Form 990 for tax year 2025
Filed by HARRISON COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION-89.
Totals
- Total revenue
- $72,162,777
- Total expenses
- $72,162,777
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $68,911,671
- Investment income
- $803,260
- Other revenue
- $2,447,846
- Total assets, end of year
- $157,655,755
- Total liabilities, end of year
- $57,820,496
- Net assets or fund balances, end of year
- $99,835,259
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: ELECTRIC REVENUE
total $68,911,671 · related or exempt $68,911,671
-
3 · Investment income
total $803,260 · excluded $803,260
-
6a · Gross rents
personal property $381,841
-
6b · Less rental expenses
personal property $0
-
6c · Rental income or loss
personal property $381,841
-
6d · Net rental income or loss
total $381,841 · excluded $381,841
-
11a · Other revenue: PATRONAGE ALLOCATIONS
total $2,066,005 · related or exempt $2,066,005
-
11e · Other revenue, total
$2,066,005
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $4,624,525
-
5 · Compensation of officers, directors and key employees
total $1,667,060
-
6 · Compensation of disqualified persons
total $1,832,076
-
8 · Pension plan contributions
total $687,279
-
9 · Other employee benefits
total $664,647
-
10 · Payroll taxes
total $425,865
-
20 · Interest
total $1,363,666
-
22 · Depreciation, depletion and amortization
total $4,671,257
-
24a · Other expenses: PURCHASED POWER
total $48,127,502
-
24b · Other expenses: DISTRIBUTION EXPENSE
total $5,588,433
-
24c · Other expenses: ADMINISTRATIVE AND GENE
total $1,448,359
-
24d · Other expenses: CONSUMER ACCOUNT EXPENS
total $559,495
-
24e · All other expenses
total $502,613
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,787,871 · end of year $4,299,265
-
4 · Accounts receivable
beginning of year $7,183,905 · end of year $7,812,148
-
8 · Inventories for sale or use
beginning of year $3,458,214 · end of year $3,252,042
-
9 · Prepaid expenses and deferred charges
beginning of year $3,767,104 · end of year $3,124,979
-
10a · Land, buildings and equipment: cost or other basis
$143,910,988
-
10b · Land, buildings and equipment: accumulated depreciation
$39,269,709
-
10c · Land, buildings and equipment, net
beginning of year $96,786,678 · end of year $104,641,279
-
11 · Investments: publicly traded securities
beginning of year $3,068,177 · end of year $3,342,322
-
13 · Investments: program-related
beginning of year $30,361,700 · end of year $31,183,720
-
17 · Accounts payable and accrued expenses
beginning of year $2,986,379 · end of year $4,480,930
-
23 · Secured mortgages and notes payable
beginning of year $41,547,937 · end of year $47,650,376
-
25 · Other liabilities
beginning of year $5,359,987 · end of year $5,689,190
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $2,894,530 · end of year $3,283,853
-
31 · Retained earnings, endowment or other funds
beginning of year $93,624,816 · end of year $96,551,406
Mission and programs · 2025
Mission
THE MISSION OF HARRISON REMC IS TO PROVIDE A WELL-INFORMED MEMBERSHIP WITH SUPERIOR, COMPETITIVELY PRICED, ELECTRIC AND RELATED CUSTOMER SERVICE(S), ACCOMPLISHED BY HIGHLY TRAINED, COMMITTED EMPLOYEES. IT IS FURTHER THE MISSION TO IMPROVE THE QUALITY OF LIFE FOR OUR MEMBERS BY PROMOTING COMMUNITY, ECONOMIC DEVELOPEMENT AND ENERGY EFFICIENCY ACTIVITIES.
Activities or mission (Part I)
DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 25,133 MEMBERS ON A COOPERATIVE BASIS.
-
DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 25,000 MEMBERS ON A COOPERATIVE BASIS.
As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
David PoeDAVID POE
PRESIDENT
- Total calculated
- $21,194
- From this org
- $21,194
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3.87
-
Darin DuncanDARIN DUNCAN
VICE PRESIDENT
- Total calculated
- $15,020
- From this org
- $15,020
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2.15
-
Craig EnglemanCRAIG ENGLEMAN
SECRETARY/TREASURER
- Total calculated
- $15,945
- From this org
- $15,945
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2.65
-
Patrick BookPATRICK BOOK
DIRECTOR
- Total calculated
- $15,718
- From this org
- $15,718
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2.36
-
David L WaltherDAVID L WALTHER
DIRECTOR
- Total calculated
- $14,022
- From this org
- $14,022
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3.44
-
Roy ZimmermanROY ZIMMERMAN
DIRECTOR
- Total calculated
- $10,599
- From this org
- $10,599
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2.32
-
C Todd UhlC TODD UHL
DIRECTOR
- Total calculated
- $9,967
- From this org
- $9,967
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1.3
-
Danny WisemanDANNY WISEMAN
DIRECTOR
- Total calculated
- $13,712
- From this org
- $13,712
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2.24
-
Leah HuberLEAH HUBER
DIRECTOR
- Total calculated
- $9,379
- From this org
- $9,379
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5.16
-
David C LettDAVID C LETT
CHIEF EXECUTIVE OFFICER
- Total calculated
- $579,736
- From this org
- $342,626
- From related orgs
- $0
- Other
- $237,110
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $342,626
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $237,110 related
- Filer's total
- $342,626 + $237,110 related
-
Derek SaundersDEREK SAUNDERS
EMPLOYEE
- Total calculated
- $164,555
- From this org
- $153,774
- From related orgs
- $0
- Other
- $10,781
- Hours/week
- 52
Schedule J breakdown matched by us
- Base
- $153,774
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $10,781 related
- Filer's total
- $153,774 + $10,781 related
-
Logan MurphyLOGAN MURPHY
EMPLOYEE
- Total calculated
- $179,342
- From this org
- $158,557
- From related orgs
- $0
- Other
- $20,785
- Hours/week
- 54
Schedule J breakdown matched by us
- Base
- $158,557
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $20,785 related
- Filer's total
- $158,557 + $20,785 related
-
Steven MooreSTEVEN MOORE
BUSINESS MANAGER
- Total calculated
- $246,465
- From this org
- $177,223
- From related orgs
- $0
- Other
- $69,242
- Hours/week
- 49
Schedule J breakdown matched by us
- Base
- $177,223
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $69,242 related
- Filer's total
- $177,223 + $69,242 related
-
Trysten WilliamsTRYSTEN WILLIAMS
EMPLOYEE
- Total calculated
- $158,254
- From this org
- $144,190
- From related orgs
- $0
- Other
- $14,064
- Hours/week
- 49
Schedule J breakdown matched by us
- Base
- $144,190
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $14,064 related
- Filer's total
- $144,190 + $14,064 related
-
Ryan StrohbeckRYAN STROHBECK
ENGINEERING OPERATIONS MAN
- Total calculated
- $213,153
- From this org
- $167,422
- From related orgs
- $0
- Other
- $45,731
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $167,422
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $45,731 related
- Filer's total
- $167,422 + $45,731 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 25 August 2026
- IRS schema version
- 2025v4.2
- Source object
- 202602549349300705
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