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← MIAMI-CASS COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION

Form 990 for tax year 2024

Filed by MIAMI-CASS COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION.

Totals

Total revenue
$22,668,629
Total expenses
$22,320,176
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$20,646,660
Investment income
$70,428
Other revenue
$1,951,541
Total assets, end of year
$97,879,098
Total liabilities, end of year
$74,592,536
Net assets or fund balances, end of year
$23,286,562
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: RESIDENTIAL SALES

    total $12,051,099 · related or exempt $12,051,099

  • 2b · Program service revenue: COMMERCIAL AND INDUSTRIAL SALES

    total $7,365,250 · related or exempt $7,365,250

  • 2c · Program service revenue: SALES TO PUBLIC BUILDINGS

    total $1,110,221 · related or exempt $1,110,221

  • 2d · Program service revenue: FORFEITED DISCOUNTS

    total $56,267 · related or exempt $56,267

  • 2e · Program service revenue: MISCELLANEOUS ELETRIC REVENUES

    total $29,320 · related or exempt $29,320

  • 2f · All other program service revenue

    total $34,503 · related or exempt $34,503

  • 3 · Investment income

    total $80,155 · excluded $80,155

  • 7b · Less cost or other basis and sales expenses

    other assets $9,727

  • 7c · Gain or loss

    other assets -$9,727

  • 7d · Net gain or loss

    total -$9,727 · excluded -$9,727

  • 11a · Other revenue: PATRONAGE CAPITAL REVENUE

    total $700,990 · related or exempt $700,990

  • 11b · Other revenue: RENTAL REVENUE

    total $647,293 · excluded $647,293

  • 11c · Other revenue: OTHER REVENUE

    total $471,951 · excluded $471,951

  • 11d · All other revenue

    total $131,307 · excluded $131,307

  • 11e · Other revenue, total

    $1,951,541

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $446,133

  • 7 · Other salaries and wages

    total $163,552

  • 9 · Other employee benefits

    total $406,415

  • 20 · Interest

    total $2,311,249

  • 22 · Depreciation, depletion and amortization

    total $2,265,399

  • 24a · Other expenses: PURCHASED POWER

    total $13,684,138

  • 24b · Other expenses: MAINTENANCE EXPENSE

    total $1,254,267

  • 24c · Other expenses: GENERAL AND ADMINISTRAT

    total $672,479

  • 24d · Other expenses: OPERATIONS EXPENSE

    total $622,303

  • 24e · All other expenses

    total $494,241

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,506,744 · end of year $1,438,013

  • 2 · Savings and temporary cash investments

    beginning of year $5,063 · end of year $5,074

  • 4 · Accounts receivable

    beginning of year $1,272,304 · end of year $2,519,553

  • 7 · Other notes and loans receivable

    beginning of year $1,992,382 · end of year $1,837,256

  • 8 · Inventories for sale or use

    beginning of year $477,655 · end of year $491,383

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,584,194 · end of year $20,981,545

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

    $77,963,577

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

    $22,106,738

  • 10c · Land, buildings and equipment, net

    beginning of year $39,363,629 · end of year $55,856,839

  • 12 · Investments: other securities

    beginning of year $10,287,264 · end of year $14,746,180

  • 15 · Other assets

    beginning of year $3,240 · end of year $3,255

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,534,314 · end of year $11,077,224

  • 23 · Secured mortgages and notes payable

    beginning of year $36,799,190 · end of year $56,709,310

  • 25 · Other liabilities

    beginning of year $1,486,334 · end of year $6,806,002

  • 29 · Capital stock, trust principal or current funds

    beginning of year $155,400 · end of year $165,730

  • 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 $25,517,237 · end of year $23,120,832

Mission and programs · 2024

Mission

TO PROVIDE DEPENDABLE ELECTRICITY FOR OUR MEMBERS AT A REASONABLE COST.

Activities or mission (Part I)

TO PROVIDE DEPENDABLE ELECTRICITY FOR OUR MEMBERS AT REASONABLE COSTS.

  • DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMERS

As filed on the 2024 return.

Listed in Part VII

  • Jim Savage

    PRESIDENT

    Total calculated
    $14,946
    From this org
    $14,946
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.95

  • Todd Smith

    VICE PRESIDENT

    Total calculated
    $13,667
    From this org
    $13,667
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.36

  • Cindy Scott

    SECRETARY/TREASURER

    Total calculated
    $13,855
    From this org
    $13,855
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.59

  • Tony Caldwell

    DIRECTOR

    Total calculated
    $13,399
    From this org
    $13,399
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.22

  • Mark Hahn

    DIRECTOR

    Total calculated
    $12,960
    From this org
    $12,960
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.13

  • Scott Marschand

    DIRECTOR

    Total calculated
    $14,085
    From this org
    $14,085
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.26

  • Donald Willson

    DIRECTOR

    Total calculated
    $12,960
    From this org
    $12,960
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.85

  • Rob Schwartz

    CEO

    Total calculated
    $350,261
    From this org
    $255,000
    From related orgs
    $0
    Other
    $95,261
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $255,000
    Bonus
    $0
    Other
    $0
    Deferred
    $65,127
    Nontaxable benefits
    $30,134
    Filer's total
    $350,261

  • Brandon Williams

    DIRECTOR OF OPERATIONS

    Total calculated
    $198,049
    From this org
    $138,000
    From related orgs
    $0
    Other
    $60,049
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,000
    Bonus
    $0
    Other
    $0
    Deferred
    $33,655
    Nontaxable benefits
    $26,394
    Filer's total
    $198,049

  • Kolbie Cox

    JOURNEYMAN LINEMAN

    Total calculated
    $188,957
    From this org
    $138,972
    From related orgs
    $0
    Other
    $49,985
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $104,394
    Bonus
    $0
    Other
    $34,578
    Deferred
    $24,599
    Nontaxable benefits
    $25,386
    Filer's total
    $188,957

  • Matt Mavrick

    DIRECTOR OF IT

    Total calculated
    $171,096
    From this org
    $128,211
    From related orgs
    $0
    Other
    $42,885
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,211
    Bonus
    $0
    Other
    $5,000
    Deferred
    $28,158
    Nontaxable benefits
    $14,727
    Filer's total
    $171,096

  • Gary Rowe

    LINE SUPERINTENDENT

    Total calculated
    $169,959
    From this org
    $118,221
    From related orgs
    $0
    Other
    $51,738
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $107,382
    Bonus
    $0
    Other
    $10,839
    Deferred
    $26,133
    Nontaxable benefits
    $25,605
    Filer's total
    $169,959

  • Shawn Dunnagan

    JOURNEYMAN LINEMAN

    Total calculated
    $169,195
    From this org
    $119,575
    From related orgs
    $0
    Other
    $49,620
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $96,642
    Bonus
    $0
    Other
    $22,933
    Deferred
    $24,364
    Nontaxable benefits
    $25,256
    Filer's total
    $169,195

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
2024
Filed
20 October 2025
IRS schema version
2024v5.2
Source object
202532939349300503

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