NonprofitsShelby Energy Cooperative Inc

Shelby Energy Cooperative Inc

SHELBYVILLE, KY

Total revenue

$56.4M

Total expenses

$56.4M

Net assets

$56.9M

Grants received

EIN

610337665

Tax year

2024

Mission

Provide electric service to member owners on a patronage basis. Provide electric service to over 18,040 consumers monthly.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$53.9M
Investment income$207K
Other revenue$2.4M
Total revenue$56.4M

Expenses

Grants paid$6K
Salaries & benefits$3.4M
Fundraising
Other expenses$51.6M
Total expenses$56.4M
Total assets$148.2M
Net assets$56.9M

People

12 listed

NameRoleCompensation

PAT HARGADON

DIRECTOR

Board

$17K

2 hrs/wk

DIANA ARNOLD

DIRECTOR

Board

$16K

2 hrs/wk

JEFFREY JOYCE

DIRECTOR

Board

$16K

2 hrs/wk

ROGER TAYLOR

SEC/TREAS

Board

$16K

2 hrs/wk

WAYNE STRATTON

DIRECTOR

Board

$16K

2 hrs/wk

ASHLEY CHILTON

CHAIRMAN

Board

$15K

2 hrs/wk

JACK BRAGG JR

PRESIDENT & CEO

Staff

$234K

50 hrs/wk

JASON GINN

OPERATIONS/CONTRACT RESOUR

Staff

$149K

50 hrs/wk

MICHAEL MORIARTY

CFO

Staff

$148K

50 hrs/wk

RANDY STEVENS

SVP POWER DELIVERY SERVICE

Staff

$148K

50 hrs/wk

RICHARD SPOONAMORE

CREW LEADER

Staff

$132K

50 hrs/wk

JEFFREY LEA

LINE TECHNICIAN

Staff

$130K

51 hrs/wk

Independent contractors

DAVIS H ELLIOT

DISTRIBUTION PLANT CONSTRUCTION/MAINTENA

$5.1M

WRIGHT TREE SERVICE

ROW CLEARING

$2.0M

WILLLIAM E GROVES

DISTRIBUTION PLANT CONSTRUCTION/MAINTENA

$468K

POWER SYSTEM ENGINEERING INC

ENGINEERING CONSULTANTS

$351K

PROTECTERRA LLC

ROW SPRAYING

$208K

Details

EIN610337665
Subsection12
Ruling date1941-04
Formed1937
Employees41
Volunteers0
SHELBY ENERGY COOPERATIVE INC — Mission, Financials & Grants Received | Grantivo