp/Desc8FREIC
IRS990ScheduleD/OtherSecuritiesGrp/Desc9SERVCO LLC
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd5F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd6F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd7F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd8F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd9F
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt036235129
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ADOPTION OF THIS ACCOUNTING PRINCIPAL DOES NOT HAVE A MATERIAL EFFECT ON ITS FINANCIAL POSITION, RESULTS OF OPERATIONS OR CASH FLOWS AS THE REMC DOES NOT BELIEVE THEY ARE TAKING AN UNCERTAIN TAX POSITION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt028280533
IRS990ScheduleD/TotalBookValueSecuritiesAmt014493505
IRS990ScheduleD/TotalExpensesPerForm990Amt034576139
IRS990ScheduleD/TotalLiabilityAmt03330744
IRS990ScheduleD/TotalRevenuePerForm990Amt036235129
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt036235129
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt034576139
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0AUGUST BAUER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt027949889
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PURCHASED POWER: DAVIESS MARTIN COUNTY REMC HAS A COMMITMENT TO PURCHASE POWER FROM HOOSIER ENERGY, WHICH IS A TAXABLE COOPERATIVE ENTITY. MR. BAUER SITS ON THE BOARD OF DIRECTORS OF HOOSIER ENERGY.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MEMBERS OF THE REMC CONSIST OF THOSE WHO RECEIVE ELECTRICITY FROM THE CO-OP.

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$47,790,992
Liabilities
$15,979,213
Net assets
$31,811,779
Revenue
$36,235,129
Expenses
$34,576,139
Net income
$1,658,990
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$65.7$22.2$43.5$44.8$41.8$3.03
2023Detailed filing. Detailed filing data is available for this year.$62.6$22.1$40.5$44.5$41.5$2.94
2022Detailed filing. Detailed filing data is available for this year.$61.5$24.4$37.1$39.8$38.1$1.64
2021Detailed filing. Detailed filing data is available for this year.$55.4$18.0$37.4$37.0$34.9$2.10
2020Detailed filing. Detailed filing data is available for this year.$53.2$15.5$37.8$35.6$34.5$1.11
2019Detailed filing. Detailed filing data is available for this year.$51.4$11.6$39.7$36.4$35.0$1.40
2018Detailed filing. Detailed filing data is available for this year.$50.3$11.1$39.2$37.0$35.3$1.74
2017Detailed filing. Detailed filing data is available for this year.$49.8$13.6$36.2$35.9$33.9$1.98
2016Detailed filing. Detailed filing data is available for this year.$49.3$15.4$33.9$36.6$34.3$2.34
2015Detailed filing. Detailed filing data is available for this year.$47.8$16.0$31.8$36.2$34.6$1.66
2014Detailed filing. Detailed filing data is available for this year.$46.8$16.4$30.3$36.7$34.9$1.86
2013Detailed filing. Detailed filing data is available for this year.$46.1$16.8$29.3$36.3$34.5$1.84
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$44.9$16.8$28.1$33.4