NonprofitsHenry County Rural Electric Membership Corporation

Henry County Rural Electric Membership Corporation

NEW CASTLE, IN

Total revenue

$32.6M

Total expenses

$32.6M

Net assets

$38.4M

Grants received

$7K

1 grants

EIN

350377085

Tax year

2024

Mission

Distribution of electricity to approximately 7,800 members on a cooperative basis.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$31.8M
Investment income$44K
Other revenue$832K
Total revenue$32.6M

Expenses

Grants paid
Salaries & benefits$4.0M
Fundraising
Other expenses$24.9M
Total expenses$32.6M
Total assets$71.7M
Net assets$38.4M

People

17 listed

NameRoleCompensation

MELISSA TRUE

CEO

Board

$222K

51.03 hrs/wk

JAMEY MARCUM

VICE PRESIDENT

Board

$11K

5.88 hrs/wk

JAY CARR

SECRETARY

Board

$11K

3.04 hrs/wk

MIKE REYNOLDS

DIRECTOR

Board

$10K

2.35 hrs/wk

CURTIS POORE

TREASURER

Board

$9K

4.18 hrs/wk

M SHANE YOUNG

PRESIDENT

Board

$8K

2.16 hrs/wk

KERRY GLISSON

DIRECTOR

Board

$7K

2.21 hrs/wk

BRIAN BECKER

DIRECTOR

Board

$4K

1.81 hrs/wk

SCOTT HOUSER

DIRECTOR

Board

$4K

1.13 hrs/wk

JOYCE JESTER

DIRECTOR

Board

$4K

1.91 hrs/wk

ROBERT CRAIG

DIRECTOR

Board

$4K

2.13 hrs/wk

SAVANAH GIBSON

DIRECTOR

Board

$4K

1.64 hrs/wk

ADAM WARWAS

CHIEF OPERATIONS OFFICER

Staff

$167K

47.9 hrs/wk

RICHARD BRYER

EMPLOYEE

Staff

$145K

48.69 hrs/wk

WESLY JONES

EMPLOYEE

Staff

$139K

46.08 hrs/wk

CHAD HINESLEY

EMPLOYEE

Staff

$133K

50.18 hrs/wk

CODY WALKER

EMPLOYEE

Staff

$132K

46.24 hrs/wk

Independent contractors

AMPP CONSTRUCTION

LINE CONSTRUCTION

$1.1M

MAROSKA INC

DIRECTIONAL BORING

$655K

TOWNSEND TREE SERVICE COMPANY

TREE TRIMMING

$654K

Grants received

Showing 1 of 1

FromAmountPurposeYear
$7K
ELECTRIC DISPLAY
2023

Funded by

$7K from 1 funder · 1 grant · 2023

Henry County Community Foundation

$7K · 1 grant · 2023

Details

EIN350377085
Subsection12
Ruling date1937-06
Formed1936
Employees37
Volunteers0
HENRY COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION — Mission, Financials & Grants Received | Grantivo