2026-09-09T14:14:49-04:00 2025-12-31 990 2025-01-01 350376478 HENDRICKS COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION HEND 3177455473 PO BOX 309 DANVILLE IN 46122 Lorri Snelbaker Manager of Finance and Accounting 3177187644 2026-09-10 false 2025 GREGORY A TERNET PO BOX 309 DANVILLE IN 46122 122004153 false X WWW.HENDRICKSPOWER. COM X 1936 IN DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 40,000 CUSTOMERS ON A COOPERATIVE BASIS. 9 9 86 0 64666 61891 0 0 110514440 116259771 394525 384784 4988842 5359598 115897807 122004153 0 0 10214442 11830650 8479241 8861240 0 0 0 97204124 101312263 115897807 122004153 0 0 264422782 285392331 131567710 142597868 132855072 142794463 HENDRICKS POWER COOPERATIVE EXISTS TO DISTRIBUTE HIGH QUALITY RELIABLE AND COMPETITIVELY VALUED ELECTRIC ENERGY TO ITS MEMBER OWNERS IN AN ENVIRONMENTALLY RESPONSIBLE MANNER. false false 121925543 0 121072662 DISTRIBUTION OF ELECTRICITY TO MEMBERS 121925543 false false true false false false false false false true false true false true true true false 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 true false true 54 0 true 86 true true true false false false false 116741812 5260567 false false false X 9 9 true false false false true true true true true false false true true true true true true true false true true IN X Gregory Ternet 3177455473 PO BOX 309 DANVILLE IN 46122 Gregory Ternet CEO 45.00 0.00 X 471140 0 273138 David R Olmstead Director-Finance Mbr Svc 45.00 0.00 X 199645 0 96249 Debra S Anderson Director-Bus Analytics 45.00 0.00 X 179586 0 110353 Joseph A Parsons Director-Operations 45.00 0.00 X 200457 0 60086 Heather M Thompson Director-HR Marketing 45.00 0.00 X 184882 0 68349 Amy C Watson Director of Technology 45.00 0.00 X 199222 0 51655 Matthew Hession Director 1.23 0.00 X 26683 0 0 William A Lynch President of Board 1.18 0.00 X X 25475 0 0 Susan Webb Director 2.94 0.00 X 22773 0 0 David Thomas Director 1.93 0.00 X 21243 0 0 Kevin Miller Director 2.14 0.00 X 20364 0 0 Christopher Mann Secretary of Board 1.91 0.00 X X 20250 0 0 Hal Truax Vice President of Board 1.38 0.00 X X 18426 0 0 Brent Shay Director 1.52 0.00 X 18113 0 0 Keith S Cooper Treasurer of Board 1.14 0.00 X X 17442 0 0 1625701 0 659830 46 false true false J&J Electric of Indiana Inc PO Box 357 Kokomo IN 46903 Equip Installation 2797427 Utility Management and Construction LLC 2038 W County Rd 900 N Roachdale IN 46172 Excavating work 2249446 Helebo Trenching Inc 7245 N Kitchen Rd Mooresville IN 46158 Excavating work 1421894 Mark It Right LLC PO Box 309 Danville IN 46122 Locates 1149257 Williams Tree Service PO Box 34 Paragon IN 46166 Tree trimming 989036 9 0 0 0 0 0 0 0 0 ELECTRIC REVENUE 221000 116259771 116259771 0 0 116259771 165709 0 0 165709 0 0 0 0 0 0 0 0 0 482041 0 0 0 482041 482041 0 0 482041 0 219075 0 0 0 219075 219075 219075 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Patronage Capital 221000 4673889 4673889 0 0 Wire recycling EWT and Subs 221000 139002 139002 0 0 Rental Income 531190 62067 0 62067 0 2599 0 2599 0 4877557 122004153 121291737 64666 647750 11830650 11830650 2285535 2285535 0 0 0 0 0 0 4574837 4574837 0 0 561947 561947 0 0 1019263 1019263 0 0 419658 419658 0 0 0 0 0 0 53831 0 53831 0 24779 0 24779 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1174527 1174527 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4494474 4494474 0 0 0 0 0 0 8715565 8715565 0 0 0 0 0 0 Purchased Power 80710502 80710502 0 0 Maintenance Expense 2423654 2423654 0 0 Admin and General 2122815 2122815 0 0 Distribution Operations & Transmission 939189 939189 0 0 652927 652927 0 0 122004153 121925543 78610 0 598093 174373 15023 24799 0 0 12799096 14129915 0 0 0 0 9231610 8757919 5655818 4844126 772809 302238 277215204 61103793 196685565 216111411 0 0 0 0 38664768 41047550 0 0 0 0 264422782 285392331 15429294 14186198 0 0 568669 576545 0 0 0 0 0 0 111267240 122498464 0 0 4302507 5336661 131567710 142597868 X 0 0 795350 812485 132059721 141981978 132855071 142794463 264422781 285392331 X 0 0 0 0 0 9939391 X false true X true false 7802 7802 7802 true Steuerwald for State Representative PO Box 503 Danville IN 46122 999999999 1500 0 Indiana State Cooperatives StatePAC 11805 Pennsylvania St Carmel IN 46032 351998087 5000 0 Hendricks County Republican Party 6500 Kings Court Avon IN 46123 020794118 1302 0 Part I-A, line 1 Indiana State Cooperatives State Political Action Committee - $5,000; Steuerwald for State Representative - $1,500; Hendricks County Republican Party - $1,302 0 2690380 2690380 0 13109958 6759299 6350659 0 0 0 0 0 244788490 43651982 201136508 0 16626376 10692512 5933864 216111411 Patronage Capital in Wabash Valley 37015110 C Patronage in CoBank & CFC 3171204 C Patronage and Investments Other 861236 C 41047550 Accumulated provision for medical leave 1715520 Obligations under capital leases 168141 Consumer advances for construction 3453000 5336661 X 122004153 0 0 0 0 0 122004153 0 0 0 122004153 110173503 0 0 0 0 0 110173503 0 11830650 11830650 122004153 Part X, line 2 The Cooperative follows Accounting for uncertainty in income taxes. The generally accepted accounting principle provides detailed guidance for the financial statement recognition measurement and disclosure of uncertain tax positions recognized in an enterprises financial statements. The accounting principle requires an entity to recognize the financial statement impact of a tax position when it is more likely than not that the position will be sustained upon examination. Part XII, line 4b Add Part XII Line 4B - other adjustments Benefits paid to or for members. See 990 core form - Part IX Line 4 11,830,650 X X X X false false false Gregory Ternet CEO 423148 0 0 0 47992 0 242949 0 30189 0 744278 0 0 0 David R Olmstead Director-Finance & Mbr Svc 187908 0 0 0 11737 0 67126 0 29123 0 295894 0 0 0 Debra S Anderson Director-Bus Analytics 170646 0 5500 0 3440 0 81488 0 28865 0 289939 0 0 0 Joseph A Parsons Director-Operations 190478 0 5500 0 4479 0 30914 0 29172 0 260543 0 0 0 Heather M Thompson Director-HR & Marketing 178600 0 5500 0 782 0 46126 0 22223 0 253231 0 0 0 Amy C Watson Director of Technology 183905 0 5500 0 9817 0 49509 0 2146 0 250877 0 0 0 Doing Business As Names HENDRICKS POWER COOPERATIVE Part VI, Line 2 | Employee:, Relationship:, Employee:| William A Lynch, Family Relationship, Matthew Hession| Matthew Hession, Family Relationship, William A Lynch| Christopher Mann, Business Relationship, Kevin Miller| Part VI, Section A, Line 6 Any individual or entity receiving electric service from the Cooperative automatically becomes a member of Hendricks County Rural Electric Membership Corporation. Part VI, Section A, Line 7a | Class of the Person:, Nature of their rights:| Members, Any person, firm, association, corporation, partnership, limited liability company, or body politic or subdivision thereof will become a member of Hendricks County Rural Electric Member Corporation upon receipt of electric service. The members elect nine (9) board members to serve as the governing body.| Part VI, Section A, Line 7b | Class of the Person:, Decisions that require their approval:, Nature of their rights:| Members, Decisions of the governing body are subject to member approval. An annual meeting of the members is held with at least one fiftieth 1 50 of the total members voting., One vote per member.| Part VI, Section B, Line 11b After reviewing the 990 the CEO sends an electronic copy to each board member. Following review by the Board and CEO it is discussed at the subsequent board meeting and then signed by the CEO. Part VI, Section B, Line 12c Directors must report any offers or gifts related to business cooperation to the board president. The president will inform the board of directors and the CEO about the incident. Part VI, Section B, Line 15 | Name of the Person:, The process used to establish compensation of the person who served in:|, The year in which this process was last undertaken:| CEO, The process for determining compensation of the CEO included a review by an independent outside party using comparability data. The board came to an agreement with the CEO on an adequate compensation program., 2025| Part VI, Section C, Line 19 Governing documents and audited financial statements are accessible upon request. Annual financial statements are posted on www.hendrickspower.com. Conflict of interest policies are yearly reviewed and signed by directors and select employees. Part XI, Line 9 | Description:, Explanation:, Amount:| Benefits paid to or for the members, Amounts credited to the capital credit account of the member shall have the same status as though they had been paid to the member in cash as pursuant to the legal obligation to do so., $11830650| Retirement of patronage capital, Retirement to members, $-2914870| Increase in Memberships, Net of new memberships and member refunds, $17135| Forfeiture of Unclaimed Patronage, Unclaimed by member, $1006476| Part IX,line 24e | Explanation:| Consumer accounts expense 637,622 Business taxes 13,530 and Contractor fleet expense 1,775 Part VIII,line 11d | Explanation:| Vehicle repairs HPC Services LLC PO Box 309 Danville IN 46122 352124686 Line Locates and Fiber IN Hendricks County REMC C corp 4932569 17346752 1.00 true false false false true false true false false false false false true true false false false true false false HPC Services LLC d 460702 actual HPC Services LLC f 100000 actual HPC Services LLC l 280272 actual HPC Services LLC m 649572 actual HPC Services LLC q 330487 actual