NOBLE COUNTY RURAL ELECTRIC MEMBERSHIP CORP

EIN: 350549925

ALBION, IN

Total Revenue
$26,597,431
Total Expenses
$26,024,581
Total Assets
$43,334,145
Net Assets
$27,405,485
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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
1936
Legal Domicile
IN
Principal Officer
RONALD L RAYPOLE
Phone
2606362113
Tax Period
2023-01-01 to 2023-12-31

NOBLE COUNTY RURAL ELECTRIC MEMBERSHIP CORP, founded in 1936, is a mid-sized nonprofit that reported $26.6M in total revenue in fiscal year 2023.

Mission

AS A MEMBER-OWNED, NOT-FOR-PROFIT SERVICE ORGANIZATION, OUR MISSION IS TO PROVIDE AFFORDABLE, RELIABLE AND SAFE ELECTRIC SERVICE TO OUR MEMBERS.

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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 $25,449,306
Investment Income $125,519
Other Revenue $1,022,606
TOTAL REVENUE $26,597,431

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,485,250
Fundraising Expenses $0
Program Expenses $0
Other Expenses $22,024,591
TOTAL EXPENSES $26,024,581

Year-over-Year Comparison

2023 2022 Change
Revenue $26,597,431 $25,889,887 +0.0%
Expenses $26,024,581 $26,092,201 0.0%
Net Income $572,850 $-202,314 -3.8%
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
9
Independent Members
9
Employees
37
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
5
$376,320
Total Directors
9
$90,778
Key Employees
1
$216,375
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RONALD RAYPOLE PRESIDENT & CEO 50
Officer
$240,711 $96,046 $336,757
DOUGLAS DICKMEYER MANAGER OF OPERATIONS 45
Key Emp
$152,752 $63,623 $216,375
SARAH DREIBELBIS OFFICE MANAGER 45
Highest
$109,959 $68,033 $177,992
DOUGLAS EGGL LINEMAN 47
Highest
$121,808 $46,070 $167,878
ADAM CHITWOOD MANAGER OF FINANCE/ACCOUNTING 45
Highest
$122,133 $37,231 $159,364
JUSTIN FRY LINEMAN 45
Highest
$113,614 $33,355 $146,969
CODY KIRKPATRICK LINEMAN 43
Highest
$107,491 $36,004 $143,495
GEORGE BENNETT DIRECTOR 4.2
Director
$11,165 $0 $11,165
RICHARD ROBERTSON CHAIRMAN 4.0
Officer Director
$10,650 $0 $10,650
JAY WYSONG DIRECTOR 3.8
Director
$10,600 $0 $10,600
WILLIAM KNOX TREASURER 5.3
Officer Director
$10,220 $0 $10,220
JOE HUTSELL DIRECTOR 3.2
Director
$10,005 $0 $10,005
LARRY OTT DIRECTOR 3.3
Director
$10,005 $0 $10,005
MARK DEMSKE DIRECTOR 4.4
Director
$9,440 $0 $9,440
DOUG BURNWORTH VICE CHAIRMAN 5.1
Officer Director
$9,408 $0 $9,408
ANDREW STRACK SECRETARY 2.3
Officer Director
$9,285 $0 $9,285
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $26,597,431 $26,024,581 $43,334,145 $572,850
2022 $25,889,887 $26,092,201 $42,626,077 $-202,314
2021 $25,088,634 $24,490,010 $42,900,555 $598,624
2020 $25,136,900 $24,473,566 $42,330,059 $663,334
2019 $26,164,095 $25,009,859 $41,373,957 $1,154,236
2018 $26,760,601 $25,408,642 $40,898,828 $1,351,959
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