Clark County Rural Electric Membership Corporation
501(c)(12)
Strong reserves Growing revenue
Clark County Rural Electric Membership Corporation is a 501(c)(12) organization based in Sellersburg, Indiana, registered in 1940, with $74,547,968 in FY2024 revenue.
7810 Highway 60, Sellersburg, IN, 47172 EIN 35-0230915 Since 1940
Revenue (FY2024)
$74.5M
▲ 4.1% vs prior year
Expenses (FY2024)
$69.4M
Net assets
$84.5M
Employees
61
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Clark County Rural Electric Membership Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating15 mo reserves · +7% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Clark County Rural Electric Membership Corporation: 15 mo reserves · +7% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Clark County Rural Electric Membership Corporation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Clark County Rural Electric Membership Corporation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
To efficiently deliver safe,reliable electric service to our members.
Contact & location
- Address
- 7810 Highway 60, Sellersburg, IN, 47172
- City
- Sellersburg
- State
- Indiana
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $60.3M (FY2020) to $74.5M (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $80.8MNet assets $84.5M
Operating margin
6.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$165.3M
Total liabilities
$80.8M
Net assets
$84.5M
Salaries & benefits
$5.9M
9% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $74,547,968▲4.1% | $69,406,936▲5.0% | $84,541,069▲2.8% | $165,310,986▲3.2% | 990 |
| 2023 | $71,631,326▲4.5% | $66,089,510▲6.1% | $82,229,545▲3.4% | $160,246,324▲1.4% | 990 |
| 2022 | $68,579,271▲11.9% | $62,304,098▲7.2% | $79,524,708▲2.5% | $158,055,649▲5.3% | 990 |
| 2021 | $61,267,115▲1.6% | $58,109,782▲0.7% | $77,554,159▲1.0% | $150,145,404▲2.9% | 990 |
| 2020 | $60,296,021 | $57,702,167 | $76,780,809 | $145,906,290 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Jason Clemmons — $242,029 (0.35% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jason Clemmons | Chief Executive Officer | 50 | $242,029 |
| Jeremy R Miller | Mgr. of Finance & Admin./asst. Treasurer | 50 | $193,962 |
| Nash Summers | Mgr. of Operations & Engineering | 50 | $166,691 |
| Jerry Applegate | Working Foreman | 51 | $152,980 |
| Kevin Kastensmidt | Mgr. of Information Technology | 50 | $151,052 |
| Kevin Crouse Sr | Working Foreman | 48 | $146,506 |
| Wyatt Binkley | Journeyman Lineman | 51 | $143,154 |
| Thera Desmond | Admin. Asst./asst. Secretary | 40 | $100,764 |
| John R Biesel | Vice President/president | 5.29 | $17,174 |
| Mark A Huber | Director | 4.8 | $15,930 |
| Paul A Graf | President/director | 5.66 | $15,573 |
| Joseph W Basham | Director/secretary-treasurer | 5.38 | $15,554 |
| Jeffrey A Myers | Sec.-treas./vice President | 4.35 | $14,644 |
| Steven G Dieterlen | Director | 7.31 | $11,378 |
| James Gregory Hostettler | Director | 3.96 | $11,363 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Electricom LLC | Construction | $2,093,379 |
| Townsend Tree Service | Right-of-way Maintenance | $1,498,170 |
| Saltsgaver Construction Co | Construction | $731,821 |
| D J Windell Inc | Staking/inspection | $293,238 |
| On the Spot Resources Inc | Locating Services | $233,772 |
Frequently asked questions
- Is Clark County Rural Electric Membership Corporation a legitimate nonprofit?
- Yes. Clark County Rural Electric Membership Corporation is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 35-0230915, based in Sellersburg, Indiana.
- What is Clark County Rural Electric Membership Corporation's EIN?
- Clark County Rural Electric Membership Corporation's Employer Identification Number (EIN) is 35-0230915.
- How much revenue does Clark County Rural Electric Membership Corporation report?
- Clark County Rural Electric Membership Corporation reported $74,547,968 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Clark County Rural Electric Membership Corporation's highest-paid employee make?
- The highest reported compensation on Clark County Rural Electric Membership Corporation's latest Form 990 is $242,029, paid to Jason Clemmons (Chief Executive Officer).
More nonprofits in Sellersburg
Explore more
Data for Clark County Rural Electric Membership Corporation (EIN 35-0230915) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.