Valley Rural Utility Company

Lawrenceburg, IN
Tax-exempt since April 1995
EIN: 35-1941793

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Type of Nonprofit

Designated as a 501(c)(12) Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Revenue

$3.59M (2024)

Expenses

$2.98M (2024)

Total Assets

$15.3M (2024)

Total Liabilities

$12.2M (2024)

Source: Form 990 tax filings from 2011 to 2024

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.
2024

Revenue

$3,590,420

Expenses

$2,978,012

Net Income

$612,408

Net Assets

$3,186,674

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,508,342	97.7%
Investment Income	$79,882	2.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$2,196	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$410,280	13.8%

Assets/Debt
Total Assets	$15,343,333
Total Liabilities	$12,156,659
Net Assets	$3,186,674

Club or Co-Op Income
Income From Members	$3,508,342
Income From Other Sources	$82,078

Compensation

Key Employees and Officers	Compensation	Related	Other
Paula Green (Director)	$0	$0	$0
Angel Packer (Director)	$0	$0	$0
Kevin Grosse (President)	$0	$0	$0
Dana Hensley (Secretary)	$0	$0	$0
Paul Schumacher (Treasurer)	$0	$0	$0
David Spinney (Vice Preside)	$0	$0	$0

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990

Filed on May 14, 2025

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

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Fiscal Year Ending Dec.
2023

Revenue

$3,573,465

Expenses

$3,098,414

Net Income

$475,051

Net Assets

$2,574,266

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,515,735	98.4%
Investment Income	$56,960	1.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$770	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$416,692	13.4%

Assets/Debt
Total Assets	$14,843,618
Total Liabilities	$12,269,352
Net Assets	$2,574,266

Club or Co-Op Income
Income From Members	$3,515,735
Income From Other Sources	$57,730

Compensation

Key Employees and Officers	Compensation	Related	Other
Paula Green (Director)	$0	$0	$0
Fritz Schaefer (Director)	$0	$0	$0
Karen Shaw (Director)	$0	$0	$0
Kevin Grosse (President)	$0	$0	$0
Dana Hensley (Secretary)	$0	$0	$0
Paul Schumacher (Treasurer)	$0	$0	$0
David Spinney (Vice Preside)	$0	$0	$0

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990

Filed on Sept. 4, 2024

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

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Fiscal Year Ending Dec.
2022

Revenue

$3,394,156

Expenses

$2,881,638

Net Income

$512,518

Net Assets

$2,099,215

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,376,431	99.5%
Investment Income	$14,003	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$3,722	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$372,972	12.9%

Assets/Debt
Total Assets	$14,936,505
Total Liabilities	$12,837,290
Net Assets	$2,099,215

Club or Co-Op Income
Income From Members	$3,376,430
Income From Other Sources	$17,726

Compensation

Key Employees and Officers	Compensation	Related	Other
Jeff Bittner (Director)	$0	$0	$0
Fritz Schaefer (Director)	$0	$0	$0
Karen Shaw (Director)	$0	$0	$0
Fred Ciucci (Vice Preside)	$0	$0	$0
Kevin Grosse (President)	$0	$0	$0
Dana Hensley (Secretary)	$0	$0	$0
Paul Schumacher (Treasurer)	$0	$0	$0

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990

Filed on Aug. 7, 2023

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

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Fiscal Year Ending Dec.
2021

Revenue

$3,146,972

Expenses

$2,821,101

Net Income

$325,871

Net Assets

$1,586,697

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,092,892	98.3%
Investment Income	$12,070	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$41,400	1.3%
Net Inventory Sales	$0
Other Revenue	$610	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$352,084	12.5%

Assets/Debt
Total Assets	$14,899,978
Total Liabilities	$13,313,281
Net Assets	$1,586,697

Club or Co-Op Income
Income From Members	$3,092,892
Income From Other Sources	$54,080

Compensation

Key Employees and Officers	Compensation	Related	Other
Mark Keller (Director)	$0	$0	$0
Fred Lehmann (Director)	$0	$0	$0
Fritz Schaefer (Director)	$0	$0	$0
Fred Ciucci (Vice Preside)	$0	$0	$0
Kevin Grosse (President)	$0	$0	$0
Dana Hensley (Secretary)	$0	$0	$0
Paul Schumacher (Treasurer)	$0	$0	$0

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990

Filed on July 18, 2022

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

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Fiscal Year Ending Dec.
2020

Revenue

$2,996,744

Expenses

$2,728,595

Net Income

$268,149

Net Assets

$1,260,826

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,978,139	99.4%
Investment Income	$17,894	0.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$711	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$347,788	12.7%

Assets/Debt
Total Assets	$14,730,284
Total Liabilities	$13,469,458
Net Assets	$1,260,826

Club or Co-Op Income
Income From Members	$2,978,139
Income From Other Sources	$18,605

Compensation

Key Employees and Officers	Compensation	Related	Other
Mark Keller (Director)	$0	$0	$0
Fred Lehmann (Director)	$0	$0	$0
Fritz Schaefer (Director)	$0	$0	$0
Fred Ciucci (Vice Preside)	$0	$0	$0
Kevin Grosse (President)	$0	$0	$0
Dana Hensley (Secretary)	$0	$0	$0
Paul Schumacher (Treasurer)	$0	$0	$0

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990

Filed on June 8, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$2,874,502

Expenses

$2,793,875

Net Income

$80,627

Net Assets

$992,677

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,855,287	99.3%
Investment Income	$18,498	0.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$717	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$301,215	10.8%

Assets/Debt
Total Assets	$14,423,928
Total Liabilities	$13,431,251
Net Assets	$992,677

Club or Co-Op Income
Income From Members	$2,855,288
Income From Other Sources	$19,215

Compensation

Key Employees and Officers	Compensation	Related	Other
Mark Keller (Director)	$0	$0	$0
Fred Lehmann (Director)	$0	$0	$0
Fritz Schaefer (Director)	$0	$0	$0
Fred Ciucci (Vice Preside)	$0	$0	$0
Kevin Grosse (President)	$0	$0	$0
Dana Hensley (Secretary)	$0	$0	$0
Paul Schumacher (Treasurer)	$0	$0	$0

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990

Filed on Sept. 4, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$2,677,292

Expenses

$2,563,743

Net Income

$113,549

Net Assets

$912,050

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,662,299	99.4%
Investment Income	$14,722	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$271	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$281,562	11.0%

Assets/Debt
Total Assets	$14,741,411
Total Liabilities	$13,829,361
Net Assets	$912,050

Club or Co-Op Income
Income From Members	$2,662,299
Income From Other Sources	$14,993

Compensation

Key Employees and Officers	Compensation	Related	Other
Fred Lehmann (Director)	$0	$0	$0
Mark Keller (Director)	$0	$0	$0
Fritz Schaefer (Director)	$0	$0	$0
Paul Schumacher (Treasurer)	$0	$0	$0
Dana Hensley (Secretary)	$0	$0	$0
Fred Ciucci (Vice Preside)	$0	$0	$0
Kevin Grosse (President)	$0	$0	$0

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990

Filed on May 13, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$2,588,562

Expenses

$2,468,309

Net Income

$120,253

Net Assets

$798,501

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,577,509	99.6%
Investment Income	$9,937	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,116	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$281,288	11.4%

Assets/Debt
Total Assets	$14,967,186
Total Liabilities	$14,168,685
Net Assets	$798,501

Club or Co-Op Income
Income From Members	$2,577,509
Income From Other Sources	$11,053

Compensation

Key Employees and Officers	Compensation	Related	Other
Fred Lehmann (Director)	$0	$0	$0
Mark Keller (Director)	$0	$0	$0
John Montgomery (Director)	$0	$0	$0
Paul Schumacher (Treasurer)	$0	$0	$0
Dana Hensley (Secretary)	$0	$0	$0
Fred Ciucci (Vice Preside)	$0	$0	$0
Kevin Grosse (President)	$0	$0	$0

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990

Filed on June 19, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$2,480,271

Expenses

$2,564,608

Net Income

-$84,337

Net Assets

$678,248

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,471,972	99.7%
Investment Income	$7,299	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,000	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$288,431	11.2%

Assets/Debt
Total Assets	$15,137,554
Total Liabilities	$14,459,306
Net Assets	$678,248

Club or Co-Op Income
Income From Members	$2,471,972
Income From Other Sources	$8,299

Compensation

Key Employees and Officers	Compensation	Related	Other
Paul Schumacher (Director)	$0	$0	$0
Mark Keller (Director)	$0	$0	$0
John Montgomery (Director)	$0	$0	$0
Dana Hensley (Secretary)	$0	$0	$0
Fred Ciucci (Vice Preside)	$0	$0	$0
Kevin Grosse (President)	$0	$0	$0
Dean Swomley (Treasurer)	$0	$0	$0

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990

Filed on May 9, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$2,470,470

Expenses

$2,551,789

Net Income

-$81,319

Net Assets

$762,585

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,463,687	99.7%
Investment Income	$6,006	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$777	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$280,223	11.0%

Assets/Debt
Total Assets	$15,639,606
Total Liabilities	$14,877,021
Net Assets	$762,585

Club or Co-Op Income
Income From Members	$2,484,036
Income From Other Sources	$6,784

990

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

PDF

Fiscal Year Ending Dec.
2014

Revenue

$2,438,994

Expenses

$2,613,413

Net Income

-$174,419

Net Assets

$777,043

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,559,718	> 100%
Investment Income	$5,447	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$127,151
Net Inventory Sales	$0
Other Revenue	$980	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$267,448	10.2%

Assets/Debt
Total Assets	$15,517,622
Total Liabilities	$14,740,579
Net Assets	$777,043

Club or Co-Op Income
Income From Members	$2,559,728
Income From Other Sources	$6,427

990

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

PDF

Fiscal Year Ending Dec.
2013

Revenue

$1,799,883

Expenses

$2,365,369

Net Income

-$565,486

Net Assets

$951,462

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,470,919	> 100%
Investment Income	$5,455	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$676,246
Net Inventory Sales	$0
Other Revenue	-$245

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$268,687	11.4%

Assets/Debt
Total Assets	$13,237,145
Total Liabilities	$12,285,683
Net Assets	$951,462

Club or Co-Op Income
Income From Members	$2,470,674
Income From Other Sources	$7,955

990

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$2,159,661

Expenses

$2,061,861

Net Income

$97,800

Net Assets

$1,516,948

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,399,405	> 100%
Investment Income	$5,219	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$251,351
Net Inventory Sales	$0
Other Revenue	$6,388	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$305,078	14.8%

Assets/Debt
Total Assets	$12,046,781
Total Liabilities	$10,529,833
Net Assets	$1,516,948

Club or Co-Op Income
Income From Members	$2,405,793
Income From Other Sources	$5,218

990

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$2,238,080

Expenses

$2,064,571

Net Income

$173,509

Net Assets

$1,419,148

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,230,706	99.7%
Investment Income	$3,839	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$3,535	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$261,160	12.6%

Assets/Debt
Total Assets	$7,492,534
Total Liabilities	$6,073,386
Net Assets	$1,419,148

Club or Co-Op Income
Income From Members	$2,234,241
Income From Other Sources	$3,839

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

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Valley Rural Utility Company

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $3.59M (2024)

Expenses $2.98M (2024)

Total Assets $15.3M (2024)

Total Liabilities $12.2M (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Revenue

$3.59M (2024)

Expenses

$2.98M (2024)

Total Assets

$15.3M (2024)

Total Liabilities

$12.2M (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2002