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Fulton County Rural Electric Membership Corporation

  • Rochester, IN
  • Tax-exempt since April 1937
  • EIN: 35-0324995

Organization summary

Type of Nonprofit

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

Category: Mutual/Membership Benefit Organizations, Other / Local Benevolent Life Insurance Associations, Mutual Irrigation and Telephone Companies, and Like Organizations (NTEE)

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$17.5M (2022)

Expenses
$17.5M (2022)

Total Assets
$30M (2022)

Total Liabilities
$11M (2022)

Source: Form 990 tax filings from 2011 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
$17,488,166
Expenses
$17,488,166
Net Income
$0
Net Assets
$18,959,968
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,824,181
96.2%
Investment Income $22,439
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $13,600
0.1%
Net Inventory Sales $0
Other Revenue $627,946
3.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,068,232
6.1%
Professional Fundraising Fees $0
Other Salaries and Wages $417,540
2.4%
Assets/Debt
Total Assets $29,979,808
Total Liabilities $11,019,840
Net Assets $18,959,968
Club or Co-Op Income
Income From Members $16,824,181
Income From Other Sources $42,797
Compensation
Key Employees and Officers Compensation Related Other
Andrew Horstman (Ceo) $149,969 $0 $67,606
Evan Wildermuth (Journeyman Lineman) $125,730 $0 $42,355
Dustin Stinson (Journeyman Lineman) $116,487 $0 $59,194
Brandon Wortley (Journeyman Lineman) $112,793 $0 $43,360
Darrell Hopkins (Journeyman Lineman) $106,195 $0 $31,861
Robert Cripe (Journeyman Lineman) $105,970 $0 $55,500
Dennis Burton (President) $7,993 $0 $0
Leander Hoover (Secretary/Treasurer) $7,854 $0 $0
Angela Miller (Director) $7,780 $0 $0
Brock Schwenk (Director) $7,329 $0 $0
Adam Loehmer (Director) $6,604 $0 $0
Eric Walsh (Vice President) $6,586 $0 $0
Ronald Jana January June (Director) $3,542 $0 $0
Stephanie Mcculley July December (Director) $0 $0 $0
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Document Links

990
Filed on Oct. 30, 2023

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

View Filing
XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,789,521
Expenses
$13,588,261
Net Income
$1,201,260
Net Assets
$18,319,741
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,293,463
96.6%
Investment Income $16,548
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $33,331
0.2%
Net Inventory Sales $0
Other Revenue $446,179
3.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $218,514
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,490,496
11.0%
Assets/Debt
Total Assets $29,622,941
Total Liabilities $11,303,200
Net Assets $18,319,741
Club or Co-Op Income
Income From Members $14,789,521
Income From Other Sources $5,476
Compensation
Key Employees and Officers Compensation Related Other
Joseph D Koch (Ceo) $153,192 $0 $27,956
Evan Wildermuth (Lineman) $127,223 $0 $18,394
Brandon Wortley (Lineman) $111,121 $0 $18,394
Eric Schlarf (Lineman) $106,585 $0 $18,395
Robert Cripe (Lineman) $105,681 $0 $18,394
Rick Banush (Operations Mgr) $104,746 $0 $20,772
Leander Hoover (Secretary Treasurer) $10,776 $0 $0
Ron Jana (Director) $10,247 $0 $0
Angela Miller (Director) $9,469 $0 $0
Dennis Burton (President) $9,455 $0 $0
Eric Walsh (Vice President) $9,148 $0 $0
Adam Loehmer (Director) $7,991 $0 $0
Virgil Biddinger (Director) $4,531 $0 $0
Brock Schwenk (Director) $3,706 $0 $0
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Document Links

990
Filed on May 13, 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
$14,158,566
Expenses
$13,055,983
Net Income
$1,102,583
Net Assets
$17,636,170
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,320
0.0%
Program Services $13,673,597
96.6%
Investment Income $19,364
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $27,008
0.2%
Net Inventory Sales $0
Other Revenue $437,277
3.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $211,999
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,438,359
11.0%
Assets/Debt
Total Assets $27,782,553
Total Liabilities $10,146,383
Net Assets $17,636,170
Club or Co-Op Income
Income From Members $14,149,757
Income From Other Sources $7,489
Compensation
Key Employees and Officers Compensation Related Other
Joseph Koch (Chief Executive Officer) $149,947 $0 $39,484
Rick Banush (Operations Manager) $115,637 $0 $44,885
Evan Wildermuth (Lineman) $115,058 $0 $40,524
Brandon Wortley (Lineman) $105,753 $0 $40,524
Rusty Newby (Lineman) $102,662 $0 $40,417
Dennis L Burton (President) $9,529 $0 $0
Angela Miller (Board Member) $9,446 $0 $0
Leander J Hoover (Secretary Treasurer) $9,429 $0 $0
Ronald L Jana (Board Member) $9,004 $0 $0
Eric Walsh (Vice President) $8,954 $0 $0
Virgil E Biddinger (Board Member) $8,064 $0 $0
Adam Loehmer (Board Member) $7,626 $0 $0
+ View more people

Document Links

990
Filed on Jan. 17, 2022

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
$13,906,374
Expenses
$12,174,089
Net Income
$1,732,285
Net Assets
$17,477,134
Notable Sources of Revenue Percent of Total Revenue
Contributions $610
0.0%
Program Services $13,446,463
96.7%
Investment Income $22,581
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $436,740
3.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $400,479
3.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,213,168
10.0%
Assets/Debt
Total Assets $27,514,238
Total Liabilities $10,037,104
Net Assets $17,477,134
Club or Co-Op Income
Income From Members $13,878,037
Income From Other Sources $28,337

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,637,240
Expenses
$12,093,615
Net Income
$1,543,625
Net Assets
$15,809,707
Notable Sources of Revenue Percent of Total Revenue
Contributions -$525
Program Services $13,172,145
96.6%
Investment Income $26,728
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $68,810
0.5%
Net Inventory Sales $0
Other Revenue $370,082
2.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $385,615
3.2%
Professional Fundraising Fees $0
Other Salaries and Wages $1,158,176
9.6%
Assets/Debt
Total Assets $25,227,229
Total Liabilities $9,417,522
Net Assets $15,809,707
Club or Co-Op Income
Income From Members $13,604,394
Income From Other Sources $33,371

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
$12,146,505
Expenses
$11,259,808
Net Income
$886,697
Net Assets
$14,779,488
Notable Sources of Revenue Percent of Total Revenue
Contributions $830
0.0%
Program Services $11,724,016
96.5%
Investment Income $21,019
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,601
0.0%
Net Inventory Sales $40
0.0%
Other Revenue $398,999
3.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $224,518
2.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,214,659
10.8%
Assets/Debt
Total Assets $24,573,744
Total Liabilities $9,794,256
Net Assets $14,779,488
Club or Co-Op Income
Income From Members $12,107,872
Income From Other Sources $37,803

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
$12,472,620
Expenses
$11,631,546
Net Income
$841,074
Net Assets
$14,229,399
Notable Sources of Revenue Percent of Total Revenue
Contributions $855
0.0%
Program Services $12,089,879
96.9%
Investment Income $17,705
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $33,150
0.3%
Net Inventory Sales $2,076
0.0%
Other Revenue $328,955
2.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $227,422
2.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,178,248
10.1%
Assets/Debt
Total Assets $23,874,628
Total Liabilities $9,645,229
Net Assets $14,229,399
Club or Co-Op Income
Income From Members $12,432,452
Income From Other Sources $39,313

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
$11,839,337
Expenses
$11,316,516
Net Income
$522,821
Net Assets
$13,741,011
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,015
0.0%
Program Services $11,471,278
96.9%
Investment Income $16,795
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $4,158
0.0%
Net Inventory Sales $5,151
0.0%
Other Revenue $340,940
2.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $215,971
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $1,154,905
10.2%
Assets/Debt
Total Assets $23,555,763
Total Liabilities $9,814,752
Net Assets $13,741,011
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0

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
$12,681,545
Expenses
$11,947,838
Net Income
$733,707
Net Assets
$13,637,536
Notable Sources of Revenue Percent of Total Revenue
Contributions $10
0.0%
Program Services $12,268,253
96.7%
Investment Income $16,807
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $3,380
0.0%
Net Inventory Sales $2
0.0%
Other Revenue $393,093
3.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $219,675
1.8%
Professional Fundraising Fees $0
Other Salaries and Wages $1,089,945
9.1%
Assets/Debt
Total Assets $23,067,183
Total Liabilities $9,429,647
Net Assets $13,637,536
Club or Co-Op Income
Income From Members $12,611,647
Income From Other Sources $40,388

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
$12,330,889
Expenses
$11,725,393
Net Income
$605,496
Net Assets
$12,980,169
Notable Sources of Revenue Percent of Total Revenue
Contributions $25
0.0%
Program Services $11,953,324
96.9%
Investment Income $16,151
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $12,362
0.1%
Net Inventory Sales $327
0.0%
Other Revenue $348,700
2.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $211,177
1.8%
Professional Fundraising Fees $0
Other Salaries and Wages $1,056,981
9.0%
Assets/Debt
Total Assets $22,074,125
Total Liabilities $9,093,956
Net Assets $12,980,169
Club or Co-Op Income
Income From Members $12,290,236
Income From Other Sources $40,628

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,112,018
Expenses
$11,571,548
Net Income
$540,470
Net Assets
$12,383,195
Notable Sources of Revenue Percent of Total Revenue
Contributions $360
0.0%
Program Services $11,775,933
97.2%
Investment Income $11,958
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $11,570
0.1%
Net Inventory Sales -$427
Other Revenue $312,624
2.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $209,907
1.8%
Professional Fundraising Fees $0
Other Salaries and Wages $1,076,656
9.3%
Assets/Debt
Total Assets $20,734,253
Total Liabilities $8,351,058
Net Assets $12,383,195
Club or Co-Op Income
Income From Members $12,085,653
Income From Other Sources $26,005

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
$11,765,826
Expenses
$11,096,645
Net Income
$669,181
Net Assets
$11,837,940
Notable Sources of Revenue Percent of Total Revenue
Contributions -$415
Program Services $11,417,053
97.0%
Investment Income $12,140
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $9,000
0.1%
Net Inventory Sales $143
0.0%
Other Revenue $327,905
2.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $315,497
2.8%
Professional Fundraising Fees $0
Other Salaries and Wages $866,885
7.8%
Assets/Debt
Total Assets $19,671,609
Total Liabilities $7,833,669
Net Assets $11,837,940
Club or Co-Op Income
Income From Members $11,703,540
Income From Other Sources $62,701

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2010

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.
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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