2024-11-15T10:52:19-05:00 2023-12-31 311413363 BHM CPA GROUP INC 1 E CAMPUS VIEW BLVD STE 300 COLUMBUS OH 43235 990 2023-01-01 350711159 TIPMONT RURAL ELECTRIC MEMBERSHIP CORPORATION TIPM 8007263953 403 S MAIN STREET LINDEN IN 47955 RONALD L HOLCOMB PRESIDENT & CEO 8007263953 2024-11-06 false RYAN C HIXENBAUGH CPA P01052454 6143895775 2024-11-15 2023 2024-10-15 13:58:12Z RONALD L HOLCOMB 86383415 false X WWW.TIPMONT.ORG X 1938 IN DISTRIBUTION OF ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS. 7 7 137 0 0 77915962 83479530 69012 128796 1482084 2775089 79467058 86383415 0 1945156 3845024 1558240 0 0 0 75903968 82481254 79407364 86326278 59694 57137 254841288 277633776 171318268 190489885 83523020 87143891 DISTRIBUTION OF ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS. false false 86326278 86383415 DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 25, 267 MEMBERS ON A COOPERATIVE BASIS. 86326278 false false true false false false false false false true false true false true true true true false false false false false false false false false false false true false false false false false false false false false false false true true false false true 73 0 true 137 true false false false false false false false 83479530 2903885 false false false X 7 7 false false false false true true true true true false false true true true true true true true true false IN X DOUGLAS L MARTIN 8007263953 403 S MAIN ST LINDEN IN 47955 RONALD L HOLCOMB PRESIDENT & 55.00 X 381023 0 71561 JENNIFER RUFATTO CMO 50.00 X 263722 0 38395 JEREMY KONKLE COO 50.00 X 259289 0 29305 TRAVIS L BAILEY TECHNOLOGY I 40.00 X 200879 0 28891 JASON M MONROE CUSTOMER EXP 40.00 X 217496 0 11586 DOUGLAS L MARTIN VP, FINANCE 40.00 X 200722 0 27592 JOSEPH P KLINE DIRECTOR OF 40.00 X 153008 0 50255 CHRISTOPHER BLAISDELL SYSTEM ENGIN 40.00 X 154236 0 40801 LARRY E CARLSON DIRECTOR 9.00 X 44365 0 0 ROBERT J BAKER DIRECTOR 25.00 X 42245 0 0 KIRK ALTER SECRETARY/TR 15.00 X 32340 0 0 JANET HARLOW DIRECTOR 8.00 X 17122 0 0 LYNN BECK VICE CHAIRMA 20.00 X 16926 0 0 BRANDON S BIBLE CHAIRMAN 7.00 X 16481 0 0 WESLEY STOCKDALE DIRECTOR 7.00 X 12596 0 0 2012450 298386 36 false true false BERRY IT INC 4316 N 00 EW KOKOMO IN 46901 SMART GRID CONT 13322503 HOOSIER EDISON LINE COMPANY 4301 N 88 W SHARPSVILLE IN 46068 ELECTRICAL CONT 4105325 ELECTRICOM LLC PO BOX 319 PAOLI IN 47454 ELECTRICAL CONT 2007672 MINT CITY TREE SERVICES LLC PO BOX 210 BREMEN IN 46506 TREE TRIMMING 1698818 USIC LOCATING SVCS INC PO BOX 715409 CINCINNATI OH 45271 ELECTRICAL CONT 680026 15 ELECTRIC REVENUE 222100 77628864 77628864 SMART GRID REVENUE 517000 5850666 5850666 83479530 128796 128796 195405 195405 195405 195405 PATRONAGE REVENUE 221000 2379456 2379456 OTHER CAPITAL CREDITS 221000 143091 143091 TIPMONT HOLDING INC. 221000 57137 57137 2579684 86383415 86197482 185933 3845024 5581423 7730843 PURCHASED POWER 47980317 OPERATIONS AND MAINTENANC 11245144 GENERAL AND ADMINISTRATIV 5736531 CONSUMER ACCOUNT EXPENSE 4203774 3222 86326278 0 0 0 3980135 3650563 11055243 12416117 3767730 4189442 142050 125950 266713889 54101725 193487434 212612164 41560331 43863333 848365 776207 254841288 277633776 12730882 15692926 150922219 154243771 7665167 20553188 171318268 190489885 X 99785 99785 83423235 87044106 83523020 87143891 254841288 277633776 X 57137 3563734 X X false true X false false 3000 3000 3000 true INDIANA FORE 8888 KEYSTONE CROSSING SUITE 1600 INDIANAPOLIS IN 46240 351998087 3000 SCHEDULE C, PART I-B, LINE 4 MONETARY DONATIONS 867818 867818 6228448 2935145 3293303 259617623 51166580 208451043 212612164 VENDOR COOPERATIVES 22197565 C WABASH VALLEY POWER 21665768 C 43863333 LINE OF CREDIT 16207504 CUSTOMER DEPOSITS 1918431 ACCUM POST-RETIREMENT OBLIGATION 1762767 OTHER DEFERRED COSTS 568842 FINANCE LEASE OBLIGATION 95644 20553188 X 86383415 86383415 86383415 82481254 82481254 3845024 3845024 86326278 SCHEDULE D, PAGE 3, PART X THE COOPERATIVE COMPLIES WITH ASC 740-10 RELATED TO UNCERTAIN TAX POSITIONS. ASC 740-10 PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. MANAGEMENT IS NOT AWARE OF ANY TAX POSITIONS TAKEN BY THE COOPERATIVE ON ITS TAX RETURNS THAT THEY CONSIDER TO BE UNCERTAIN OR THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. TAX RETURNS FOR THE YEARS ENDED 2020, 2021, AND 2022 ARE STILL OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. SCHEDULE D, PAGE 4, PART XII, LINE 4B 2023 MARGINS ALLOCATED TO MEMBERS 3,845,024 X X false false false RONALD L HOLCOMB PRESIDENT & CEO 381023 34260 37301 452584 JENNIFER RUFATTO CMO 263722 10448 27947 302117 JEREMY KONKLE COO 259289 29305 288594 TRAVIS L BAILEY TECHNOLOGY INNOVATIO 200879 28891 229770 JASON M MONROE CUSTOMER EXPERIENCE 217496 10834 752 229082 DOUGLAS L MARTIN VP, FINANCE & ADMIN 200722 27592 228314 JOSEPH P KLINE DIRECTOR OF OUTSIDE 153008 22500 27755 203263 CHRISTOPHER BLAISDELL SYSTEM ENGINEERING M 154236 13645 27156 195037 SCHEDULE J, PAGE 1, PART I, LINE 1B COOPERATIVE DOES NOT PAY OR REIMBURSE THE ABOVE ITEMS IN 1A. FORM 990, PAGE 6, PART VI, LINE 6 THE MEMBERS OF THE REMC CONSIST OF THOSE WHO RECEIVE ELECTRICITY FROM THE CO-OP FORM 990, PAGE 6, PART VI, LINE 7A THE MEMBERS ELECT THE BOARD OF DIRECTORS AT AN ANNUAL MEETING DEPENDING ON THE DISTRICT THEY LIVE IN. FORM 990, PAGE 6, PART VI, LINE 7B CERTAIN DECISIONS TO BE MADE BY THE BOARD OF DIRECTORS MUST BE APPROVED BY THE MEMBERS. FORM 990, PAGE 6, PART VI, LINE 11B 990 WILL BE REIVEWED DURING A BOARD MEETING BEFORE IT IS FILED. FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD REVIEWS THE POLICIES REGULARLY AND EMPLOYEES ARE KEPT UP TO DATE. FORM 990, PAGE 6, PART VI, LINE 15A THE ENTIRE BOARD USED A COMPENSATION STUDY OF OTHER MANAGER'S AND THE SIZE OF THEIR CO-OP. FORM 990, PAGE 6, PART VI, LINE 15B THE ENTIRE BOARD USED A COMPENSATION STUDY OF OTHER MANAGER'S AND THE SIZE OF THEIR CO-OP. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE BY MAIL TO THE PUBLIC. THE CONFLICT OF INTEREST POLICY IS AVAILABLE BY REQUEST, AND FINANCIAL STATEMENTS ARE AVAILABLE ONLINE AND AT THE ANNUAL MEETING. FORM 990, PART XI, LINE 9 2023 MARGINS ALLOCATED 3,845,024 CHANGE IN MEMBERSHIPS -2,825 NET RETIREMENT, REASSIGNMENT, RECLAMATION OF PATRO -33,054 OTHER COMPREHENSIVE INCOME/LOSS -245,411 TOTAL 3,563,734 FORM 990, PAGE 12, PART XII, LINE 2C FINAL REPORT IS PRESENTED DIRECTLY TO BOARD FOR REVIEW. TIPMONT HOLDING INC PO BOX 20 LINDEN IN 479550020 352080863 SUBSIDIARY IN TIPMONT RE C CORP 57137 21929585 1.00000 false false false false false false false false false false false false false false false false false false false false