NonprofitsKay Electric Cooperative Incorporate

Kay Electric Cooperative Incorporate

BLACKWELL, OK

Total revenue

$41.9M

Total expenses

$41.8M

Net assets

$51.1M

Grants received

EIN

730308955

Tax year

2024

Mission

To provide reliable electricity to our member/owners at a reasonable cost.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$41.5M
Investment income$285K
Other revenue$177K
Total revenue$41.9M

Expenses

Grants paid$16K
Salaries & benefits$4.3M
Fundraising
Other expenses$34.3M
Total expenses$41.8M
Total assets$108.0M
Net assets$51.1M

People

17 listed

NameRoleCompensation

JASON BOESCH

CHIEF EXECUTIVE OFFICER

Board

$239K

50 hrs/wk

JOSEPH SOULEK

CHIEF OPERATING OFFICER

Board

$127K

51 hrs/wk

VERL BRORSEN

VICE PRESIDENT

Board

$39K

4.3 hrs/wk

MAX HOHMANN

PRESIDENT

Board

$38K

6.27 hrs/wk

DR TIM BLANTON

TRUSTEE

Board

$36K

6.31 hrs/wk

BRADY HOSTETLER

TRUSTEE

Board

$36K

4.09 hrs/wk

JAKE OLSEN

TRUSTEE

Board

$35K

4.81 hrs/wk

MICHAEL LEBEDA

TRUSTEE

Board

$34K

5 hrs/wk

RON SHOFFNER

SECRETARY/TREASURER

Board

$34K

2.89 hrs/wk

CHAD OTTO

TRUSTEE

Board

$33K

4.75 hrs/wk

BART CARDWELL

TRUSTEE

Board

$16K

5.48 hrs/wk

DOUGLAS WORLEY

DIRECTOR OF ENGINEERING

Staff

$170K

44 hrs/wk

DAVID CHILDERS

DIRECTOR OF ACCOUNTING

Staff

$144K

43 hrs/wk

HEATH LAMBERT

DIRECTOR OF OPERATIONS

Staff

$132K

54 hrs/wk

TERRY GRACE

LINE FOREMAN

Staff

$126K

42 hrs/wk

JOEL GARZA

MANAGER OF STAKING

Staff

$120K

43 hrs/wk

JAMES RIGDON

LINE FOREMAN

Staff

$120K

47 hrs/wk

Independent contractors

KC ELECTRIC

POWERLINE CONSTRUCTION

$1.2M

KYLER CONSTRUCTION GROUP LLC

BUILDING RENOVATION

$140K

Details

EIN730308955
Subsection12
Ruling date1941-04
Formed1937
Employees54
Volunteers0
KAY ELECTRIC COOPERATIVE INCORPORATE — Mission, Financials & Grants Received | Grantivo