NonprofitsSouth Kentucky Rural Electric Cooperative Corp

South Kentucky Rural Electric Cooperative Corp

SOMERSET, KY

Total revenue

$156.5M

Total expenses

$156.5M

Net assets

$167.2M

Grants received

EIN

610344362

Tax year

2024

Mission

Provide electricity to member owners on a patronage basis. Serve an average of approximately 71,212 consumers monthly.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$151.8M
Investment income$1.2M
Other revenue$3.5M
Total revenue$156.5M

Expenses

Grants paid$8K
Salaries & benefits$21.0M
Fundraising
Other expenses$137.5M
Total expenses$156.5M
Total assets$355.1M
Net assets$167.2M

People

16 listed

NameRoleCompensation

JOHN NEWTON

PRESIDENT & CEO

Board

$304K

40 hrs/wk

MARK GOSS

CHIEF LEGAL OFFICER

Board

$191K

40 hrs/wk

DOUGLAS HUTTON

CHIEF MEMBERSHIP OFFICER

Board

$142K

40 hrs/wk

CARRIE BESSINGER

CFO

Board

$103K

40 hrs/wk

CATHY EPPERSON

CHAIRPERSON

Board

$21K

6.14 hrs/wk

BORIS HAYNES

SEC/TREASURER

Board

$20K

6.57 hrs/wk

CHARLES HANSFORD

DIRECTOR

Board

$20K

2.64 hrs/wk

JAMES BRENT TACKETT

VICE CHAIRPERSON

Board

$19K

3.95 hrs/wk

THOMAS M NELSON JR

DIRECTOR

Board

$17K

5.26 hrs/wk

GREGORY REDMON

DIRECTOR

Board

$17K

8.65 hrs/wk

WILLIAM ALLEN JR

DIRECTOR

Board

$10K

4.82 hrs/wk

JACK WILLIS

CONSTRUCTION CREW FOREMAN

Staff

$180K

40 hrs/wk

DAKOTA BROWN

DIRECTOR OF ENGINEERING

Staff

$153K

40 hrs/wk

DAVID UPCHURCH JR

DIRECTOR OF OPERATIONS

Staff

$151K

40 hrs/wk

RICKY FLETCHER

REGIONAL CONSTRUCTION MANAGER

Staff

$146K

40 hrs/wk

MARK WILSON

CONSTRUCTION MANAGER

Staff

$146K

40 hrs/wk

Independent contractors

W A KENDALL & CO

ROW SERVICES

$8.7M

DAVIS H ELLIOT INC

ELECTRICAL CONTRACTORS

$2.1M

PHILLIPS TREE EXPERTS

ROW SERVICES

$1.4M

FROST BROWN TODD LLP

LEGAL SERVICES

$349K

ANTHONY WEISS-A CUT ABOVE TREE SERVICE

ROW SERVICES

$276K

Details

EIN610344362
Subsection12
Ruling date1943-03
Formed1938
Employees151
Volunteers0
SOUTH KENTUCKY RURAL ELECTRIC COOPERATIVE CORP — Mission, Financials & Grants Received | Grantivo