MIAMI-CASS COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION

EIN: 350512035

PERU, IN

Total Revenue
$21,699,663
Total Expenses
$20,878,604
Total Assets
$66,492,475
Net Assets
$25,672,637
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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
1939
Legal Domicile
IN
Principal Officer
ROB SCHWARTZ
Phone
7654736668
Tax Period
2023-01-01 to 2023-12-31

MIAMI-CASS COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION, founded in 1939, is a mid-sized nonprofit that reported $21.7M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $20.9M left a modest 4% surplus.

Mission

TO PROVIDE DEPENDABLE ELECTRICITY FOR OUR MEMBERS AT REASONABLE COSTS.

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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 $19,997,281
Investment Income $126,088
Other Revenue $1,576,294
TOTAL REVENUE $21,699,663

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,330,864
Fundraising Expenses $0
Program Expenses $20,878,604
Other Expenses $19,547,740
TOTAL EXPENSES $20,878,604

Year-over-Year Comparison

2023 2022 Change
Revenue $21,699,663 $17,910,824 +0.2%
Expenses $20,878,604 $18,164,219 +0.1%
Net Income $821,059 $-253,395 -4.2%
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
5
Employees
23
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
$434,361
Total Directors
7
$86,997
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM SAVAGE PRESIDENT 1.88
Officer Director
$12,300 $0 $12,300
TODD SMITH VICE PRESIDENT 4.62
Officer Director
$12,560 $0 $12,560
CINDY SCOTT SECRETARY/TREASURER 1.64
Officer Director
$12,512 $0 $12,512
TONY CALDWELL DIRECTOR 2.74
Director
$12,645 $0 $12,645
MARK HAHN DIRECTOR 2.12
Director
$12,210 $0 $12,210
SCOTT MARSCHAND DIRECTOR 5.49
Director
$12,560 $0 $12,560
DONALD WILLSON DIRECTOR 1.81
Director
$12,210 $0 $12,210
ROB SCHWARTZ CEO 40.00
Officer
$255,000 $141,989 $396,989
BRANDON WILLIAMS DIRECTOR OF OPERATIONS 40.00
Highest
$138,585 $79,240 $217,825
KOLBIE COX JOURNEYMAN LINEMAN 46.74
Highest
$134,498 $47,685 $182,183
STEPHANIE ZIEMS DIRECTOR OF ACCOUNTING & FINANCE 40.00
Highest
$126,000 $65,162 $191,162
MATT MAVRICK DIRECTOR OF IT 40.00
Highest
$116,334 $39,530 $155,864
GREG MILLION JOURNEYMAN LINEMAN 43.61
Highest
$114,967 $59,277 $174,244
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 $21,699,663 $20,878,604 $66,492,475 $821,059
2022 $17,910,824 $18,164,219 $51,768,475 $-253,395
2021 $16,915,626 $15,762,980 $45,887,388 $1,152,646
2020 $16,020,826 $15,032,293 $42,669,880 $988,533
2019 $16,377,378 $15,639,005 $34,335,074 $738,373
2018 $16,720,336 $15,664,270 $34,881,778 $1,056,066
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