Johnson County Rural Elec Mem Corp
501(c)(12)
Strong reserves Growing revenue
Johnson County Rural Elec Mem Corp is a 501(c)(12) organization based in Franklin, Indiana, registered in 1937, with $76,653,939 in FY2024 revenue.
750 International Dr, Franklin, IN, 46131 EIN 35-0424700 Since 1937
Revenue (FY2024)
$76.7M
▲ 4.5% vs prior year
Expenses (FY2024)
$73.8M
Net assets
$99.0M
Employees
78
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 Johnson County Rural Elec Mem Corp— 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 rating16 mo reserves · +4% 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 Johnson County Rural Elec Mem Corp: 16 mo reserves · +4% 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 Johnson County Rural Elec Mem Corp: 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 Johnson County Rural Elec Mem Corp: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
To safely and efficiently provide reliable electric services for the community
Contact & location
Financial trends
Revenue grew from $61.9M (FY2020) to $76.7M (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $103.6MNet assets $99.0M
Operating margin
3.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$202.7M
Total liabilities
$103.6M
Net assets
$99.0M
Salaries & benefits
$6.5M
9% of expenses
Board members
7
6 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $76,653,939▲4.5% | $73,836,020▲5.1% | $99,030,309▲0.7% | $202,674,247▲12.7% | 990 |
| 2023 | $73,379,153▲4.1% | $70,268,557▲3.3% | $98,353,387▲3.4% | $179,762,305▲7.8% | 990 |
| 2022 | $70,521,868▲13.3% | $67,997,772▲16.6% | $95,094,389▲2.6% | $166,688,644▲9.6% | 990 |
| 2021 | $62,222,719▲0.6% | $58,314,938 | $92,690,461▲3.4% | $152,019,482▲5.8% | 990 |
| 2020 | $61,871,372 | $58,312,238 | $89,628,458 | $143,678,667 | 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: John Sturm — $381,584 (0.52% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| John Sturm | Ceo | 43.2 | $381,584 |
| Terry Miller | Vp of Finance | 43.4 | $202,830 |
| Kevin Shelley | Vp of Engineering | 42.5 | $183,513 |
| Nick Stainbrook | Director of Operations | 42.8 | $156,639 |
| Shawn Frye | Director of Technology | 41.8 | $144,412 |
| Steven Stout | Journeyman Lineman | 49.6 | $143,823 |
| Samuel Wood | Journeyman Lineman | 49.4 | $138,976 |
| Daniel Corthell | Journeyman Lineman | 47.7 | $134,260 |
| Seth Brown | Secretarytreasurer | 8 | $30,350 |
| Stephen Watson | Vice President | 5.5 | $28,277 |
| Lee Ann Wilbur | President | 5.9 | $26,211 |
| Ronald Barnett | Board of Director | 6.6 | $24,050 |
| Dennis Stewart | Board of Director | 3 | $23,450 |
| Jamie Meredith | Board of Director | 5.8 | $22,950 |
| Glenn Mcalpin | Board of Director | 4.1 | $22,300 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Stella Energy Solutions | Distributed Energy | $12,272,122 |
| Hoosier Edison Line Co | Utility Line Contractor | $2,549,661 |
| G&g Underground Const | Utility Line Construction | $1,447,358 |
| Asplundh Tree Expert LLC | Tree Trimming | $934,403 |
| Mark It Right LLC | Utility Locating | $711,986 |
Frequently asked questions
- Is Johnson County Rural Elec Mem Corp a legitimate nonprofit?
- Yes. Johnson County Rural Elec Mem Corp is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 35-0424700, based in Franklin, Indiana.
- What is Johnson County Rural Elec Mem Corp's EIN?
- Johnson County Rural Elec Mem Corp's Employer Identification Number (EIN) is 35-0424700.
- How much revenue does Johnson County Rural Elec Mem Corp report?
- Johnson County Rural Elec Mem Corp reported $76,653,939 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Johnson County Rural Elec Mem Corp's highest-paid employee make?
- The highest reported compensation on Johnson County Rural Elec Mem Corp's latest Form 990 is $381,584, paid to John Sturm (Ceo).
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Data for Johnson County Rural Elec Mem Corp (EIN 35-0424700) 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.