Civic Intelligence

Daviess-Martin County Remc

990 • Fiscal year 2021 • EIN 35-0261964

Jan 01, 2021 to Dec 31, 2021 • Filed on Jul 18, 2022

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.

2021 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2021

Liabilities / Revenue

7th percentile

0.49x

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

2021 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2021

Net Margin

74th percentile

5.7%

Higher net margin than 74% of similar nonprofits.

2021 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2021

Top Officer Pay

29th percentile

$212,767

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2021 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2021

Asset Growth

60th percentile

4.1%

Faster asset growth than 60% of similar nonprofits.

2021 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Revenue Growth

54th percentile

4.1%

Faster revenue growth than 54% of similar nonprofits.

2021 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets18th percentile

Assets

Up

$55,417,013

Up $2,190,951 (+4.1%) from 2020

Net Assets

Down

$37,389,815

Down $381,747 (-1.0%) from 2020

Liabilities

Up

$18,027,198

Up $2,572,698 (+17%) from 2020

Revenue And Expenses
Liabilities / Revenue7th percentileNet Margin74th percentile

Revenue

Up

$37,042,333

Up $1,444,400 (+4.1%) from 2020

Expenses

Up

$34,943,203

Up $452,171 (+1.3%) from 2020

Net Income

Up

$2,099,130

Up $992,229 (+90%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth60th 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

2021

Assets$55,417,013
Liabilities$18,027,198
Net Assets$37,389,815
Open 2021 Filing

Operations Trend

Revenue Growth54th 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

2021

Revenue$37,042,333
Expenses$34,943,203
Net Income$2,099,130
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jul 18, 2022
Return Version
2021v4.2
Gross Receipts
$37,099,912
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$37,771,562$37,389,815▼ $381,747
Land, Buildings, and Equipment, Net$30,587,243$31,743,822▲ $1,156,579
Investments Other Securities$18,022,358$18,459,471▲ $437,113
Accounts Receivable$3,369,141$3,177,554▼ $191,587
Cash and Non-Interest-Bearing Accounts$418,750$894,082▲ $475,332
Inventories for Sale or Use$500,725$824,807▲ $324,082
Prepaid Expenses and Deferred Charges$131,789$141,149▲ $9,360
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$53,226,062$55,417,013▲ $2,190,951
Other Assets Total$196,056$176,128▼ $19,928
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,503,562$11,039,342▲ $1,535,780
Accounts Payable and Accrued Expenses$3,997,243$4,722,908▲ $725,665
Other Liabilities$1,953,695$2,264,948▲ $311,253
Total Liabilities$15,454,500$18,027,198▲ $2,572,698
Net Assets / Fund Balance
Total Net Assets Fund Balance$37,771,562$37,389,815▼ $381,747
Total Liabilities and Net Assets / Fund Balance$53,226,062$55,417,013▲ $2,190,951

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$31,621,822$19,760,584$51,382,406
Land$122,000-$122,000
Other Securities$1,000--
Compensation and Service Providers
Top Officer Pay29th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jane Bahler-hurtGeneral ManagerFT$156,970$55,797$212,767
Steve EmbertonLine ForemanFT$122,514$40,379$162,893
Nathan AlbrightLinemanFT$120,110$38,719$158,829
Ryan DantDirector of OperationsFT$112,549$45,614$158,163
Alan SimsLinemanFT$118,721$38,719$157,440
Tyler BostockLinemanFT$112,549$33,584$146,133
D Terry ChapmanDirector-$37,472$25,130$62,602
Dean HarrawoodFormer Director-$21,790$20,708$42,498
John EdwardsTreasurerPT$24,392$16,753$41,145
August BauerPresident-$21,212$12,088$33,300
Josh DoveDirector-$13,902-$13,902
Brandt SchuckmanVice President-$12,007-$12,007
Amy BurrisDirector-$10,698-$10,698
Travis SummersSecretary-$10,652-$10,652

Highest Paid Contractors

ContractorServicesLocationCompensation
Hoffman Tree Services LLCRight Of Way ClearingPO BOX 663, Washington, IN 47501$1,399,263
Electricom LLCContract LaborPO BOX 319, Paoli, IN 47454$1,165,581
Bcrj INCTechnology Services1351 WEST TAPP RD, Bloomington, IN 47403$118,600
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$35,935,545
Investment Income
$69,325
Other Revenue
$1,037,463
Change in Net Assets
$2,099,130

Audited Revenue Reconciliation

Revenue per Audited Statements
$37,042,333
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$37,042,333
Total Revenue per Form 990
$37,042,333
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$34,265,011
Salaries, Compensation, and Employee Benefits$678,192
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$2,316,699
All Other Expenses---$1,146,244
Other Expenses---$715,497
Other Salaries and Wages---$678,192
Interest---$363,388
Fees for Services Legal---$197,088
Total Functional Expenses$0$0$0$34,943,203

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$34,943,203
Total Expenses per Audited Statements$34,943,203
Total Expenses per Form 990$34,943,203
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-
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Patronage Capital Payable$2,142,791
Customer Advances in Construction$122,157
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
2022-07-18
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 -64,765. Patronage refunds declared -2,416,112.”

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 586 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/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7GENERAL MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt8LINE FOREMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt9LINEMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt10LINEMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt11LINEMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR OF OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt13FORMER DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01939
IRS990/FormerOfcrEmployeesListedInd01
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt031600
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt051600
IRS990/GrossReceiptsAmt037099912
IRS990/GrossSalesOfInventoryAmt016626
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt09
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/TotalAmt0363388
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0500725
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0824807
IRS990/InvestmentIncomeGrp/ExclusionAmt037725
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt037725
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt018022358
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt018459471
IRS990/IRPDocumentCnt037
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt019760584
IRS990/LandBldgEquipBasisNetGrp/BOYAmt030587243
IRS990/LandBldgEquipBasisNetGrp/EOYAmt031743822
IRS990/LandBldgEquipCostOrOtherBssAmt051504406
IRS990/LegalDomicileStateCd0IN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt020000
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt035935546
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/BOYAmt09503562
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt011039342
IRS990/NetAssetsOrFundBalancesBOYAmt037771562
IRS990/NetAssetsOrFundBalancesEOYAmt037389815
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt031600
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt031600
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-20953
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0-20953
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0196056
IRS990/OtherAssetsTotalGrp/EOYAmt0176128
IRS990/OtherChangesInNetAssetsAmt0-2480877
IRS990/OtherExpensesGrp/Desc0PURCHASED POWER
IRS990/OtherExpensesGrp/Desc1MAINTENANCE
IRS990/OtherExpensesGrp/Desc2OPERATIONS EXPENSE
IRS990/OtherExpensesGrp/Desc3CUSTOMER ACCOUNT EXPENS
IRS990/OtherExpensesGrp/TotalAmt025643629
IRS990/OtherExpensesGrp/TotalAmt12496734
IRS990/OtherExpensesGrp/TotalAmt21385732
IRS990/OtherExpensesGrp/TotalAmt3715497
IRS990/OtherLiabilitiesGrp/BOYAmt01953695
IRS990/OtherLiabilitiesGrp/EOYAmt02264948
IRS990/OtherRevenueMiscGrp/BusinessCd0900000
IRS990/OtherRevenueMiscGrp/Desc0PATRONAGE CAPITAL
IRS990/OtherRevenueMiscGrp/ExclusionAmt01058416
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01058416
IRS990/OtherRevenueTotalAmt01058416
IRS990/OtherSalariesAndWagesGrp/TotalAmt0678192
IRS990/OtherSourcesGrossIncomeAmt01109065
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd01
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0131789
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0141149
IRS990/PrincipalOfficerNm0BRANDY WASHLER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/Desc0ELECTRIC SALES
IRS990/ProgramServiceRevenueGrp/Desc1STREET LIGHTING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt035927515
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt18030
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt035927515
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt18030
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt061210
IRS990/PYOtherExpensesAmt033923138
IRS990/PYOtherRevenueAmt0630764
IRS990/PYProgramServiceRevenueAmt034905959
IRS990/PYRevenuesLessExpensesAmt01106901
IRS990/PYSalariesCompEmpBnftPaidAmt0567894
IRS990/PYTotalExpensesAmt034491032
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt035597933
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt02099130
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt035937824
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt037771562
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt037389815
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/ExpensesSubtotalAmt034943203
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0122000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0122000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt031621822
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt019760584
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt051382406
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0122157
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12142791
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER ADVANCES IN CONSTRUCTION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PATRONAGE CAPITAL PAYABLE
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt017871057
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt180339
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2100
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt312500
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt41000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt5491370
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt61105
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt71000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt81000
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- COBANK
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/RevenueSubtotalAmt037042333
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/TotalBookValueLandBuildingsAmt031743822
IRS990ScheduleD/TotalBookValueSecuritiesAmt018459471
IRS990ScheduleD/TotalExpensesPerForm990Amt034943203
IRS990ScheduleD/TotalLiabilityAmt02264948
IRS990ScheduleD/TotalRevenuePerForm990Amt037042333
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt037042333
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt034943203
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0156970
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1122514
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2120110
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3112549
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt4118721
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt521790
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt30

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$55,417,013
Liabilities
$18,027,198
Net assets
$37,389,815
Revenue
$37,042,333
Expenses
$34,943,203
Net income
$2,099,130
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