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HENDRICKS COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION

EIN 35-0376478 DANVILLE, IN

Largest nonprofits in Indiana

Revenue 2025
$122,004,153
Expenses 2025
$122,004,153

Program services were 99.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
12
Classification
4000
Street
PO BOX 309

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2025

Mission

HENDRICKS POWER COOPERATIVE EXISTS TO DISTRIBUTE HIGH QUALITY RELIABLE AND COMPETITIVELY VALUED ELECTRIC ENERGY TO ITS MEMBER OWNERS IN AN ENVIRONMENTALLY RESPONSIBLE MANNER.

Activities or mission (Part I)

DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 40,000 CUSTOMERS ON A COOPERATIVE BASIS.

  • DISTRIBUTION OF ELECTRICITY TO MEMBERS

    Expenses $121,925,543 · Revenue $121,072,662

As filed on the 2025 return.

Officers and directors · 2025

As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Gregory Ternet

    CEO

    Total calculated
    $744,278
    From this org
    $471,140
    From related orgs
    $0
    Other
    $273,138
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $423,148
    Bonus
    $0
    Other
    $47,992
    Deferred
    $242,949
    Nontaxable benefits
    $30,189
    Filer's total
    $744,278
  • David R Olmstead

    Director-Finance Mbr Svc

    Total calculated
    $295,894
    From this org
    $199,645
    From related orgs
    $0
    Other
    $96,249
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $187,908
    Bonus
    $0
    Other
    $11,737
    Deferred
    $67,126
    Nontaxable benefits
    $29,123
    Filer's total
    $295,894
  • Debra S Anderson

    Director-Bus Analytics

    Total calculated
    $289,939
    From this org
    $179,586
    From related orgs
    $0
    Other
    $110,353
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $170,646
    Bonus
    $5,500
    Other
    $3,440
    Deferred
    $81,488
    Nontaxable benefits
    $28,865
    Filer's total
    $289,939
  • Joseph A Parsons

    Director-Operations

    Total calculated
    $260,543
    From this org
    $200,457
    From related orgs
    $0
    Other
    $60,086
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $190,478
    Bonus
    $5,500
    Other
    $4,479
    Deferred
    $30,914
    Nontaxable benefits
    $29,172
    Filer's total
    $260,543
  • Heather M Thompson

    Director-HR Marketing

    Total calculated
    $253,231
    From this org
    $184,882
    From related orgs
    $0
    Other
    $68,349
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $178,600
    Bonus
    $5,500
    Other
    $782
    Deferred
    $46,126
    Nontaxable benefits
    $22,223
    Filer's total
    $253,231
  • Amy C Watson

    Director of Technology

    Total calculated
    $250,877
    From this org
    $199,222
    From related orgs
    $0
    Other
    $51,655
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $183,905
    Bonus
    $5,500
    Other
    $9,817
    Deferred
    $49,509
    Nontaxable benefits
    $2,146
    Filer's total
    $250,877
  • Matthew Hession

    Director

    Total calculated
    $26,683
    From this org
    $26,683
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.23
  • William A Lynch

    President of Board

    Total calculated
    $25,475
    From this org
    $25,475
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.18
  • Susan Webb

    Director

    Total calculated
    $22,773
    From this org
    $22,773
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.94
  • David Thomas

    Director

    Total calculated
    $21,243
    From this org
    $21,243
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.93
  • Kevin Miller

    Director

    Total calculated
    $20,364
    From this org
    $20,364
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.14
  • Christopher Mann

    Secretary of Board

    Total calculated
    $20,250
    From this org
    $20,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.91
  • Hal Truax

    Vice President of Board

    Total calculated
    $18,426
    From this org
    $18,426
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.38
  • Brent Shay

    Director

    Total calculated
    $18,113
    From this org
    $18,113
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.52
  • Keith S Cooper

    Treasurer of Board

    Total calculated
    $17,442
    From this org
    $17,442
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.14

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. Earlier years are each on their own filing page.

Filings

  • 2025
    Revenue
    $122,004,153
    Expenses
    $122,004,153
    Contributions
    $0
    Grants paid
    $0
  • 2024
    Revenue
    $115,897,807
    Expenses
    $115,897,807
    Contributions
    $0
    Grants paid
    $0
  • 2023
    Revenue
    $108,323,649
    Expenses
    $108,323,649
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $102,543,098
    Expenses
    $102,543,098
    Contributions
    $0
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $97,103,288
    Expenses
    $97,103,288
    Assets (EOY)
    $222,904,007
  • 2020 · 990

    Revenue
    $91,499,155
    Expenses
    $91,499,155
    Assets (EOY)
    $191,509,706

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared as related by

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Related corporations and trusts on its 2025 return

  • HPC Services LLC

    C corp · Line Locates and Fiber · IN · 100% owned · share of income $4,932,569 · share of assets $17,346,752 · controlled entity

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Not present in the most recent drop.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2025, the newest we have parsed for this organization.