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Filing year 2024

SHELBY ENERGY COOPERATIVE

Shelbyville, Kentucky·EIN 61-0337665·501(c)(12)
Total revenue
$56.4M
Total assets
$148.2M
Total expenses
$56.4M
Reported officers
12
Mission

PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. PROVIDE ELECTRIC SERVICE TO OVER 18,040 CONSUMERS MONTHLY.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 12 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
75th to 90th percentile
$260k
$275k
Base
$234k
Bonus
Other
Benefits
$26k
Operations/contract Resour
Highest Compensated Employee
Median to 75th percentile
$211k
$224k
Base
$149k
Bonus
Other
Benefits
$62k
SVP Power Delivery Service
Senior Vice President
25th percentile to median
$180k
$191k
Base
$148k
Bonus
Other
Benefits
$32k
CFO
75th to 90th percentile
$174k
$184k
Base
$148k
Bonus
Other
Benefits
$25k
Line Technician
Highest Compensated Employee
Median to 75th percentile
$167k
$177k
Base
$130k
Bonus
Other
Benefits
$37k
Crew Leader
Highest Compensated Employee
25th percentile to median
$165k
$175k
Base
$132k
Bonus
Other
Benefits
$33k
Director
Board Member
Median to 75th percentile
$17k
$18k
Director
Board Member
25th percentile to median
$16k
$17k
Director
Board Member
25th percentile to median
$16k
$17k
Sec/treas
Officer (Unspecified)
$16k
$17k
Director
Board Member
25th percentile to median
$16k
$17k
Chairman
Board Chair
25th percentile to median
$15k
$16k

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 19%
from 2023

From $219k in 2023 to $260k in 2024.

$219k
2023
$260k
2024
In today's dollarsEst.
Up 15% in real terms$239k to $275k

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 19% from 2023 to 2024, while revenue rose 5%.

$219k in 2023 to $260k in 2024.
  • Highest Compensated Employee pay rose 6% from 2023 to 2024.
  • Senior Vice President pay rose 3% 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

SHELBY ENERGY COOPERATIVE reported revenue and expenses across 2 filing years.

RevenueExpenses
$53.5M
$53.5M
2023
$56.4M
$56.4M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about SHELBY ENERGY COOPERATIVE

What does the Chief Executive Officer of SHELBY ENERGY COOPERATIVE earn?

In 2024, the Chief Executive Officer of SHELBY ENERGY COOPERATIVE received $259,517 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among nonprofits nationwide, across all sectors, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at SHELBY ENERGY COOPERATIVE compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at SHELBY ENERGY COOPERATIVE falls between the 75th and 90th percentiles.

What are SHELBY ENERGY COOPERATIVE's revenue and expenses?

In 2024, SHELBY ENERGY COOPERATIVE reported $56.4M in total revenue and $56.4M in total expenses on its IRS Form 990.

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