Civic Intelligence

Harrison County Rural Electric Membership Corporation

EIN 35-0367872 • 501(c)12 • Corydon, IN

Profile

The mission of harrison remc is to provide a well-informed membership with superior, competitively priced, electric and related customer service(s), accomplished by highly trained, committed employees. It is further the mission to improve the quality of life for our members by promoting community, economic developement and energy efficiency activities.

1165 Old Forest Road P O Box 5Corydon, IN 47112

www.harrisonremc.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

15th percentile

0.34x

Higher debt load relative to assets than 15% of similar nonprofits.

501(c)12 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

14th percentile

0.72x

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

501(c)12 • $100M-$250M nonprofits • Source year 2024

Net Margin

48th percentile

0.0%

Higher net margin than 48% of similar nonprofits.

501(c)12 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

83rd percentile

$524,164

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

501(c)12 • $100M-$250M nonprofits • Source year 2024

Asset Growth

50th percentile

4.4%

Faster asset growth than 50% of similar nonprofits.

501(c)12 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

62nd percentile

6.2%

Faster revenue growth than 62% of similar nonprofits.

501(c)12 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$146,413,649

Up $6,178,868 (+4.4%) from 2023

Liabilities

Up

$49,894,303

Up $2,382,704 (+5.0%) from 2023

Net Assets

Up

$96,519,346

Up $3,796,164 (+4.1%) from 2023

Operations
Liabilities / Revenue14th percentileNet Margin48th percentile

Revenue

Up

$69,592,170

Up $4,069,474 (+6.2%) from 2023

Expenses

Up

$69,592,170

Up $4,069,474 (+6.2%) from 2023

Net Income

Flat

$0

Flat from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth50th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2019: $118,902,464Liabilities 2019: $34,724,794Net Assets 2019: $84,177,6702019Assets 2020: $125,723,539Liabilities 2020: $38,934,108Net Assets 2020: $86,789,4312020Assets 2021: $130,552,109Liabilities 2021: $41,806,818Net Assets 2021: $88,745,2912021Assets 2022: $136,584,237Liabilities 2022: $46,459,708Net Assets 2022: $90,124,5292022Assets 2023: $140,234,781Liabilities 2023: $47,511,599Net Assets 2023: $92,723,1822023Assets 2024: $146,413,649Liabilities 2024: $49,894,303Net Assets 2024: $96,519,3462024

Highlighted filing

2024

Assets$146,413,649
Liabilities$49,894,303
Net Assets$96,519,346
Open 2024 Filing

Operations Trend

Revenue Growth62nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80M$60M$40M$20M$0Revenue 2019: $61,020,386Expenses 2019: $61,020,386Net Income 2019: $02019Revenue 2020: $58,034,432Expenses 2020: $58,034,432Net Income 2020: $02020Revenue 2021: $57,440,710Expenses 2021: $57,440,710Net Income 2021: $02021Revenue 2022: $62,057,885Expenses 2022: $62,057,885Net Income 2022: $02022Revenue 2023: $65,522,696Expenses 2023: $65,522,696Net Income 2023: $02023Revenue 2024: $69,592,170Expenses 2024: $69,592,170Net Income 2024: $02024

Highlighted filing

2024

Revenue$69,592,170
Expenses$69,592,170
Net Income$0
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$146,413,649
Liabilities
$49,894,303
Net assets
$96,519,346
Revenue
$69,592,170
Expenses
$69,592,170
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$146$49.9$96.5$69.6$69.6$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$140$47.5$92.7$65.5$65.5$0.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$137$46.5$90.1$62.1$62.1$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$131$41.8$88.7$57.4$57.4$0.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$126$38.9$86.8$58.0$58.0$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$119$34.7$84.2$61.0$61.0$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 12, 2025
Return Version
2024v5.1
Gross Receipts
$69,592,170
Mission and Program Overview

Mission

The mission of harrison remc is to provide a well-informed membership with superior, competitively priced, electric and related customer service(s), accomplished by highly trained, committed employees. It is further the mission to improve the quality of life for our members by promoting community, economic developement and energy efficiency activities.

Distribution of electricity to approximately 24,500 members on a cooperative basis.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$90,140,938$96,786,678▲ $6,645,740
Rtn Earn Endowment Incm Other Fnds$90,160,973$93,624,816▲ $3,463,843
Investments Program Related$30,006,379$30,361,700▲ $355,321
Accounts Receivable$6,186,048$7,183,905▲ $997,857
Savings and Temporary Cash Investments$6,000,000$0▼ $6,000,000
Prepaid Expenses and Deferred Charges$687,234$3,767,104▲ $3,079,870
Inventories for Sale or Use$3,017,963$3,458,214▲ $440,251
Investments in Publicly Traded Securities$2,946,900$3,068,177▲ $121,277
Pd in Cap Srpls Land Bldg Eqp Fund$2,562,209$2,894,530▲ $332,321
Cash and Non-Interest-Bearing Accounts$1,249,319$1,787,871▲ $538,552
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$140,234,781$146,413,649▲ $6,178,868
Liabilities
Mortgage Notes Payable Secured by Investment Property$38,680,774$41,547,937▲ $2,867,163
Other Liabilities$5,315,603$5,359,987▲ $44,384
Accounts Payable and Accrued Expenses$3,515,222$2,986,379▼ $528,843
Total Liabilities$47,511,599$49,894,303▲ $2,382,704
Net Assets / Fund Balance
Total Net Assets Fund Balance$92,723,182$96,519,346▲ $3,796,164
Total Liabilities and Net Assets / Fund Balance$140,234,781$146,413,649▲ $6,178,868

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$91,786,762$29,857,708$121,644,470
Leasehold Improvements$3,485,336$5,696,134$9,181,470
Buildings$1,030,362$2,409,486$3,439,848
Land$484,218-$484,218
Investment Program Related Org$2,284,340--
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
David C LettChief Executive OfficerFT$325,895$198,269$524,164
Steven MooreBusiness ManagerFT$173,486$58,611$232,097
Ryan StrohbeckEngineering Operations ManFT$158,060$38,754$196,814
Logan MurphyEmployeeFT$138,259$17,392$155,651
Derek SaundersEmployeeFT$149,669$5,262$154,931
Trysten WilliamsEmployeeFT$134,212$15,263$149,475
David PoePresident-$21,893-$21,893
Craig EnglemanSecretary/treasurer-$19,862-$19,862
David L WaltherDirector-$19,194-$19,194
Danny WisemanDirector-$18,618-$18,618
Patrick BookDirector-$17,429-$17,429
C Todd UhlDirector-$15,450-$15,450
Darin DuncanDirector-$14,336-$14,336
Brian KoetterVice President-$11,985-$11,985
Roy ZimmermanDirector-$10,818-$10,818

Highest Paid Contractors

ContractorServicesLocationCompensation
William E Groves ConstructionElectric Plant Construction3135 GRAPEVINE RD, Madisonville, KY 42431$2,085,125
Wa Kendall And Company LLCTree Trimming1100 E 100 S, Mooresville, IN 46160$1,824,990
H And L Tree Trimming INCTree Triming1002 RODGERS PARK DR, North Vernon, IN 47265$1,606,821
S&m Nix Enterprises LLCExcavating13060 FREDERICKSBURG RD NW, Depauw, IN 47115$750,675
D J Windell INCLog Pole Transportation3094 OLD HEINZ RD NE, Corydon, IN 47112$386,386
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$66,842,988
Investment Income
$821,056
Other Revenue
$1,928,126
Change in Net Assets
$0

Audited Revenue Reconciliation

Revenue per Audited Statements
$69,592,170
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$69,592,170
Total Revenue per Form 990
$69,592,170
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$58,209,497
Salaries, Compensation, and Employee Benefits$6,049,360
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$5,333,313
Depreciation Depletion---$4,436,866
Comp Disqual Persons---$3,021,600
Current Officers, Directors, Trustees, and Key Employees---$1,562,717
Interest---$1,125,359
Pension Plan Contributions---$658,592
Payroll Taxes---$423,650
Other Employee Benefits---$382,801
Other Expenses---$350,844
All Other Expenses---$47,478
Total Functional Expenses$0$0$0$69,592,170

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$69,592,170
Expenses per Audited Statements$64,258,857
Total Expenses per Audited Statements$64,258,857
Expenses Not Reported on Financial Statements$5,333,313
Other Expense Adjustments$5,333,313
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$2,000
Total Exempt Function Spending$2,000

Section 527 Organizations

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

Other Reported Liabilities

LiabilityAmount
Customer Advances for Construction$2,521,543
Consumer Deposits$1,373,888
Post Employment Benefit Sick Leave Payable$1,144,396
Accumulated Post-retirement Benefit Obligation$320,160
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
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
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

“Harrison remc is a cooperative owned by its approximate 24,500 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 governing body”

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

“The form 990 was reviewed by the board of directors and ceo before it was filed with the irs.”

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

“The conflict of interest policy is periodically reviewed by the board of directors and ceo.”

Form 990, Part VI, Section B, Line 15A

“Board of directors reviews state and national salary surveys for comparable positions.”

Form 990, Part VI, Section C, Line 19

“The governing documents, conflict of interest policy and annual financial statements are available upon written request.”

Filing and Contact Details

Filer

Filer Name
Harrison County Rural Electric
EIN
35-0367872
Phone
8127384115
Address
1165 OLD FOREST ROAD P O BOX 5, CORYDON, IN 47112
Doing Business As
Harrison Remc

Signing Officer

Name
David C Lett
Title
Chief Executive Officer
Phone
8127384115
Signed
2025-06-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David C Lett
Formed
1938
Legal Domicile
In
Voting Board Members
9
Independent Board Members
9
Employees
54
Volunteers
0

Preparer

Firm
MONROE SHINE & CO INC CPA'S
Address
PO BOX 1407, NEW ALBANY, IN 47151-1407
Preparer
Christopher M Hawkins CPA
Phone
8129452311
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“2024 margins allocated to members 5,333,313. Increase in accumulated other comprehensive income 332,321. Retirement of patronage capital to members -1,852,883.”

Financial Statement Notes

PART X, LINE 2:

“The utility is exempt from federal income taxes under section 501(c)(12) of the internal revenue code. Accordingly, the financial statements do not include a provision for income taxes. The utility is also exempt from the indiana utility receipts tax under ic 6-2.1-3-33. The utility has adopted asc topic 740, income taxes, as it relates to uncertain tax positions. The utility is not currently being examined by any tax jurisdictions and management believes its tax-exempt status would be upheld under examination. No provision for uncertain tax positions have been recorded at december 31, 2024.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“2024 margins allocated to members 5,333,313.”

Raw XML AppendixShowing 400 of 572 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
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt317429
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt419194
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt510818
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt715450
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt818618
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9325895
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10149669
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11138259
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12173486
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13134212
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14158060
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/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt10EMPLOYEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11EMPLOYEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12BUSINESS MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt13EMPLOYEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14ENGINEERING OPERATIONS MAN
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01938
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt069592170
IRS990/GrossRentsGrp/PersonalAmt0361532
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt06
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/TotalAmt01125359
IRS990/InventoriesForSaleOrUseGrp/BOYAmt03017963
IRS990/InventoriesForSaleOrUseGrp/EOYAmt03458214
IRS990/InvestmentIncomeGrp/ExclusionAmt0821056
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0821056
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt030006379
IRS990/InvestmentsProgramRelatedGrp/EOYAmt030361700
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02946900
IRS990/InvestmentsPubTradedSecGrp/EOYAmt03068177
IRS990/IRPDocumentCnt028
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt037963328
IRS990/LandBldgEquipBasisNetGrp/BOYAmt090140938
IRS990/LandBldgEquipBasisNetGrp/EOYAmt096786678
IRS990/LandBldgEquipCostOrOtherBssAmt0134750006
IRS990/LegalDomicileStateCd0IN
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt068409582
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF HARRISON REMC IS TO PROVIDE A WELL-INFORMED MEMBERSHIP WITH SUPERIOR, COMPETITIVELY PRICED, ELECTRIC AND RELATED CUSTOMER SERVICE(S), ACCOMPLISHED BY HIGHLY TRAINED, COMMITTED EMPLOYEES. IT IS FURTHER THE MISSION TO IMPROVE THE QUALITY OF LIFE FOR OUR MEMBERS BY PROMOTING COMMUNITY, ECONOMIC DEVELOPEMENT AND ENERGY EFFICIENCY ACTIVITIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt038680774
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt041547937
IRS990/NetAssetsOrFundBalancesBOYAmt092723182
IRS990/NetAssetsOrFundBalancesEOYAmt096519346
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0361532
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0361532
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-16587
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt03812751
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0382801
IRS990/OtherExpensesGrp/Desc0PURCHASED POWER
IRS990/OtherExpensesGrp/Desc1DISTRIBUTION EXPENSE
IRS990/OtherExpensesGrp/Desc2CONSUMER ACCOUNT EXPENS
IRS990/OtherExpensesGrp/Desc3PERSONAL PROPERTY TAX
IRS990/OtherExpensesGrp/TotalAmt046412073
IRS990/OtherExpensesGrp/TotalAmt15390625
IRS990/OtherExpensesGrp/TotalAmt2446252
IRS990/OtherExpensesGrp/TotalAmt3350844
IRS990/OtherLiabilitiesGrp/BOYAmt05315603
IRS990/OtherLiabilitiesGrp/EOYAmt05359987
IRS990/OtherRevenueMiscGrp/BusinessCd0221000
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01566594
IRS990/OtherRevenueTotalAmt01566594
IRS990/OtherSourcesGrossIncomeAmt01182588
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0423650
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt02562209
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt02894530
IRS990/PensionPlanContributionsGrp/TotalAmt0658592
IRS990/PoliticalCampaignActyInd01
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0687234
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03767104
IRS990/PrincipalOfficerNm0DAVID C LETT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/Desc0ELECTRIC REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt066842988
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt066842988
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt03362597
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0812815
IRS990/PYOtherExpensesAmt056163308
IRS990/PYOtherRevenueAmt02226951
IRS990/PYProgramServiceRevenueAmt062482930
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYSalariesCompEmpBnftPaidAmt05996791
IRS990/PYTotalExpensesAmt065522696
IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/RelatedOrganizationCtrlEntInd00
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IRS990/ReportOtherAssetsInd00
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt090160973
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt093624816
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06000000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/Form1120POLFiledInd01
IRS990ScheduleC/InternalFundsContributedAmt02000
IRS990ScheduleC/PoliticalExpendituresAmt02000
IRS990ScheduleC/Section527PoliticalOrgGrp/EIN0351998087
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0INDIANA FORE - POLITICAL ACTION
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt02000
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt011805 PENNSYLVANIA ST
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm0CARMEL
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd0IN
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd046032
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0HARRISON COUNTY REMC DONATED TO INDIANA FORE, A POLITICAL ACTION GROUP WORKING IN THE INTEREST OF RURAL UTILITIES.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I-A, LINE 1:
IRS990ScheduleC/TotalExemptFunctionExpendAmt02000
IRS990ScheduleD/BuildingsGrp/BookValueAmt01030362
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02409486
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03439848
IRS990ScheduleD/EquipmentGrp/BookValueAmt091786762
IRS990ScheduleD/EquipmentGrp/DepreciationAmt029857708
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0121644470
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt05333313
IRS990ScheduleD/ExpensesSubtotalAmt064258857
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt028077360
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt12284340
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0PATRONAGE CAPITAL IN WHOLESALE POWER SUPPLIER
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1PATRONAGE CAPITAL IN OTHER VENDOR/COOPERATIVES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/LandGrp/BookValueAmt0484218
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0484218
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt03485336
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt05696134
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt09181470
IRS990ScheduleD/OtherExpensesNotIncludedAmt05333313
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0320160
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11144396
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22521543
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31373888
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCUMULATED POST-RETIREMENT BENEFIT OBLIGATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1POST EMPLOYMENT BENEFIT SICK LEAVE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CUSTOMER ADVANCES FOR CONSTRUCTION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3CONSUMER DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt069592170
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE UTILITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THE FINANCIAL STATEMENTS DO NOT INCLUDE A PROVISION FOR INCOME TAXES. THE UTILITY IS ALSO EXEMPT FROM THE INDIANA UTILITY RECEIPTS TAX UNDER IC 6-2.1-3-33. THE UTILITY HAS ADOPTED ASC TOPIC 740, INCOME TAXES, AS IT RELATES TO UNCERTAIN TAX POSITIONS. THE UTILITY IS NOT CURRENTLY BEING EXAMINED BY ANY TAX JURISDICTIONS AND MANAGEMENT BELIEVES ITS TAX-EXEMPT STATUS WOULD BE UPHELD UNDER EXAMINATION. NO PROVISION FOR UNCERTAIN TAX POSITIONS HAVE BEEN RECORDED AT DECEMBER 31, 2024.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt12024 MARGINS ALLOCATED TO MEMBERS 5,333,313.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt096786678
IRS990ScheduleD/TotalBookValueProgramRltdAmt030361700
IRS990ScheduleD/TotalExpensesPerForm990Amt069592170
IRS990ScheduleD/TotalLiabilityAmt05359987
IRS990ScheduleD/TotalRevenuePerForm990Amt069592170
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt069592170
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt064258857
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0325895
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1173486
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2158060

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