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Henry County Rural Electric Membership Corporation

Henry County Remc
  • New Castle, IN
  • Tax-exempt since June 1937
  • EIN: 35-0377085

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.

Summary charts: organization finances over time

Revenue
$26.9M (2022)

Expenses
$26.9M (2022)

Total Assets
$64.5M (2022)

Total Liabilities
$32.4M (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
$26,891,779
Expenses
$26,929,478
Net Income
-$37,699
Net Assets
$32,076,229
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $26,064,644
96.9%
Investment Income $3,105
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $152,223
0.6%
Net Fundraising $0
Sales of Assets $22,285
0.1%
Net Inventory Sales $0
Other Revenue $649,522
2.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,374,815
5.1%
Professional Fundraising Fees $0
Other Salaries and Wages $1,149,963
4.3%
Assets/Debt
Total Assets $64,508,164
Total Liabilities $32,431,935
Net Assets $32,076,229
Club or Co-Op Income
Income From Members $26,064,644
Income From Other Sources $859,235
Compensation
Key Employees and Officers Compensation Related Other
Melissa True (Ceo) $183,783 $0 $90,568
Richard Byrer (Journeyman Lineman) $161,113 $0 $115,766
Wesley Jones (Overhead Construction Fore) $148,648 $0 $63,026
Adam Warwas (Chief Operations Officer) $139,048 $0 $64,079
Lance Koontz (Overhead Construction Fore) $130,652 $0 $52,390
Thomas Gettinger (Journeyman Lineman) $127,198 $0 $39,577
Jay Carr (Director) $8,019 $0 $0
Curtis Poore (Director) $7,869 $0 $0
Sam Sparks (Secretary) $7,150 $0 $0
Jamey Marcum (Treasurer) $6,869 $0 $0
Brian Becker (President) $6,675 $0 $0
Nate Lamar (Director) $6,528 $0 $0
M Shane Young (Vice President) $6,407 $0 $0
Wayne Jester (Director) $6,375 $0 $0
Donald Cross Through June 2022 (Director) $3,075 $0 $0
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Document Links

990
Filed on Nov. 3, 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
$24,960,625
Expenses
$24,960,625
Net Income
$0
Net Assets
$32,056,478
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $24,070,413
96.4%
Investment Income $2,172
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $149,494
0.6%
Net Fundraising $0
Sales of Assets $44,177
0.2%
Net Inventory Sales $0
Other Revenue $694,369
2.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,311,453
5.3%
Professional Fundraising Fees $0
Other Salaries and Wages $963,999
3.9%
Assets/Debt
Total Assets $59,562,351
Total Liabilities $27,505,873
Net Assets $32,056,478
Club or Co-Op Income
Income From Members $24,070,413
Income From Other Sources $910,257
Compensation
Key Employees and Officers Compensation Related Other
Richard Bryer (Journeyman Lineman) $136,294 $0 $81,155
Shannon Thom (Former Ceo) $131,716 $0 $26,154
Melissa True (Current Ceo) $131,262 $0 $59,530
Thomas Gettinger (Journeyman Lineman) $130,968 $0 $38,101
Wesley Jones (Overhead Construction Foreman) $130,152 $0 $54,569
Adam Warwas (Chief Operations Officer) $121,232 $0 $52,325
Tyler Powell (Overhead Construction Foreman) $118,282 $0 $38,063
Jamey Marcum (Treasurer) $9,775 $0 $0
Brian Becker (President) $7,950 $0 $0
Nate Lamar (Director) $7,700 $0 $0
M Shane Young (Vice President) $7,250 $0 $0
Sam Sparks (Secretary) $6,925 $0 $0
Donald Cross (Director) $6,200 $0 $0
Wayne Jester (Director) $5,950 $0 $0
Ron Chew (Director Until Oct 2021) $4,950 $0 $0
Randy Maloyed (Director Until June 2021) $2,150 $0 $0
Curtis Poore (Director) $1,650 $0 $0
Jay Carr (Director) $1,150 $0 $0
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Document Links

990
Filed on Nov. 14, 2022

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$24,431,155
Expenses
$24,431,155
Net Income
$0
Net Assets
$31,370,875
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $23,892,148
97.8%
Investment Income $2,089
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $133,452
0.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $403,466
1.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,270,561
5.2%
Professional Fundraising Fees $0
Other Salaries and Wages $1,064,153
4.4%
Assets/Debt
Total Assets $56,851,799
Total Liabilities $25,480,924
Net Assets $31,370,875
Club or Co-Op Income
Income From Members $23,892,148
Income From Other Sources $624,104
Compensation
Key Employees and Officers Compensation Related Other
Shannon Thom (Chief Executive Officer) $187,337 $0 $59,301
Richard Byrer (Journeyman Lineman) $127,970 $0 $66,301
Chad Hinesley (Oh Construction Foreman) $123,934 $0 $55,832
Tyler Powell (Journeyman Lineman) $119,550 $0 $32,761
Wesley Jones (Journeyman Lineman) $115,148 $0 $43,717
Lance Koontz (Journeyman Lineman) $114,543 $0 $39,697
Jamey Marcum (Treasurer) $7,575 $0 $0
Brian Becker (Chairman) $6,100 $0 $0
M Shane Young (Vice Chairman) $5,300 $0 $0
Ron Chew (Secretary) $5,225 $0 $0
Donald Cross (Director) $5,150 $0 $0
Randy Maloyed (Director) $5,150 $0 $0
Wayne Jester (Director) $4,725 $4,500 $0
Gerald Shelton Until Sept 2020 (Director) $4,250 $0 $0
Don Sloan Until Sept 2020 (Director) $4,225 $16,200 $0
Nate Lamar (Director) $1,000 $0 $0
Sam Sparks (Director) $1,000 $0 $0
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Document Links

990
Filed on Nov. 11, 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
$24,902,289
Expenses
$24,902,289
Net Income
$0
Net Assets
$31,157,038
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $24,123,731
96.9%
Investment Income $3,762
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $162,531
0.7%
Net Fundraising $0
Sales of Assets $22,507
0.1%
Net Inventory Sales $0
Other Revenue $589,758
2.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,147,021
4.6%
Professional Fundraising Fees $0
Other Salaries and Wages $988,283
4.0%
Assets/Debt
Total Assets $55,097,349
Total Liabilities $23,940,311
Net Assets $31,157,038
Club or Co-Op Income
Income From Members $24,123,731
Income From Other Sources $525,750
Compensation
Key Employees and Officers Compensation Related Other
Shannon Thom (Chief Executive Officer) $173,439 $0 $51,250
Chad Hinesley (Oh Construction Foreman) $121,138 $0 $46,231
Richard Byrer (Journeyman Lineman) $119,481 $0 $49,161
Tyler Powell (Journeyman Lineman) $114,567 $0 $24,232
Lance Koontz (Journeyman Lineman) $113,773 $0 $34,721
Wesley Jones (Journeyman Lineman) $112,467 $0 $35,822
Jamey Marcum (Director) $9,375 $0 $0
Ron Chew (Secretary) $9,050 $0 $0
Brian Becker (President) $8,250 $0 $0
Randy Maloyed (Director) $7,375 $0 $0
Wayne Jester (Director) $7,300 $0 $0
Gerald Shelton (Director) $6,900 $0 $0
Don Sloan (Vice President) $6,700 $28,200 $0
Donald Cross (Director) $6,625 $0 $0
M Shane Young (Treasurer) $6,025 $0 $0
+ View more people

Document Links

990
Filed on Nov. 11, 2020

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

View Filing
XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$25,064,792
Expenses
$25,064,792
Net Income
$0
Net Assets
$31,261,230
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $24,342,987
97.1%
Investment Income $11,959
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $97,446
0.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $612,400
2.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $821,499
3.3%
Professional Fundraising Fees $0
Other Salaries and Wages $983,241
3.9%
Assets/Debt
Total Assets $53,394,248
Total Liabilities $22,133,018
Net Assets $31,261,230
Club or Co-Op Income
Income From Members $24,342,987
Income From Other Sources $620,940

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
$23,323,387
Expenses
$23,323,387
Net Income
$0
Net Assets
$30,376,066
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $22,598,303
96.9%
Investment Income $2,924
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $102,827
0.4%
Net Fundraising $0
Sales of Assets -$133,323
Net Inventory Sales $0
Other Revenue $752,656
3.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $536,194
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,060,867
4.5%
Assets/Debt
Total Assets $51,840,589
Total Liabilities $21,464,523
Net Assets $30,376,066
Club or Co-Op Income
Income From Members $22,598,303
Income From Other Sources $1,375,671

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
$23,987,010
Expenses
$23,987,010
Net Income
$0
Net Assets
$30,436,590
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $22,967,563
95.8%
Investment Income $2,301
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $109,997
0.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $907,149
3.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $247,444
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,079,918
4.5%
Assets/Debt
Total Assets $49,763,026
Total Liabilities $19,326,436
Net Assets $30,436,590
Club or Co-Op Income
Income From Members $22,967,563
Income From Other Sources $235,955

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
$21,982,407
Expenses
$21,982,407
Net Income
$0
Net Assets
$28,919,881
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $21,144,125
96.2%
Investment Income $3,483
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $107,388
0.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $727,411
3.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $235,396
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $1,132,466
5.2%
Assets/Debt
Total Assets $35,281,285
Total Liabilities $6,361,404
Net Assets $28,919,881
Club or Co-Op Income
Income From Members $2,114,125
Income From Other Sources $403,178

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
$21,815,944
Expenses
$20,420,294
Net Income
$1,395,650
Net Assets
$27,566,625
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $20,946,192
96.0%
Investment Income $4,421
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$10,342
Net Inventory Sales $0
Other Revenue $875,673
4.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $267,719
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,052,414
5.2%
Assets/Debt
Total Assets $31,753,435
Total Liabilities $4,186,810
Net Assets $27,566,625
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.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$20,335,218
Expenses
$19,519,478
Net Income
$815,740
Net Assets
$25,822,287
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $19,496,055
95.9%
Investment Income $4,983
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $343
0.0%
Net Inventory Sales $0
Other Revenue $833,837
4.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $186,216
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $942,621
4.8%
Assets/Debt
Total Assets $29,667,487
Total Liabilities $3,845,200
Net Assets $25,822,287
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.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$19,876,365
Expenses
$18,680,645
Net Income
$1,195,720
Net Assets
$24,561,213
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $19,061,386
95.9%
Investment Income $6,432
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$921
Net Inventory Sales $0
Other Revenue $809,468
4.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $269,493
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $28,967,839
Total Liabilities $4,406,626
Net Assets $24,561,213
Club or Co-Op Income
Income From Members $19,066,777
Income From Other Sources $814,979

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
$19,258,131
Expenses
$18,057,890
Net Income
$1,200,241
Net Assets
$22,834,892
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $18,343,474
95.3%
Investment Income $9,413
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $971
0.0%
Net Inventory Sales $0
Other Revenue $904,273
4.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $247,863
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $27,209,414
Total Liabilities $4,374,522
Net Assets $22,834,892
Club or Co-Op Income
Income From Members $18,343,474
Income From Other Sources $914,657

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.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

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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