Cumberland Valley Electric Co-op Corp
501(c)(12)
100% goes to programs Strong reserves Growing revenue
Cumberland Valley Electric Co-op Corp is a 501(c)(12) organization based in Gray, Kentucky, registered in 1943, with $60,174,216 in FY2024 revenue. CharityIndex grades it A, and it directs about 100% of spending to programs.
Po Box 440, Gray, KY, 40734 EIN 61-0169533 Since 1943
Revenue (FY2024)
$60.2M
▲ 0.4% vs prior year
Expenses (FY2024)
$60.2M
Net assets
$61.9M
Employees
52
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 Cumberland Valley Electric Co-op Corp: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating12 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 Cumberland Valley Electric Co-op Corp: 12 mo reserves · +0% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Cumberland Valley Electric Co-op Corp: 5 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 Cumberland Valley Electric Co-op Corp: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Provide electric service to member owners on a patronage basis. serve an average of 24,260 consumers monthly.
Contact & location
Financial trends
Revenue grew from $49.8M (FY2013) to $60.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $61.7MNet assets $61.9M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$123.6M
Total liabilities
$61.7M
Net assets
$61.9M
Salaries & benefits
$7.1M
12% of expenses
Board members
5
5 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $60,174,216▲0.4% | $60,174,216▲0.4% | $61,878,148▲1.1% | $123,580,996▼2.9% | 990 |
| 2023 | $59,924,348▼3.0% | $59,924,348▼3.0% | $61,228,216▲2.5% | $127,328,727▼1.4% | 990 |
| 2022 | $61,782,412▲30.8% | $61,782,412▲30.8% | $59,762,570▲3.5% | $129,197,657▲4.2% | 990 |
| 2021 | $47,250,559▲12.1% | $47,250,559▲12.1% | $57,765,265▲5.2% | $124,042,321▲5.9% | 990 |
| 2020 | $42,164,168▼7.0% | $42,164,168▼7.0% | $54,894,238▲2.6% | $117,084,845▲7.1% | 990 |
| 2019 | $45,359,945▼4.7% | $45,359,945▼4.7% | $53,510,119▲4.7% | $109,287,038▲4.2% | 990 |
| 2018 | $47,614,465▲8.8% | $47,614,465▲8.8% | $51,106,237▲5.8% | $104,901,308▲1.8% | 990 |
| 2017 | $43,756,936▼5.7% | $43,756,936▼5.7% | $48,314,676▲3.4% | $103,007,681▼0.5% | 990 |
| 2016 | $46,394,065▼2.5% | $46,394,065▼2.5% | $46,705,201▲3.8% | $103,510,308▲1.4% | 990 |
| 2015 | $47,584,756▼6.0% | $47,584,756▼6.0% | $45,000,399▲5.0% | $102,082,401▲5.3% | 990 |
| 2014 | $50,600,369▲1.6% | $50,600,369▲1.6% | $42,864,919▲6.9% | $96,904,768▲4.0% | 990 |
| 2013 | $49,799,493 | $49,799,493▲0.7% | $40,094,172▲8.4% | $93,207,169▲8.7% | 990 |
| 2012 | — | $49,457,896▼4.6% | $37,000,392▲6.8% | $85,721,370▲4.5% | 990 |
| 2011 | — | $51,828,095▲8.8% | $34,652,023▲10.6% | $82,033,415▲6.1% | 990 |
| 2010 | — | $47,627,983 | $31,322,996 | $77,308,129 | 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: Ted Hampton — $214,297 (0.36% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Ted Hampton | General Manager | 40 | $214,297 |
| Gary Brock | Serviceman | 72 | $175,845 |
| Robert Tolliver | Office Manager | 40 | $156,640 |
| Danny Hardin | Serviceman | 55 | $148,372 |
| Stephen Hampton | Superintendent | 40 | $147,101 |
| Donald Lawson | Serviceman | 62 | $142,801 |
| Barbara Elliot | Accounting Supervisor | 40 | $139,952 |
| Kevin Moses | Director | 4 | $21,820 |
| James Lewis | Director | 4 | $12,965 |
| Elbert Hampton | Vice Chairman | 2 | $12,000 |
| Lansford Lay | Secretary/treasurer | 3 | $12,000 |
| Vernon Shelley | Chairman | 4 | $12,000 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Phillips Tree Experts | Right of Way Clearing | $1,665,501 |
| Bowlin Group Inc | Line Construction | $1,049,788 |
Frequently asked questions
- Is Cumberland Valley Electric Co-op Corp a legitimate nonprofit?
- Yes. Cumberland Valley Electric Co-op Corp is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 61-0169533, based in Gray, Kentucky.
- What is Cumberland Valley Electric Co-op Corp's EIN?
- Cumberland Valley Electric Co-op Corp's Employer Identification Number (EIN) is 61-0169533.
- How much revenue does Cumberland Valley Electric Co-op Corp report?
- Cumberland Valley Electric Co-op Corp reported $60,174,216 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Cumberland Valley Electric Co-op Corp's spending goes to programs?
- Cumberland Valley Electric Co-op Corp spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Cumberland Valley Electric Co-op Corp have?
- CharityIndex grades Cumberland Valley Electric Co-op Corp A, based on program efficiency and fundraising cost.
- How much does Cumberland Valley Electric Co-op Corp's highest-paid employee make?
- The highest reported compensation on Cumberland Valley Electric Co-op Corp's latest Form 990 is $214,297, paid to Ted Hampton (General Manager).
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Data for Cumberland Valley Electric Co-op Corp (EIN 61-0169533) 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.