Civic Intelligence

Henry County Rural Electric Membership

EIN 35-0377085 • 501(c)12 • New Castle, IN

View Organization Page

Profile

Provide reliable, safe and cost-competitive electric service to enhance the lives of our members and the communities we serve.

3400 S State Road 3New Castle, IN 47362

www.hcremc.com

Siviq Scores

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

Liabilities / Assets

41st percentile

0.46x

Higher debt load relative to assets than 41% of similar nonprofits.

501(c)12 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

32nd percentile

1.02x

Higher debt load relative to revenue than 32% of similar nonprofits.

501(c)12 • $50M-$100M nonprofits • Source year 2024

Net Margin

42nd percentile

0.0%

Higher net margin than 42% of similar nonprofits.

501(c)12 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$300,097

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

501(c)12 • $50M-$100M nonprofits • Source year 2024

Asset Growth

71st percentile

6.5%

Faster asset growth than 71% of similar nonprofits.

501(c)12 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

66th percentile

6.4%

Faster revenue growth than 66% of similar nonprofits.

501(c)12 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets41st percentile

Assets

Up

$71,672,252

Up $4,391,256 (+6.5%) from 2023

Liabilities

Up

$33,228,174

Up $1,183,482 (+3.7%) from 2023

Net Assets

Up

$38,444,078

Up $3,207,774 (+9.1%) from 2023

Operations
Liabilities / Revenue32nd percentileNet Margin42nd percentile

Revenue

Up

$32,627,865

Up $1,958,983 (+6.4%) from 2023

Expenses

Up

$32,627,865

Up $1,958,983 (+6.4%) from 2023

Net Income

Flat

$0

Flat from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth71st percentile

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

$80M$60M$40M$20M$0Assets 2010: $26,216,002Liabilities 2010: $4,149,576Net Assets 2010: $22,066,4262010Assets 2019: $55,097,349Liabilities 2019: $23,940,311Net Assets 2019: $31,157,0382019Assets 2020: $56,851,799Liabilities 2020: $25,480,924Net Assets 2020: $31,370,8752020Assets 2021: $59,562,351Liabilities 2021: $27,505,873Net Assets 2021: $32,056,4782021Assets 2022: $64,508,164Liabilities 2022: $32,431,935Net Assets 2022: $32,076,2292022Assets 2023: $67,280,996Liabilities 2023: $32,044,692Net Assets 2023: $35,236,3042023Assets 2024: $71,672,252Liabilities 2024: $33,228,174Net Assets 2024: $38,444,0782024

Highlighted filing

2024

Assets$71,672,252
Liabilities$33,228,174
Net Assets$38,444,078
Open 2024 Filing

Operations Trend

Revenue Growth66th percentile

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

$40M$30M$20M$10M$0-$10MExpenses 2010: $17,701,7962010Revenue 2019: $24,902,289Expenses 2019: $24,902,289Net Income 2019: $02019Revenue 2020: $24,431,155Expenses 2020: $24,431,155Net Income 2020: $02020Revenue 2021: $24,960,625Expenses 2021: $24,960,625Net Income 2021: $02021Revenue 2022: $26,891,779Expenses 2022: $26,929,478Net Income 2022: -$37,6992022Revenue 2023: $30,668,882Expenses 2023: $30,668,882Net Income 2023: $02023Revenue 2024: $32,627,865Expenses 2024: $32,627,865Net Income 2024: $02024

Highlighted filing

2024

Revenue$32,627,865
Expenses$32,627,865
Net Income$0
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$71,672,252
Liabilities
$33,228,174
Net assets
$38,444,078
Revenue
$32,627,865
Expenses
$32,627,865
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$71.7$33.2$38.4$32.6$32.6$0.00
2023Detailed filing. Detailed filing data is available for this year.$67.3$32.0$35.2$30.7$30.7$0.00
2022Detailed filing. Detailed filing data is available for this year.$64.5$32.4$32.1$26.9$26.9$0.04
2021Detailed filing. Detailed filing data is available for this year.$59.6$27.5$32.1$25.0$25.0$0.00
2020Detailed filing. Detailed filing data is available for this year.$56.9$25.5$31.4$24.4$24.4$0.00
2019Detailed filing. Detailed filing data is available for this year.$55.1$23.9$31.2$24.9$24.9$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.2$4.15$22.1$17.7
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 26, 2025
Return Version
2024v5.2
Gross Receipts
$32,628,606
Mission and Program Overview

Mission

Henry county remc is a member owned cooperative focused on providing reliable, safe and cost-competitive electric service to enhance the lives of our members and the communities we serve.

Distribution of electricity to approximately 7,800 members on a cooperative basis.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$50,337,617$53,845,745▲ $3,508,128
Rtn Earn Endowment Incm Other Fnds$35,045,763$38,253,080▲ $3,207,317
Investments Program Related$10,773,897$10,945,086▲ $171,189
Accounts Receivable$3,321,757$3,826,468▲ $504,711
Inventories for Sale or Use$1,354,751$1,377,356▲ $22,605
Cash and Non-Interest-Bearing Accounts$571,311$1,152,752▲ $581,441
Pd in Cap Srpls Land Bldg Eqp Fund$190,541$190,998▲ $457
Prepaid Expenses and Deferred Charges$254,388$96,828▼ $157,560
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$67,280,996$71,672,252▲ $4,391,256
Other Assets Total$667,275$428,017▼ $239,258
Liabilities
Mortgage Notes Payable Secured by Investment Property$27,485,587$28,443,835▲ $958,248
Accounts Payable and Accrued Expenses$3,531,314$4,073,190▲ $541,876
Other Liabilities$1,027,791$711,149▼ $316,642
Total Liabilities$32,044,692$33,228,174▲ $1,183,482
Net Assets / Fund Balance
Total Net Assets Fund Balance$35,236,304$38,444,078▲ $3,207,774
Total Liabilities and Net Assets / Fund Balance$67,280,996$71,672,252▲ $4,391,256

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$46,501,786$22,060,136$68,561,922
Buildings$7,084,770$1,703,814$8,788,584
Land$259,189-$259,189
Investment Program Related Org$882,382--
Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Melissa TrueCEOFT$222,068$78,029$300,097
Adam WarwasChief Operations OfficerFT$167,264$50,773$218,037
Richard BryerEmployeeFT$144,701$64,257$208,958
Chad HinesleyEmployeeFT$132,789$46,846$179,635
Wesly JonesEmployeeFT$139,390$39,142$178,532
Cody WalkerEmployeeFT$132,039$36,675$168,714
Jamey MarcumVice PresidentPT$11,301-$11,301
Jay CarrSecretary-$10,962-$10,962
Mike ReynoldsDirector-$9,536-$9,536
Curtis PooreTreasurer-$8,897-$8,897
M Shane YoungPresident-$8,426-$8,426
Kerry GlissonDirector-$6,957-$6,957
Brian BeckerDirector-$4,219-$4,219
Scott HouserDirector-$3,977-$3,977
Joyce JesterDirector-$3,859-$3,859
Robert CraigDirector-$3,777-$3,777
Savanah GibsonDirector-$3,696-$3,696

Highest Paid Contractors

ContractorServicesLocationCompensation
Ampp ConstructionLine Construction810 W WASHINGTON ST, Winchester, IN 47394$1,104,742
Maroska INCDirectional Boring7255 S COUNTY ROAD 1075 W, Knightstown, IN 46148$654,958
Townsend Tree Service CompanyTree Trimming1015 W JACKSON ST, Muncie, IN 47305$654,152
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$31,751,843
Investment Income
$43,529
Other Revenue
$832,493
Change in Net Assets
$0

Audited Revenue Reconciliation

Revenue per Audited Statements
$32,627,865
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$32,627,865
Total Revenue per Form 990
$32,627,865
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$24,935,958
Salaries, Compensation, and Employee Benefits$3,993,173
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$3,698,734
Depreciation Depletion---$2,681,226
Other Salaries and Wages---$1,388,083
Current Officers, Directors, Trustees, and Key Employees---$1,329,580
Interest---$1,129,297
Other Employee Benefits---$666,078
Pension Plan Contributions---$424,202
Other Expenses---$365,600
All Other Expenses---$243,810
Payroll Taxes---$185,230
Total Functional Expenses$0$0$0$32,627,865

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$32,627,865
Expenses per Audited Statements$28,929,131
Total Expenses per Audited Statements$28,929,131
Expenses Not Reported on Financial Statements$3,698,734
Other Expense Adjustments$3,698,734
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
No
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$1,000
Total Exempt Function Spending$1,000

Section 527 Organizations

OrganizationLocationAmount
35-1998087Carmel, IN$1,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Postretirement Benefit Obligation$443,151
Operating Lease Liability$267,998
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Henry county remc is a cooperative owned by its approximate 9,700 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

“All governance decisions are subject to approval by the governing body”

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

“Ceo and manager of finance and administration review the 990 and then present it to the board for approval before filing 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 15

“The board compares wages of other remc's in the state of indiana to determine management and employee salaries.”

Form 990, Part VI, Section C, Line 19

“Documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Henry County Rural Electric Membership
EIN
35-0377085
Phone
8002488413
Address
3400 S STATE ROAD 3, NEW CASTLE, IN 47362
Doing Business As
Henry County Remc

Signing Officer

Name
Melissa True
Title
Chief Executive Officer
Phone
8002488413
Signed
2025-06-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melissa True
Formed
1936
Legal Domicile
In
Voting Board Members
11
Independent Board Members
11
Employees
37
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:

“Change in accumulated other comprehensive loss -74,396. Increase in memberships 457. Retirement of patronage capital to members -417,021. 2024 margins allocated to members 3,698,734.”

FORM 990, PART XII, LINE 2C:

“No change from the prior year”

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 memebers 3,698,734.”

Raw XML AppendixShowing 400 of 592 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/BOYAmt03531314
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt04073190
IRS990/AccountsReceivableGrp/BOYAmt03321757
IRS990/AccountsReceivableGrp/EOYAmt03826468
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 7,800 MEMBERS ON A COOPERATIVE BASIS.
IRS990/AllOtherExpensesGrp/TotalAmt0243810
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BenefitsToMembersGrp/TotalAmt03698734
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0AMBER HOUSER
IRS990/BooksInCareOfDetail/PhoneNum08002488413
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03400 S STATE ROAD 3
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW CASTLE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd047362
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0571311
IRS990/CashNonInterestBearingGrp/EOYAmt01152752
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt03
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt01329580
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt01104742
IRS990/ContractorCompensationGrp/CompensationAmt1654958
IRS990/ContractorCompensationGrp/CompensationAmt2654152
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0810 W WASHINGTON ST
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt17255 S COUNTY ROAD 1075 W
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt21015 W JACKSON ST
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0WINCHESTER
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1KNIGHTSTOWN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2MUNCIE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0IN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1IN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2IN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd047394
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd146148
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd247305
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0AMPP CONSTRUCTION
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1MAROSKA INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2TOWNSEND TREE SERVICE COMPANY
IRS990/ContractorCompensationGrp/ServicesDesc0LINE CONSTRUCTION
IRS990/ContractorCompensationGrp/ServicesDesc1DIRECTIONAL BORING
IRS990/ContractorCompensationGrp/ServicesDesc2TREE TRIMMING
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt03698734
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt043529
IRS990/CYOtherExpensesAmt024935958
IRS990/CYOtherRevenueAmt0832493
IRS990/CYProgramServiceRevenueAmt031751843
IRS990/CYRevenuesLessExpensesAmt00
IRS990/CYSalariesCompEmpBnftPaidAmt03993173
IRS990/CYTotalExpensesAmt032627865
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt032627865
IRS990/DAFExcessBusinessHoldingsInd00
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt02681226
IRS990/Desc0DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 7,800 MEMBERS ON A COOPERATIVE BASIS.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DistributionToDonorInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DoingBusinessAsName/BusinessNameLine1Txt0HENRY COUNTY REMC
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt037
IRS990/EmploymentTaxReturnsFiledInd00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form1098CFiledInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form8899Filedind00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.16
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.88
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt24.18
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.91
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.81
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.13
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt63.04
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.64
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.13
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.21
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt102.35
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1151.03
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1246.24
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1348.69
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1447.90
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1550.18
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1646.08
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/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1178029
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1236675
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1364257
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1450773
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1546846
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1639142
IRS990/Form990PartVIISectionAGrp/PersonNm0M SHANE YOUNG
IRS990/Form990PartVIISectionAGrp/PersonNm1JAMEY MARCUM
IRS990/Form990PartVIISectionAGrp/PersonNm2CURTIS POORE
IRS990/Form990PartVIISectionAGrp/PersonNm3JOYCE JESTER
IRS990/Form990PartVIISectionAGrp/PersonNm4BRIAN BECKER
IRS990/Form990PartVIISectionAGrp/PersonNm5ROBERT CRAIG
IRS990/Form990PartVIISectionAGrp/PersonNm6JAY CARR
IRS990/Form990PartVIISectionAGrp/PersonNm7SAVANAH GIBSON
IRS990/Form990PartVIISectionAGrp/PersonNm8SCOTT HOUSER
IRS990/Form990PartVIISectionAGrp/PersonNm9KERRY GLISSON
IRS990/Form990PartVIISectionAGrp/PersonNm10MIKE REYNOLDS
IRS990/Form990PartVIISectionAGrp/PersonNm11MELISSA TRUE
IRS990/Form990PartVIISectionAGrp/PersonNm12CODY WALKER
IRS990/Form990PartVIISectionAGrp/PersonNm13RICHARD BRYER
IRS990/Form990PartVIISectionAGrp/PersonNm14ADAM WARWAS
IRS990/Form990PartVIISectionAGrp/PersonNm15CHAD HINESLEY
IRS990/Form990PartVIISectionAGrp/PersonNm16WESLY JONES
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt08426
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt111301
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt28897
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt33859
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt44219
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt53777
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt610962
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt73696
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt83977
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt96957
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt109536
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11222068
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12132039
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13144701
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14167264
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15132789
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16139390
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/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt12EMPLOYEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13EMPLOYEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHIEF OPERATIONS OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt15EMPLOYEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16EMPLOYEE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01936
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0259
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt01000
IRS990/GrossReceiptsAmt032628606
IRS990/GrossRentsGrp/PersonalAmt0140900
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt014
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/TotalAmt01129297
IRS990/InventoriesForSaleOrUseGrp/BOYAmt01354751
IRS990/InventoriesForSaleOrUseGrp/EOYAmt01377356
IRS990/InvestmentIncomeGrp/ExclusionAmt043270
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt043270
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt010773897
IRS990/InvestmentsProgramRelatedGrp/EOYAmt010945086
IRS990/IRPDocumentCnt035
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt023763950
IRS990/LandBldgEquipBasisNetGrp/BOYAmt050337617
IRS990/LandBldgEquipBasisNetGrp/EOYAmt053845745
IRS990/LandBldgEquipCostOrOtherBssAmt077609695
IRS990/LegalDomicileStateCd0IN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0741
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt031751843
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROVIDE RELIABLE, SAFE AND COST-COMPETITIVE ELECTRIC SERVICE TO ENHANCE THE LIVES OF OUR MEMBERS AND THE COMMUNITIES WE SERVE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt027485587
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt028443835
IRS990/NetAssetsOrFundBalancesBOYAmt035236304
IRS990/NetAssetsOrFundBalancesEOYAmt038444078
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0259
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0259
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0140900
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0140900
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0667275
IRS990/OtherAssetsTotalGrp/EOYAmt0428017
IRS990/OtherChangesInNetAssetsAmt03207774
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0666078
IRS990/OtherExpensesGrp/Desc0COST OF POWER
IRS990/OtherExpensesGrp/Desc1DISTRIBUTION EXPENSE
IRS990/OtherExpensesGrp/Desc2ADMINISTRATIVE AND GENE
IRS990/OtherExpensesGrp/Desc3CONSUMER ACCOUNT EXPENS
IRS990/OtherExpensesGrp/TotalAmt017961987
IRS990/OtherExpensesGrp/TotalAmt11616685
IRS990/OtherExpensesGrp/TotalAmt2937353
IRS990/OtherExpensesGrp/TotalAmt3365600
IRS990/OtherLiabilitiesGrp/BOYAmt01027791
IRS990/OtherLiabilitiesGrp/EOYAmt0711149
IRS990/OtherRevenueMiscGrp/BusinessCd0221000
IRS990/OtherRevenueMiscGrp/Desc0PATRONAGE ALLOCATIONS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0691593
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0691593
IRS990/OtherRevenueTotalAmt0691593
IRS990/OtherSalariesAndWagesGrp/TotalAmt01388083
IRS990/OtherSourcesGrossIncomeAmt0704833
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/TotalAmt0185230
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0190541
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0190998
IRS990/PensionPlanContributionsGrp/TotalAmt0424202
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0254388
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt096828
IRS990/PrincipalOfficerNm0MELISSA TRUE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/Desc0ELECTRIC REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt031751843
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt031751843
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt02875526
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt022037
IRS990/PYOtherExpensesAmt024215581
IRS990/PYOtherRevenueAmt01033472
IRS990/PYProgramServiceRevenueAmt029613373
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYSalariesCompEmpBnftPaidAmt03577775
IRS990/PYTotalExpensesAmt030668882
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt030668882
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt00
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt0140900
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt035045763
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt038253080
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/Form1120POLFiledInd01
IRS990ScheduleC/InternalFundsContributedAmt01000
IRS990ScheduleC/PoliticalExpendituresAmt01000
IRS990ScheduleC/Section527PoliticalOrgGrp/EIN0351998087
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0INDIANA FORE - POLITICAL ACTION
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt01000
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt011805 PENNSYLVANIA ST
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm0CARMEL
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd0IN
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd046032
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0HENRY COUNTY REMC DONATED TO INDIANA FORE - POLITICAL ACTION GROUP WORKING IN THE INTEREST OF RURAL UTILITIES.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I-A, LINE 1:
IRS990ScheduleC/TotalExemptFunctionExpendAmt01000
IRS990ScheduleD/BuildingsGrp/BookValueAmt07084770
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01703814
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08788584
IRS990ScheduleD/EquipmentGrp/BookValueAmt046501786
IRS990ScheduleD/EquipmentGrp/DepreciationAmt022060136
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt068561922
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt03698734
IRS990ScheduleD/ExpensesSubtotalAmt028929131
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt010062704
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1882382
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0PATRONAGE CAPITAL IN WHOLESALE POWER SUPPLIER
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1PATRONAGE CAPITAL IN OTHER VENDOR/COOPERATIVES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/LandGrp/BookValueAmt0259189
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0259189
IRS990ScheduleD/OtherExpensesNotIncludedAmt03698734
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0443151
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1267998
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0POSTRETIREMENT BENEFIT OBLIGATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OPERATING LEASE LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt032627865
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 MEMEBERS 3,698,734.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt053845745
IRS990ScheduleD/TotalBookValueProgramRltdAmt010945086
IRS990ScheduleD/TotalExpensesPerForm990Amt032627865
IRS990ScheduleD/TotalLiabilityAmt0711149
IRS990ScheduleD/TotalRevenuePerForm990Amt032627865
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt032627865
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt028929131
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0222068
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1167264

Document Assets

No mirrored PDF or thumbnail assets are attached yet.