Civic Intelligence

Warren County Remc

990 • Fiscal year 2020 • EIN 35-0739817

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 17, 2021

Organization ProfileN/A
PO Box 37Williamsport, IN 47993

(765) 762-6114

Siviq Scores

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

Liabilities / Assets

45th percentile

0.45x

Higher debt load relative to assets than 45% of similar nonprofits.

2020 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

34th percentile

1.04x

Higher debt load relative to revenue than 34% of similar nonprofits.

2020 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2020

Net Margin

72nd percentile

7.7%

Higher net margin than 72% of similar nonprofits.

2020 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

75th percentile

$251,212

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2020 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2020

Asset Growth

51st percentile

2.8%

Faster asset growth than 51% of similar nonprofits.

2020 filings • 501(c)12 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

56th percentile

1.8%

Faster revenue growth than 56% of similar nonprofits.

2020 filings • 501(c)12 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets45th percentile

Assets

Up

$33,235,920

Up $917,711 (+2.8%) from 2019

Net Assets

Up

$18,258,032

Up $613,375 (+3.5%) from 2019

Liabilities

Up

$14,977,888

Up $304,336 (+2.1%) from 2019

Revenue And Expenses
Liabilities / Revenue34th percentileNet Margin72nd percentile

Revenue

Up

$14,417,669

Up $255,764 (+1.8%) from 2019

Expenses

Down

$13,304,221

Down $240,945 (-1.8%) from 2019

Net Income

Up

$1,113,448

Up $496,709 (+81%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth51st percentile

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

$40M$30M$20M$10M$0Assets 2010: $21,630,518Liabilities 2010: $8,994,691Net Assets 2010: $12,635,8272010Assets 2019: $32,318,209Liabilities 2019: $14,673,552Net Assets 2019: $17,644,6572019Assets 2020: $33,235,920Liabilities 2020: $14,977,888Net Assets 2020: $18,258,0322020Assets 2021: $33,812,328Liabilities 2021: $15,640,151Net Assets 2021: $18,172,1772021Assets 2022: $34,182,114Liabilities 2022: $15,832,536Net Assets 2022: $18,349,5782022Assets 2023: $35,319,588Liabilities 2023: $16,210,943Net Assets 2023: $19,108,6452023Assets 2024: $36,441,431Liabilities 2024: $17,463,816Net Assets 2024: $18,977,6152024

Highlighted filing

2020

Assets$33,235,920
Liabilities$14,977,888
Net Assets$18,258,032
Open 2020 Filing

Operations Trend

Revenue Growth56th percentile

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

$20M$15M$10M$5.0M$0Expenses 2010: $10,327,1372010Revenue 2019: $14,161,905Expenses 2019: $13,545,166Net Income 2019: $616,7392019Revenue 2020: $14,417,669Expenses 2020: $13,304,221Net Income 2020: $1,113,4482020Revenue 2021: $14,162,388Expenses 2021: $13,805,489Net Income 2021: $356,8992021Revenue 2022: $15,559,056Expenses 2022: $14,907,492Net Income 2022: $651,5642022Revenue 2023: $16,474,777Expenses 2023: $15,299,331Net Income 2023: $1,175,4462023Revenue 2024: $15,578,250Expenses 2024: $15,293,573Net Income 2024: $284,6772024

Highlighted filing

2020

Revenue$14,417,669
Expenses$13,304,221
Net Income$1,113,448
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 17, 2021
Return Version
2020v4.1
Gross Receipts
$14,426,120
Mission and Program Overview

Mission

To distribute electricity to its members

Distribution of electricity to its members

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$24,624,770$25,363,958▲ $739,188
Rtn Earn Endowment Incm Other Fnds$17,644,657$18,258,032▲ $613,375
Investments Other Securities$4,659,919$4,951,674▲ $291,755
Accounts Receivable$1,314,337$1,366,536▲ $52,199
Cash and Non-Interest-Bearing Accounts$1,135,870$1,059,099▼ $76,771
Prepaid Expenses and Deferred Charges$335,579$274,007▼ $61,572
Inventories for Sale or Use$247,734$220,646▼ $27,088
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$32,318,209$33,235,920▲ $917,711
Liabilities
Mortgage Notes Payable Secured by Investment Property$13,143,413$13,889,908▲ $746,495
Accounts Payable and Accrued Expenses$1,530,139$1,087,980▼ $442,159
Total Liabilities$14,673,552$14,977,888▲ $304,336
Net Assets / Fund Balance
Total Net Assets Fund Balance$17,644,657$18,258,032▲ $613,375
Total Liabilities and Net Assets / Fund Balance$32,318,209$33,235,920▲ $917,711

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$24,213,643$10,786,450$35,000,093
Buildings$1,129,305$799,696$1,929,001
Land$21,010-$21,010
Other Securities$985--
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Philip H High JrGeneral ManagerFT$204,834$46,378$251,212
Cory ReynoldsEng & Operations ManagerFT$118,751$37,183$155,934
Robert WorleyLine ForemanFT$109,170$34,037$143,207
Neal GremoreServicemanFT$107,517$23,949$131,466
Daniel VerhoevenJourneyman LinemanFT$102,748$23,473$126,221
Vance StwalleyJourneyman LinemanFT$101,976$23,473$125,449
Jeffery W ClemDirector-$825$20,058$20,883
Dwain AkersDirector-$825$17,429$18,254
David LawlyesDirector-$225$17,278$17,503
Rich PotterDirector-$750$16,458$17,208
Kevin T McneilDirector-$825$12,541$13,366
Thomas J LeakVice President-$3,150-$3,150
Michael R ConnerPresident-$975-$975
Don E MckinninsSecretary/treasurer Assist-$825-$825
Bruce a BuchananSecretary/treasurer-$600-$600

Highest Paid Contractors

ContractorServicesLocationCompensation
Electricom LLCUtility Construction1660 W HOSPITAL RD, Paoli, IN 47454$310,365
Tanner Utilities INCUtility Construction1848 NORTH 225 EAST, Attica, IN 47918$127,864
Utility Service Crew LLCUtility Construction7754 N COUNTRY RD 200 W, Orleans, IN 47452$123,381
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$13,846,588
Investment Income
$40,929
Other Revenue
$530,152
Change in Net Assets
$1,113,448

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,417,669
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$14,417,669
Total Revenue per Form 990
$14,417,669
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,806,727
Salaries, Compensation, and Employee Benefits$497,494
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$1,180,094
Interest---$723,363
All Other Expenses---$614,838
Other Salaries and Wages---$437,357
Other Expenses---$345,890
Other Employee Benefits---$60,137
Fees for Services Legal---$48,998
Fees for Services Accounting---$17,425
Total Functional Expenses$0$0$0$13,304,221

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$13,304,221
Total Expenses per Audited Statements$13,304,221
Total Expenses per Form 990$13,304,221
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$2,000
Total Exempt Function Spending$2,000

Section 527 Organizations

OrganizationLocationAmount
35-1998087Indianapolis, IN$2,000
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Mike ConnerBoard MemberSee BelowNo$8,161,343
Thomas LeakBoard MemberSee BelowNo$167,723
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The organization is a rural electric membership cooperative. The cooperative requires a fee for membership prior to receiving electric services.”

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

“Members elect the board of directors annually at the organization's annual meeting. Each year a certain number of directors are elected by the members to a three year term.”

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 of the organization reviews all business matters prior to final submission.”

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

“The organization maintains a written conflict of interest policy and periodically monitors potential changes to these conflicts.”

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

“The board of directors determines the manager's salary based on budgeted amounts for compensation for the upcoming year. This is discussed without the manager being present.”

Form 990, Part VI, Section C, Line 19

“The organization makes all public forms available for inspection, including forms 990 and 990-t at the organization's office.”

Filing and Contact Details

Filer

Filer Name
Warren County Remc
EIN
35-0739817
Phone
7657626114
Address
PO BOX 37, WILLIAMSPORT, IN 47993

Signing Officer

Name
Philip High
Title
General Manager
Phone
7657626114
Signed
2021-08-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Philip High
Formed
1936
Legal Domicile
In
Voting Board Members
9
Independent Board Members
8
Employees
19
Volunteers
0

Preparer

Firm
London Witte Group LLC
Address
1776 N MERIDIAN STSTE500, INDIANAPOLIS, IN 46202
Preparer
Earl L Ridlen
Phone
3176344747
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in memberships -3,580. Retirement of capital credits -496,493.”

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 does not believe they are taking any uncertain tax positions.”

Raw XML AppendixShowing 400 of 556 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TREASURER ASSIST
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9GENERAL MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt10ENG & OPERATIONS MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt11LINE FOREMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt12SERVICEMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt13JOURNEYMAN LINEMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt14JOURNEYMAN LINEMAN
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt030167
IRS990/GrossReceiptsAmt014426120
IRS990/GrossSalesOfInventoryAmt047093
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt06
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/TotalAmt0723363
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0247734
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0220646
IRS990/InvestmentIncomeGrp/ExclusionAmt018282
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt018282
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt04659919
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt04951674
IRS990/IRPDocumentCnt033
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt011586146
IRS990/LandBldgEquipBasisNetGrp/BOYAmt024624770
IRS990/LandBldgEquipBasisNetGrp/EOYAmt025363958
IRS990/LandBldgEquipCostOrOtherBssAmt036950104
IRS990/LegalDomicileStateCd0IN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt07520
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt013846588
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO DISTRIBUTE ELECTRICITY TO ITS MEMBERS
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt013143413
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt013889908
IRS990/NetAssetsOrFundBalancesBOYAmt017644657
IRS990/NetAssetsOrFundBalancesEOYAmt018258032
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt022647
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt022647
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt046162
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt046162
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-500073
IRS990/OtherEmployeeBenefitsGrp/TotalAmt060137
IRS990/OtherExpensesGrp/Desc0POWER COSTS
IRS990/OtherExpensesGrp/Desc1MAINTENANCE
IRS990/OtherExpensesGrp/Desc2ADMINISTRATIVE
IRS990/OtherExpensesGrp/Desc3OPERATIONS
IRS990/OtherExpensesGrp/TotalAmt08161343
IRS990/OtherExpensesGrp/TotalAmt11244830
IRS990/OtherExpensesGrp/TotalAmt2469946
IRS990/OtherExpensesGrp/TotalAmt3345890
IRS990/OtherRevenueMiscGrp/BusinessCd0900001
IRS990/OtherRevenueMiscGrp/BusinessCd1517000
IRS990/OtherRevenueMiscGrp/Desc0PATRONAGE REVENUE
IRS990/OtherRevenueMiscGrp/Desc1REVENUE FROM NON-UTILITY OPERATIO
IRS990/OtherRevenueMiscGrp/ExclusionAmt0483890
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0483890
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1100
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0100
IRS990/OtherRevenueTotalAmt0483990
IRS990/OtherSalariesAndWagesGrp/TotalAmt0437357
IRS990/OtherSourcesGrossIncomeAmt0571080
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd01
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0335579
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0274007
IRS990/PrincipalOfficerNm0PHILIP HIGH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/Desc0ELECTRICITY SALES
IRS990/ProgramServiceRevenueGrp/Desc1OTHER ELECTRIC REVENUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt013841097
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15491
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt013841097
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15491
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt067019
IRS990/PYOtherExpensesAmt013058247
IRS990/PYOtherRevenueAmt0469014
IRS990/PYProgramServiceRevenueAmt013625872
IRS990/PYRevenuesLessExpensesAmt0616739
IRS990/PYSalariesCompEmpBnftPaidAmt0486919
IRS990/PYTotalExpensesAmt013545166
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt014161905
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt01113448
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt017644657
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt018258032
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/Form1120POLFiledInd01
IRS990ScheduleC/InternalFundsContributedAmt02000
IRS990ScheduleC/PoliticalExpendituresAmt02000
IRS990ScheduleC/Section527PoliticalOrgGrp/EIN0351998087
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0INDIANA FRIENDS OF RURAL ELECTRIFICATION
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt02000
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt0PO BOX 24517
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm0INDIANAPOLIS
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd0IN
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd046224
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0MONETARY DONATIONS
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I-A, LINE 1:
IRS990ScheduleC/TotalExemptFunctionExpendAmt02000
IRS990ScheduleD/BuildingsGrp/BookValueAmt01129305
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0799696
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01929001
IRS990ScheduleD/EquipmentGrp/BookValueAmt024213643
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010786450
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt035000093
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt013304221
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt021010
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt021010
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt010799
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1483436
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt23635
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt358659
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt489190
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt53809788
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt661030
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt7847
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt8379683
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt952472
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt10150
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt111000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt12985
IRS990ScheduleD/OtherSecuritiesGrp/Desc0OTHER INVEST-CFC
IRS990ScheduleD/OtherSecuritiesGrp/Desc1PATRONAGE CAPITAL-CFC
IRS990ScheduleD/OtherSecuritiesGrp/Desc2PATRONAGE CAPITAL-FARM BUREAU
IRS990ScheduleD/OtherSecuritiesGrp/Desc3PATRONAGE CAPITAL-UNITED UTILITY
IRS990ScheduleD/OtherSecuritiesGrp/Desc4PATRONAGE CAPITAL-FEDERATED
IRS990ScheduleD/OtherSecuritiesGrp/Desc5PATRONAGE CAPITAL-WVPA
IRS990ScheduleD/OtherSecuritiesGrp/Desc6PATRONAGE CAPITAL-CADP
IRS990ScheduleD/OtherSecuritiesGrp/Desc7PATRONAGE CAPITAL-INDIANA STATEWIDE
IRS990ScheduleD/OtherSecuritiesGrp/Desc8SUBS TO CAP TERM CERTIFICATES
IRS990ScheduleD/OtherSecuritiesGrp/Desc9INVEST IN STATEWIDE
IRS990ScheduleD/OtherSecuritiesGrp/Desc10OTHER INVEST-GREAT LAKES
IRS990ScheduleD/OtherSecuritiesGrp/Desc11OTHER INVEST-NRTC MEM
IRS990ScheduleD/OtherSecuritiesGrp/Desc12OTHER INVEST-WARREN COMM
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd5F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd6F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd7F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd8F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd9F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd10F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd11F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd12F
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt014417669
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE REMC DOES NOT BELIEVE THEY ARE TAKING ANY UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt025363958
IRS990ScheduleD/TotalBookValueSecuritiesAmt04951674
IRS990ScheduleD/TotalExpensesPerForm990Amt013304221

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$33,235,920
Liabilities
$14,977,888
Net assets
$18,258,032
Revenue
$14,417,669
Expenses
$13,304,221
Net income
$1,113,448
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$36.4$17.5$19.0$15.6$15.3$0.28
2023Detailed filing. Detailed filing data is available for this year.$35.3$16.2$19.1$16.5$15.3$1.18
2022Detailed filing. Detailed filing data is available for this year.$34.2$15.8$18.3$15.6$14.9$0.65
2021Detailed filing. Detailed filing data is available for this year.$33.8$15.6$18.2$14.2$13.8$0.36
2020Detailed filing. Detailed filing data is available for this year.$33.2$15.0$18.3$14.4$13.3$1.11
2019Detailed filing. Detailed filing data is available for this year.$32.3$14.7$17.6$14.2$13.5$0.62
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.6$8.99$12.6$10.3