Bluegrass Energy Cooperative Corp
100% goes to programs Strong reserves Growing revenue
Bluegrass Energy Cooperative Corp is a 501(c)(12) organization based in Nicholasville, Kentucky, registered in 2002, with $159,627,024 in FY2024 revenue. CharityIndex grades it A+, and it directs about 100% of spending to programs.
Po Box 990, Nicholasville, KY, 40340 EIN 43-1948188 Since 2002
Revenue (FY2024)
$159.6M
▲ 5.1% vs prior year
Membership median: $185K
Expenses (FY2024)
$159.6M
Net assets
$170.0M
Employees
107
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating100% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Bluegrass Energy Cooperative Corp: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating13 mo reserves · +0% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Bluegrass Energy Cooperative Corp: 13 mo reserves · +0% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Bluegrass Energy Cooperative Corp: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Bluegrass Energy Cooperative Corp: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Since 1937, blue grass energy has been making life better, the cooperative way, for our members and communities by providing safe, reliable, and affordable energy services. electricity is delivered on a cooperative basis through the allocation of patronage capital. today, blue grass energy serves approximately 64,000 consumers in 23 kentucky counties.
Contact & location
- Address
- Po Box 990, Nicholasville, KY, 40340
- City
- Nicholasville
- State
- Kentucky
- Category
- Mutual & Membership Benefit
- Subcategory
- Insurance Providers
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $136.4M (FY2013) to $159.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $150.4MNet assets $170.0M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$320.3M
Total liabilities
$150.4M
Net assets
$170.0M
Salaries & benefits
$13.3M
8% of expenses
Board members
8
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $159,627,024▲5.1% | $159,627,024▲5.1% | $169,980,026▲0.1% | $320,348,732▲1.6% | 990 |
| 2023 | $151,939,523▼6.8% | $151,939,523▼6.8% | $169,861,729▲1.9% | $315,283,837▲3.1% | 990 |
| 2022 | $163,075,358▲22.5% | $163,075,358▲22.5% | $166,736,841▲4.7% | $305,801,018▲1.6% | 990 |
| 2021 | $133,079,977▲8.8% | $133,079,977▲8.8% | $159,238,594▲3.5% | $301,008,749▲7.1% | 990 |
| 2020 | $122,260,652▼7.9% | $122,260,652▼7.9% | $153,867,967▲6.3% | $281,113,863▲1.7% | 990 |
| 2019 | $132,758,328▼4.6% | $132,758,328▼4.6% | $144,689,729▲5.8% | $276,478,331▲4.7% | 990 |
| 2018 | $139,191,815▲11.1% | $139,191,815▲11.1% | $136,752,777▲9.1% | $264,010,337▲2.9% | 990 |
| 2017 | $125,326,693▼6.2% | $125,326,693▼6.2% | $125,291,594▲5.7% | $256,481,128 | 990 |
| 2016 | $133,679,473▲1.7% | $133,679,473▲1.7% | $118,561,488▲11.1% | $256,446,541▲1.5% | 990 |
| 2015 | $131,431,510▼6.2% | $131,431,510▼6.2% | $106,683,556▲8.5% | $252,772,930▲3.5% | 990 |
| 2014 | $140,049,247▲2.6% | $140,049,247▲2.6% | $98,296,320▲11.1% | $244,283,354▲4.0% | 990 |
| 2013 | $136,449,557 | $136,449,557▲8.8% | $88,475,697▲11.7% | $234,973,051▲6.5% | 990 |
| 2012 | — | $125,456,551▼3.0% | $79,217,359▲23.4% | $220,730,996▲5.7% | 990 |
| 2011 | — | $129,365,755▲12.2% | $64,220,862▲19.9% | $208,826,018▲6.4% | 990 |
| 2010 | — | $115,266,347 | $53,550,739 | $196,335,955 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Michael Williams — $437,542 (0.27% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Michael Williams | President/ceo | 50 | $437,542 |
| Robert C Brewer Jr | Vp-engineering | 50 | $205,035 |
| Bobby Mccoun | Vp-member Services | 50 | $168,197 |
| Beonka Stockton | Vp-corporate Service | 50 | $164,919 |
| Denise Myers | Vp-public Relations | 50 | $153,075 |
| Wesley Wade | First Class Line Tech | 50 | $137,199 |
| Lauren Logan | Vp-financial Service | 50 | $136,268 |
| Charles G Williamson III | Vp-financial Service | 50 | $75,700 |
| Brad Marshall | Former Director | 0 | $36,368 |
| Dennis Moneyhon | Chairman | 7.9 | $23,100 |
| Jane Smith | Sec/treasurer | 8 | $21,900 |
| Richard Cobb IV | Director | 9 | $21,000 |
| Gary Keller | Vice Chairman | 9.2 | $20,700 |
| Doug Fritz | Director | 8.4 | $20,100 |
| Lu Young | Director | 5.6 | $18,900 |
| Paul Tucker | Director | 8.6 | $18,600 |
| Jody Hughes | Director | 6.2 | $17,700 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Davis H Elliott | Line Construction and Repair | $4,902,634 |
| Wa Kendall | Right of Way Maintenance | $1,837,154 |
| Wright Tree Service | Right of Way Maintenance | $1,787,554 |
| Mclean Engineering | Pole Attachment Engineering | $1,522,447 |
| Arborworks LLC | Right of Way Maintenance | $1,465,771 |
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Compare Bluegrass Energy Cooperative Corp
Frequently asked questions
- Is Bluegrass Energy Cooperative Corp a legitimate nonprofit?
- Yes. Bluegrass Energy Cooperative Corp is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 43-1948188, based in Nicholasville, Kentucky.
- What is Bluegrass Energy Cooperative Corp's EIN?
- Bluegrass Energy Cooperative Corp's Employer Identification Number (EIN) is 43-1948188.
- How much revenue does Bluegrass Energy Cooperative Corp report?
- Bluegrass Energy Cooperative Corp reported $159,627,024 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Bluegrass Energy Cooperative Corp's spending goes to programs?
- Bluegrass Energy Cooperative Corp spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Bluegrass Energy Cooperative Corp have?
- CharityIndex grades Bluegrass Energy Cooperative Corp A+, based on program efficiency and fundraising cost.
- How much does Bluegrass Energy Cooperative Corp's highest-paid employee make?
- The highest reported compensation on Bluegrass Energy Cooperative Corp's latest Form 990 is $437,542, paid to Michael Williams (President/ceo).
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Data for Bluegrass Energy Cooperative Corp (EIN 43-1948188) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.