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Tipmont Rural Electric Membership Corporation

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
$79.5M (2022)

Expenses
$79.4M (2022)

Total Assets
$255M (2022)

Total Liabilities
$171M (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
$79,467,058
Expenses
$79,407,364
Net Income
$59,694
Net Assets
$83,523,020
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $77,915,962
98.0%
Investment Income $69,012
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $160,387
0.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,321,697
1.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,558,240
2.0%
Assets/Debt
Total Assets $254,841,288
Total Liabilities $171,318,268
Net Assets $83,523,020
Club or Co-Op Income
Income From Members $77,915,962
Income From Other Sources $1,551,095
Compensation
Key Employees and Officers Compensation Related Other
Ronald Holcomb (Ceo) $372,800 $0 $61,021
Jennifer Rufatto (Cmo) $249,189 $0 $36,299
Travis Bailey (Vp Information Technology) $240,704 $0 $46,997
Jeremy Konkle (Coo) $239,389 $0 $46,197
Jason M Monroe (Vp Sales) $212,140 $0 $11,230
Douglas J Martin (Vp Finance & Admin) $193,508 $0 $39,510
Robert J Baker (Director) $45,102 $0 $0
Larry E Carlson (Director) $44,932 $0 $0
Kirk Alter (Secretary/Treasurer) $30,167 $0 $0
Janet Harlow (Director) $21,112 $0 $0
Lynn Beck (Vice Chairman) $17,246 $0 $0
Brenton S Bible (Chairman Of The Board) $16,616 $0 $0
Wesley Stockdale (Director) $14,606 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$75,841,839
Expenses
$75,803,235
Net Income
$38,604
Net Assets
$81,101,893
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $72,986,437
96.2%
Investment Income $42,876
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $134,571
0.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,677,955
3.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,369,560
1.8%
Assets/Debt
Total Assets $238,009,464
Total Liabilities $156,907,571
Net Assets $81,101,893
Club or Co-Op Income
Income From Members $72,986,437
Income From Other Sources $2,855,402
Compensation
Key Employees and Officers Compensation Related Other
Ronald Holcomb (Ceo) $299,899 $0 $73,353
Jennifer Rufatto (Cmo) $216,491 $0 $35,207
Jeremy Konkle (Coo) $212,378 $0 $44,837
Jason M Monroe (Vp Sales) $188,147 $0 $10,499
Travis Bailey (Vp Information Technology) $186,188 $0 $45,719
Douglas J Martin (Vp Finance & Admin) $172,323 $0 $38,166
Robert J Baker (Director) $49,705 $0 $0
Larry E Carlson (Director) $41,805 $0 $0
Kirk Alter (Secretary/Treasurer) $37,750 $0 $0
Lynn Beck (Vice Chairman) $19,691 $0 $0
Janet Harlow (Director) $16,382 $0 $0
Brenton S Bible (Chairman Of The Board) $14,939 $0 $0
Wesley Stockdale (Director) $12,485 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$69,892,141
Expenses
$69,857,367
Net Income
$34,774
Net Assets
$77,623,149
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $67,622,772
96.8%
Investment Income $48,830
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $134,332
0.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,086,207
3.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $177,948
0.3%
Assets/Debt
Total Assets $218,036,452
Total Liabilities $140,413,303
Net Assets $77,623,149
Club or Co-Op Income
Income From Members $67,622,771
Income From Other Sources $2,269,370
Compensation
Key Employees and Officers Compensation Related Other
Ronald Holcomb (Ceo) $338,805 $0 $165,944
Jeremy Konkle (Vp Engineering And Operati) $178,760 $0 $52,274
Jason M Monroe (Vp Sales) $165,001 $0 $54,495
Travis Bailey (Vp Information Technology) $159,005 $0 $51,900
Douglas J Martin (Vp Finance & Admin) $147,216 $0 $43,986
Scot E Price (Manager Of Operations & Safety) $127,497 $0 $100,727
Jerry Peevler (Director) $66,295 $0 $0
Larry E Carlson (Director) $37,845 $0 $0
Robert J Baker (Chairman Of The Board) $37,645 $0 $0
Kirk Alter (Secretary/Treasurer) $30,715 $0 $0
Brenton S Bible (Vice Chairman) $18,881 $0 $0
Janet Harlow (Director) $16,332 $0 $0
Lynn Beck (Director) $14,816 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$68,913,464
Expenses
$68,898,247
Net Income
$15,217
Net Assets
$73,340,331
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $66,185,944
96.0%
Investment Income $97,538
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $134,554
0.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,495,428
3.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,073,018
1.6%
Assets/Debt
Total Assets $195,801,614
Total Liabilities $122,461,283
Net Assets $73,340,331
Club or Co-Op Income
Income From Members $66,185,944
Income From Other Sources $2,727,520
Compensation
Key Employees and Officers Compensation Related Other
Ronald Holcomb (Ceo) $330,040 $0 $118,530
Jeremy Konkle (Vp Engineering And Operati) $166,764 $0 $36,688
Oliver Beers (Vp Sales) $151,801 $0 $44,168
Travis Bailey (Vp Information Technology) $149,674 $0 $38,730
Douglas J Martin (Vp Finance & Admin) $135,905 $0 $35,982
Kevin Bonebrake (Lineman) $132,583 $0 $59,521
Jerry Peevler (Chairman) $59,445 $0 $0
Robert J Baker (Director) $46,055 $0 $0
Larry E Carlson (Director) $41,282 $0 $0
Kirk Alter (Secretary/Treasurer) $28,760 $0 $0
Janet Harlow (Director) $27,117 $0 $0
Lynn Beck (Director) $24,161 $0 $0
Brenton S Bible (Vice Chairman) $11,006 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$67,718,019
Expenses
$67,716,843
Net Income
$1,176
Net Assets
$70,268,722
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $65,731,106
97.1%
Investment Income $132,573
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $133,995
0.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,720,345
2.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,365,855
2.0%
Assets/Debt
Total Assets $183,828,443
Total Liabilities $113,559,721
Net Assets $70,268,722
Club or Co-Op Income
Income From Members $65,731,106
Income From Other Sources $1,986,913
Compensation
Key Employees and Officers Compensation Related Other
Ronald Holcomb (Ceo) $289,394 $0 $102,439
Jeremy Konkle (Vp Engineering And Operations) $152,327 $0 $36,036
Douglas J Martin (Vp Accounting & Finance) $129,988 $0 $35,840
Jason Monroe (Vp Essential Services) $118,184 $0 $27,705
Scot Price (Sr Manager Of Operations) $116,985 $0 $84,179
Matthew Lowe (Lineman) $114,007 $0 $59,598
Jerry Peevler (Chairman) $63,904 $0 $0
Robert J Baker (Director) $60,119 $0 $0
Larry E Carlson (Director) $46,271 $0 $0
Kirk Alter (Secretary/Treasurer) $30,714 $0 $0
Lynn Beck (Director) $30,646 $0 $0
Janet Harlow (Director) $27,042 $0 $0
Brenton S Bible (Vice Chairman) $13,931 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$62,776,268
Expenses
$62,746,443
Net Income
$29,825
Net Assets
$67,548,524
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $60,982,507
97.1%
Investment Income $75,230
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $130,089
0.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,588,442
2.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,283,397
2.0%
Assets/Debt
Total Assets $156,242,909
Total Liabilities $88,694,385
Net Assets $67,548,524
Club or Co-Op Income
Income From Members $60,982,507
Income From Other Sources $1,793,761
Compensation
Key Employees and Officers Compensation Related Other
Ronald Holcomb (Ceo) $274,943 $0 $100,329
Jeremy Konkle (Manager Of Engineering) $145,211 $0 $41,270
Corey M Willis (Manager Of Technology And) $134,827 $0 $67,782
Douglas J Martin (Manager Of Accounting & Finance) $120,279 $0 $43,819
Justin M Heide (Lineman) $113,176 $0 $21,993
Kevin A Bonebrake (Lineman) $111,398 $0 $37,080
Robert J Baker (President) $65,791 $0 $0
Jerry Peevler (Director) $58,879 $0 $0
Larry E Carlson (Director) $46,657 $0 $0
Kirk Alter (Secretary/Treasurer) $38,308 $0 $0
Lynn Beck (Director) $31,611 $0 $0
Janet Harlow (Director) $27,367 $0 $0
Brenton S Bible (Vice President) $10,234 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$62,275,384
Expenses
$62,265,307
Net Income
$10,077
Net Assets
$65,601,524
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $60,568,257
97.3%
Investment Income $54,069
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $130,736
0.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,522,322
2.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,423,701
2.3%
Assets/Debt
Total Assets $147,928,481
Total Liabilities $82,326,957
Net Assets $65,601,524
Club or Co-Op Income
Income From Members $60,568,257
Income From Other Sources $1,707,127
Compensation
Key Employees and Officers Compensation Related Other
Ronald Holcomb (Ceo) $259,368 $0 $44,044
Corey M Willis (Manager Of Technology And Member Engagement) $123,689 $0 $30,998
Scot Price (Operations Manager) $115,517 $0 $40,307
Justin M Heide (Lineman) $103,634 $0 $22,407
Kevin A Bonebrake (Lineman) $100,623 $0 $34,680
Robert J Baker (President) $51,158 $0 $0
Jerry Peevler (Director) $46,998 $0 $0
Larry E Carlson (Director) $40,526 $0 $0
Kirk Alter (Secretary/Treasurer) $32,913 $0 $0
Janet Harlow (Director) $21,423 $0 $0
Lynn Beck (Director) $14,286 $0 $0
Brenton S Bible (Vice President) $8,716 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$60,566,148
Expenses
$60,591,879
Net Income
-$25,731
Net Assets
$63,938,260
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $59,125,211
97.6%
Investment Income $47,424
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $118,238
0.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,275,275
2.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,326,096
2.2%
Assets/Debt
Total Assets $139,564,994
Total Liabilities $75,626,734
Net Assets $63,938,260
Club or Co-Op Income
Income From Members $59,125,211
Income From Other Sources $1,440,937
Compensation
Key Employees and Officers Compensation Related Other
Ronald Holcomb (Ceo) $243,360 $0 $42,797
Chad Jenkins (Manager Of Engineering & Operations) $122,516 $0 $17,931
Debra L Morris (Manager Of Finance & Administration) $122,125 $0 $37,695
Corey M Willis (Foreman) $121,312 $0 $28,111
Kevin A Bonebrake (Lineman) $105,573 $0 $29,916
Justin M Heide (Lineman) $105,028 $0 $6,458
Jerry Peevler (Director) $55,811 $0 $0
Robert J Baker (President) $43,456 $0 $0
Larry E Carlson (Director) $39,298 $0 $0
Kirk Alter (Secretary/Treasurer) $32,996 $0 $0
Lynn Beck (Director) $16,011 $0 $0
Brenton S Bible (Vice President) $10,636 $0 $0
Janet Harlow (Director) $10,202 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$61,264,518
Expenses
$61,184,769
Net Income
$79,749
Net Assets
$62,786,148
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $59,846,639
97.7%
Investment Income $43,880
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $125,511
0.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,248,488
2.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,115,636
1.8%
Professional Fundraising Fees $0
Other Salaries and Wages $422,475
0.7%
Assets/Debt
Total Assets $131,340,062
Total Liabilities $68,553,914
Net Assets $62,786,148
Club or Co-Op Income
Income From Members $59,846,639
Income From Other Sources $1,417,879
Compensation
Key Employees and Officers Compensation Related Other
Ronald Holcomb (Ceo) $199,843 $0 $27,210
Debra L Morris (Manager Of Finance & Administration) $116,094 $0 $29,270
Kevin A Bonebrake (Lineman) $109,385 $0 $30,329
Corey M Rhine (Foreman) $108,946 $0 $30,871
Chad Jenkins (Manager Of Engineering & Operations) $107,343 $0 $30,621
Justin M Heide (Lineman) $107,226 $0 $23,926
Jerry Peevler (President) $53,397 $0 $0
Robert J Baker (Director) $41,942 $0 $0
Larry E Carlson (Director) $35,044 $0 $0
Kirk Alter (Secretary/Treasurer) $29,807 $0 $0
Curt Hudson (Director) $13,532 $0 $0
Lynn Beck (Director) $11,951 $0 $0
Brenton S Bible (Vice President) $9,101 $0 $0
Richard W Harlow Jr (Director) $7,308 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$57,993,090
Expenses
$57,968,154
Net Income
$24,936
Net Assets
$57,043,178
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $56,371,865
97.2%
Investment Income $43,976
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $139,271
0.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,437,978
2.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,035,257
1.8%
Professional Fundraising Fees $0
Other Salaries and Wages $2,311,359
4.0%
Assets/Debt
Total Assets $118,587,725
Total Liabilities $61,544,547
Net Assets $57,043,178
Club or Co-Op Income
Income From Members $56,371,865
Income From Other Sources $211,856

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$54,399,515
Expenses
$54,378,050
Net Income
$21,465
Net Assets
$53,588,466
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $52,963,658
97.4%
Investment Income $44,757
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $112,875
0.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,278,225
2.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $528,821
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $2,397,092
4.4%
Assets/Debt
Total Assets $105,388,126
Total Liabilities $51,799,660
Net Assets $53,588,466
Club or Co-Op Income
Income From Members $52,963,658
Income From Other Sources $236,917

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$53,742,366
Expenses
$53,703,706
Net Income
$38,660
Net Assets
$50,421,800
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $52,274,195
97.3%
Investment Income $43,891
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $96,305
0.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,327,975
2.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $367,151
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $2,524,672
4.7%
Assets/Debt
Total Assets $99,034,091
Total Liabilities $48,612,291
Net Assets $50,421,800
Club or Co-Op Income
Income From Members $52,274,195
Income From Other Sources $252,893

Document Links

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

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

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

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

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

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

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

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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