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Nonprofiteer
← DARKE RURAL ELECTRIC COOPERATIVE INC

Form 990 for tax year 2025

Filed by DARKE RURAL ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$20,272,972
Total expenses
$20,272,972
Contributions and grants received
$0
Grants paid
$6,000
Program service revenue
$19,614,341
Investment income
$95,583
Other revenue
$563,048
Total assets, end of year
$46,083,946
Total liabilities, end of year
$26,251,917
Net assets or fund balances, end of year
$19,832,029
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$20,272,972

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: Sale of Electricity

    total $19,614,341 · related or exempt $19,614,341 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $95,583 · related or exempt $95,583 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $43,613 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $43,613 · personal property $0

  • 6d · Net rental income or loss

    total $43,613 · related or exempt $43,613 · unrelated business $0 · excluded $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: Patronage Capital

    total $515,984 · related or exempt $515,984 · unrelated business $0 · excluded $0

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $3,451 · related or exempt $3,451 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $519,435

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $6,000

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $1,283,522

  • 5 · Compensation of officers, directors and key employees

    total $1,018,723

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,023,419

  • 8 · Pension plan contributions

    total $342,716

  • 9 · Other employee benefits

    total $207,017

  • 10 · Payroll taxes

    total $313,752

  • 11b · Fees: legal

    total $2,140

  • 11c · Fees: accounting

    total $27,216

  • 13 · Office expenses

    total $69,607

  • 14 · Information technology

    total $321,858

  • 20 · Interest

    total $809,034

  • 22 · Depreciation, depletion and amortization

    total $1,246,386

  • 24a · Other expenses: PURCHASED POWER

    total $11,731,316

  • 24b · Other expenses: KWH CONSUMPTION TAX

    total $560,284

  • 24c · Other expenses: OPERATING & MAINT EXP

    total $1,116,023

  • 24e · All other expenses

    total $193,959

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,000 · end of year $10,000

  • 2 · Savings and temporary cash investments

    beginning of year $429,634 · end of year $292,203

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $1,728,442 · end of year $1,538,560

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $627,321 · end of year $596,920

  • 9 · Prepaid expenses and deferred charges

    beginning of year $209,149 · end of year $365,957

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

    $45,327,338

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

    $10,941,394

  • 10c · Land, buildings and equipment, net

    beginning of year $33,570,741 · end of year $34,385,944

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $7,884,732 · end of year $7,991,652

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $1,006,324 · end of year $902,710

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,229,083 · end of year $2,913,839

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $22,257,852 · end of year $23,338,078

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $44,000 · end of year $44,050

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $19,935,408 · end of year $19,787,979

Mission and programs · 2025

Mission

TO PROVIDE SAFE, AFFORDABLE AND RELIABLE ELECTRIC TO THE RURAL AREAS OF DARKE, PREBLE AND MERCER COUNTIES IN OHIO.

Activities or mission (Part I)

DARKE RURAL ELECTRIC COOPERATIVE, INC. IS AN ELECTRIC COOPERATIVE, PROVIDING ELECTRIC SERVICE TO OVER 4,400 MEMBERS IN DARKE, PREBLE AND MERCER COUNTIES IN OHIO.

  • TO PROVIDE SAFE, AFFORDABLE AND RELIABLE ELECTRIC TO THE RURAL AREAS OF DARKE, PREBLE AND MERCER COUNTIES IN OHIO

    Expenses $20,272,972

As filed on the 2025 return.

Listed in Part VII

  • Brad Flora

    CEO

    Total calculated
    $260,215
    From this org
    $175,917
    From related orgs
    $0
    Other
    $84,298
    Hours/week
    45.9

    Schedule J breakdown matched by us

    Base
    $164,624
    Bonus
    $217
    Other
    $11,077
    Deferred
    $81,085
    Nontaxable benefits
    $3,213
    Filer's total
    $260,216

  • Bruce Burke

    DIRECTOR OF ENGINEERING/IT

    Total calculated
    $254,278
    From this org
    $127,391
    From related orgs
    $0
    Other
    $126,887
    Hours/week
    52.5

    Schedule J breakdown matched by us

    Base
    $125,233
    Bonus
    $217
    Other
    $1,941
    Deferred
    $99,597
    Nontaxable benefits
    $27,289
    Filer's total
    $254,277

  • Larry Scholl

    LINEMAN

    Total calculated
    $243,341
    From this org
    $120,662
    From related orgs
    $0
    Other
    $122,679
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $120,446
    Bonus
    $217
    Other
    $0
    Deferred
    $96,794
    Nontaxable benefits
    $25,885
    Filer's total
    $243,342

  • Roy Endicott Sr

    LINEMAN

    Total calculated
    $209,814
    From this org
    $125,633
    From related orgs
    $0
    Other
    $84,181
    Hours/week
    45.8

    Schedule J breakdown matched by us

    Base
    $125,416
    Bonus
    $217
    Other
    $0
    Deferred
    $74,461
    Nontaxable benefits
    $9,720
    Filer's total
    $209,814

  • John Blinn

    LINE SUPERVISOR

    Total calculated
    $191,848
    From this org
    $114,921
    From related orgs
    $0
    Other
    $76,927
    Hours/week
    41

    Schedule J breakdown matched by us

    Base
    $112,745
    Bonus
    $217
    Other
    $1,960
    Deferred
    $57,477
    Nontaxable benefits
    $19,450
    Filer's total
    $191,849

  • Niles Swank

    DIRECTOR OF OPERATIONS

    Total calculated
    $177,476
    From this org
    $140,916
    From related orgs
    $0
    Other
    $36,560
    Hours/week
    41

    Schedule J breakdown matched by us

    Base
    $130,273
    Bonus
    $217
    Other
    $10,426
    Deferred
    $33,725
    Nontaxable benefits
    $2,835
    Filer's total
    $177,476

  • Pam Holsapple

    CFO

    Total calculated
    $151,590
    From this org
    $122,612
    From related orgs
    $0
    Other
    $28,978
    Hours/week
    41.8

    Schedule J breakdown matched by us

    Base
    $122,395
    Bonus
    $217
    Other
    $0
    Deferred
    $5,614
    Nontaxable benefits
    $23,364
    Filer's total
    $151,590

  • Ted Holsapple

    CEO - RETIRED 1/3/2025

    Total calculated
    $74,814
    From this org
    $32,231
    From related orgs
    $0
    Other
    $42,583
    Hours/week
    0.8

  • Tod Carroll

    VICE PRESIDENT BOARD OF TRUSTEES

    Total calculated
    $10,325
    From this org
    $10,325
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Matt Webster

    PRESIDENT BOARD OF TRUSTEES

    Total calculated
    $10,025
    From this org
    $10,025
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.5

  • Robert Godown

    TRUSTEE

    Total calculated
    $9,275
    From this org
    $9,275
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.5

  • Michelle Marker

    SECRETARY & TREASURER BOARD OF TRUSTEES

    Total calculated
    $8,525
    From this org
    $8,525
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.5

  • David Coons

    TRUSTEE

    Total calculated
    $7,920
    From this org
    $7,920
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.5

  • Aaron Siefring

    TRUSTEE

    Total calculated
    $6,500
    From this org
    $6,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.5

  • Stephen Vanzant

    TRUSTEE

    Total calculated
    $5,870
    From this org
    $5,870
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

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 · 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
2 June 2026
IRS schema version
2025v4.0
Source object
202611539349301421

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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