JASPER COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION

EIN: 350420295

RENSSELAER, IN

Total Revenue
$32,945,077
Total Expenses
$32,945,077
Total Assets
$61,656,311
Net Assets
$32,503,641
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1938
Legal Domicile
IN
Principal Officer
JON RICH
Phone
2198664601
Tax Period
2023-01-01 to 2023-12-31

JASPER COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION, founded in 1938, is a mid-sized nonprofit that reported $32.9M in total revenue in fiscal year 2023.

Mission

DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 8,600 MEMBERS ON A COOPERATIVE BASIS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $31,993,570
Investment Income $27,573
Other Revenue $923,934
TOTAL REVENUE $32,945,077

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,934,523
Fundraising Expenses $0
Other Expenses $28,185,873
TOTAL EXPENSES $32,945,077

Year-over-Year Comparison

2023 2022 Change
Revenue $32,945,077 $32,145,240 +0.0%
Expenses $32,945,077 $32,145,240 +0.0%
Net Income $0 $0 N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✓ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
42
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$217,714
Total Directors
7
$199,542
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BART A NESIUS PRESIDENT 7.04
Director
$27,942 $0 $27,942
DAIN A HAYWORTH VICE-PRESIDENT 7.68
Director
$28,800 $0 $28,800
MARK HURLEY SECRETARY/TREASURER 5.37
Director
$26,850 $0 $26,850
MARK KINGMA DIRECTOR 2.37
Director
$28,650 $0 $28,650
DAVID R DUTTLINGER DIRECTOR 10.97
Director
$30,900 $0 $30,900
KERRY MILLER DIRECTOR 6.27
Director
$27,150 $0 $27,150
JOANN MCELFRESH DIRECTOR 7.70
Director
$29,250 $0 $29,250
JONATHON RICH CEO/GENERAL MANAGER 40.00
Officer
$140,361 $77,353 $217,714
KENNETH GERHARDT DIR. OF ENGINEERING & OPER 40.00
Highest
$116,732 $44,965 $161,697
MICHAEL WIVOET JOURNEYMAN LINEMAN 44.90
Highest
$111,755 $20,691 $132,446
BRADEN MATTOCKS 1ST CLASS LINEMAN 45.60
Highest
$119,288 $20,471 $139,759
CHAD WITHERINGTON 1ST CLASS LINEMAN 44.40
Highest
$116,023 $22,671 $138,694
ADAM BLACK JOURNEYMAN LINEMAN 45.40
Highest
$110,086 $29,888 $139,974
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $32,945,077 $32,945,077 $61,656,311 No data
2022 $32,145,240 $32,145,240 $59,933,051 No data
2021 $30,073,995 $30,073,995 $51,840,732 No data
2020 $28,106,209 $28,106,209 $46,723,121 No data
2019 $27,504,010 $27,504,010 $42,642,162 No data
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