UTILITIES DISTRICT OF WESTERN INDIANA REMC

EIN: 350726238

BLOOMFIELD, IN

Total Revenue
$49,211,633
Total Expenses
$49,211,633
Total Assets
$112,016,866
Net Assets
$84,054,733
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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
WARREN EDWARD CULLISON
Phone
8123844446
Tax Period
2023-01-01 to 2023-12-31

UTILITIES DISTRICT OF WESTERN INDIANA REMC, founded in 1936, is a mid-sized nonprofit that reported $49.2M in total revenue in fiscal year 2023.

Mission

DISTRIBUTION OF ELECTRICITY TO 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 $47,701,287
Investment Income $279,914
Other Revenue $1,230,432
TOTAL REVENUE $49,211,633

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,734,553
Fundraising Expenses $0
Program Expenses $49,211,633
Other Expenses $42,651,976
TOTAL EXPENSES $49,211,633

Year-over-Year Comparison

2023 2022 Change
Revenue $49,211,633 $47,790,971 +0.0%
Expenses $49,211,633 $47,790,971 +0.0%
Net Income $0 N/A 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
8
Independent Members
8
Employees
54
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
7
$618,094
Total Directors
10
$67,887
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOUGLAS CHILDS CEO 40.00
Officer
$203,536 $58,886 $262,422
WILLIAM S SMITH COO 40.00
Officer
$152,061 $38,956 $191,017
EVAN J FULLER LINEMAN 52.13
Highest
$142,801 $27,859 $170,660
MICHAEL E NAIL LINEMAN 51.97
Highest
$139,020 $29,223 $168,243
TOM W SPARKS LINEMAN 46.91
Highest
$122,350 $45,352 $167,702
JEREMY R FELTNER LINEMAN 49.91
Highest
$140,854 $25,385 $166,239
PHILIP R EGENOLF LINEMAN 50.43
Highest
$134,130 $31,225 $165,355
MICHAEL W SULLIVAN CFO 40.00
Officer
$99,138 $31,853 $130,991
WARREN EDWARD CULLISON PRESIDENT 4.00
Officer Director
$9,236 $0 $9,236
SHAWN DUGAN DIRECTOR 6.00
Director
$8,643 $0 $8,643
SOPHIE L WEATHERS HAYWOOD SECRETARY 5.00
Officer Director
$8,576 $0 $8,576
MICHAEL E WILLIAMS TREASURER 6.00
Officer Director
$8,220 $0 $8,220
DAX COLLINS VICE PRESIDE 5.00
Officer Director
$7,632 $0 $7,632
TODD CARPENTER DIRECTOR 10.00
Director
$6,702 $0 $6,702
MELINDA HENDRIX DIRECTOR 3.00
Director
$6,660 $0 $6,660
DAVID KIRKLING DIRECTOR 4.00
Director
$6,660 $0 $6,660
DAVID L BURGER DIRECTOR 11.00
Director
$2,829 $0 $2,829
JOHN R ROYAL DIRECTOR 10.00
Director
$2,729 $0 $2,729
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 $49,211,633 $49,211,633 $112,016,866 No data
2022 $47,790,971 $47,790,971 $110,819,732 No data
2021 $45,748,725 $45,748,725 $108,840,667 No data
2020 $44,878,131 $44,878,131 $107,725,098 No data
2019 $46,000,960 $46,000,960 $105,040,958 No data
2018 $48,818,715 $48,818,715 $104,123,230 No data
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