2025-07-28T14:40:07-05:00 2024-12-31 351515068 MONROE SHINE & CO INC CPA'S PO BOX 1407 NEW ALBANY IN 471511407 990 2024-01-01 350377085 HENRY COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION HENR 8002488413 3400 S STATE ROAD 3 NEW CASTLE IN 47362 MELISSA TRUE CHIEF EXECUTIVE OFFICER 8002488413 2025-06-26 1 1 CHRISTOPHER M HAWKINS CPA P01291231 8129452311 2024 2025-03-06 01:10:19Z HENRY COUNTY REMC MELISSA TRUE 3400 S STATE ROAD 3 NEW CASTLE IN 47362 32628606 0 X WWW.HCREMC.COM X 1936 IN DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 7,800 MEMBERS ON A COOPERATIVE BASIS. 11 11 37 0 0 0 0 0 29613373 31751843 22037 43529 1033472 832493 30668882 32627865 0 0 2875526 3698734 3577775 3993173 0 0 0 24215581 24935958 30668882 32627865 0 0 67280996 71672252 32044692 33228174 35236304 38444078 PROVIDE RELIABLE, SAFE AND COST-COMPETITIVE ELECTRIC SERVICE TO ENHANCE THE LIVES OF OUR MEMBERS AND THE COMMUNITIES WE SERVE. 0 0 DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 7,800 MEMBERS ON A COOPERATIVE BASIS. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 35 0 1 37 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 31751843 704833 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X AMBER HOUSER 8002488413 3400 S STATE ROAD 3 NEW CASTLE IN 47362 M SHANE YOUNG PRESIDENT 2.16 X 8426 0 0 JAMEY MARCUM VICE PRESIDENT 5.88 X 11301 0 0 CURTIS POORE TREASURER 4.18 X 8897 0 0 JOYCE JESTER DIRECTOR 1.91 X 3859 0 0 BRIAN BECKER DIRECTOR 1.81 X 4219 0 0 ROBERT CRAIG DIRECTOR 2.13 X 3777 0 0 JAY CARR SECRETARY 3.04 X 10962 0 0 SAVANAH GIBSON DIRECTOR 1.64 X 3696 0 0 SCOTT HOUSER DIRECTOR 1.13 X 3977 0 0 KERRY GLISSON DIRECTOR 2.21 X 6957 0 0 MIKE REYNOLDS DIRECTOR 2.35 X 9536 0 0 MELISSA TRUE CEO 51.03 X 222068 0 78029 CODY WALKER EMPLOYEE 46.24 X 132039 0 36675 RICHARD BRYER EMPLOYEE 48.69 X 144701 0 64257 ADAM WARWAS CHIEF OPERATIONS OFFICER 47.90 X 167264 0 50773 CHAD HINESLEY EMPLOYEE 50.18 X 132789 0 46846 WESLY JONES EMPLOYEE 46.08 X 139390 0 39142 1013858 0 315722 14 0 1 0 AMPP CONSTRUCTION 810 W WASHINGTON ST WINCHESTER IN 47394 LINE CONSTRUCTION 1104742 MAROSKA INC 7255 S COUNTY ROAD 1075 W KNIGHTSTOWN IN 46148 DIRECTIONAL BORING 654958 TOWNSEND TREE SERVICE COMPANY 1015 W JACKSON ST MUNCIE IN 47305 TREE TRIMMING 654152 3 ELECTRIC REVENUE 221000 31751843 31751843 31751843 43270 43270 140900 0 140900 140900 140900 1000 741 259 259 259 PATRONAGE ALLOCATIONS 221000 691593 691593 691593 32627865 32443436 0 184429 3698734 1329580 1388083 424202 666078 185230 1129297 2681226 COST OF POWER 17961987 DISTRIBUTION EXPENSE 1616685 ADMINISTRATIVE AND GENE 937353 CONSUMER ACCOUNT EXPENS 365600 243810 32627865 571311 1152752 3321757 3826468 1354751 1377356 254388 96828 77609695 23763950 50337617 53845745 10773897 10945086 667275 428017 67280996 71672252 3531314 4073190 27485587 28443835 1027791 711149 32044692 33228174 X 0 0 190541 190998 35045763 38253080 35236304 38444078 67280996 71672252 X 0 3207774 X X 0 1 X 1 0 1000 1000 1000 1 INDIANA FORE - POLITICAL ACTION 11805 PENNSYLVANIA ST CARMEL IN 46032 351998087 1000 PART I-A, LINE 1: HENRY COUNTY REMC DONATED TO INDIANA FORE - POLITICAL ACTION GROUP WORKING IN THE INTEREST OF RURAL UTILITIES. 259189 259189 8788584 1703814 7084770 68561922 22060136 46501786 53845745 PATRONAGE CAPITAL IN WHOLESALE POWER SUPPLIER 10062704 C PATRONAGE CAPITAL IN OTHER VENDOR/COOPERATIVES 882382 C 10945086 POSTRETIREMENT BENEFIT OBLIGATION 443151 OPERATING LEASE LIABILITY 267998 711149 X 32627865 0 32627865 0 32627865 28929131 0 28929131 3698734 3698734 32627865 PART X, LINE 2: THE UTILITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THE FINANCIAL STATEMENTS DO NOT INCLUDE A PROVISION FOR INCOME TAXES. THE UTILITY IS ALSO EXEMPT FROM THE INDIANA UTILITY RECEIPTS TAX UNDER IC 6-2.1-3-33. THE UTILITY HAS ADOPTED ASC TOPIC 740, INCOME TAXES, AS IT RELATES TO UNCERTAIN TAX POSITIONS. THE UTILITY IS NOT CURRENTLY BEING EXAMINED BY ANY TAX JURISDICTIONS AND MANAGEMENT BELIEVES ITS TAX-EXEMPT STATUS WOULD BE UPHELD UNDER EXAMINATION. NO PROVISION FOR UNCERTAIN TAX POSITIONS HAVE BEEN RECORDED AT DECEMBER 31, 2024. PART XII, LINE 4B - OTHER ADJUSTMENTS: 2024 MARGINS ALLOCATED TO MEMEBERS 3,698,734. X X X 0 0 0 MELISSA TRUE CEO 222068 0 0 0 0 0 0 0 78029 0 300097 0 0 0 ADAM WARWAS CHIEF OPERATIONS OFFICER 167264 0 0 0 0 0 0 0 50773 0 218037 0 0 0 RICHARD BRYER EMPLOYEE 144701 0 0 0 0 0 0 0 64257 0 208958 0 0 0 CHAD HINESLEY EMPLOYEE 132789 0 0 0 0 0 0 0 46846 0 179635 0 0 0 WESLY JONES EMPLOYEE 139390 0 0 0 0 0 0 0 39142 0 178532 0 0 0 CODY WALKER EMPLOYEE 132039 0 0 0 0 0 0 0 36675 0 168714 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 HENRY COUNTY REMC IS A COOPERATIVE OWNED BY ITS APPROXIMATE 9,700 MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS ARE ENTITLED TO VOTE FOR THE BOARD OF DIRECTORS AT ITS ANNUAL MEETING FORM 990, PART VI, SECTION A, LINE 7B ALL GOVERNANCE DECISIONS ARE SUBJECT TO APPROVAL BY THE GOVERNING BODY FORM 990, PART VI, SECTION B, LINE 11B CEO AND MANAGER OF FINANCE AND ADMINISTRATION REVIEW THE 990 AND THEN PRESENT IT TO THE BOARD FOR APPROVAL BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS PERIODICALLY REVIEWED BY THE BOARD OF DIRECTORS AND CEO. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD COMPARES WAGES OF OTHER REMC'S IN THE STATE OF INDIANA TO DETERMINE MANAGEMENT AND EMPLOYEE SALARIES. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN ACCUMULATED OTHER COMPREHENSIVE LOSS -74,396. INCREASE IN MEMBERSHIPS 457. RETIREMENT OF PATRONAGE CAPITAL TO MEMBERS -417,021. 2024 MARGINS ALLOCATED TO MEMBERS 3,698,734. FORM 990, PART XII, LINE 2C: NO CHANGE FROM THE PRIOR YEAR