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← HARRISON COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION-89

Form 990 for tax year 2024

Filed by HARRISON COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION-89.

Totals

Total revenue
$69,592,170
Total expenses
$69,592,170
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$66,842,988
Investment income
$821,056
Other revenue
$1,928,126
Total assets, end of year
$146,413,649
Total liabilities, end of year
$49,894,303
Net assets or fund balances, end of year
$96,519,346
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 $66,842,988 · related or exempt $66,842,988

  • 3 · Investment income

    total $821,056 · excluded $821,056

  • 6a · Gross rents

    personal property $361,532

  • 6b · Less rental expenses

    personal property $0

  • 6c · Rental income or loss

    personal property $361,532

  • 6d · Net rental income or loss

    total $361,532 · excluded $361,532

  • 11a · Other revenue: PATRONAGE ALLOCATIONS

    total $1,566,594 · related or exempt $1,566,594

  • 11e · Other revenue, total

    $1,566,594

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $5,333,313

  • 5 · Compensation of officers, directors and key employees

    total $1,562,717

  • 6 · Compensation of disqualified persons

    total $3,021,600

  • 8 · Pension plan contributions

    total $658,592

  • 9 · Other employee benefits

    total $382,801

  • 10 · Payroll taxes

    total $423,650

  • 20 · Interest

    total $1,125,359

  • 22 · Depreciation, depletion and amortization

    total $4,436,866

  • 24a · Other expenses: PURCHASED POWER

    total $46,412,073

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $5,390,625

  • 24c · Other expenses: CONSUMER ACCOUNT EXPENS

    total $446,252

  • 24d · Other expenses: PERSONAL PROPERTY TAX

    total $350,844

  • 24e · All other expenses

    total $47,478

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,249,319 · end of year $1,787,871

  • 2 · Savings and temporary cash investments

    beginning of year $6,000,000 · end of year $0

  • 4 · Accounts receivable

    beginning of year $6,186,048 · end of year $7,183,905

  • 8 · Inventories for sale or use

    beginning of year $3,017,963 · end of year $3,458,214

  • 9 · Prepaid expenses and deferred charges

    beginning of year $687,234 · end of year $3,767,104

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

    $134,750,006

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

    $37,963,328

  • 10c · Land, buildings and equipment, net

    beginning of year $90,140,938 · end of year $96,786,678

  • 11 · Investments: publicly traded securities

    beginning of year $2,946,900 · end of year $3,068,177

  • 13 · Investments: program-related

    beginning of year $30,006,379 · end of year $30,361,700

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,515,222 · end of year $2,986,379

  • 23 · Secured mortgages and notes payable

    beginning of year $38,680,774 · end of year $41,547,937

  • 25 · Other liabilities

    beginning of year $5,315,603 · end of year $5,359,987

  • 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 $2,562,209 · end of year $2,894,530

  • 31 · Retained earnings, endowment or other funds

    beginning of year $90,160,973 · end of year $93,624,816

Mission and programs · 2024

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 24,500 MEMBERS ON A COOPERATIVE BASIS.

  • DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 25,000 MEMBERS ON A COOPERATIVE BASIS.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Poe

    PRESIDENT

    Total calculated
    $21,893
    From this org
    $21,893
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.46

  • Brian Koetter

    VICE PRESIDENT

    Total calculated
    $11,985
    From this org
    $11,985
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.28

  • Craig Engleman

    SECRETARY/TREASURER

    Total calculated
    $19,862
    From this org
    $19,862
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.65

  • Patrick Book

    DIRECTOR

    Total calculated
    $17,429
    From this org
    $17,429
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.93

  • David L Walther

    DIRECTOR

    Total calculated
    $19,194
    From this org
    $19,194
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.38

  • Roy Zimmerman

    DIRECTOR

    Total calculated
    $10,818
    From this org
    $10,818
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.49

  • Darin Duncan

    DIRECTOR

    Total calculated
    $14,336
    From this org
    $14,336
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.4

  • C Todd Uhl

    DIRECTOR

    Total calculated
    $15,450
    From this org
    $15,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.05

  • Danny Wiseman

    DIRECTOR

    Total calculated
    $18,618
    From this org
    $18,618
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.31

  • David C Lett

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $524,164
    From this org
    $325,895
    From related orgs
    $0
    Other
    $198,269
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $325,895
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $198,269
    Filer's total
    $524,164

  • Derek Saunders

    EMPLOYEE

    Total calculated
    $154,931
    From this org
    $149,669
    From related orgs
    $0
    Other
    $5,262
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $149,669
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $5,262
    Filer's total
    $154,931

  • Logan Murphy

    EMPLOYEE

    Total calculated
    $155,651
    From this org
    $138,259
    From related orgs
    $0
    Other
    $17,392
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $138,259
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $17,392
    Filer's total
    $155,651

  • Steven Moore

    BUSINESS MANAGER

    Total calculated
    $232,097
    From this org
    $173,486
    From related orgs
    $0
    Other
    $58,611
    Hours/week
    49

    Schedule J breakdown matched by us

    Base
    $173,486
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $58,611
    Filer's total
    $232,097

  • Trysten Williams

    EMPLOYEE

    Total calculated
    $149,475
    From this org
    $134,212
    From related orgs
    $0
    Other
    $15,263
    Hours/week
    48

  • Ryan Strohbeck

    ENGINEERING OPERATIONS MAN

    Total calculated
    $196,814
    From this org
    $158,060
    From related orgs
    $0
    Other
    $38,754
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $158,060
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $38,754
    Filer's total
    $196,814

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
2024
Filed
12 June 2025
IRS schema version
2024v5.1
Source object
202511639349301526

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