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Lorain Medina Rural Electric Coop Inc

  • Wellington, OH
  • Tax-exempt since Oct. 1938
  • EIN: 34-0365430

Organization summary

Type of Nonprofit

Designated as a Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$48.3M (2022)

Expenses
$41M (2022)

Total Assets
$107M (2022)

Total Liabilities
$42.9M (2022)

Source: Form 990 tax filings from 2010 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$48,347,059
Expenses
$40,980,234
Net Income
$7,366,825
Net Assets
$63,963,348
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $46,684,500
96.6%
Investment Income $240,401
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,422,158
2.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $106,860,497
Total Liabilities $42,897,149
Net Assets $63,963,348
Club or Co-Op Income
Income From Members $46,684,500
Income From Other Sources $1,662,559
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Edward Vanhoose (President/Ceo) $207,119 $0 $17,913
Joel Miller (Line Foreman) $127,064 $0 $11,195
Brad Warnement (Chief Operating Officer) $118,504 $0 $18,967
Lucas Stone (Lineman) $115,315 $0 $13,423
Nicholas Smith (Lineman) $106,069 $0 $13,376
Michael Kelsey (Lineman) $102,179 $0 $7,314
Rodney Eaton (Chair) $18,475 $0 $0
Gary Rowland (Vice Chair) $15,800 $0 $0
Judy Pickworth (Director) $12,575 $0 $0
James Mcconnell (Director) $11,175 $0 $0
Brenda Wolfe (Secretary) $11,100 $0 $0
Keith Lowe (Treasurer) $10,500 $0 $0
Joseph Swinko (Director) $9,800 $0 $0
Richard Indoe (Director) $5,525 $0 $0
Kenneth Diedrick (Director) $5,100 $0 $0
Kathleen Norton Fox (Director) $3,850 $0 $0
Richard Dumperth (Director) $3,575 $0 $0
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Document Links

990
Filed on Nov. 14, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$43,488,454
Expenses
$38,490,542
Net Income
$4,997,912
Net Assets
$58,857,009
Notable Sources of Revenue Percent of Total Revenue
Contributions $638,000
1.5%
Program Services $41,607,709
95.7%
Investment Income $65,203
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,177,542
2.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $103,003,393
Total Liabilities $44,146,384
Net Assets $58,857,009
Club or Co-Op Income
Income From Members $41,607,709
Income From Other Sources $2,523,583
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Edward Vanhoose (General Manager) $199,086 $0 $109,922
Timothy Rising (Operations Manager) $105,188 $0 $103,904
Kristine Dawson (Director Of Finance & Acco) $89,604 $0 $14,587
Gary Rowland (Board Vice President) $15,400 $0 $0
Rodney Eaton (Board President) $14,700 $0 $0
James Mcconnell (Trustee) $12,675 $0 $0
Joseph Swinko (Trustee) $12,175 $0 $0
Judy Pickworth (Trustee) $11,825 $0 $0
Keith Lowe (Treasurer) $9,650 $0 $0
Richard Indoe (Trustee) $9,600 $0 $0
Brenda Wolfe (Secretary) $8,575 $0 $0
Kathleen Norton Fox (Trustee) $7,625 $0 $0
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Document Links

990
Filed on Nov. 3, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$40,199,966
Expenses
$36,447,599
Net Income
$3,752,367
Net Assets
$56,058,681
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $38,901,510
96.8%
Investment Income $108,643
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,189,813
3.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $101,399,261
Total Liabilities $45,340,580
Net Assets $56,058,681
Club or Co-Op Income
Income From Members $38,901,510
Income From Other Sources $1,298,456
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Edward Vanhoose (General Manager) $168,646 $0 $82,539
Timothy Rising (Operations Manager) $104,950 $0 $80,999
James Spears (Lineman Foreman) $101,821 $0 $10,115
Kristine Dawson (Director Of Finance & Acco) $54,287 $0 $10,354
Rodney Eaton (Board President) $13,875 $0 $0
Gary Rowland (Board Vice President) $12,675 $0 $0
Judy Pickworth (Trustee) $9,438 $0 $0
Brenda Wolfe (Secretary) $8,700 $0 $0
James Mcconnell (Trustee) $8,588 $0 $0
Keith Lowe (Treasurer) $8,450 $0 $0
Kathleen Norton Fox (Trustee) $7,050 $0 $0
Joseph Swinko (Trustee) $5,888 $0 $0
Richard Indoe (Trustee) $5,350 $0 $0
+ View more people

Document Links

990
Filed on Oct. 4, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$40,792,883
Expenses
$35,831,188
Net Income
$4,961,695
Net Assets
$54,460,640
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $39,388,030
96.6%
Investment Income $165,281
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$46,178
Net Inventory Sales $0
Other Revenue $1,285,750
3.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $90,990,146
Total Liabilities $36,529,506
Net Assets $54,460,640
Club or Co-Op Income
Income From Members $39,388,030
Income From Other Sources $1,404,853
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Edward Vanhoose (General Manager) $154,175 $0 $68,184
Kristine Dawson (Director Of Finance & Accounting) $49,214 $0 $8,332
Gary Rowland (Board Vice President) $16,175 $0 $0
Rodney Eaton (Board President) $15,225 $0 $0
Judy Pickworth (Trustee) $11,850 $0 $0
James Mcconnell (Trustee) $11,100 $0 $0
Richard Indoe (Trustee) $10,675 $0 $0
Keith Lowe (Treasurer) $8,900 $0 $0
Brenda Wolfe (Secretary) $7,500 $0 $0
Joseph Swinko (Trustee) $7,250 $0 $0
Kathleen Norton Fox (Trustee) $7,125 $0 $0
+ View more people

Document Links

990
Filed on July 13, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$42,553,576
Expenses
$37,494,626
Net Income
$5,058,950
Net Assets
$50,578,487
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $42,307,958
99.4%
Investment Income $245,618
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $88,550,287
Total Liabilities $37,971,800
Net Assets $50,578,487
Club or Co-Op Income
Income From Members $39,861,168
Income From Other Sources $2,692,408

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$39,046,266
Expenses
$35,402,102
Net Income
$3,644,164
Net Assets
$46,472,318
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $38,890,090
99.6%
Investment Income $156,176
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $85,620,406
Total Liabilities $39,148,088
Net Assets $46,472,318
Club or Co-Op Income
Income From Members $36,694,305
Income From Other Sources $2,351,961

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$37,263,513
Expenses
$34,311,655
Net Income
$2,951,858
Net Assets
$43,702,389
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $37,082,912
99.5%
Investment Income $180,601
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $83,807,205
Total Liabilities $40,104,816
Net Assets $43,702,389
Club or Co-Op Income
Income From Members $35,760,724
Income From Other Sources $1,502,789

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$38,341,031
Expenses
$34,923,838
Net Income
$3,417,193
Net Assets
$42,297,179
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $38,202,978
99.6%
Investment Income $138,053
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $83,448,878
Total Liabilities $41,151,699
Net Assets $42,297,179
Club or Co-Op Income
Income From Members $35,707,619
Income From Other Sources $2,633,412

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$38,834,625
Expenses
$36,009,608
Net Income
$2,825,017
Net Assets
$39,549,799
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $38,727,315
99.7%
Investment Income $107,310
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $82,230,636
Total Liabilities $42,680,837
Net Assets $39,549,799
Club or Co-Op Income
Income From Members $34,973,784
Income From Other Sources $3,860,841

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$36,225,016
Expenses
$33,686,251
Net Income
$2,538,765
Net Assets
$38,052,912
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $36,131,444
99.7%
Investment Income $93,572
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $81,796,344
Total Liabilities $43,743,432
Net Assets $38,052,912
Club or Co-Op Income
Income From Members $33,529,070
Income From Other Sources $2,695,946
Compensation
Key Employees and Officers Compensation Related Other
Markus Bryant (General Manager) $144,754 $0 $30,202
William A Dye (Director Of Finance And Accounting) $61,444 $0 $2,909
Gary L Rowland (Vice President) $14,475 $0 $2,735
Rodney L Eaton (President) $11,975 $0 $708
Richard K Indoe (Trustee) $10,300 $0 $7
James R Mcconnell (Secretary) $10,025 $0 $420
Kenneth J Diedrick (Trustee) $9,850 $0 $16
Judy Pickworth (Trustee) $9,550 $0 $16
Keith E Lowe (Treasurer) $8,300 $0 $916
Cecilia M Kruggel (Trustee) $5,600 $0 $6
Phil A Schneiter (Trustee) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 14, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$35,139,211
Expenses
$32,844,267
Net Income
$2,294,944
Net Assets
$36,436,085
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $35,072,309
99.8%
Investment Income $66,902
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $73,855,323
Total Liabilities $37,419,238
Net Assets $36,436,085
Club or Co-Op Income
Income From Members $32,257,142
Income From Other Sources $2,882,069

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$34,083,083
Expenses
$31,459,188
Net Income
$2,623,895
Net Assets
$35,013,372
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $34,031,868
99.8%
Investment Income $51,215
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $70,391,370
Total Liabilities $35,377,998
Net Assets $35,013,372
Club or Co-Op Income
Income From Members $30,811,248
Income From Other Sources $3,220,620

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$31,153,744
Expenses
$29,004,370
Net Income
$2,149,374
Net Assets
$33,462,204
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $31,106,297
99.8%
Investment Income $47,447
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $69,626,855
Total Liabilities $36,164,651
Net Assets $33,462,204
Club or Co-Op Income
Income From Members $28,883,723
Income From Other Sources $2,222,574

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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