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Nonprofiteer
← IRWIN ELECTRIC MEMBERSHIP CORP

Form 990 for tax year 2024

Filed by IRWIN ELECTRIC MEMBERSHIP CORP.

Totals

Total revenue
$38,054,140
Total expenses
$37,937,442
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$37,670,583
Investment income
$25,603
Other revenue
$357,954
Total assets, end of year
$159,981,748
Total liabilities, end of year
$124,949,456
Net assets or fund balances, end of year
$35,032,292
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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 $33,460,055 · related or exempt $33,460,055

  • 2b · Program service revenue: POLE RENTAL AND ACCESS

    total $2,988,256 · excluded $2,988,256

  • 2c · Program service revenue: G & T CAPITAL CREDITS

    total $684,979 · related or exempt $684,979

  • 2d · Program service revenue: OTHER CAPITAL CREDITS

    total $537,293 · related or exempt $537,293

  • 3 · Investment income

    total $25,603 · excluded $25,603

  • 11a · Other revenue: NON OP REVENUE SHARE FIBER

    total $266,863 · unrelated business $266,863

  • 11b · Other revenue: GAIN ON DISPOSITION OF PROPER

    total $91,091 · related or exempt $91,091

  • 11e · Other revenue, total

    $357,954

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,441,772

  • 5 · Compensation of officers, directors and key employees

    total $586,416

  • 6 · Compensation of disqualified persons

    total $10,807

  • 20 · Interest

    total $5,260,119

  • 22 · Depreciation, depletion and amortization

    total $4,337,536

  • 24a · Other expenses: BROADBAND ACTIVITIES

    total $276,355

  • 24b · Other expenses: PURCHASED POWER

    total $17,217,324

  • 24c · Other expenses: DISTRIBUTION MAINTENANCE

    total $2,315,997

  • 24d · Other expenses: DISTRIBUTION OPERATIONS

    total $1,849,638

  • 24e · All other expenses

    total $3,641,478

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,204,439 · end of year $989,766

  • 4 · Accounts receivable

    beginning of year $3,056,085 · end of year $3,470,210

  • 8 · Inventories for sale or use

    beginning of year $7,657,364 · end of year $3,633,692

  • 9 · Prepaid expenses and deferred charges

    beginning of year $394,493 · end of year $1,477,064

  • 10a · Land, buildings and equipment: cost or other basis

    $177,053,786

  • 10b · Land, buildings and equipment: accumulated depreciation

    $42,914,680

  • 10c · Land, buildings and equipment, net

    beginning of year $101,215,851 · end of year $134,139,106

  • 13 · Investments: program-related

    beginning of year $14,397,553 · end of year $15,523,988

  • 15 · Other assets

    beginning of year $747,934 · end of year $747,922

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,835,334 · end of year $9,742,377

  • 23 · Secured mortgages and notes payable

    beginning of year $81,117,659 · end of year $114,265,452

  • 25 · Other liabilities

    beginning of year $1,969,365 · end of year $941,627

  • 29 · Capital stock, trust principal or current funds

    beginning of year $186,964 · end of year $185,904

  • 31 · Retained earnings, endowment or other funds

    beginning of year $32,564,397 · end of year $34,846,388

Mission and programs · 2024

Mission

TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.

  • N/A

As filed on the 2024 return.

Listed in Part VII

  • Betty Metts

    CHAIRMAN

    Total calculated
    $24,541
    From this org
    $24,541
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.8

  • Phil Gilley

    VICE CHAIRMA

    Total calculated
    $31,607
    From this org
    $31,607
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.3

  • Donald Wiggins

    SEC/TREAS.

    Total calculated
    $31,747
    From this org
    $31,747
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.3

  • Keith Barnette

    DIRECTOR

    Total calculated
    $31,607
    From this org
    $31,607
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.3

  • Ira Tucker

    DIRECTOR

    Total calculated
    $30,420
    From this org
    $30,420
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.3

  • Glenn Griffin

    DIRECTOR

    Total calculated
    $32,622
    From this org
    $32,622
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.3

  • Wayne Huggins

    DIRECTOR

    Total calculated
    $22,691
    From this org
    $22,691
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.3

  • Eddie McKie

    DIRECTOR

    Total calculated
    $31,747
    From this org
    $31,747
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.3

  • Wanda McCurdy

    DIRECTOR

    Total calculated
    $31,726
    From this org
    $31,726
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.3

  • Randy Crenshaw

    PRESIDENT/CE

    Total calculated
    $317,688
    From this org
    $267,456
    From related orgs
    $0
    Other
    $50,232
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $242,584
    Bonus
    $9,209
    Other
    $15,663
    Deferred
    $24,883
    Nontaxable benefits
    $25,349
    Filer's total
    $317,688

  • Tammie Elliot

    VP ADMINISTR

    Total calculated
    $201,363
    From this org
    $153,069
    From related orgs
    $0
    Other
    $48,294
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $147,622
    Bonus
    $3,305
    Other
    $2,142
    Deferred
    $18,222
    Nontaxable benefits
    $30,072
    Filer's total
    $201,363

  • Scott Anderson

    MANAGER OF O

    Total calculated
    $161,562
    From this org
    $136,347
    From related orgs
    $0
    Other
    $25,215
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $127,882
    Bonus
    $2,373
    Other
    $6,092
    Deferred
    $1,191
    Nontaxable benefits
    $24,024
    Filer's total
    $161,562

  • Allen Green

    MANAGER OF S

    Total calculated
    $166,912
    From this org
    $138,675
    From related orgs
    $0
    Other
    $28,237
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $127,426
    Bonus
    $2,697
    Other
    $8,552
    Deferred
    $13,044
    Nontaxable benefits
    $15,193
    Filer's total
    $166,912

  • Gordon Tapp

    MANAGER OF C

    Total calculated
    $176,989
    From this org
    $141,753
    From related orgs
    $0
    Other
    $35,236
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $129,702
    Bonus
    $2,743
    Other
    $9,308
    Deferred
    $13,058
    Nontaxable benefits
    $22,178
    Filer's total
    $176,989

  • Stephen Tyus

    MANAGER OF E

    Total calculated
    $198,844
    From this org
    $155,058
    From related orgs
    $0
    Other
    $43,786
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $139,188
    Bonus
    $2,258
    Other
    $13,612
    Deferred
    $14,259
    Nontaxable benefits
    $29,527
    Filer's total
    $198,844

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 · Form 990 of other organizations
  • 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
2024
Filed
10 November 2025
IRS schema version
2024v5.0
Source object
202513169349307791

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