Civic Intelligence

Newton County Remc

990 • Fiscal year 2019 • EIN 35-0547565

Jan 01, 2019 to Dec 31, 2019 • Filed on May 18, 2020

Organization ProfileWWW.NEWTONCOUNTYREMC.COOP
PO Box 400Goodland, IN 47948

(219) 474-6224

Siviq Scores

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

Liabilities / Assets

47th percentile

0.30x

Higher debt load relative to assets than 47% of similar nonprofits.

2019 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

27th percentile

0.46x

Higher debt load relative to revenue than 27% of similar nonprofits.

2019 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2019

Net Margin

51st percentile

6.3%

Higher net margin than 51% of similar nonprofits.

2019 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

92nd percentile

$127,042

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2019 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Balance Sheet
Liabilities / Assets47th percentile

Assets

Up

$9,430,806

Up $3,764,360 (+66%) from 2010

Net Assets

Up

$6,562,145

Up $2,776,012 (+73%) from 2010

Liabilities

Up

$2,868,661

Up $988,348 (+53%) from 2010

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin51st percentile

Revenue

$6,252,979

No earlier filing loaded for comparison.

Expenses

Up

$5,858,276

Up $2,014,426 (+52%) from 2010

Net Income

$394,703

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$15M$10M$5.0M$0Assets 2010: $5,666,446Liabilities 2010: $1,880,313Net Assets 2010: $3,786,1332010Assets 2019: $9,430,806Liabilities 2019: $2,868,661Net Assets 2019: $6,562,1452019Assets 2020: $9,914,833Liabilities 2020: $3,115,881Net Assets 2020: $6,798,9522020Assets 2021: $10,973,742Liabilities 2021: $3,555,150Net Assets 2021: $7,418,5922021Assets 2022: $11,699,433Liabilities 2022: $4,123,843Net Assets 2022: $7,575,5902022Assets 2023: $12,170,497Liabilities 2023: $4,194,004Net Assets 2023: $7,976,4932023Assets 2024: $12,512,294Liabilities 2024: $4,249,288Net Assets 2024: $8,263,0062024

Highlighted filing

2019

Assets$9,430,806
Liabilities$2,868,661
Net Assets$6,562,145
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$8.0M$6.0M$4.0M$2.0M$0Expenses 2010: $3,843,8502010Revenue 2019: $6,252,979Expenses 2019: $5,858,276Net Income 2019: $394,7032019Revenue 2020: $6,578,118Expenses 2020: $6,254,596Net Income 2020: $323,5222020Revenue 2021: $7,247,740Expenses 2021: $6,501,982Net Income 2021: $745,7582021Revenue 2022: $7,127,919Expenses 2022: $6,891,121Net Income 2022: $236,7982022Revenue 2023: $7,419,160Expenses 2023: $6,999,807Net Income 2023: $419,3532023Revenue 2024: $7,626,034Expenses 2024: $7,301,004Net Income 2024: $325,0302024

Highlighted filing

2019

Revenue$6,252,979
Expenses$5,858,276
Net Income$394,703
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 18, 2020
Return Version
2019v5.1
Gross Receipts
$6,252,979
Mission and Program Overview

Mission

To provide electricity to its members/customers

The sale and distribution of electricity

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,389,526$6,970,057▲ $580,531
Rtn Earn Endowment Incm Other Fnds$6,236,285$6,562,145▲ $325,860
Investments Other Securities$1,351,394$1,464,556▲ $113,162
Accounts Receivable$638,322$714,095▲ $75,773
Inventories for Sale or Use$141,681$162,714▲ $21,033
Cash and Non-Interest-Bearing Accounts$281,030$72,444▼ $208,586
Prepaid Expenses and Deferred Charges$6,647$8,367▲ $1,720
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$8,846,475$9,430,806▲ $584,331
Other Assets Total$37,875$38,573▲ $698
Liabilities
Unsecured Notes Loans Payable$2,134,472$2,249,794▲ $115,322
Accounts Payable and Accrued Expenses$460,317$557,491▲ $97,174
Other Liabilities$15,401$61,376▲ $45,975
Total Liabilities$2,610,190$2,868,661▲ $258,471
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,236,285$6,562,145▲ $325,860
Total Liabilities and Net Assets / Fund Balance$8,846,475$9,430,806▲ $584,331

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,573,416$2,577,579$9,150,995
Buildings$320,741$126,498$447,239
Land$75,900-$75,900
Other Securities$108,748--
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mike ButlerGeneral ManagerFT$108,265$18,777$127,042
David CoxSecretary / Treasurer-$5,700-$5,700
Rick RisleyPresident-$4,500-$4,500
Mark JefvertDirector-$4,500-$4,500
H Michael CooleyVice President-$3,900-$3,900
H Scott ClarkDirector-$3,900-$3,900
Kevin DurhamDirector-$3,900-$3,900
Roy CooperDirector-$3,600-$3,600
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,077,307
Investment Income
$5,347
Other Revenue
$170,325
Change in Net Assets
$394,703
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,631,899
Salaries, Compensation, and Employee Benefits$226,377
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$247,742
Other Expenses---$170,999
Current Officers, Directors, Trustees, and Key Employees---$157,042
All Other Expenses---$85,446
Interest---$77,259
Other Salaries and Wages---$69,335
Total Functional Expenses$0$0$0$5,858,276
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

Section 527 Organizations

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

Other Reported Liabilities

LiabilityAmount
Consumer Deposits$58,016
Deferred Credits$3,360
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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 entity is a rural electric membership corporation as organized in the state of indiana.”

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

“The members elect a set number of directors at the annual meeting. The directors terms are 3 years and are staggered so that not all directors are voted upon at one time.”

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 board directors reviewed the form 990 prior to signature by the ceo and submission to the irs.”

Form 990, Part VI, Section B, Line 15

“The process for determining the compensation is established through a wage committee.”

Form 990, Part VI, Section C, Line 19

“Annual audited financial statements are mailed to every member. They are notified in annual meetings the location of governing documents.”

Filing and Contact Details

Filer

Filer Name
Newton County Remc
EIN
35-0547565
Phone
2194746224
Address
PO BOX 400, GOODLAND, IN 47948

Signing Officer

Name
Mike Butler
Title
Manager
Phone
2194746224
Signed
2020-05-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Butler
Formed
1938
Legal Domicile
In
Voting Board Members
7
Independent Board Members
7
Employees
16
Volunteers
0

Preparer

Firm
London Witte Group LLC
Address
1776 N MERIDIAN STREET STE 500, INDIANAPOLIS, IN 46202
Preparer
Earl L Ridlen
Phone
3176344747
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in memberships 230. Change in net assets related to patronage -69,073.”

Financial Statement Notes

PART X, LINE 2:

“The cooperative believes they are not taking any uncertain tax positions.”

Raw XML Appendix373 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/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COOPERATIVE BELIEVES THEY ARE NOT TAKING ANY UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ENTITY IS A RURAL ELECTRIC MEMBERSHIP CORPORATION AS ORGANIZED IN THE STATE OF INDIANA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS ELECT A SET NUMBER OF DIRECTORS AT THE ANNUAL MEETING. THE DIRECTORS TERMS ARE 3 YEARS AND ARE STAGGERED SO THAT NOT ALL DIRECTORS ARE VOTED UPON AT ONE TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CERTAIN DECISIONS TO BE MADE BY THE BOARD OF DIRECTORS MUST BE APPROVED BY THE MEMBERS."
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD DIRECTORS REVIEWED THE FORM 990 PRIOR TO SIGNATURE BY THE CEO AND SUBMISSION TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS FOR DETERMINING THE COMPENSATION IS ESTABLISHED THROUGH A WAGE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ANNUAL AUDITED FINANCIAL STATEMENTS ARE MAILED TO EVERY MEMBER. THEY ARE NOTIFIED IN ANNUAL MEETINGS THE LOCATION OF GOVERNING DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CHANGE IN MEMBERSHIPS 230. CHANGE IN NET ASSETS RELATED TO PATRONAGE -69,073.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt08846475
IRS990/TotalAssetsEOYAmt09430806
IRS990/TotalAssetsGrp/BOYAmt08846475
IRS990/TotalAssetsGrp/EOYAmt09430806
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt016
IRS990/TotalFunctionalExpensesGrp/TotalAmt05858276
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02610190
IRS990/TotalLiabilitiesEOYAmt02868661
IRS990/TotalLiabilitiesGrp/BOYAmt02610190
IRS990/TotalLiabilitiesGrp/EOYAmt02868661
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06236285
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06562145
IRS990/TotalOtherCompensationAmt018777
IRS990/TotalProgramServiceExpensesAmt05858276
IRS990/TotalProgramServiceRevenueAmt06077307
IRS990/TotalReportableCompFromOrgAmt0138265
IRS990/TotalRevenueGrp/ExclusionAmt0175672
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06077307
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06252979
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08846475
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09430806
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt02134472
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt02249794
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 400
IRS990/USAddress/CityNm0GOODLAND
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd047948
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.NEWTONCOUNTYREMC.COOP
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MIKE BUTLER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum02194746224
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEWTON COUNTY REMC
ReturnHeader/Filer/BusinessNameControlTxt0NEWT
ReturnHeader/Filer/EIN0350547565
ReturnHeader/Filer/PhoneNum02194746224
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 400
ReturnHeader/Filer/USAddress/CityNm0GOODLAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd047948
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId059F0701697BD7E4AF335ED3A9CC9E8CEB35F64B9
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0D0C38AB60C307D73A90E817C68D67340FB0F463D
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0206.53.252.130
ReturnHeader/FilingSecurityInformation/IPDt02020-05-18
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0US
ReturnHeader/FilingSecurityInformation/IPTm008:32:43
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0363163136
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LONDON WITTE GROUP LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01776 N MERIDIAN STREET STE 500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0INDIANAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046202
ReturnHeader/PreparerPersonGrp/PhoneNum03176344747
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EARL L RIDLEN
ReturnHeader/ReturnTs02020-07-15T14:39:07-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,430,806
Liabilities
$2,868,661
Net assets
$6,562,145
Revenue
$6,252,979
Expenses
$5,858,276
Net income
$394,703
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.5$4.25$8.26$7.63$7.30$0.33
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.2$4.19$7.98$7.42$7.00$0.42
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.7$4.12$7.58$7.13$6.89$0.24
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.0$3.56$7.42$7.25$6.50$0.75
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.91$3.12$6.80$6.58$6.25$0.32
2019Detailed filing. Detailed filing data is available for this year.$9.43$2.87$6.56$6.25$5.86$0.39
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.67$1.88$3.79$3.84