WHITEWATER VALLEY RURAL ELECTRIC MEMBERSHIP CORPORATION

EIN: 351902531

LIBERTY, IN

Total Revenue
$36,095,762
Total Expenses
$33,619,316
Total Assets
$100,536,961
Net Assets
$40,506,663
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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
1994
Legal Domicile
IN
Principal Officer
MARY JO THOMAS
Phone
7654585171
Tax Period
2024-01-01 to 2024-12-31

WHITEWATER VALLEY RURAL ELECTRIC MEMBERSHIP CORPORATION, founded in 1994, is a mid-sized nonprofit that reported $36.1M in total revenue in fiscal year 2024. Expenses of $33.6M left a modest 7% surplus.

Mission

DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMERS

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $34,953,710
Investment Income $94,596
Other Revenue $1,047,456
TOTAL REVENUE $36,095,762

Expense Breakdown

Grants Paid $0
Salaries & Benefits $865,705
Fundraising Expenses $0
Program Expenses $33,619,318
Other Expenses $32,753,611
TOTAL EXPENSES $33,619,316

Year-over-Year Comparison

2024 2023 Change
Revenue $36,095,762 $34,531,624 +0.0%
Expenses $33,619,316 $32,387,822 +0.0%
Net Income $2,476,446 $2,143,802 +0.2%
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
9
Independent Members
7
Employees
31
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
6
$495,117
Total Directors
9
$77,855
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROD WEST CHAIRMAN 6.94
Officer Director
$9,815 $0 $9,815
RYAN DRAKE VICE CHAIRMAN 3.74
Officer Director
$8,100 $0 $8,100
JODIE CREEK SECRETARY/TREASURER 9.42
Officer Director
$9,815 $0 $9,815
NATE CANTRELL ASST. SECRETARY/TREASURE 2.31
Officer Director
$6,875 $0 $6,875
JOE NOCTON DIRECTOR 2.51
Director
$7,350 $0 $7,350
MARK SINGER DIRECTOR 5.12
Director
$10,350 $0 $10,350
GARRY SAYNE DIRECTOR 7.82
Director
$8,475 $0 $8,475
TERRY HILLMAN DIRECTOR 6.23
Director
$9,600 $0 $9,600
MARK MILLER DIRECTOR 4.24
Director
$7,475 $0 $7,475
MARY JO THOMAS PRESIDENT & CEO 46.95
Officer
$227,746 $42,397 $270,143
MELODY LYNCH CHIEF OPERATING OFFICER 47.86
Officer
$133,381 $56,988 $190,369
CLAY SMITH LINE FOREMAN 48.79
Highest
$140,712 $36,014 $176,726
BRIAN CHEATHAM LINE FOREMAN 46.63
Highest
$128,631 $40,206 $168,837
GRANT CORRELL LINEMAN 45.97
Highest
$127,042 $29,493 $156,535
DERRICK MULLINS OPERATIONS MANAGER 44.22
Highest
$126,872 $50,523 $177,395
NOAH WILLIAMS LINEMAN 47.69
Highest
$125,830 $26,248 $152,078
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 $36,095,762 $33,619,316 $100,536,961 $2,476,446
2023 $34,531,624 $32,387,822 $83,556,715 $2,143,802
2022 $32,149,264 $31,043,025 $78,801,552 $1,106,239
2021 $29,134,022 $27,610,539 $70,603,505 $1,523,483
2020 $29,791,331 $27,585,977 $66,172,922 $2,205,354
2019 $30,199,760 $28,021,020 $62,871,836 $2,178,740
2018 $29,076,129 $27,801,561 $60,746,443 $1,274,568
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