Civic Intelligence

Daviess-Martin County Remc

990 • Fiscal year 2020 • EIN 35-0261964

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 07, 2021

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

14th percentile

0.29x

Higher debt load relative to assets than 14% of similar nonprofits.

2020 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

7th percentile

0.43x

Higher debt load relative to revenue than 7% of similar nonprofits.

2020 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2020

Net Margin

67th percentile

3.1%

Higher net margin than 67% of similar nonprofits.

2020 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

15th percentile

$177,307

Higher top officer pay than 15% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2020 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2020

Asset Growth

51st percentile

3.6%

Faster asset growth than 51% of similar nonprofits.

2020 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Revenue Growth

44th percentile

-2.1%

Faster revenue growth than 44% of similar nonprofits.

2020 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$53,226,062

Up $1,836,814 (+3.6%) from 2019

Net Assets

Down

$37,771,562

Down $1,973,950 (-5.0%) from 2019

Liabilities

Up

$15,454,500

Up $3,810,764 (+33%) from 2019

Revenue And Expenses
Liabilities / Revenue7th percentileNet Margin67th percentile

Revenue

Down

$35,597,933

Down $755,081 (-2.1%) from 2019

Expenses

Down

$34,491,032

Down $466,728 (-1.3%) from 2019

Net Income

Down

$1,106,901

Down $288,353 (-21%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth51st 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

2020

Assets$53,226,062
Liabilities$15,454,500
Net Assets$37,771,562
Open 2020 Filing

Operations Trend

Revenue Growth44th 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

2020

Revenue$35,597,933
Expenses$34,491,032
Net Income$1,106,901
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 7, 2021
Return Version
2020v4.1
Gross Receipts
$35,621,243
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$39,745,512$37,771,562▼ $1,973,950
Land, Buildings, and Equipment, Net$28,707,687$30,587,243▲ $1,879,556
Investments Other Securities$17,976,568$18,022,358▲ $45,790
Accounts Receivable$3,408,520$3,369,141▼ $39,379
Inventories for Sale or Use$551,441$500,725▼ $50,716
Cash and Non-Interest-Bearing Accounts$320,826$418,750▲ $97,924
Prepaid Expenses and Deferred Charges$157,206$131,789▼ $25,417
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$51,389,248$53,226,062▲ $1,836,814
Other Assets Total$267,000$196,056▼ $70,944
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,361,170$9,503,562▲ $3,142,392
Accounts Payable and Accrued Expenses$4,398,222$3,997,243▼ $400,979
Other Liabilities$884,344$1,953,695▲ $1,069,351
Total Liabilities$11,643,736$15,454,500▲ $3,810,764
Net Assets / Fund Balance
Total Net Assets Fund Balance$39,745,512$37,771,562▼ $1,973,950
Total Liabilities and Net Assets / Fund Balance$51,389,248$53,226,062▲ $1,836,814

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$30,465,243$18,276,575$48,741,818
Land$122,000-$122,000
Other Securities$24,750--
Compensation and Service Providers
Top Officer Pay15th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael ArvinManager of FinanceFT$146,617$30,690$177,307
Steve EmbertonLinemanFT$108,393$39,093$147,486
Nathan AlbrightLinemanFT$113,850$32,433$146,283
Alan SimsLinemanFT$113,399$32,433$145,832
William SchmidtExec VP/gen ManagerFT$111,197$30,690$141,887
Caleb SandersLinemanFT$107,188$32,433$139,621
Tyler BostockLinemanFT$112,131$27,410$139,541
Jane Bahler-hurtExec VP/gen ManagerFT$54,811$17,866$72,677
Terry ChapmanDirector-$14,800$25,134$39,934
Steve StreepyPresidentPT$8,180$25,137$33,317
John EdwardsTreasurerPT$6,420$25,137$31,557
Dean HarrawoodDirector-$4,945$25,137$30,082
August BauerVice President-$6,931$12,093$19,024
Travis SummersSecretary-$7,924$6$7,930
Brandt SchuckmanDirector-$5,763$4$5,767
Dale MarchinoDirector-$3,581$2,095$5,676

Highest Paid Contractors

ContractorServicesLocationCompensation
Hoffman Tree Services LLCRight Of Way ClearingPO BOX 663, Washington, IN 47501$1,427,219
Electricom LLCContract LaborPO BOX 319, Paoli, IN 47454$1,235,533
United Utility SupplyInventory And MaterialsPO BOX 32170, Louisville, KY 40232$750,879
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$34,905,959
Investment Income
$61,210
Other Revenue
$630,764
Change in Net Assets
$1,106,901

Audited Revenue Reconciliation

Revenue per Audited Statements
$35,597,933
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$35,597,933
Total Revenue per Form 990
$35,597,933
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$33,923,138
Salaries, Compensation, and Employee Benefits$567,894
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$1,544,675
All Other Expenses---$892,335
Other Expenses---$573,747
Other Salaries and Wages---$567,894
Interest---$300,677
Fees for Services Legal---$136,026
Total Functional Expenses$0$0$0$34,491,032

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$34,491,032
Total Expenses per Audited Statements$34,491,032
Total Expenses per Form 990$34,491,032
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$1,000
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
John EdwardsBoard MemberDaviess-martin County Remc Has a Commitment to Purchase Power From Hoosier Energy, Which Is a Taxable Cooperative Entity. Mr. Edwards Sits on the Board of Directors of Hoosier Energy.No$27,113,528
Terry ChapmanBoard MemberDaviess-martin County Remc Makes Payments to Indiana Electric Cooperatives for Dues Fees, Training, and Other Services. Mr. Chapman Sits on the Board of Directors of Indiana Electric Cooperatives.No$65,853
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Patronage Capital Payable$1,717,995
Customer Advances in Construction$235,700
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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 11B

“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
Jane Bahler-hurt
Title
General Manager
Phone
8122954200
Signed
2021-07-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brandy Washler
Formed
1939
Legal Domicile
In
Voting Board Members
7
Independent Board Members
7
Employees
32
Volunteers
0

Preparer

Firm
London Witte Group
Address
1776 N MERIDIAN ST, INDIANAPOLIS, IN 46202
Preparer
Brian D Cherry
Phone
3176344747
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in comprehensive income 102,232. Patronage refunds declared -3,183,083.”

Form 990, Part XII, Line 2C

“The process has not changed from the prior year in regards to the oversight process or selection process.”

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 523 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt04398222
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt03997243
IRS990/AccountsReceivableGrp/BOYAmt03408520
IRS990/AccountsReceivableGrp/EOYAmt03369141
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE DEPENDABLE ELECTRICITY AND QUALITY SERVICES FOR OUR MEMEMBERS AT REASONABLE COST
IRS990/AllOtherExpensesGrp/TotalAmt0892335
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MANAGER OF FINANCE
IRS990/BooksInCareOfDetail/PhoneNum08122954200
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt012628 E 75 N
IRS990/BooksInCareOfDetail/USAddress/CityNm0LOOGOOTEE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd047553
IRS990/BusinessRlnWith35CtrlEntInd01
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0320826
IRS990/CashNonInterestBearingGrp/EOYAmt0418750
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt03
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt01427219
IRS990/ContractorCompensationGrp/CompensationAmt11235533
IRS990/ContractorCompensationGrp/CompensationAmt2750879
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0PO BOX 663
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1PO BOX 319
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2PO BOX 32170
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0WASHINGTON
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1PAOLI
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2LOUISVILLE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0IN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1IN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2KY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd047501
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd147454
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd240232
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0HOFFMAN TREE SERVICES LLC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1ELECTRICOM LLC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2UNITED UTILITY SUPPLY
IRS990/ContractorCompensationGrp/ServicesDesc0RIGHT OF WAY CLEARING
IRS990/ContractorCompensationGrp/ServicesDesc1CONTRACT LABOR
IRS990/ContractorCompensationGrp/ServicesDesc2INVENTORY AND MATERIALS
IRS990/CostOfGoodsSoldAmt013810
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt061210
IRS990/CYOtherExpensesAmt033923138
IRS990/CYOtherRevenueAmt0630764
IRS990/CYProgramServiceRevenueAmt034905959
IRS990/CYRevenuesLessExpensesAmt01106901
IRS990/CYSalariesCompEmpBnftPaidAmt0567894
IRS990/CYTotalExpensesAmt034491032
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt035597933
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt01544675
IRS990/Desc0DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMERS
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt032
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/ExpenseAmt034491032
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesLegalGrp/TotalAmt0136026
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.80
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.19
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt34.81
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.45
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt58.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt63.14
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.89
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1150.53
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1249.64
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1349.02
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1448.42
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1548.83
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd3X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt025137
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt125137
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt212093
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt325134
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt42095
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt525137
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt66
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt74
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt830690
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt930690
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1017866
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1132433
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1232433
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1339093
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1427410
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1532433
IRS990/Form990PartVIISectionAGrp/PersonNm0DEAN HARRAWOOD
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN EDWARDS
IRS990/Form990PartVIISectionAGrp/PersonNm2AUGUST BAUER
IRS990/Form990PartVIISectionAGrp/PersonNm3TERRY CHAPMAN
IRS990/Form990PartVIISectionAGrp/PersonNm4DALE MARCHINO
IRS990/Form990PartVIISectionAGrp/PersonNm5STEVE STREEPY
IRS990/Form990PartVIISectionAGrp/PersonNm6TRAVIS SUMMERS
IRS990/Form990PartVIISectionAGrp/PersonNm7BRANDT SCHUCKMAN
IRS990/Form990PartVIISectionAGrp/PersonNm8MICHAEL ARVIN
IRS990/Form990PartVIISectionAGrp/PersonNm9WILLIAM SCHMIDT
IRS990/Form990PartVIISectionAGrp/PersonNm10JANE BAHLER-HURT
IRS990/Form990PartVIISectionAGrp/PersonNm11ALAN SIMS
IRS990/Form990PartVIISectionAGrp/PersonNm12NATHAN ALBRIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm13STEVE EMBERTON
IRS990/Form990PartVIISectionAGrp/PersonNm14TYLER BOSTOCK
IRS990/Form990PartVIISectionAGrp/PersonNm15CALEB SANDERS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt04945
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16420
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt26931
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt314800
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt43581
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt58180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt67924
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt75763
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8146617
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9111197
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1054811
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11113399
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12113850
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13108393
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14112131
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15107188
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8MANAGER OF FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt9EXEC VP/GEN MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt10EXEC VP/GEN MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt11LINEMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt12LINEMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt13LINEMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt14LINEMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt15LINEMAN
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01939
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt014500
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt024000
IRS990/GrossReceiptsAmt035621243
IRS990/GrossSalesOfInventoryAmt017882
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt09
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/TotalAmt0300677
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0551441
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0500725
IRS990/InvestmentIncomeGrp/ExclusionAmt046710
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt046710
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt017976568
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt018022358
IRS990/IRPDocumentCnt055
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt018276575
IRS990/LandBldgEquipBasisNetGrp/BOYAmt028707687
IRS990/LandBldgEquipBasisNetGrp/EOYAmt030587243
IRS990/LandBldgEquipCostOrOtherBssAmt048863818
IRS990/LegalDomicileStateCd0IN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt09500
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt034905959
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/BOYAmt06361170
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt09503562
IRS990/NetAssetsOrFundBalancesBOYAmt039745512
IRS990/NetAssetsOrFundBalancesEOYAmt037771562
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt014500
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt014500
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt04072
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt04072
IRS990/NetUnrelatedBusTxblIncmAmt03072
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0267000
IRS990/OtherAssetsTotalGrp/EOYAmt0196056
IRS990/OtherChangesInNetAssetsAmt0-3080851
IRS990/OtherExpensesGrp/Desc0PURCHASED POWER
IRS990/OtherExpensesGrp/Desc1MAINTENANCE
IRS990/OtherExpensesGrp/Desc2OPERATIONS EXPENSE
IRS990/OtherExpensesGrp/Desc3CUSTOMER ACCOUNT EXPENS
IRS990/OtherExpensesGrp/TotalAmt027113528
IRS990/OtherExpensesGrp/TotalAmt12347219
IRS990/OtherExpensesGrp/TotalAmt21014931
IRS990/OtherExpensesGrp/TotalAmt3573747
IRS990/OtherLiabilitiesGrp/BOYAmt0884344
IRS990/OtherLiabilitiesGrp/EOYAmt01953695
IRS990/OtherRevenueMiscGrp/BusinessCd0900000
IRS990/OtherRevenueMiscGrp/Desc0PATRONAGE CAPITAL
IRS990/OtherRevenueMiscGrp/ExclusionAmt0626692
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0626692
IRS990/OtherRevenueTotalAmt0626692
IRS990/OtherSalariesAndWagesGrp/TotalAmt0567894
IRS990/OtherSourcesGrossIncomeAmt0691975
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd01
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0157206
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0131789
IRS990/PrincipalOfficerNm0BRANDY WASHLER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/Desc0ELECTRIC SALES
IRS990/ProgramServiceRevenueGrp/Desc1STREET LIGHTING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt034897929
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt18030
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt034897929
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt18030
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0185720
IRS990/PYOtherExpensesAmt034396871
IRS990/PYOtherRevenueAmt0955077
IRS990/PYProgramServiceRevenueAmt035212217
IRS990/PYRevenuesLessExpensesAmt01395254
IRS990/PYSalariesCompEmpBnftPaidAmt0560889
IRS990/PYTotalExpensesAmt034957760
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt036353014
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt01106901
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt034910031
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt039745512
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt037771562
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/PoliticalExpendituresAmt01000
IRS990ScheduleC/Section527PoliticalOrgGrp/EIN0351998087
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0INDIANA FORE
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt08888 KEYSTONE CROSSING SUITE 1600
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm0INDIANAPOLIS
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd0IN
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd046240
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0MONETARY DONATIONS
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I-A, LINE 1:
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt034491032
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0122000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0122000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt030465243
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt018276575
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt048741818
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0235700
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11717995
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER ADVANCES IN CONSTRUCTION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PATRONAGE CAPITAL PAYABLE
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt017410194
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt180339
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2100
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt312500
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt41000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt5491370
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt61105
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt71000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt824750
IRS990ScheduleD/OtherSecuritiesGrp/Desc0PATRONAGE CAPITAL
IRS990ScheduleD/OtherSecuritiesGrp/Desc1INVESTMENT- IN STATEWIDE
IRS990ScheduleD/OtherSecuritiesGrp/Desc2INVESTMENT- NCSC
IRS990ScheduleD/OtherSecuritiesGrp/Desc3INVESTMENT- CRC
IRS990ScheduleD/OtherSecuritiesGrp/Desc4INVESTMENT- CFC
IRS990ScheduleD/OtherSecuritiesGrp/Desc5INVESTMENT- CTC
IRS990ScheduleD/OtherSecuritiesGrp/Desc6INVESTMENT- HOOSIER ENERGY
IRS990ScheduleD/OtherSecuritiesGrp/Desc7INVESTMENT- NRTC
IRS990ScheduleD/OtherSecuritiesGrp/Desc8INVESTMENT- FREIC
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd5C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd6C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd7C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd8C
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt035597933
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/TotalBookValueLandBuildingsAmt030587243
IRS990ScheduleD/TotalBookValueSecuritiesAmt018022358
IRS990ScheduleD/TotalExpensesPerForm990Amt034491032
IRS990ScheduleD/TotalLiabilityAmt01953695
IRS990ScheduleD/TotalRevenuePerForm990Amt035597933
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt035597933
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt034491032
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0146617

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$53,226,062
Liabilities
$15,454,500
Net assets
$37,771,562
Revenue
$35,597,933
Expenses
$34,491,032
Net income
$1,106,901
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