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Filing year 2024

SOUTH KENTUCKY RURAL ELECTRIC COOPERATIVE CORPORATION

Somerset, Kentucky·EIN 61-0344362·501(c)(12)
Total revenue
$156.5M
Total assets
$355.1M
Total expenses
$156.5M
Reported officers
16
Mission

PROVIDE ELECTRICITY TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 71,212 CONSUMERS MONTHLY.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 16 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
$388k
$412k
Base
$304k
Bonus
Other
Benefits
$14k
Director of Engineering
Highest Compensated Employee
Median to 75th percentile
$217k
$230k
Base
$153k
Bonus
Other
Benefits
$17k
Construction Crew Foreman
Highest Compensated Employee
Median to 75th percentile
$214k
$227k
Base
$180k
Bonus
Other
Benefits
$6k
Chief Membership Officer
Officer (Unspecified)
$204k
$216k
Base
$142k
Bonus
Other
Benefits
$17k
Chief Legal Officer
Officer (Unspecified)
$198k
$210k
Base
$191k
Bonus
Other
Benefits
$4k
Regional Construction Manager
Highest Compensated Employee
Median to 75th percentile
$194k
$206k
Base
$146k
Bonus
Other
Benefits
$12k
Construction Manager
Highest Compensated Employee
Median to 75th percentile
$192k
$204k
Base
$146k
Bonus
Other
Benefits
$7k
Director of Operations
Median to 75th percentile
$173k
$184k
Base
$151k
Bonus
Other
Benefits
$19k
CFO
Median to 75th percentile
$142k
$151k
Chairperson
Board Chair
Median to 75th percentile
$30k
$32k
Sec/treasurer
Officer (Unspecified)
$28k
$30k
Vice Chairperson
Board Vice Chair
Median to 75th percentile
$26k
$28k
Director
Board Member
Median to 75th percentile
$26k
$27k
Director
Board Member
Median to 75th percentile
$20k
$21k
Director
Board Member
Median to 75th percentile
$18k
$20k
Director
Board Member
Median to 75th percentile
$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.

Held steady
from 2023

From $386k in 2023 to $388k in 2024.

$386k
2023
$388k
2024
In today's dollarsEst.
Down 2% in real terms$421k to $412k

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 27% from 2023 to 2024, while revenue rose 2%.

$306k in 2023 to $388k in 2024.
  • Highest Compensated Employee pay rose 7% from 2023 to 2024.
  • Chief Operating Officer pay rose 6% 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

SOUTH KENTUCKY RURAL ELECTRIC COOPERATIVE CORPORATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$153.5M
$153.5M
2023
$156.5M
$156.5M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about SOUTH KENTUCKY RURAL ELECTRIC COOPERATIVE CORPORATION

What does the Chief Executive Officer of SOUTH KENTUCKY RURAL ELECTRIC COOPERATIVE CORPORATION earn?

In 2024, the Chief Executive Officer of SOUTH KENTUCKY RURAL ELECTRIC COOPERATIVE CORPORATION received $388,206 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 SOUTH KENTUCKY RURAL 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 SOUTH KENTUCKY RURAL ELECTRIC COOPERATIVE CORPORATION falls in the top 10%.

What are SOUTH KENTUCKY RURAL ELECTRIC COOPERATIVE CORPORATION's revenue and expenses?

In 2024, SOUTH KENTUCKY RURAL ELECTRIC COOPERATIVE CORPORATION reported $156.5M in total revenue and $156.5M in total expenses on its IRS Form 990.

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