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Filing year 2024

SOUTH KENTUCKY RURAL ELECTRIC COOPERATIVE CORPORATION

Somerset, Kentucky·EIN 61-0344362·12
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 · Schedule J · 16 reported individuals · Filing year 2024

$388k
$412k
Base
$304k
Bonus
Other
Benefits
$14k
Director of Engineering
highest compensated employee
$217k
$230k
Base
$153k
Bonus
Other
Benefits
$17k
Construction Crew Foreman
highest compensated employee
$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
$194k
$206k
Base
$146k
Bonus
Other
Benefits
$12k
Construction Manager
highest compensated employee
$192k
$204k
Base
$146k
Bonus
Other
Benefits
$7k
Director of Operations
$173k
$184k
Base
$151k
Bonus
Other
Benefits
$19k
Chairperson
board chair
$30k
$32k
Sec/treasurer
officer (unspecified)
$28k
$30k
Vice Chairperson
board vice chair
$26k
$28k
Director
board member
$26k
$27k
Director
board member
$20k
$21k
Director
board member
$18k
$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.

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.

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.
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