2026-09-11T13:05:56-05:00 2025-12-31 351515068 MONROE SHINE & CO INC CPA'S PO BOX 1407 NEW ALBANY IN 471511407 990 2025-01-01 350367872 HARRISON COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION HARR 8127384115 1165 OLD FOREST ROAD P O BOX 5 CORYDON IN 47112 DAVID C LETT CHIEF EXECUTIVE OFFICER 8127384115 2026-08-25 1 CHRISTOPHER M HAWKINS CPA P01291231 8129452311 2025 HARRISON REMC DAVID C LETT 1165 OLD FOREST ROAD P O BOX 5 CORYDON IN 47112 72162777 0 X WWW.HARRISONREMC.COM X 1938 IN DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 25,133 MEMBERS ON A COOPERATIVE BASIS. 9 9 50 0 0 0 0 0 66842988 68911671 821056 803260 1928126 2447846 69592170 72162777 0 0 5333313 4624525 6049360 5276927 0 0 0 58209497 62261325 69592170 72162777 0 0 146413649 157655755 49894303 57820496 96519346 99835259 X THE MISSION OF HARRISON REMC IS TO PROVIDE A WELL-INFORMED MEMBERSHIP WITH SUPERIOR, COMPETITIVELY PRICED, ELECTRIC AND RELATED CUSTOMER SERVICE(S), ACCOMPLISHED BY HIGHLY TRAINED, COMMITTED EMPLOYEES. IT IS FURTHER THE MISSION TO IMPROVE THE QUALITY OF LIFE FOR OUR MEMBERS BY PROMOTING COMMUNITY, ECONOMIC DEVELOPEMENT AND ENERGY EFFICIENCY ACTIVITIES. 0 0 DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 25,000 MEMBERS ON A COOPERATIVE BASIS. 0 0 1 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 32 0 50 1 0 0 0 0 0 68865304 2602008 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 IN X DAVID C LETT 8127384115 1165 OLD FOREST ROAD NW CORYDON IN 47112 DAVID POE PRESIDENT 3.87 X 21194 0 0 DARIN DUNCAN VICE PRESIDENT 2.15 X 15020 0 0 CRAIG ENGLEMAN SECRETARY/TREASURER 2.65 X 15945 0 0 PATRICK BOOK DIRECTOR 2.36 X 15718 0 0 DAVID L WALTHER DIRECTOR 3.44 X 14022 0 0 ROY ZIMMERMAN DIRECTOR 2.32 X 10599 0 0 C TODD UHL DIRECTOR 1.30 X 9967 0 0 DANNY WISEMAN DIRECTOR 2.24 X 13712 0 0 LEAH HUBER DIRECTOR 5.16 X 9379 0 0 DAVID C LETT CHIEF EXECUTIVE OFFICER 50.00 X 342626 0 237110 DEREK SAUNDERS EMPLOYEE 52.00 X 153774 0 10781 LOGAN MURPHY EMPLOYEE 54.00 X 158557 0 20785 STEVEN MOORE BUSINESS MANAGER 49.00 X 177223 0 69242 TRYSTEN WILLIAMS EMPLOYEE 49.00 X 144190 0 14064 RYAN STROHBECK ENGINEERING OPERATIONS MAN 45.00 X 167422 0 45731 1269348 0 397713 6 0 1 0 WILLIAM E GROVES CONSTRUCTION 3135 GRAPEVINE RD MADISONVILLE KY 42431 ELECTRIC PLANT CONSTRUCTION 3024425 JAMES L SHIREMAN INC 3081 PROGRESS BLVD NW CORYDON IN 47112 BUILDING CONTRACTOR 2613824 WA KENDALL AND COMPANY LLC 1100 E 100 S MOORESVILLE IN 46160 TREE TRIMMING 2027081 H AND L TREE TRIMMING INC 1002 RODGERS PARK DR NORTH VERNON IN 47265 TREE TRIMING 848094 S&M NIX ENTERPRISES LLC 13060 FREDERICKSBURG RD NW DEPAUW IN 47115 EXCAVATING 710431 5 ELECTRIC REVENUE 221000 68911671 68911671 68911671 803260 803260 381841 0 381841 381841 381841 PATRONAGE ALLOCATIONS 221000 2066005 2066005 2066005 72162777 70977676 0 1185101 4624525 1667060 1832076 687279 664647 425865 1363666 4671257 PURCHASED POWER 48127502 DISTRIBUTION EXPENSE 5588433 ADMINISTRATIVE AND GENE 1448359 CONSUMER ACCOUNT EXPENS 559495 502613 72162777 1787871 4299265 7183905 7812148 3458214 3252042 3767104 3124979 143910988 39269709 96786678 104641279 3068177 3342322 30361700 31183720 146413649 157655755 2986379 4480930 41547937 47650376 5359987 5689190 49894303 57820496 X 0 0 2894530 3283853 93624816 96551406 96519346 99835259 146413649 157655755 X 0 134512 3181401 X 0 1 X 1 0 2000 2000 2000 1 IEC STATE PAC 11805 PENNSYLVANIA ST CARMEL IN 46032 351998087 2000 PART I-A, LINE 1: HARRISON COUNTY REMC DONATED TO IEC STATE PAC, A POLITICAL ACTION GROUP WORKING IN THE INTEREST OF RURAL UTILITIES. 491918 491918 3889273 2383284 1505989 9975678 5489393 4486285 129554119 31397032 98157087 104641279 PATRONAGE CAPITAL IN WHOLESALE POWER SUPPLIER 28836416 C PATRONAGE CAPITAL IN OTHER VENDOR/COOPERATIVES 2347304 C 31183720 ACCUMULATED POST-RETIREMENT BENEFIT OBLIGATION 320160 POST EMPLOYMENT BENEFIT SICK LEAVE PAYABLE 1218593 CUSTOMER ADVANCES FOR CONSTRUCTION 2737502 CONSUMER DEPOSITS 1412935 5689190 X 72162777 0 72162777 0 72162777 67538252 0 67538252 4624525 4624525 72162777 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, 2025. PART XII, LINE 4B - OTHER ADJUSTMENTS: 2025 MARGINS ALLOCATED TO MEMBERS 4,624,525. X X X 0 0 0 DAVID C LETT CHIEF EXECUTIVE OFFICER 342626 0 0 0 0 0 0 0 0 237110 342626 237110 0 0 STEVEN MOORE BUSINESS MANAGER 177223 0 0 0 0 0 0 0 0 69242 177223 69242 0 0 RYAN STROHBECK ENGINEERING OPERATIONS MAN 167422 0 0 0 0 0 0 0 0 45731 167422 45731 0 0 LOGAN MURPHY EMPLOYEE 158557 0 0 0 0 0 0 0 0 20785 158557 20785 0 0 DEREK SAUNDERS EMPLOYEE 153774 0 0 0 0 0 0 0 0 10781 153774 10781 0 0 TRYSTEN WILLIAMS EMPLOYEE 144190 0 0 0 0 0 0 0 0 14064 144190 14064 0 0 FORM 990, PART VI, SECTION A, LINE 6 HARRISON REMC IS A COOPERATIVE OWNED BY ITS APPROXIMATE 24,500 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 GOVERNANCE DECISIONS ARE SUBJECT TO APPROVAL BY THE GOVERNING BODY FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS REVIEWED BY THE BOARD OF DIRECTORS AND CEO BEFORE IT WAS FILED 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 15A BOARD OF DIRECTORS REVIEWS STATE AND NATIONAL SALARY SURVEYS FOR COMPARABLE POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND ANNUAL FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: RETIREMENT OF PATRONAGE CAPITAL TO MEMBERS -1,832,447. INCREASE IN ACCUMULATED OTHER COMPREHENSIVE INCOME 389,323. 2025 MARGINS ALLOCATED TO MEMBERS 4,624,525.