Civic Intelligence

Utilities District of Western

EIN 35-0726238 • 501(c)12 • Bloomfield, IN

Profile

To provide our members with elecricity and quality, efficient services, while maintaining a financially healty and rate competitive position in the industry through teamwork, mutual respect and an on-going commitment to our members.

PO Box 427Bloomfield, IN 47424

www.udwiremc.com

Siviq Scores

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

Liabilities / Assets

10th percentile

0.28x

Higher debt load relative to assets than 10% of similar nonprofits.

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

Liabilities / Revenue

13th percentile

0.65x

Higher debt load relative to revenue than 13% 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

21st percentile

$290,248

Higher top officer pay than 21% of similar nonprofits.

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

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

Asset Growth

62nd percentile

5.5%

Faster asset growth than 62% of similar nonprofits.

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

Revenue Growth

43rd percentile

3.7%

Faster revenue growth than 43% of similar nonprofits.

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

Assets

Up

$118,144,031

Up $6,127,165 (+5.5%) from 2023

Liabilities

Up

$33,248,748

Up $5,286,615 (+19%) from 2023

Net Assets

Up

$84,895,283

Up $840,550 (+1.0%) from 2023

Revenue

Up

$51,008,290

Up $1,796,657 (+3.7%) from 2023

Expenses

Up

$51,008,290

Up $1,796,657 (+3.7%) from 2023

Net Income

Flat

$0

Flat from 2023

Trend Graphs

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2018: $104,123,230Liabilities 2018: $32,812,577Net Assets 2018: $71,310,6532018Assets 2019: $105,040,958Liabilities 2019: $31,070,110Net Assets 2019: $73,970,8482019Assets 2020: $107,725,098Liabilities 2020: $30,736,714Net Assets 2020: $76,988,3842020Assets 2021: $108,840,667Liabilities 2021: $27,670,666Net Assets 2021: $81,170,0012021Assets 2022: $110,819,732Liabilities 2022: $27,575,794Net Assets 2022: $83,243,9382022Assets 2023: $112,016,866Liabilities 2023: $27,962,133Net Assets 2023: $84,054,7332023Assets 2024: $118,144,031Liabilities 2024: $33,248,748Net Assets 2024: $84,895,2832024

Highlighted filing

2024

Assets$118,144,031
Liabilities$33,248,748
Net Assets$84,895,283

Operations Trend

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

$60M$40M$20M$0Revenue 2018: $48,818,715Expenses 2018: $48,818,715Net Income 2018: $02018Revenue 2019: $46,000,960Expenses 2019: $46,000,960Net Income 2019: $02019Revenue 2020: $44,878,131Expenses 2020: $44,878,131Net Income 2020: $02020Revenue 2021: $45,748,725Expenses 2021: $45,748,725Net Income 2021: $02021Revenue 2022: $47,790,971Expenses 2022: $47,790,971Net Income 2022: $02022Revenue 2023: $49,211,633Expenses 2023: $49,211,633Net Income 2023: $02023Revenue 2024: $51,008,290Expenses 2024: $51,008,290Net Income 2024: $02024

Highlighted filing

2024

Revenue$51,008,290
Expenses$51,008,290
Net Income$0

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.2
Gross Receipts
$51,010,576
Mission and Program Overview

Mission

To provide our members with electricity and quality, efficient services, while maintaining a financially healthy and rate competitive position in the industry through teamwork, mutual respect, and an on-going commitment to our members.

Distribution of electricity to members on a cooperative basis.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$84,447,709$89,416,051▲ $4,968,342
Rtn Earn Endowment Incm Other Fnds$83,660,562$84,479,432▲ $818,870
Investments Other Securities$20,063,562$20,442,691▲ $379,129
Accounts Receivable$5,419,069$6,269,888▲ $850,819
Inventories for Sale or Use$960,223$863,062▼ $97,161
Cash and Non-Interest-Bearing Accounts$815,823$819,690▲ $3,867
Pd in Cap Srpls Land Bldg Eqp Fund$394,171$415,851▲ $21,680
Prepaid Expenses and Deferred Charges$310,480$332,649▲ $22,169
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$112,016,866$118,144,031▲ $6,127,165
Liabilities
Mortgage Notes Payable Secured by Investment Property$24,508,149$28,794,693▲ $4,286,544
Accounts Payable and Accrued Expenses$2,287,276$3,105,786▲ $818,510
Other Liabilities$1,166,708$1,348,269▲ $181,561
Total Liabilities$27,962,133$33,248,748▲ $5,286,615
Net Assets / Fund Balance
Total Net Assets Fund Balance$84,054,733$84,895,283▲ $840,550
Total Liabilities and Net Assets / Fund Balance$112,016,866$118,144,031▲ $6,127,165

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$87,214,925$35,757,229$122,972,154
Buildings$1,227,450$1,031,279$2,258,729
Land$973,676-$973,676
Other Securities$621,160--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Douglas V ChildsCEOFT$223,361$66,887$290,248
W Shane SmithCOOFT$156,971$39,987$196,958
Curtis J HaslerLinemanFT$149,586$27,389$176,975
Stephen W CampbellLinemanFT$132,734$40,802$173,536
Cody a EnglishLinemanFT$141,760$30,956$172,716
Philip R EgenolfLinemanFT$137,296$31,676$168,972
Nathan W NeillLinemanFT$135,784$33,020$168,804
Michael W SullivanCFOFT$111,840$28,501$140,341
Warren Edward CullisonPresident-$9,413-$9,413
Michael E WilliamsTreasurerPT$9,409-$9,409
Melinda HendrixVice President-$8,261-$8,261
David KirklingDirector-$7,979-$7,979
Shawn DuganSecretaryPT$7,507-$7,507
Todd CarpenterDirectorPT$6,913-$6,913
Terry P McdanielDirector-$4,637-$4,637
Dax CollinsDirector (thru 04/24)PT$2,476-$2,476
Sophie L Weathers HaywoodDirector (thru 04/24)PT$2,476-$2,476

Highest Paid Contractors

ContractorServicesLocationCompensation
Haley Bros Tree CareTree Trimming2096 W CO RD 140 N, Paoli, IN 47454$1,382,375
Electricom LLCPowerline ConstructionPO BOX 319, Paoli, IN 47454$1,309,594
Utility Service Crew LLCPowerline ConstructionPO BOX 226, Orleans, IN 47452$1,020,794
Townsend Tree ServiceTree TrimmingPO BOX 7015, Muncie, IN 47308$414,150
IntrenPowerline Construction18202 W UNION RD, Union, IL 60180$298,578
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$49,429,746
Investment Income
$192,169
Other Revenue
$1,386,375
Change in Net Assets
$0

Audited Revenue Reconciliation

Revenue per Audited Statements
$51,008,290
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$51,008,290
Total Revenue per Form 990
$51,008,290
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$42,166,431
Salaries, Compensation, and Employee Benefits$7,194,693
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,473,299--$4,473,299
Depreciation Depletion$3,743,963--$3,743,963
All Other Expenses$2,028,810--$2,028,810
Benefits to Members$1,647,166--$1,647,166
Other Expenses$1,450,843--$1,450,843
Interest$1,344,517--$1,344,517
Other Employee Benefits$1,109,557--$1,109,557
Pension Plan Contributions$700,920--$700,920
Current Officers, Directors, Trustees, and Key Employees$541,325--$541,325
Payroll Taxes$369,592--$369,592
Total Functional Expenses$51,008,290$0$0$51,008,290

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$51,008,290
Expenses per Audited Statements$49,361,124
Total Expenses per Audited Statements$49,361,124
Expenses Not Reported on Financial Statements$1,647,166
Other Expense Adjustments$1,647,166
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$500

Section 527 Organizations

OrganizationLocationAmount
35-1499808Carmel, IN$500
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Todd CarpenterSee BelowThe Remc Purchases Electricity Wholesale From Hoosier Energy Rec, Inc. Mr. Carpenter Is a Current Board Member Who Also Serves as a Board Member for Hoosier Energy. the Remc Has a Commitment to Purchase Power From Hoosier Energy.No$30,328,308
Michael WilliamsSee BelowMr. Williams Is Both a Director for the Remc and a Director for the Statewide Organization, Indiana Electric Cooperative. the Remc Pays Annual Dues for Training and Other Services Provided by the Statewide Organization.No$184,981
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Customer Deposits$629,843
Accumulated Postretirement Benefit Obligation$601,000
Deferred Compensation$117,426
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
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
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

Udwi remc is a cooperative owned by approximately 16,029 members.

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

The membership elects board members on a rotating basis.

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

Certain decisions to be made by the board of directos must be approved by the members.

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

Form 990 is reviewed by the board of directors before it is filed with the irs.

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

Conflict of interest is monitored by the ceo and the board of directors.

Form 990, Part VI, Section B, Line 15

Compensation process for top official: the board of directors set and approve the ceo's salary using the nreca annual compensation survey as a guide. Compensation process for officers: the ceo and director of human resources use the nreca annual compensation survey as a guide in determining the other officers compensation.

Form 990, Part VI, Section C, Line 19

Governing documents, audited financial statements, and conflict of interest policy are available upon request

Filing and Contact Details

Filer

Filer Name
Utilities District of Western Indiana
EIN
35-0726238
Phone
8123844446
Address
PO BOX 427, BLOOMFIELD, IN 47424

Signing Officer

Name
W Shane Smith
Title
CEO
Phone
8123844446
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melinda Hendrix
Formed
1936
Legal Domicile
In
Voting Board Members
7
Independent Board Members
7
Employees
58
Volunteers
0

Preparer

Firm
Lwg Cpas & Advisors LLC
Address
101 WEST OHIO ST SUITE 1401, INDIANAPOLIS, IN 46204
Preparer
Brian D Cherry
Phone
3176344747
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in memberships 2,034. Unrecognized net periodic postretirement benefit cost 16,000. Assignment of margins to members 1,647,166. Retirement of patronage capital -1,013,342. Uclaimed property 188,692.

Form 990, Part XII, Line 2C

The responsibility of the committee for oversight of the audit, review, compilation of financial statements, and selection of independent auditor has not changed from prior years.

Financial Statement Notes

PART X, LINE 2:

The remc follows "accounting for uncertainty in income taxes". The generally accepted accounting principal provides detailed guidance for the financial statement recognition, measurement, and disclosure of uncertain tax positions recognized in an enterprise's financial statements. The accounting principal requires an entity to recognize the financial statement impact of a tax position when it is more likely than not that the position will be sustained upon examination. 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 takin any uncertain tax positions.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Allocation of margins to members

Form 990, Schedule D, Part XII, Line 4B

Allocation of current year margins to members 1,647,166.

Raw XML AppendixShowing 400 of 674 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/ReportableCompFromRltdOrgAmt160
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR (THRU 04/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR (THRU 04/24)
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IRS990/Form990PartVIISectionAGrp/TitleTxt10COO
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IRS990/Form990PartVIISectionAGrp/TitleTxt14LINEMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt15LINEMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt16LINEMAN
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IRS990/MissionDesc0UDWI EXISTS TO IMPROVE RURAL LIFE. WE SAFELY DELIVER RELIABLE ELECTRICITY TO OUR MEMBERS. WE PROVIDE OUTSTANDING CUSTOMER SERVICE FROM EVERY POSITION WITHIN UDWI. WE SERVE OUR COMMUNITIES BY PROVIDING HELPING HANDS AND HEARTS TO THOSE IN NEED.
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IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0INDIANA ELECTRIC COOPERATIVES STATE PAC
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IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt011805 PENNSYLVANIA ST
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm0CARMEL
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IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0DONATION TO INDIANA ELECTRIC COOPERATIVES STATE PAC
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I-A, LINE 1:
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