Carroll White REMC

EIN: 453593334 Public & Societal Benefit

Monticello, IN

Total Revenue
$51,037,731
Total Expenses
$51,037,731
Total Assets
$88,612,796
Net Assets
$50,633,782
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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
2012
Legal Domicile
IN
Principal Officer
Kent Zimpfer
Phone
8008447161
Tax Period
2023-01-01 to 2023-12-31

Carroll White REMC, founded in 2012, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $51.0M in total revenue in fiscal year 2023.

Mission

Provide electricity and related services to our members- Creatively enhancing our community through safety and 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $49,095,809
Investment Income $145,276
Other Revenue $1,796,646
TOTAL REVENUE $51,037,731

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,959,504
Fundraising Expenses $0
Other Expenses $43,782,600
TOTAL EXPENSES $51,037,731

Year-over-Year Comparison

2023 2022 Change
Revenue $51,037,731 $48,177,208 +0.1%
Expenses $51,037,731 $48,177,208 +0.1%
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
7
Independent Members
7
Employees
51
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
2
$22,106
Total Directors
5
$54,229
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Catherine Raderstorf CEO 45.50
$227,972 $149,225 $377,197
Mark Jargstorf Dir of Operations 43.52
$138,914 $128,661 $267,575
Travis Albright Director of IT 41.39
$136,704 $60,608 $197,312
Frank Leach Journeyman/Lineman 49.75
$140,256 $35,348 $175,604
Jonathon Grieger Journeyman/Lineman 48.33
$135,721 $38,652 $174,373
Dylan Hart Journeyman Lineman 49.03
$139,575 $18,631 $158,206
Tina Davis Director 9.95
Director
$13,920 $0 $13,920
Gary Gerlach Director 11.08
Director
$12,038 $0 $12,038
Kent Zimpfer President 13.36
Officer
$11,374 $0 $11,374
Ralph Zarse Secretary 9.10
Officer
$10,732 $0 $10,732
Margaret Foutch Vice President 7.49
Director
$10,096 $0 $10,096
Aaron Anderson Director 9.74
Director
$9,359 $0 $9,359
Jeffery Newell Director 6.44
Director
$8,816 $0 $8,816
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 $51,037,731 $51,037,731 $88,612,796 No data
2022 $48,177,208 $48,177,208 $80,175,145 No data
2021 $46,434,460 $46,434,460 $77,626,690 No data
2020 $45,857,131 $45,857,131 $76,136,043 No data
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