RushShelby Energy
Legal name: Rushshelby Energy Rural Electric Membership Corporation
Nonprofit profile at a glance
- EIN
- 352068789
- IRS 990 coverage
- 2020–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Manilla, IN, United States
- Phone
- (765) 544-2600; (800) 706-7362
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Public Utilities
Reported finances
- Revenue
- $58,821,331
- Expenses
- $57,314,512
- Assets
- $106,698,265
- Liabilities
- $52,597,301
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- CHRISTOPHER M CHASTAIN (CEO)
Highest reported compensation
- CHRISTOPHER M CHASTAIN (CEO): $325,375 total reported compensation
- DAVID TOLL (VP - MARKETING & MEMBER SE): $227,762 total reported compensation
- TONY ADKINS (LINEMAN - SERVICEMAN): $221,994 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
RushShelby Energy is a distribution electric cooperative providing sales of electricity and related equipment and services to members of our rural electric membership cooperative. The mission of Indiana 2-1-1 is to facilitate connections between people who need human services and those who provide them Resources for utility bill assistance can be found by dialing 2-1-1 Rush County. RushShelby Energy works closely with Community Action (or CAP) agencies, as well as township trustees to obtain assistance for our members who are having difficulties paying their electric bills. EAP is a low-income energy assistance program made available through the Indiana Division of Family and Children. Resources to Help You With Energy Costs RushShelby Energy is aware of the financial hardships many families are facing. There are several resources available to help you pay your energy bills.
What it reported doing in 2024
Distribution of electricity to rural customers
Operating model
- Revenue model
- Earned-program. 97% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 97% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 77
- Accountability: 95
- Sustainability: 49
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 97.3%; rating input score 97
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 2.6%; rating input score 46; 46th percentile among comparable filings
- Total-asset coverage ratio: 1.86; rating input score 61; 61st percentile among comparable filings
- Liabilities to assets ratio: 0.49; rating input score 37; 37th percentile among comparable filings
- Officer compensation ratio: 3%; rating input score 39; 39th percentile among comparable filings
Growth
- Program expense growth: 5.2% per year; rating input score 100; 42nd percentile among comparable filings
- Revenue growth: 5.6% per year; rating input score 100; 48th percentile among comparable filings
- Asset growth: 1.7% per year; rating input score 100; 13th percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 97.3% of revenue deployed · 100% of spending went to programs
- Governance: 9 of 9 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $57.3M in reported program spending
- Leadership: top reported pay $325K · 16 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $5.3M reported
- Consistency: 32 of 32 current checks pass
- Schedules: 6 filed schedules · includes executive pay
- Filing history: 4 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 17 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 46/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- Moderate — Sustainability: Liabilities to assets ratio scored 37/100.
- Moderate — Sustainability: Officer compensation ratio scored 39/100.