Western Indiana Energy Rural Electric Membership Corporation
501(c)(12)
Only null% goes to programs Strong reserves
Western Indiana Energy Rural Electric Membership Corporation is a 501(c)(12) organization based in Vincennes, Indiana, registered in 1998, with $76,953,728 in FY2024 revenue. CharityIndex grades it A.
3981 S Us Highway 41, Vincennes, IN, 47591 EIN 35-2025174 Since 1998
Revenue (FY2024)
$77.0M
▲ 1.2% vs prior year
Expenses (FY2024)
$77.0M
Net assets
$114.2M
Employees
59
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 Western Indiana Energy 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 rating18 mo reserves · +0% 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 Western Indiana Energy Rural Electric Membership Corporation: 18 mo reserves · +0% 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 Western Indiana Energy Rural Electric Membership Corporation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
BTransparency10% of the rating3 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 Western Indiana Energy Rural Electric Membership Corporation: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
Distribution of electricity to approximately 12,700 members on a cooperative basis.
Contact & location
Financial trends
Revenue grew from $63.8M (FY2020) to $77.0M (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $45.0MNet assets $114.2M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$159.1M
Total liabilities
$45.0M
Net assets
$114.2M
Salaries & benefits
$6.8M
9% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $76,953,728▲1.2% | $76,953,728▲1.2% | $114,180,682▲2.7% | $159,142,439▲2.6% | 990 |
| 2023 | $76,031,018▲8.4% | $76,031,018▲8.4% | $111,187,917▲2.6% | $155,143,697▲4.0% | 990 |
| 2022 | $70,143,410▲4.4% | $70,143,410▲4.4% | $108,370,385▲0.1% | $149,187,847▲2.4% | 990 |
| 2021 | $67,176,124▲5.3% | $67,176,124▲5.3% | $108,209,998▲5.3% | $145,668,530▲3.3% | 990 |
| 2020 | $63,802,458 | $63,802,458 | $102,805,554 | $141,033,942 | 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: Thomas Nowaskie — $289,078 (0.38% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Thomas Nowaskie | Chief Executive Officer | 31.32 | $289,078 |
| Leslie M Beard | Chief Executive Officer | 40 | $264,737 |
| Eileen Goodwin | Director of Finance | 40 | $165,734 |
| Bruce Gill | Director of Operations & S | 40 | $163,985 |
| Chance Kelley | Line Specialist | 49.7 | $148,273 |
| Shawn Wolfe | Employee | 48.87 | $147,594 |
| Nick Borders | Employee | 49.79 | $143,604 |
| Harley Drake | Chairman | 7 | $16,973 |
| Marion Jochim | Vice-chairman | 9.15 | $16,573 |
| Chad Thomas | Director | 2.19 | $14,150 |
| Phillip Carter | Secretary | 13.82 | $13,300 |
| Barry Bane | Director | 5.29 | $13,200 |
| Randall Kuppler | Treasurer | 4.57 | $12,800 |
| Marlin Dreiman | Director | 4.18 | $12,600 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Intren LLC | Line Construction | $2,839,511 |
| Halter Vegetation Mgt | Tree Trimming | $2,467,004 |
| Atkinson Trenching Inc | Trenching | $470,484 |
| Utility Service & Equipment LLC | Fleet Repair | $284,661 |
| Solomon Corporation | Recloser Repairs | $268,634 |
Frequently asked questions
- Is Western Indiana Energy Rural Electric Membership Corporation a legitimate nonprofit?
- Yes. Western Indiana Energy Rural Electric Membership Corporation is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 35-2025174, based in Vincennes, Indiana.
- What is Western Indiana Energy Rural Electric Membership Corporation's EIN?
- Western Indiana Energy Rural Electric Membership Corporation's Employer Identification Number (EIN) is 35-2025174.
- How much revenue does Western Indiana Energy Rural Electric Membership Corporation report?
- Western Indiana Energy Rural Electric Membership Corporation reported $76,953,728 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Western Indiana Energy Rural Electric Membership Corporation have?
- CharityIndex grades Western Indiana Energy Rural Electric Membership Corporation A, based on financial health (reserves and operating margin).
- How much does Western Indiana Energy Rural Electric Membership Corporation's highest-paid employee make?
- The highest reported compensation on Western Indiana Energy Rural Electric Membership Corporation's latest Form 990 is $289,078, paid to Thomas Nowaskie (Chief Executive Officer).
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Data for Western Indiana Energy Rural Electric Membership Corporation (EIN 35-2025174) 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.