LAGRANGE COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION

EIN: 350457973

LAGRANGE, IN

Total Revenue
$18,399,624
Total Expenses
$18,173,064
Total Assets
$59,565,197
Net Assets
$17,497,471
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1936
Legal Domicile
IN
Principal Officer
MARK LEU
Phone
2604637165
Tax Period
2024-01-01 to 2024-12-31

LAGRANGE COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION, founded in 1936, is a mid-sized nonprofit that reported $18.4M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

AS A MEMBER OWNED, NON-PROFIT SERVICE ORGANIZATION, OUR MISSION IS TO PROVIDE EFFICIENT AND RELIABLE ELECTRIC SERVICE TO OUR MEMBERS.

Program Service Accomplishments

Program 1

DISTRIBUTION OF ELECTRICITY AND RELIABLE HIGH SPEED INTERNET TO RURAL CUSTOMERS

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $17,301,310
Investment Income $52,469
Other Revenue $1,045,845
TOTAL REVENUE $18,399,624

Expense Breakdown

Grants Paid $7,069
Salaries & Benefits $3,915,519
Fundraising Expenses $0
Other Expenses $14,208,749
TOTAL EXPENSES $18,173,064

Year-over-Year Comparison

2024 2023 Change
Revenue $18,399,624 $16,020,061 +0.1%
Expenses $18,173,064 $16,347,367 +0.1%
Net Income $226,560 $-327,306 -1.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✓ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
7
Independent Members
7
Employees
33
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
4
$239,526
Total Directors
7
$95,375
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROGER DOMER PRESIDENT 4.98
Officer Director
$14,500 $0 $14,500
TERRY HOLSINGER VICE PRESIDE 5.38
Officer Director
$14,550 $0 $14,550
JEFF BRILL SECRETARY/TR 3.69
Officer Director
$13,300 $0 $13,300
TONY BONTRAGER DIRECTOR 3.68
Director
$12,550 $0 $12,550
CLIFF HIBBS DIRECTOR 4.34
Director
$13,550 $0 $13,550
MICHAEL HUPPENTHAL DIRECTOR 4.00
Director
$13,100 $0 $13,100
C SHANE RASLER DIRECTOR 3.85
Director
$13,825 $0 $13,825
MARK LEU CEO 40.00
Officer
$193,276 $3,900 $197,176
CHRISTOPHER D MYNHIER EMPLOYEE 40.00
Highest
$107,801 $0 $107,801
NATHAN A YODER EMPLOYEE 40.00
Highest
$114,887 $0 $114,887
MICHAEL A PETERSON EMPLOYEE 40.00
Highest
$112,007 $0 $112,007
BRITTANY SAMS EMPLOYEE 40.00
Highest
$105,374 $0 $105,374
BRANDON ALTIMUS EMPLOYEE 40.00
Highest
$108,742 $0 $108,742
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 $18,399,624 $18,173,064 $59,565,197 $226,560
2023 $16,020,061 $16,347,367 $55,686,403 $-327,306
2022 $14,349,360 $14,088,193 $50,097,597 $261,167
2021 $13,085,399 $12,856,643 $33,814,139 $228,756
2020 $12,893,305 $12,757,761 $24,864,511 $135,544
Explore More Nonprofits
→Top 100 Nonprofits in Indiana →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare LAGRANGE COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION with other nonprofits in Indiana and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.