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Lorain-Medina Rural Electric COOP INC

501(c)
DBA: INC
Other · SPENCER, OH · EIN 34-0365430

About

To provide our member-owners with highly reliable electric service, superior customer service and innovative energy solutions at competitive prices.

DBA INC

Donations are NOT tax-deductible
Category
Other
Employees
49
Volunteers
0

Financial Snapshot

FY ending 2024-12-31
Revenue
$50.6M
Expenses
$43.7M
Assets
$122.9M
Liabilities
$47.4M

Financial history

$50.6M$25.3M$0
192021222324
RevenueExpenses
Latest FY2024: $50.6M · Avg: $46.6M
LORAIN-MEDINA RURAL ELECTRIC COOP INC
Your actions

Address

1 N Cooperative Way
Spencer, OH, 44275-956

Governance

Voting board members9
Independent members9
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyNo
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Used comp surveyYes
Board approved compYes
Public records
ProPublica Nonprofit Explorer
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
These open in a new tab. AllCiv doesn't host filings directly — these are the authoritative public-record sources.