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Filing year 2024

BLUE GRASS ENERGY COOPERATIVE CORP

Nicholasville, Kentucky·EIN 43-1948188·NTEE Y22 · Mutual & Membership Benefit·12
Total revenue
$159.6M
Total assets
$320.3M
Total expenses
$159.6M
Reported officers
17
Mission

DISTRIBUTION SALES OF ELECTRICITY ON A PATRONAGE BASIS TO A MONTHLY AVERAGE OF APPROXIMATELY 64,000 CONSUMERS. BLUE GRASS ENERGY'S MISSION IS TO PROVIDE SAFE, RELIABLE, AFFORDABLE ENERGY SERVICES, WHILE IMPROVING THE QUALITY OF LIFE FOR OUR MEMBERS.

Executive compensation, broken down

Form 990 · Schedule J · 17 reported individuals · Filing year 2024

$506k
$537k
Base
$438k
Bonus
Other
Benefits
$69k
Vp-engineering
highest compensated employee
$246k
$261k
Base
$205k
Bonus
Other
Benefits
$41k
Vp-member Services
highest compensated employee
$237k
$252k
Base
$168k
Bonus
Other
Benefits
$69k
Vp-public Relations
highest compensated employee
$217k
$230k
Base
$153k
Bonus
Other
Benefits
$64k
Vp-corporate Service
highest compensated employee
$183k
$195k
Base
$165k
Bonus
Other
Benefits
$19k
Vp-financial Service
officer (unspecified)
$177k
$188k
Base
$136k
Bonus
Other
Benefits
$41k
First Class Line Tech
highest compensated employee
$154k
$163k
Base
$137k
Bonus
Other
Benefits
$17k
Vp-financial Service
officer (unspecified)
$87k
$93k
Base
$76k
Bonus
Other
Benefits
$12k
Former Director
former officer/director/trustee
$36k
$39k
Base
$36k
Bonus
Other
Benefits
Chairman
board chair
$23k
$25k
Sec/treasurer
officer (unspecified)
$22k
$23k
Director
board member
$21k
$22k
Vice Chairman
board vice chair
$21k
$22k
Director
board member
$20k
$21k
Director
board member
$19k
$20k
Director
board member
$19k
$20k
Director
board member
$18k
$19k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Browse compensation in Mutual & Membership Benefit

Down 51%
from 2023

From $1M in 2023 to $506k in 2024.

$1M
2023
$506k
2024
In today's dollarsEst.
Down 52% in real terms$1.1M to $537k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

BLUE GRASS ENERGY COOPERATIVE CORP reported revenue and expenses across 2 filing years.

RevenueExpenses
$151.9M
$151.9M
2023
$159.6M
$159.6M
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Mutual & Membership Benefit executives earn

Comparable mutual & membership benefit organizations nationwide pay their highest-earning executive a median of $19,468.

25th percentile
$6k
Median
$19,468
75th percentile
$79k
90th percentile
$193k

These are mutual & membership benefit sector-wide figures, not this organization's reported pay. Based on 294 organizations across 294 filings (2021 – 2023).

See full Mutual & Membership Benefit compensation data
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