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Filing year 2024

SALT RIVER ELECTRIC COOPERATIVE CORPORATION

Bardstown, Kentucky·EIN 61-0329022·501(c)(12)
Total revenue
$137.8M
Total assets
$221M
Total expenses
$137.8M
Reported officers
13
Mission

DISTRIBUTION SALES OF ELECTRICITY ON A PATRONAGE BASIS TO AN AVERAGE OF APPROXIMATELY 56,857 CONSUMERS MONTHLY.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 13 reported individuals · Filing year 2024

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

President & CEO
Above 90th percentile
$440k
$466k
Base
$381k
Bonus
Other
Benefits
$58k
COO
Median to 75th percentile
$204k
$217k
Base
$161k
Bonus
Other
Benefits
$43k
Lineman
Highest Compensated Employee
Median to 75th percentile
$195k
$207k
Base
$160k
Bonus
Other
Benefits
$35k
CFO
75th to 90th percentile
$188k
$199k
Base
$147k
Bonus
Other
Benefits
$42k
Lineman
Highest Compensated Employee
Median to 75th percentile
$188k
$199k
Base
$153k
Bonus
Other
Benefits
$35k
Lineman
Highest Compensated Employee
Median to 75th percentile
$186k
$197k
Base
$152k
Bonus
Other
Benefits
$34k
Lineman
Highest Compensated Employee
Median to 75th percentile
$184k
$195k
Base
$149k
Bonus
Other
Benefits
$34k
Director
Board Member
Median to 75th percentile
$24k
$25k
Secretary
Officer (Unspecified)
$22k
$24k
Treasurer
Officer (Unspecified)
$20k
$22k
Director
Board Member
Median to 75th percentile
$20k
$22k
Vice Chairman
Board Vice Chair
Median to 75th percentile
$20k
$21k
Chairman
Board Chair
25th percentile to median
$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.

Up 5%
from 2023

From $418k in 2023 to $440k in 2024.

$418k
2023
$440k
2024
In today's dollarsEst.
Up 2% in real terms$457k to $466k

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

Chief Executive Officer pay rose 5% from 2023 to 2024, while revenue rose 2%.

$418k in 2023 to $440k in 2024.
  • Chief Operating Officer pay rose 3% from 2023 to 2024.
  • Highest Compensated Employee pay fell 2% 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

SALT RIVER ELECTRIC COOPERATIVE CORPORATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$134.7M
$134.7M
2023
$137.8M
$137.8M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about SALT RIVER ELECTRIC COOPERATIVE CORPORATION

What does the Chief Executive Officer of SALT RIVER ELECTRIC COOPERATIVE CORPORATION earn?

In 2024, the Chief Executive Officer of SALT RIVER ELECTRIC COOPERATIVE CORPORATION received $439,524 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at SALT RIVER ELECTRIC COOPERATIVE CORPORATION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at SALT RIVER ELECTRIC COOPERATIVE CORPORATION falls in the top 10%.

What are SALT RIVER ELECTRIC COOPERATIVE CORPORATION's revenue and expenses?

In 2024, SALT RIVER ELECTRIC COOPERATIVE CORPORATION reported $137.8M in total revenue and $137.8M in total expenses on its IRS Form 990.

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