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Nonprofiteer
← WESTERN INDIANA ENERGY RURAL ELECTRIC MEMBERSHIP CORPORATION

Form 990 for tax year 2023

Filed by WESTERN INDIANA ENERGY RURAL ELECTRIC MEMBERSHIP CORPORATION.

Totals

Total revenue
$76,031,018
Total expenses
$76,031,018
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$73,569,438
Investment income
$42,444
Other revenue
$2,419,136
Total assets, end of year
$155,143,697
Total liabilities, end of year
$43,955,780
Net assets or fund balances, end of year
$111,187,917
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 $73,569,438 · related or exempt $73,569,438

  • 3 · Investment income

    total $42,444 · excluded $42,444

  • 6a · Gross rents

    personal property $309,345

  • 6b · Less rental expenses

    personal property $0

  • 6c · Rental income or loss

    personal property $309,345

  • 6d · Net rental income or loss

    total $309,345 · excluded $309,345

  • 11a · Other revenue: PATRONAGE ALLOCATIONS

    total $2,109,791 · related or exempt $2,109,791

  • 11e · Other revenue, total

    $2,109,791

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $3,556,981

  • 5 · Compensation of officers, directors and key employees

    total $1,872,714

  • 7 · Other salaries and wages

    total $2,330,015

  • 8 · Pension plan contributions

    total $503,938

  • 9 · Other employee benefits

    total $1,287,225

  • 10 · Payroll taxes

    total $317,016

  • 20 · Interest

    total $1,381,853

  • 22 · Depreciation, depletion and amortization

    total $4,142,049

  • 24a · Other expenses: COST OF POWER

    total $54,189,313

  • 24b · Other expenses: DISTRIBUTIONS - MAINT

    total $3,379,844

  • 24c · Other expenses: ADMIN AND GENERAL

    total $1,640,496

  • 24d · Other expenses: DISTRIBUTION - OPERATIO

    total $642,002

  • 24e · All other expenses

    total $787,572

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,829,328 · end of year $3,727,593

  • 4 · Accounts receivable

    beginning of year $6,491,280 · end of year $7,379,769

  • 8 · Inventories for sale or use

    beginning of year $1,375,942 · end of year $1,416,131

  • 9 · Prepaid expenses and deferred charges

    beginning of year $296,417 · end of year $285,539

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

    $134,913,174

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

    $26,239,441

  • 10c · Land, buildings and equipment, net

    beginning of year $105,285,870 · end of year $108,673,733

  • 12 · Investments: other securities

    beginning of year $1,019 · end of year $1,019

  • 13 · Investments: program-related

    beginning of year $32,907,991 · end of year $33,659,913

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,351,177 · end of year $7,348,560

  • 23 · Secured mortgages and notes payable

    beginning of year $30,749,453 · end of year $33,998,893

  • 25 · Other liabilities

    beginning of year $2,716,832 · end of year $2,608,327

  • 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 $26,300 · end of year $25,130

  • 31 · Retained earnings, endowment or other funds

    beginning of year $108,344,085 · end of year $111,162,787

Mission and programs · 2023

Mission

TO PROVIDE SAFE AND RELIABLE ELECTRIC SERVICE AT THE BEST VALUE TO OUR MEMBER-CONSUMERS WHILE SUPPORTING THE COMMUNITIES WE SERVE.

Activities or mission (Part I)

DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 12,700 MEMBERS ON A COOPERATIVE BASIS.

  • DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 12,700 MEMBERS ON A COOPERATIVE BASIS.

As filed on the 2023 return.

Listed in Part VII

  • Harley Drake

    CHAIRMAN

    Total calculated
    $15,369
    From this org
    $15,369
    From related orgs
    $0
    Other
    $0
    Hours/week
    8.33

  • Marion Jochim

    VICE-CHAIRMAN

    Total calculated
    $15,900
    From this org
    $15,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Phillip Carter

    SECRETARY

    Total calculated
    $13,865
    From this org
    $13,865
    From related orgs
    $0
    Other
    $0
    Hours/week
    12.34

  • Randall Kuppler

    TREASURER

    Total calculated
    $12,900
    From this org
    $12,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.78

  • Chad Thomas

    DIRECTOR

    Total calculated
    $13,300
    From this org
    $13,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.08

  • Barry Bane

    DIRECTOR

    Total calculated
    $13,000
    From this org
    $13,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.17

  • Marlin Dreiman

    DIRECTOR

    Total calculated
    $12,800
    From this org
    $12,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.62

  • Thomas Nowaskie

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $475,413
    From this org
    $351,531
    From related orgs
    $0
    Other
    $123,882
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $351,531
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $123,882
    Filer's total
    $475,413

  • Leslie M Beard

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $288,443
    From this org
    $208,234
    From related orgs
    $0
    Other
    $80,209
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $208,234
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $80,209
    Filer's total
    $288,443

  • Eileen Goodwin

    DIRECTOR OF FINANCE

    Total calculated
    $278,882
    From this org
    $148,998
    From related orgs
    $0
    Other
    $129,884
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $148,998
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $129,884
    Filer's total
    $278,882

  • Chance Kelley

    LINE SPECIALIST

    Total calculated
    $178,092
    From this org
    $148,772
    From related orgs
    $0
    Other
    $29,320
    Hours/week
    48.97

    Schedule J breakdown matched by us

    Base
    $148,772
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $29,320
    Filer's total
    $178,092

  • Joshua Hill

    LINE SPECIALIST

    Total calculated
    $186,321
    From this org
    $145,700
    From related orgs
    $0
    Other
    $40,621
    Hours/week
    47.99

    Schedule J breakdown matched by us

    Base
    $145,700
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $40,621
    Filer's total
    $186,321

  • Jaret Roark

    LINE SPECIALIST

    Total calculated
    $173,631
    From this org
    $141,755
    From related orgs
    $0
    Other
    $31,876
    Hours/week
    48.5

    Schedule J breakdown matched by us

    Base
    $141,755
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $31,876
    Filer's total
    $173,631

  • Bruce Gill

    DIRECTOR OF OPERATIONS & SAFETY

    Total calculated
    $194,798
    From this org
    $141,733
    From related orgs
    $0
    Other
    $53,065
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $141,733
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $53,065
    Filer's total
    $194,798

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

  • 1a · Travel for companions
  • 2 · Substantiation required before reimbursing expenses

Answered no

  • 1b · Written policy on the line-1a expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
THE BOARD OF DIRECTORS APPROVES THE PRACTICE OF ALLOWING A TRAVEL COMPANION WHEN TRAVELING FOR BUSINESS MEETINGS AND TRAINING COURSES.

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
2023
Filed
16 October 2024
IRS schema version
2023v5.1
Source object
202442999349301669

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