NonprofitsPennyrile Rural Electric Cooperative Corporation

Pennyrile Rural Electric Cooperative Corporation

HOPKINSVILLE, KY

Total revenue

$168.6M

Total expenses

$159.0M

Net assets

$157.2M

Grants received

EIN

610305525

Tax year

2024

Mission

Sale of electricity to members.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$159.3M
Investment income$1.9M
Other revenue$7.3M
Total revenue$168.6M

Expenses

Grants paid
Salaries & benefits$9.5M
Fundraising
Other expenses$149.5M
Total expenses$159.0M
Total assets$312.8M
Net assets$157.2M

People

15 listed

NameRoleCompensation

Alan Gates

President/CEO

Board

$391K

65 hrs/wk

Sandy Grogan

Vice President Finance & Accounting

Board

$174K

60 hrs/wk

James Futrell

Board Member

Board

$21K

6.81 hrs/wk

George Fox

Chairman

Board

$21K

6.29 hrs/wk

Robert Allen

Vice Chairman

Board

$20K

6.19 hrs/wk

Bates Payne Jr

Board Member

Board

$19K

5.42 hrs/wk

Bryson Price

Board Member

Board

$19K

5.13 hrs/wk

Duane Moore

Assistant Secretary-Treasurer

Board

$17K

4.52 hrs/wk

Joe E Rogers

Secretary-Treasurer

Board

$17K

4.44 hrs/wk

James W Lear

Board Member

Board

$16K

4.6 hrs/wk

Robert C Standard

Line Foreman

Staff

$226K

80 hrs/wk

William Stokes

VP Operations

Staff

$168K

60 hrs/wk

Brent Gilkey

Vice President Member Services & Communication

Staff

$164K

60 hrs/wk

Philip Adler

Lineman

Staff

$162K

61 hrs/wk

Mark Giltner

Vice President Human Resources

Staff

$160K

60 hrs/wk

Independent contractors

FIBERRISE COMMUNICATIONS INC

FIBER CONTRACTORS

$8.1M

BEAVER TREE SERVICE

RIGHT OF WAY

$1.4M

ITG COMMUNICATIONS LLC

FIBER CONTRACTORS

$690K

QUALITY RESOURCES LLC

ELECTRICAL CONTRACTOR

$654K

NEW VISION COMMUNICATIONS

FIBER CONTRACTORS

$553K

Details

EIN610305525
Subsection12
Ruling date1965-06
Formed1937
Employees114
Volunteers0
PENNYRILE RURAL ELECTRIC COOPERATIVE CORPORATION — Mission, Financials & Grants Received | Grantivo