WESTERN INDIANA ENERGY REMC

EIN: 352025174

VINCENNES, IN

Total Revenue
$76,953,728
Total Expenses
$76,953,728
Total Assets
$159,142,439
Net Assets
$114,180,682
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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
1997
Legal Domicile
IN
Principal Officer
LESLIE M BEARD
Phone
8128825140
Tax Period
2024-01-01 to 2024-12-31

WESTERN INDIANA ENERGY REMC, founded in 1997, is a mid-sized nonprofit that reported $77.0M in total revenue in fiscal year 2024.

Mission

DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 12,700 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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $74,657,782
Investment Income $45,436
Other Revenue $2,250,510
TOTAL REVENUE $76,953,728

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,756,607
Fundraising Expenses $0
Other Expenses $66,130,148
TOTAL EXPENSES $76,953,728

Year-over-Year Comparison

2024 2023 Change
Revenue $76,953,728 $76,031,018 +0.0%
Expenses $76,953,728 $76,031,018 +0.0%
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

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Governance

Voting Members
7
Independent Members
7
Employees
59
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
$738,314
Total Directors
7
$99,596
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HARLEY DRAKE CHAIRMAN 7.00
Officer Director
$16,973 $0 $16,973
MARION JOCHIM VICE-CHAIRMAN 9.15
Officer Director
$16,573 $0 $16,573
PHILLIP CARTER SECRETARY 13.82
Officer Director
$13,300 $0 $13,300
RANDALL KUPPLER TREASURER 4.57
Officer Director
$12,800 $0 $12,800
CHAD THOMAS DIRECTOR 2.19
Director
$14,150 $0 $14,150
BARRY BANE DIRECTOR 5.29
Director
$13,200 $0 $13,200
MARLIN DREIMAN DIRECTOR 4.18
Director
$12,600 $0 $12,600
THOMAS NOWASKIE CHIEF EXECUTIVE OFFICER 31.32
Officer
$289,078 $25,222 $314,300
LESLIE M BEARD CHIEF EXECUTIVE OFFICER 40.00
Officer
$264,737 $99,631 $364,368
EILEEN GOODWIN DIRECTOR OF FINANCE 40.00
Highest
$165,734 $142,788 $308,522
CHANCE KELLEY LINE SPECIALIST 49.70
Highest
$148,273 $30,120 $178,393
NICK BORDERS EMPLOYEE 49.79
Highest
$143,604 $27,949 $171,553
SHAWN WOLFE EMPLOYEE 48.87
Highest
$147,594 $29,387 $176,981
BRUCE GILL DIRECTOR OF OPERATIONS & S 40.00
Highest
$163,985 $71,322 $235,307
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 $76,953,728 $76,953,728 $159,142,439 No data
2023 $76,031,018 $76,031,018 $155,143,697 No data
2022 $70,143,410 $70,143,410 $149,187,847 No data
2021 $67,176,124 $67,176,124 $145,668,530 No data
2020 $63,802,458 $63,802,458 $141,033,942 No data
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