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Filing year 2024

LICKING VALLEY RURAL ELECTRIC COOPERATIVE CORPORATION

West Liberty, Kentucky·EIN 61-0259922·501(c)(12)
Total revenue
$38.7M
Total assets
$86.8M
Total expenses
$38.7M
Reported officers
15
Mission

PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 17,892 CONSUMERS MONTHLY.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 15 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

General Manager/ceo
Officer (Unspecified)
$182k
$193k
Base
$153k
Bonus
Other
Benefits
$29k
General Superintendent
Highest Compensated Employee
Median to 75th percentile
$167k
$177k
Base
$127k
Bonus
Other
Benefits
$39k
Accountant
Officer (Unspecified)
$156k
$166k
Base
$133k
Bonus
Other
Benefits
$24k
First Class Line Person
Highest Compensated Employee
25th percentile to median
$141k
$150k
Supervisor Row
Highest Compensated Employee
25th percentile to median
$141k
$149k
Supervisor/construction
Highest Compensated Employee
25th percentile to median
$140k
$149k
Supervisor Const
Highest Compensated Employee
25th percentile to median
$135k
$143k
Sec-treasurer
Officer (Unspecified)
$7k
$8k
Director
Board Member
10th to 25th percentile
$4k
$4k
Director
Board Member
10th to 25th percentile
$4k
$4k
Director
Board Member
10th to 25th percentile
$4k
$4k
Director
Board Member
10th to 25th percentile
$4k
$4k
Director
Board Member
10th to 25th percentile
$4k
$4k
President
Below 10th percentile
$4k
$4k
Vice President
10th to 25th percentile
$4k
$4k

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.

Down 25%
from 2023

From $242k in 2023 to $182k in 2024.

$242k
2023
$182k
2024
In today's dollarsEst.
Down 27% in real terms$264k to $193k

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.

Pay for the position

Highest Compensated Employee pay rose 9% from 2023 to 2024, while revenue rose 13%.

$153k in 2023 to $167k in 2024.
  • Board Member pay rose 8% from 2023 to 2024.
  • Vice President pay held roughly steady from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

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

Revenue and expenses over time

LICKING VALLEY RURAL ELECTRIC COOPERATIVE CORPORATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$34.3M
$34.3M
2023
$38.7M
$38.7M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about LICKING VALLEY RURAL ELECTRIC COOPERATIVE CORPORATION

What does the Highest Compensated Employee of LICKING VALLEY RURAL ELECTRIC COOPERATIVE CORPORATION earn?

In 2024, the Highest Compensated Employee of LICKING VALLEY RURAL ELECTRIC COOPERATIVE CORPORATION received $166,600 in total compensation. This pay is above the median (the midpoint) for Highest Compensated Employee roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.

How does Highest Compensated Employee pay at LICKING VALLEY RURAL ELECTRIC COOPERATIVE CORPORATION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Highest Compensated Employee at LICKING VALLEY RURAL ELECTRIC COOPERATIVE CORPORATION falls between the median and the 75th percentile.

What are LICKING VALLEY RURAL ELECTRIC COOPERATIVE CORPORATION's revenue and expenses?

In 2024, LICKING VALLEY RURAL ELECTRIC COOPERATIVE CORPORATION reported $38.7M in total revenue and $38.7M in total expenses on its IRS Form 990.

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