NonprofitsHendricks County Rural Electric Membership Corporation

Hendricks County Rural Electric Membership Corporation

DANVILLE, IN

Total revenue

$115.9M

Total expenses

$115.9M

Net assets

$132.9M

Grants received

EIN

350376478

Tax year

2024

Mission

Distribution of electricity to approximately 38,000 customers on a cooperative basis.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$110.5M
Investment income$395K
Other revenue$5.0M
Total revenue$115.9M

Expenses

Grants paid
Salaries & benefits$8.5M
Fundraising
Other expenses$97.2M
Total expenses$115.9M
Total assets$264.4M
Net assets$132.9M

People

17 listed

NameRoleCompensation

GREGORY A TERNET

CEO

Board

$415K

45 hrs/wk

HAL TRUAX

VICE PRESIDENT

Board

$27K

1.87 hrs/wk

MATTHEW J HESSION

DIRECTOR

Board

$26K

1.18 hrs/wk

WILLIAM A LYNCH

PRESIDENT

Board

$25K

1.29 hrs/wk

DAVID THOMAS

DIRECTOR

Board

$20K

2.43 hrs/wk

SUSAN WEBB

DIRECTOR

Board

$20K

2.58 hrs/wk

CHRISTOPHER MANN

SECRETARY (START 07/24)

Board

$19K

2 hrs/wk

BRENT SHAY

DIRECTOR

Board

$19K

1.66 hrs/wk

KEITH S COOPER

TREASURER

Board

$17K

1.22 hrs/wk

KEVIN MILLER

DIRECTOR

Board

$9K

0.89 hrs/wk

R JEFFREY FLEECE

SECRETARY (THRU 07/24)

Board

$8K

0.54 hrs/wk

STANLEY RYLAND

DIRECTOR (THRU 07/24)

Board

$8K

0.47 hrs/wk

AMY C WATSON

DIRECTOR OF TECHNOLOGY

Staff

$183K

45 hrs/wk

JOSEPH A PARSONS

DIRECTOR OF OPERATIONS & B

Staff

$183K

45 hrs/wk

DEBRA J LENARDSON

DIRECTOR OF HUMAN RESOURCE

Staff

$182K

40 hrs/wk

DAVID R OLMSTEAD

DIRECTOR OF FINANCE & MEMB

Staff

$180K

45 hrs/wk

MICHAEL L GOOD

DIRECTOR OF ENGINEERING

Staff

$180K

45 hrs/wk

Independent contractors

J&J ELECTRIC

EQUIPMENT INSTALLATION

$3.2M

ACLARA TECHNOLOGIES LLC

HARDWARE/SOFTWARE

$1.5M

HELEBO TRENCHING INC

EXCAVATION WORK

$1.4M

UTILITY MANAGEMENT & CONSTRUCTION LLC

EXCAVATION WORK

$1.4M

WILLIAMS TREE SERVICE

TREE TRIMMING

$1.2M

Details

EIN350376478
Subsection12
Ruling date1937-10
Formed1936
Employees85
Volunteers0
HENDRICKS COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION — Mission, Financials & Grants Received | Grantivo