Nonprofit · EIN 34-0365430
LORAIN-MEDINA RURAL ELECTRIC COOP INC
Tax-exempt · SPENCER, OH 44275
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $53,962,602 | $52,018,238 | $1,944,364 | $135,237,730 | $57,643,365 | $77,594,365 |
| December 31, 2024 | 990 | $50,615,188 | $43,688,290 | $6,926,898 | $122,929,686 | $47,393,693 | $75,535,993 |
| December 31, 2023 | 990 | $49,578,413 | $41,651,270 | $7,927,143 | $113,241,930 | $42,166,930 | $71,075,000 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $52,167,702
- Investment income
- $187,235
- Net gain from sales of assets
- $48,801
- Other revenue
- $1,607,665
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $2,306,932
- Salaries, compensation and benefits (total)
- $1,415,132
- Professional fundraising fees
- $0
- Legal fees
- $15,861
- Accounting fees
- $24,201
- Depreciation
- $4,300,989
- Program services (functional)
- $51,964,636
- Management and general (functional)
- $53,602
Balance sheet and other
- Total assets, start of year
- $122,929,686
- Total assets, end of year
- $135,237,730
- Total liabilities, end of year
- $57,643,365
- Net assets, end of year
- $77,594,365
- Land, buildings and equipment
- $101,278,984
- Gross unrelated business income
- $22,927
- Gross receipts
- $54,060,439
- Employees
- 51
- Volunteers
- 0
- Year formed
- 1936
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| EDWARD VANHOOOSE | CEO Officer | 40 | $277,887 | $97,693 |
| JAMES BRASEE | OPERATIONS MANAGER Highest-paid employee | 40 | $146,538 | $153,258 |
| COLLEEN ANTHONY | ACCOUNTING MANAGER Highest-paid employee | 40 | $131,178 | $108,333 |
| BRAD WARNEMENT | CPE Officer | 40 | $126,062 | $111,288 |
| JAMES SPEARS | FOREMAN Highest-paid employee | 42.41 | $112,424 | $118,108 |
| GERALD WEIDRICK | FOREMAN Highest-paid employee | 40.01 | $112,424 | $106,828 |
| JORDAN HOFFMAN | COO Officer | 40 | $119,581 | $43,043 |
| JOSHUA LONG | CFO Officer | 40 | $116,135 | $31,043 |
| ANDREW RUFFINNG | CAO Officer | 40 | $103,942 | $30,177 |
| JUSTIS CLIFFORD | CSO Officer | 40 | $103,942 | $28,182 |
| MATTHEW FRANKART | CPE Officer | 40 | $103,941 | $9,891 |
| RODNEY EATON | CHAIR Trustee or director, Officer | 4.93 | $18,275 | $0 |
| GARY ROWLAND | VICE CHAIR Trustee or director, Officer | 5.63 | $17,450 | $0 |
| JUDY PICKWORTH | DIRECTOR Trustee or director | 4.89 | $14,875 | $0 |
| JOSEPH SWINKO | DIRECTOR Trustee or director | 7.17 | $12,750 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRENDA WOLFE | SECRETARY Trustee or director, Officer | 3.88 | $11,200 |
| BRADY MCCANN | DIRECTOR Trustee or director | 3.95 | $10,950 |
| KEITH LOWE | TREASURER Trustee or director, Officer | 2.61 | $9,450 |
| RICHARD DUMPERTH | DIRECTOR Trustee or director | 2.77 | $6,750 |
| KENNETH DIEDRICK THRU 0625 | DIRECTOR Trustee or director | 3.01 | $5,950 |
| GARY BRODERICK START 0725 | DIRECTOR Trustee or director | 5.3 | $4,675 |
990 for the year ended December 31, 2024: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| EDWARD VANHOOSE | PRESIDENT/CEO Officer | 50 | $229,069 | $81,356 |
| JAMES BRASEE | OPERATIONS MANAGER Highest-paid employee | 40 | $119,604 | $121,926 |
| BRAD WARNEMENT | CHIEF OPERATING OFFICER Officer | 40 | $113,055 | $110,217 |
| COLLEEN ANTHONY | ACCOUNTING MANAGER Highest-paid employee | 40 | $114,336 | $87,859 |
| MICHAEL KELSEY | LINEMAN Highest-paid employee | 45.96 | $119,314 | $40,808 |
| NICHOLAS SMITH | LINEMAN Highest-paid employee | 46.6 | $117,193 | $36,891 |
| JOEL MILLER | LINEMAN Highest-paid employee | 44.61 | $115,550 | $21,716 |
| JOSHUA LONG | CHIEF FINANCIAL OFFICER Officer | 40 | $95,617 | $16,818 |
| ANDREW RUFFING | CHIEF ADMINISTRATIVE OFFIC Officer | 40 | $79,846 | $25,685 |
| JUSTIS CLIFFORD | CHIEF STRATEGY OFFICER Officer | 40 | $78,806 | $25,542 |
| GARY ROWLAND | VICE CHAIR Trustee or director, Officer | 6.29 | $17,100 | $0 |
| RODNEY EATON | CHAIR Trustee or director, Officer | 5.16 | $17,000 | $0 |
| JUDY PICKWORTH | DIRECTOR Trustee or director | 5.37 | $15,300 | $0 |
| JOSEPH SWINKO | DIRECTOR Trustee or director | 5.38 | $12,325 | $0 |
| KENNETH DIEDRICK | DIRECTOR Trustee or director | 3.32 | $11,900 | $0 |
| BRENDA WOLFE | SECRETARY Trustee or director, Officer | 3.67 | $10,800 | $0 |
| KEITH LOWE | TREASURER Trustee or director, Officer | 2.66 | $9,800 | $0 |
| RICHARD DUMPERTH | DIRECTOR Trustee or director | 3.06 | $7,975 | $0 |
| BRADY MCCANN | DIRECTOR Trustee or director | 0.88 | $4,125 | $0 |
| JAMES MCCONNELL | DIRECTOR Trustee or director | 0.94 | $3,825 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| EDWARD VANHOOSE | PRESIDENT/CEO Officer | 50 | $294,332 | $99,133 |
| JAMES BRASEE | LINEMAN Highest-paid employee | 40.8 | $113,475 | $91,006 |
| COLLEEN ANTHONY | MANAGER OF ACCOUNTING Highest-paid employee | 40 | $142,872 | $54,735 |
| BRAD WARNEMENT | CHIEF OPERATING OFFICER Officer | 44.75 | $104,348 | $91,378 |
| CLINT SLAVEC | LINEMAN Highest-paid employee | 45.83 | $110,069 | $38,333 |
| ASHTIN PLANT | LINEMAN Highest-paid employee | 45.82 | $109,758 | $35,394 |
| JOELL MILLER | LINE FOREMAN Highest-paid employee | 46.28 | $117,008 | $21,842 |
| JUSTIS CLIFFORD | CHIEF STRATEGY OFFICER Officer | 40 | $68,640 | $23,441 |
| ANDREW RUFFING | CHIEF ADMINISTRATIVE OFFICER Officer | 43.31 | $67,667 | $21,427 |
| RODNEY EATON | CHAIR Trustee or director, Officer | 6.09 | $22,525 | $0 |
| GARY ROWLAND | VICE CHAIR Trustee or director, Officer | 6.79 | $17,275 | $0 |
| JUDY PICKWORTH | DIRECTOR Trustee or director | 4.06 | $14,875 | $0 |
| KENNETH DIEDRICK | DIRECTOR Trustee or director | 3.25 | $12,325 | $0 |
| JAMES MCCONNELL | DIRECTOR Trustee or director | 2.3 | $12,275 | $0 |
| KEITH LOWE | TREASURER Trustee or director, Officer | 2.46 | $12,250 | $0 |
| BRENDA WOLFE | SECRETARY Trustee or director, Officer | 3.35 | $11,550 | $0 |
| JOSEPH SWINKO | DIRECTOR Trustee or director | 6.92 | $10,300 | $0 |
| RICHARD DUMPERTH | DIRECTOR Trustee or director | 1.5 | $7,700 | $0 |
Address and contacts
- Address (IRS master file)
- 1 N COOPERATIVE WAY, SPENCER, OH 44275-9568
- Principal officer (990 for 2025)
- EDWARD VANHOOSE, 1 COOPERATIVE WAY, SPENCER, OH 44275
- Signed the 990
- EDWARD VANHOOSE, PRESIDENT/CEO
- Phone
- (440) 647-2133
- Website
- LMRE.ORG
- Return prepared by
- LWGS CPAS & ADVISORS LLC
Mission
TO PROVIDE OUR MEMBER-OWNERS WITH HIGHLY RELIABLE ELECTRIC SERVICE, SUPERIOR CUSTOMER SERVICE AND INNOVATIVE ENERGY SOLUTIONS AT COMPETITIVE PRICES.
Program accomplishments
- PROVIDE ELECTRICITY AND RELATED SERVICES TO MEMBERS.Expenses $51,964,636 · revenue $53,368,034
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 34-0365430
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1938
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $135,237,730
- Income (IRS master file)
- $54,060,439
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $53,962,602 | $52,018,238 | $135,237,730 | IRS |
| 990 | December 2024 | $50,615,188 | $43,688,290 | $122,929,686 | XML |
| 990 | December 2023 | $49,578,413 | $41,651,270 | $113,241,930 | XML |
| 990 | December 2022 | $48,347,059 | $40,980,234 | $106,860,497 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 34-0365430).
Questions about LORAIN-MEDINA RURAL ELECTRIC COOP INC
- What is the EIN of LORAIN-MEDINA RURAL ELECTRIC COOP INC?
- The employer identification number (EIN) of LORAIN-MEDINA RURAL ELECTRIC COOP INC is 34-0365430.
- Is LORAIN-MEDINA RURAL ELECTRIC COOP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1938.
- Are donations to LORAIN-MEDINA RURAL ELECTRIC COOP INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LORAIN-MEDINA RURAL ELECTRIC COOP INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LORAIN-MEDINA RURAL ELECTRIC COOP INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LORAIN-MEDINA RURAL ELECTRIC COOP INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of LORAIN-MEDINA RURAL ELECTRIC COOP INC?
- The 990 for the year ended December 31, 2025 names EDWARD VANHOOSE.
- Who are the officers and directors of LORAIN-MEDINA RURAL ELECTRIC COOP INC?
- The 990 for the year ended December 31, 2025 lists 21 people; 21 received compensation from the organization, the highest $277,887 (EDWARD VANHOOOSE, CEO).
- How much revenue does LORAIN-MEDINA RURAL ELECTRIC COOP INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $53,962,602, expenses of $52,018,238 and total assets of $135,237,730 at year end.
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