SOUTHEASTERN INDIANA RURAL ELECTRI… - Form 990 Financial Data

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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

Principal Officer

BRYAN K MATHEWS

Phone

8126894111

Tax Period

2025-01-01 to 2025-12-31

SOUTHEASTERN INDIANA RURAL ELECTRIC MEMBERSHIP CORPORATION, founded in 1939, is a mid-sized nonprofit that reported $40.1M in total revenue in fiscal year 2025. Net assets of $100.9M represent 30 months of operating reserves.

Mission

THE CORPORATE PURPOSE OF SOUTHEASTERN INDIANA REMC SHALL BE TO RENDER SERVICE(S) TO ITS MEMBERS. NO PERSON SHALL BECOME OR REMAIN A MEMBER OF THE COOPERATIVE UNLESS SUCH PERSON SHALL PURCHASE ELECTRIC SUPPLIED BY THE COOPERATIVE AND SHALL HAVE COMPLIED WITH THE TERMS AND CONDITIONS OF MEMBERSHIP CONTAINED IN THE BYLAWS.

Program Service Accomplishments

Program 1

Expenses: $40,093,087 Revenue: $40,093,087

THE SALE AND DISTRIBUTION OF ELECTRICITY AND TO PROVIDE BROADBAND SERVICE.

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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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,369,652

Investment Income $81,936

Other Revenue $37,641,499

TOTAL REVENUE $40,093,087

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,301,138

Fundraising Expenses $0

Program Expenses $40,093,087

Other Expenses $30,185,449

TOTAL EXPENSES $40,093,087

Year-over-Year Comparison

	2025	2024	Change
Revenue	$40,093,087	$37,900,762	+0.1%
Expenses	$40,093,087	$37,900,762	+0.1%
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

Governance

Voting Members

Independent Members

Employees

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

$867,562

Total Directors

$132,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA MENCHHOFER	DIRECTOR, PRESIDENT	7.00	Officer Director	$15,600	$0	$15,600
BRADLEY BENTLE	DIRECTOR	3.00	Director	$14,800	$0	$14,800
VINCE MOSTER	DIRECTOR, SECRETARY	5.00	Officer Director	$18,800	$0	$18,800
SHERRY SHAW	DIRECTOR	6.00	Director	$14,000	$0	$14,000
DAVID W SMITH	DIRECTOR	9.00	Director	$14,800	$0	$14,800
CASEY MENCHHOFER	DIRECTOR, TREASURER	2.00	Officer Director	$14,000	$0	$14,000
MICHALE THIEMAN	DIRECTOR, VICE PRESIDENT	4.00	Officer Director	$14,800	$0	$14,800
DARRELL SMITH	DIRECTOR	6.00	Director	$13,200	$0	$13,200
JESSE MCCLURE	DIRECTOR	6.00	Director	$12,800	$0	$12,800
BRYAN K MATHEWS	CHIEF EXECUTIVE OFFICER (C	52.00	Officer	$321,657	$245,309	$566,966
JAMES B BUHLER	VICE PRESIDENT OF FINANCE & ACCOUNTING	48.00	Officer	$149,706	$87,690	$237,396
BRANDON LINVILLE	VICE PRESIDENT OF OPERATIO	50.00	Highest	$160,139	$80,523	$240,662
MICHAEL J SUMMERS	VICECOMMUNICATIONS PRESIDENT OF STAKING & ENGINEER	46.00	Highest	$158,995	$71,382	$230,377
BRYAN D MILLER	VICE PRESIDENT OF I.T. AND	43.00	Highest	$154,486	$80,485	$234,971
JAMES K HANKINS	VICE PRESIDENT OF OFFICE S	44.00	Highest	$147,379	$49,457	$196,836
BETTY J MYERS	VICE PRESIDENT OF COMMUNICATIONS	49.00	Highest	$145,005	$132,559	$277,564

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	$40,093,087	$40,093,087	$336,732,691	No data
2024	No data	No data	No data	No data
2023	$36,023,965	$36,023,965	$309,569,238	No data
2022	$32,977,068	$32,977,068	$258,114,431	No data
2021	$32,342,127	$32,342,127	$229,046,721	No data
2020	$28,552,000	$28,552,000	$159,543,964	No data

SOUTHEASTERN INDIANA RURAL ELECTRIC MEMBERSHIP CORPORATION