Form 990 for tax year 2025
Filed by DAVIESS-MARTIN COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION.
Totals
- Total revenue
- $45,334,679
- Total expenses
- $41,334,220
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $43,832,960
- Investment income
- $143,644
- Other revenue
- $1,358,075
- Total assets, end of year
- $73,048,874
- Total liabilities, end of year
- $25,839,778
- Net assets or fund balances, end of year
- $47,209,096
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $41,334,220
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 SALES
total $43,816,180 · related or exempt $43,816,180
-
2b · Program service revenue: STREET LIGHTING
total $16,780 · related or exempt $16,780
-
3 · Investment income
total $33,091 · excluded $33,091
-
7a · Gross sales of assets other than inventory
other assets $613,698
-
7b · Less cost or other basis and sales expenses
other assets $503,145
-
7c · Gain or loss
other assets $110,553
-
7d · Net gain or loss
total $110,553 · excluded $110,553
-
10a · Gross sales of inventory
$15,887
-
10b · Cost of goods sold
$4,529
-
10c · Net income from sales of inventory
total $11,358 · unrelated business $11,358
-
11a · Other revenue: PATRONAGE CAPITAL
total $1,346,717 · related or exempt $1,346,717
-
11e · Other revenue, total
$1,346,717
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $440,797
-
7 · Other salaries and wages
total $444,191
-
11b · Fees: legal
total $31,260
-
20 · Interest
total $805,075
-
22 · Depreciation, depletion and amortization
total $2,040,153
-
24a · Other expenses: PURCHASED POWER
total $31,576,456
-
24b · Other expenses: MAINTENANCE
total $3,181,454
-
24c · Other expenses: OPERATIONS EXPENSE
total $1,022,517
-
24d · Other expenses: GENERAL AND ADMIN EXPEN
total $947,159
-
24e · All other expenses
total $845,158
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $197,227 · end of year $2,270,238
-
4 · Accounts receivable
beginning of year $3,995,178 · end of year $4,135,458
-
8 · Inventories for sale or use
beginning of year $646,550 · end of year $784,231
-
9 · Prepaid expenses and deferred charges
beginning of year $79,239 · end of year $102,929
-
10a · Land, buildings and equipment: cost or other basis
$68,290,828
-
10b · Land, buildings and equipment: accumulated depreciation
$22,580,032
-
10c · Land, buildings and equipment, net
beginning of year $41,341,140 · end of year $45,710,796
-
12 · Investments: other securities
beginning of year $19,421,525 · end of year $20,001,899
-
15 · Other assets
beginning of year $18,529 · end of year $43,323
-
17 · Accounts payable and accrued expenses
beginning of year $5,468,627 · end of year $5,228,497
-
23 · Secured mortgages and notes payable
beginning of year $16,276,401 · end of year $20,114,913
-
25 · Other liabilities
beginning of year $501,419 · end of year $496,368
-
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 $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $43,452,941 · end of year $47,209,096
Mission and programs · 2025
Mission
TO PROVIDE DEPENDABLE ELECTRICITY AND QUALITY SERVICES FOR OUR MEMBERS AT REASONABLE COST.
Activities or mission (Part I)
TO PROVIDE DEPENDABLE ELECTRICITY AND QUALITY SERVICES FOR OUR MEMEMBERS AT REASONABLE COST
-
DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMERS.
Expenses $41,334,220 · Revenue $45,179,677
As filed on the 2025 return.
Listed in Part VII
-
Travis SummersTRAVIS SUMMERS
DIRECTOR
- Total calculated
- $13,377
- From this org
- $13,371
- From related orgs
- $0
- Other
- $6
- Hours/week
- 2.16
-
Brandt SchuckmanBRANDT SCHUCKMAN
PRESIDENT
- Total calculated
- $14,922
- From this org
- $14,916
- From related orgs
- $0
- Other
- $6
- Hours/week
- 4.22
-
Josh DoveJOSH DOVE
VICE PRESIDENT
- Total calculated
- $11,476
- From this org
- $11,470
- From related orgs
- $0
- Other
- $6
- Hours/week
- 1.79
-
Amy BurrisAMY BURRIS
DIRECTOR
- Total calculated
- $12,582
- From this org
- $12,576
- From related orgs
- $0
- Other
- $6
- Hours/week
- 2.18
-
D Terry ChapmanD TERRY CHAPMAN
TREASURER
- Total calculated
- $19,514
- From this org
- $19,510
- From related orgs
- $0
- Other
- $4
- Hours/week
- 4.22
-
John EdwardsJOHN EDWARDS
SECRETARY
- Total calculated
- $12,008
- From this org
- $12,002
- From related orgs
- $0
- Other
- $6
- Hours/week
- 5.85
-
August BauerAUGUST BAUER
DIRECTOR
- Total calculated
- $10,455
- From this org
- $10,452
- From related orgs
- $0
- Other
- $3
- Hours/week
- 1.06
-
Ryan DantRYAN DANT
CEO
- Total calculated
- $263,191
- From this org
- $204,169
- From related orgs
- $0
- Other
- $59,022
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $204,169
- Bonus
- $0
- Other
- $0
- Deferred
- $25,128
- Nontaxable benefits
- $33,894
- Filer's total
- $263,191
-
Erica WorlandERICA WORLAND
DIRECTOR OF FINANCE & ADMIN
- Total calculated
- $177,605
- From this org
- $127,145
- From related orgs
- $0
- Other
- $50,460
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $127,145
- Bonus
- $0
- Other
- $0
- Deferred
- $17,274
- Nontaxable benefits
- $33,186
- Filer's total
- $177,605
-
Dennis WilsonDENNIS WILSON
DIRECTOR OF OPERATIONS
- Total calculated
- $195,902
- From this org
- $136,176
- From related orgs
- $0
- Other
- $59,726
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $136,176
- Bonus
- $0
- Other
- $0
- Deferred
- $26,424
- Nontaxable benefits
- $33,302
- Filer's total
- $195,902
-
Robert PowellROBERT POWELL
DIRECTOR OF SYSTEM OPS.
- Total calculated
- $190,042
- From this org
- $131,907
- From related orgs
- $0
- Other
- $58,135
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $131,907
- Bonus
- $0
- Other
- $0
- Deferred
- $27,217
- Nontaxable benefits
- $30,918
- Filer's total
- $190,042
-
Steve EmbertonSTEVE EMBERTON
LINEMAN
- Total calculated
- $204,543
- From this org
- $154,281
- From related orgs
- $0
- Other
- $50,262
- Hours/week
- 48.59
Schedule J breakdown matched by us
- Base
- $154,281
- Bonus
- $0
- Other
- $0
- Deferred
- $17,311
- Nontaxable benefits
- $32,951
- Filer's total
- $204,543
-
Tyler BostockTYLER BOSTOCK
LINEMAN
- Total calculated
- $189,920
- From this org
- $149,722
- From related orgs
- $0
- Other
- $40,198
- Hours/week
- 51.1
Schedule J breakdown matched by us
- Base
- $149,722
- Bonus
- $0
- Other
- $0
- Deferred
- $10,030
- Nontaxable benefits
- $30,168
- Filer's total
- $189,920
-
Jesse SwartzentruberJESSE SWARTZENTRUBER
LINEMAN
- Total calculated
- $170,990
- From this org
- $131,056
- From related orgs
- $0
- Other
- $39,934
- Hours/week
- 47.47
Schedule J breakdown matched by us
- Base
- $131,056
- Bonus
- $0
- Other
- $0
- Deferred
- $10,030
- Nontaxable benefits
- $29,904
- Filer's total
- $170,990
-
Jordan KaiserJORDAN KAISER
LINEMAN
- Total calculated
- $175,246
- From this org
- $135,223
- From related orgs
- $0
- Other
- $40,023
- Hours/week
- 48.59
Schedule J breakdown matched by us
- Base
- $135,223
- Bonus
- $0
- Other
- $0
- Deferred
- $10,030
- Nontaxable benefits
- $29,993
- Filer's total
- $175,246
-
Nathan AlbrightNATHAN ALBRIGHT
LINE SUPERINTENDENT
- Total calculated
- $179,715
- From this org
- $125,698
- From related orgs
- $0
- Other
- $54,017
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $125,698
- Bonus
- $0
- Other
- $0
- Deferred
- $23,701
- Nontaxable benefits
- $30,316
- Filer's total
- $179,715
-
Dale MarchinoDALE MARCHINO
FORMER DIRECTOR
- Total calculated
- $28,648
- From this org
- $14,324
- From related orgs
- $0
- Other
- $14,324
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $14,324
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $14,324
- Filer's total
- $28,648
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
- 8 May 2026
- IRS schema version
- 2025v4.1
- Source object
- 202621289349300332
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