2026-08-21T15:32:06-05:00 2025-12-31 363163136 LWG CPAS & ADVISORS LLC 101 WEST OHIO STREET STE 1401 INDIANAPOLIS IN 46204 990 2025-01-01 351499808 INDIANA STATEWIDE ASSOCIATION OF RURAL ELECTRIC COOPERATIVES INDI 3174872220 11805 PENNSYLVANIA ST CARMEL IN 46032 DEIRDRE TIERNAN CFO 3174872220 2026-08-21 1 BRIAN D CHERRY P01355823 3176344747 2025 2025-03-06 01:10:19Z INDIANA ELECTRIC COOPERATVIES DEIRDRE TIERNAN 11805 PENNSYLVANIA ST CARMEL IN 46032 10334718 0 X N/A X 1935 IN PROVIDING SERVICES TO RURAL ELECTRIC MEMBERSHIP COOPERATIVES. 37 37 38 0 0 0 0 0 9892050 10119451 -6159 6220 100938 70492 9986829 10196163 0 0 0 0 5738138 6199697 0 0 0 4070429 3912328 9808567 10112025 178262 84138 10702935 10583135 5151426 4947488 5551509 5635647 INDIANA ELECTRIC COOPERATIVES EXISTS TO UNIFY, LEAD, SERVE, AND ADVOCATE FOR OUR MEMBER DISTRIBUTION AND GENERATION AND TRANSMISSION COOPERATIVES. 0 0 10112025 0 10119451 PROVIDING SERVICES TO RURAL ELECTRIC MEMBERSHIP COOPERATIVES. 10112025 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 52 0 38 1 0 0 0 0 0 0 0 0 X 37 37 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X DEIRDRE TIERNAN 3174872220 11805 PENNSYLVANIA ST CARMEL IN 46032 RONARNHOLT - BARTHOLOMEW DIRECTOR 2.00 X 3250 0 0 THOMAS DULL - BOONE DIRECTOR 2.00 X 5400 0 0 GARY GERLACH - CARROLL WHITE DIRECTOR 2.00 X 3250 0 0 JEFF MYERS - CLARK COUNTY DIRECTOR 2.00 X 2800 0 0 D TERRY CHAPMAN - DAVIESS-MARTIN DIRECTOR 2.67 X 5850 0 0 STEVE AMRHEIN - DECATUR COUNTY DIRECTOR 2.00 X 3150 0 0 DAVID RUDOLPH - DUBOIS REC DIRECTOR 3.00 X 3250 0 0 LEANDER HOOVER - FULTON COUNTY DIRECTOR 1.50 X 3250 0 0 DAVID WALTHER - HARRISON REMC DIRECTOR 2.25 X 2700 0 0 D'ANN STOUFFER - HEARTLAND REMC DIRECTOR 4.00 X 1800 0 0 DAVE THOMAS - HENDRICKS POWER DIRECTOR 8.00 X 3150 0 0 WALTER HUNTER - JACKSON COUNTY DIRECTOR 3.00 X 2700 0 0 DAVID DUTTLINGER - JASPER COUNTY DIRECTOR 3.20 X 5500 0 0 RONALD SMITHISON - JAY COUNTY DIRECTOR 4.00 X 2250 0 0 SETH BROWN - JCREMC DIRECTOR 8.00 X 3250 0 0 MICHAEL YANKAUSKAS - KANKAKEE VALLE DIRECTOR 8.00 X 3350 0 0 STEVE MINER - KOSCIUSKO REMC DIRECTOR 1.00 X 2700 0 0 JEFF BRILL - LAGRANGE COUNTY REMC DIRECTOR 3.00 X 2700 0 0 TODD SMITH - MIAMI-CASS REMC DIRECTOR 6.00 X 3150 0 0 BRENT CREEK - NEWTON COUNTY DIRECTOR 3.50 X 2700 0 0 CHARLE KENNEDY - NINESTAR CONNECT DIRECTOR 2.00 X 3700 0 0 WILLIAM KNOX - NOBLE REMC DIRECTOR 5.00 X 3150 0 0 DANIEL HOUCHIN - ORANGE COUNTY REMC DIRECTOR 2.00 X 3250 0 0 MICHAEL CARPENTER - PARKE COUNTY RE DIRECTOR 2.50 X 2700 0 0 BRUCE EVERHART - RUSHSHELBY ENERGY DIRECTOR 3.00 X 2700 0 0 BRUCE HAMLIN - SOUTH CENTRAL INDIAN DIRECTOR 1.00 X 3150 0 0 MELISSA MENCHHOFER - SOUTHEASTERN I DIRECTOR 3.00 X 5400 0 0 RANDY KLEAVING -SOUTHERN INDIANA PO DIRECTOR 2.00 X 4950 0 0 MARC NELSON - STEUBEN COUNTY REMC DIRECTOR 4.50 X 3150 0 0 LYNN BECK - TIPMONT DIRECTOR 2.00 X 3600 0 0 MICHAEL WILLIAMS - UDWI DIRECTOR 2.00 X 3150 0 0 DWAINE AKERS - WARREN COUNTY DIRECTOR 0.50 X 1800 0 0 MARK MILLER - WHITEWATER VALLEY REM DIRECTOR 6.00 X 900 0 0 HARLEY DRAKE - WIN ENERGY DIRECTOR 2.00 X 2700 0 0 STEVE MCMICHAEL - PAULDING PUTNAM PRESIDENT 12.00 X X 21670 0 0 RICHARD LEEPER - MARSHALL VICE PRESIDENT 8.00 X X 12100 0 0 JAMEY MARCUM - HENRY SECRETARY/TREASURER 8.00 X X 9450 0 0 JOHN CASSADY CEO 40.00 X 343461 0 284668 DEIRDRE TIERNAN CFO & COO 40.00 X 243474 0 135142 AMANDA BARTH EMPLOYEE 40.00 X 168357 0 85608 MICHAEL CRACIUNOIU EMPLOYEE 40.00 X 166263 0 49929 RYAN HEATER EMPLOYEE 40.00 X 185084 0 85671 CHRIS GEARLD EMPLOYEE 40.00 X 135503 0 71761 RYAN HADLEY EMPLOYEE 40.00 X 146590 0 47179 MARTY JONES EMPLOYEE 40.00 X 133002 0 88544 ADAM LOCK EMPLOYEE 40.00 X 147098 0 65270 GREG PEMBERTON EMPLOYEE 40.00 X 136714 0 58664 JON ELKINS EMPLOYEE 40.00 X 195612 0 116719 2154828 0 1089155 11 1 1 0 NRECA 4301 WILSON BLVD ARLINGTON VA 22203 EMPLOYEE BENEFITS 1551386 ROYAL PRINTING 22 N 1ST ST WOOD RIVER IL 62095 PRINTING SERVICES 504478 VERITIV PUBLISHING 2201 REVES RD 100 PLAINFIELD IN 46168 PRINTING SERVICES 382222 INDIANAPOLIS MARRIOTT 10 S WEST ST INDIANAPOLIS IN 46204 EVENT SERVICES 224416 FEDERATED RURAL ELECTRIC INSURANCE 7725 SRENNER RD SHAWNEE KS 66217 INSURANCE CARRIER 120991 5 MEMBER SERVICES 900099 5313407 5313407 MEM DUES AND ASSESSMENTS 900099 4360433 4360433 REAP PROGRAM 900099 419763 419763 IVY TECH 900099 25848 25848 10119451 6557 6557 138218 138555 -337 -337 -337 DIRECTOR 900099 21455 21455 CALENDAR 900099 20619 20619 ALMANAC 900099 17657 17657 10761 10761 70492 10196163 10119451 0 76712 1160415 1160415 3073671 3073671 792288 792288 867357 867357 305966 305966 63105 63105 201943 201943 32246 32246 48752 48752 65901 65901 132124 132124 519860 519860 156589 156589 203932 203932 363546 363546 59742 59742 PRINTING COSTS 945411 945411 MEALS & ENTERTAINMENT 255404 255404 TELEPHONE & SOFTWARE 158962 158962 TRAINING 115764 115764 589047 589047 10112025 10112025 0 0 695348 1389101 1426808 921958 280110 194117 8911229 1004846 8136486 7906383 158319 165712 5864 5864 10702935 10583135 1113876 858072 3325000 3303921 712550 785495 5151426 4947488 X 0 0 0 0 5551509 5635647 5551509 5635647 10702935 10583135 84138 0 X X 0 1 X 1 0 18000 18000 1 IEC STATE PAC 11805 PENNSYLVANIA ST CARMEL IN 46032 351998089 18000 1763309 1763309 5467875 309875 5158000 1167646 406797 760849 512399 288174 224225 7906383 PROFESSIONAL SERVICE ASSITANCE FUND 119744 AGENTS' FUND 665751 785495 X 10196163 0 10196163 0 10196163 10112025 0 10112025 0 10112025 PART X, LINE 2: ACCOUNTING FOR UNCERTAIN TAX POSITIONS - THE ASSOCIATION FOLLOWS "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES." WHICH PROVIDES DETAILED GUIDANCE FOR THE FINANCIAL STATEMENT RECOGNITION, MEASUREMENT AND DISCLOSURE OF UNCERTAIN TAX POSITIONS RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" 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. THE ADOPTION OF THE ACCOUNTING PRINCIPLE DOES NOT HAVE A MATERIAL EFFECT ON ITS FINANCIAL POSITION, RESULTS OF OPERATIONS OR CASH FLOWS AS THE ASSOCIATION DOES NOT BELIEVE IT IS TAKING ANY UNCERTAIN POSITIONS. 1 X 0 0 0 JOHN CASSADY CEO 343461 0 0 0 0 0 243411 0 41257 0 628129 0 0 0 DEIRDRE TIERNAN CFO & COO 243474 0 0 0 0 0 112586 0 22556 0 378616 0 0 0 JON ELKINS EMPLOYEE 195612 0 0 0 0 0 85794 0 30925 0 312331 0 0 0 RYAN HEATER EMPLOYEE 185084 0 0 0 0 0 44472 0 41199 0 270755 0 0 0 AMANDA BARTH EMPLOYEE 168357 0 0 0 0 0 47331 0 38277 0 253965 0 0 0 MARTY JONES EMPLOYEE 133002 0 0 0 0 0 51169 0 37375 0 221546 0 0 0 MICHAEL CRACIUNOIU EMPLOYEE 166263 0 0 0 0 0 11651 0 38278 0 216192 0 0 0 ADAM LOCK EMPLOYEE 147098 0 0 0 0 0 30287 0 34983 0 212368 0 0 0 CHRIS GEARLD EMPLOYEE 135503 0 0 0 0 0 36405 0 35356 0 207264 0 0 0 GREG PEMBERTON EMPLOYEE 136714 0 0 0 0 0 20698 0 37966 0 195378 0 0 0 RYAN HADLEY EMPLOYEE 146590 0 0 0 0 0 6607 0 40572 0 193769 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS CONSIST OF RURAL ELECTRIC MEMBERSHIP COOPERATIVES LOCATED IN THE STATE OF INDIANA WHO PAY DUES TO THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS HAS THE AUTHORITY TO APPOINT THE CHIEF EXECUTIVE OFFICER POSITION. FORM 990, PART VI, SECTION A, LINE 7B THE ASSOCIATION HAS SUB-COMMITTEES THAT MAKE RECOMMENDATIONS BUT BOARD MEMBERS MUST APPROVE ACTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE EXECUTIVE COMMITTEE BEFORE FILED. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS REVIEWED AT A BOARD MEETING AND ANNUALLY MEMBERS ARE REQUIRED TO SIGN THE POLICY TO ENSURE COMPLIANCE FORM 990, PART VI, SECTION B, LINE 15 A REVIEW IS PERFORMED ANNUALLY FOR THE CEO BY THE BOARD OF DIRECTORS. COMPARABLE DATA FROM THE INDUSTRY AS WELL AS THE INDIANAPOLIS MARKET IS USED TO ANALYZE SALARY LEVELS. AN ANNUAL REVIEW IS ALSO PERFORMED FOR THE CFO AND COMPARABLE DATA IS USED FROM VARIOUS SOURCES, INCLUDING BUT NOT LIMITED TO, VARIOUS COMPENSATION MANUALS. FORM 990, PART VI, SECTION C, LINE 19 TAX RETURNS, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT OUR OFFICE. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES MADE FROM PRIOR YEAR.