Civic Intelligence

Indiana Statewide Association of Rural

EIN 35-1499808 • 501(c)6 • Carmel, IN

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Profile

Indiana electric cooperatives exists to enhance the competitiveness of its member distribution cooperatives and generation and transmission cooperatives

11805 Pennsylvania StCarmel, IN 46032

n/A

Siviq Scores

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

Liabilities / Assets

76th percentile

0.48x

Higher debt load relative to assets than 76% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

63rd percentile

0.52x

Higher debt load relative to revenue than 63% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Net Margin

40th percentile

1.8%

Higher net margin than 40% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

75th percentile

$566,092

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 5.7% of source-year revenue.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Asset Growth

81st percentile

16%

Faster asset growth than 81% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

45th percentile

4.9%

Faster revenue growth than 45% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$10,702,935

Up $1,449,908 (+16%) from 2023

Liabilities

Up

$5,151,426

Up $1,271,641 (+33%) from 2023

Net Assets

Up

$5,551,509

Up $178,267 (+3.3%) from 2023

Operations
Liabilities / Revenue63rd percentileNet Margin40th percentile

Revenue

Up

$9,986,829

Up $463,518 (+4.9%) from 2023

Expenses

Up

$9,808,567

Up $48,216 (+0.5%) from 2023

Net Income

Up

$178,262

Up $415,302 (+175%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth81st percentile

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

$15M$10M$5.0M$0Assets 2016: $5,356,281Liabilities 2016: $857,099Net Assets 2016: $4,499,1822016Assets 2017: $5,581,961Liabilities 2017: $868,747Net Assets 2017: $4,713,2142017Assets 2018: $5,598,932Liabilities 2018: $1,105,219Net Assets 2018: $4,493,7132018Assets 2019: $5,796,474Liabilities 2019: $1,183,347Net Assets 2019: $4,613,1272019Assets 2020: $5,950,544Liabilities 2020: $1,046,926Net Assets 2020: $4,903,6182020Assets 2021: $6,936,351Liabilities 2021: $1,404,302Net Assets 2021: $5,532,0492021Assets 2022: $7,698,602Liabilities 2022: $2,088,315Net Assets 2022: $5,610,2872022Assets 2023: $9,253,027Liabilities 2023: $3,879,785Net Assets 2023: $5,373,2422023Assets 2024: $10,702,935Liabilities 2024: $5,151,426Net Assets 2024: $5,551,5092024

Highlighted filing

2024

Assets$10,702,935
Liabilities$5,151,426
Net Assets$5,551,509
Open 2024 Filing

Operations Trend

Revenue Growth45th percentile

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

$10M$5.0M$0-$5.0MRevenue 2016: $7,599,578Expenses 2016: $7,122,418Net Income 2016: $477,1602016Revenue 2017: $8,231,507Expenses 2017: $8,017,465Net Income 2017: $214,0422017Revenue 2018: $8,203,846Expenses 2018: $8,233,181Net Income 2018: -$29,3352018Revenue 2019: $8,684,270Expenses 2019: $8,579,735Net Income 2019: $104,5352019Revenue 2020: $9,020,295Expenses 2020: $8,756,301Net Income 2020: $263,9942020Revenue 2021: $8,918,869Expenses 2021: $8,290,438Net Income 2021: $628,4312021Revenue 2022: $9,344,192Expenses 2022: $9,231,757Net Income 2022: $112,4352022Revenue 2023: $9,523,311Expenses 2023: $9,760,351Net Income 2023: -$237,0402023Revenue 2024: $9,986,829Expenses 2024: $9,808,567Net Income 2024: $178,2622024

Highlighted filing

2024

Revenue$9,986,829
Expenses$9,808,567
Net Income$178,262
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$10,702,935
Liabilities
$5,151,426
Net assets
$5,551,509
Revenue
$9,986,829
Expenses
$9,808,567
Net income
$178,262
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$10.7$5.15$5.55$9.99$9.81$0.18
2023Detailed filing. Detailed filing data is available for this year.$9.25$3.88$5.37$9.52$9.76$0.24
2022Detailed filing. Detailed filing data is available for this year.$7.70$2.09$5.61$9.34$9.23$0.11
2021Detailed filing. Detailed filing data is available for this year.$6.94$1.40$5.53$8.92$8.29$0.63
2020Detailed filing. Detailed filing data is available for this year.$5.95$1.05$4.90$9.02$8.76$0.26
2019Detailed filing. Detailed filing data is available for this year.$5.80$1.18$4.61$8.68$8.58$0.10
2018Detailed filing. Detailed filing data is available for this year.$5.60$1.11$4.49$8.20$8.23$0.03
2017Detailed filing. Detailed filing data is available for this year.$5.58$0.87$4.71$8.23$8.02$0.21
2016Detailed filing. Detailed filing data is available for this year.$5.36$0.86$4.50$7.60$7.12$0.48
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)6 • $10M-$25M nonprofits