NonprofitsSouth Central Power Company

South Central Power Company

LANCASTER, OH

Total revenue

$391.8M

Total expenses

$391.8M

Net assets

$355.2M

Grants received

EIN

314311730

Tax year

2024

Mission

To provide quality and reliable electric service to members at cost on a cooperative basis.

Programs

1 program

Security division:providing security services to our members on a cooperative basis. When cumulative margins derived from member subscriber sales of security services exceed cumulative net losses from such sales, the cooperative will allocate patronage capital to the member subscribers. There were 1,676 active subscribers at year end.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$387.3M
Investment income$745K
Other revenue$3.7M
Total revenue$391.8M

Expenses

Grants paid$21K
Salaries & benefits$29.4M
Fundraising
Other expenses$345.0M
Total expenses$391.8M
Total assets$903.7M
Net assets$355.2M

People

23 listed

NameRoleCompensation

RICHARD LEMONDS

PRESIDENT/CEO

Board

$1.7M

45 hrs/wk

ALLISON SAFFLE

CHIEF FINANCIAL OFFICER

Board

$310K

45 hrs/wk

DON FRANK

TREASURER

Board

$39K

10 hrs/wk

REED BAILEY

ASST TREASURER

Board

$37K

10 hrs/wk

ALAN GABRIEL

ASST SECRETARY

Board

$36K

12 hrs/wk

JAMES EVANS

TRUSTEE

Board

$33K

4 hrs/wk

STEPHEN JOHNSON

TRUSTEE

Board

$33K

5 hrs/wk

KENNETH DAVIS

CHAIRMAN

Board

$32K

10 hrs/wk

THOMAS LAMB

SECRETARY

Board

$29K

5 hrs/wk

HAROLD COOPER

VICE CHAIRMAN

Board

$29K

4 hrs/wk

FRANKLIN LUCAS

TRUSTEE

Board

$28K

10 hrs/wk

MICHAEL VINKA

TRUSTEE

Board

$27K

5 hrs/wk

MIKE HUMMEL

ASST VICE CHAIRMAN

Board

$27K

5 hrs/wk

THOMAS MUSICK

VP ENGINEERING/BROADBAND

Staff

$353K

40 hrs/wk

CHRISTOPHER HALL

VP OPERATIONS

Staff

$231K

40 hrs/wk

BRYAN BARKER

SAFETY & ENVIRONMENTAL CONTROL MGR

Staff

$212K

40 hrs/wk

KYLE VERRETT

VP LEGAL & RISK MANAGEMENT

Staff

$204K

50 hrs/wk

THOMAS SESTITO

LINE SERVICER

Staff

$188K

40 hrs/wk

KYLE HEAVRIN

VP MEMBER SERVICES

Staff

$187K

40 hrs/wk

ANTHONY FOWLER

LINE SERVICER

Staff

$184K

40 hrs/wk

BENJAMIN JONES

LINE SERVICER

Staff

$177K

40 hrs/wk

CURTIS BLASE

LINE SERVICER

Staff

$176K

40 hrs/wk

AMY PALMER

VP HUMAN RESOURCES

Staff

$158K

40 hrs/wk

Independent contractors

WOLF LINE CONSTRUCTION

CONSTRUCTION

$21.7M

NEW RIVER ELECTRICAL CORPORATION

CONSTRUCTION

$7.9M

DAVIS H ELLIOT COMPANY INC

ROW CLEARING

$7.9M

PENN LINE SERVICE INC

ROW CLEARING

$6.1M

THAYER POWER AND COMMUNICATION

CONSTRUCTION

$5.9M

Details

EIN314311730
Subsection12
Ruling date1937-12
Formed1936
Employees304
Volunteers0
SOUTH CENTRAL POWER COMPANY — Mission, Financials & Grants Received | Grantivo