Fleming-mason Energy Cooperative Inc
501(c)(12)
100% goes to programs Strong reserves
Fleming-mason Energy Cooperative Inc is a 501(c)(12) organization based in Flemingsburg, Kentucky, registered in 1942, with $89,938,784 in FY2024 revenue. CharityIndex grades it A+, and it directs about 100% of spending to programs.
Po Box 328, Flemingsburg, KY, 41041 EIN 61-0193917 Since 1942
Revenue (FY2024)
$89.9M
▼ 1.0% vs prior year
Expenses (FY2024)
$89.9M
Net assets
$82.1M
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 Fleming-mason Energy Cooperative Inc: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating11 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 Fleming-mason Energy Cooperative Inc: 11 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 Fleming-mason Energy Cooperative Inc: 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 Fleming-mason Energy Cooperative Inc: 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 25,975.
Contact & location
- Address
- Po Box 328, Flemingsburg, KY, 41041
- City
- Flemingsburg
- State
- Kentucky
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $76.7M (FY2013) to $89.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $71.9MNet assets $82.1M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$154.1M
Total liabilities
$71.9M
Net assets
$82.1M
Salaries & benefits
$6.5M
7% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $89,938,784▼1.0% | $89,938,784▼1.0% | $82,143,001▲4.1% | $154,059,329▲2.0% | 990 |
| 2023 | $90,808,955▼7.5% | $90,808,955▼7.5% | $78,872,700▲1.1% | $151,091,747▲1.6% | 990 |
| 2022 | $98,170,225▲23.5% | $98,170,225▲23.5% | $78,005,090▲6.6% | $148,749,248▲4.3% | 990 |
| 2021 | $79,467,396▲15.2% | $79,467,396▲15.2% | $73,168,092▲5.6% | $142,667,683▲3.9% | 990 |
| 2020 | $68,953,957▼4.2% | $68,953,957▼4.2% | $69,271,576▲4.8% | $137,353,293▲3.4% | 990 |
| 2019 | $71,953,915▼5.7% | $71,953,915▼5.7% | $66,090,702▲4.6% | $132,792,329▲3.3% | 990 |
| 2018 | $76,277,142▲4.2% | $76,277,142▲4.2% | $63,156,786▲7.4% | $128,545,070▲2.0% | 990 |
| 2017 | $73,233,663▼5.1% | $73,233,663▼5.1% | $58,782,130▲4.4% | $126,028,880▲0.4% | 990 |
| 2016 | $77,132,966▲4.8% | $77,132,966▲4.8% | $56,299,265▲9.4% | $125,553,989▲7.1% | 990 |
| 2015 | $73,625,341▼9.0% | $73,625,341▼9.0% | $51,473,851▲10.3% | $117,237,921▲2.2% | 990 |
| 2014 | $80,874,370▲5.5% | $80,874,370▲5.5% | $46,683,420▲9.9% | $114,710,760▲5.1% | 990 |
| 2013 | $76,664,741 | $76,674,741▲4.5% | $42,467,675▲23.4% | $109,184,659▲6.9% | 990 |
| 2012 | — | $73,349,851▼2.4% | $34,405,670▲11.6% | $102,131,897▲5.3% | 990 |
| 2011 | — | $75,141,022▲14.9% | $30,823,070▲18.2% | $96,963,186▲5.0% | 990 |
| 2010 | — | $65,385,746 | $26,085,051 | $92,332,266 | 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: Brandon Hunt — $165,307 (0.18% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Brandon Hunt | Ceo | 40 | $165,307 |
| Cameron Crawford | Construction Foreman | 40 | $148,514 |
| Robert Skaggs | Maintenance Crew Leader | 40 | $139,996 |
| William Hart | 1st Class Lineman | 40 | $132,904 |
| Lauren Fritz | Cfo | 40 | $130,696 |
| Joshua Hamm | 1st Class Lineman | 40 | $129,375 |
| Justin Dailey | 1st Class Lineman | 40 | $123,906 |
| John Roe | Vice-chair | 10 | $18,006 |
| Shane Smoot | Director | 8 | $17,806 |
| Timothy S Eldridge | Director | 5 | $17,806 |
| Rick Hord | Director | 10 | $17,006 |
| Sandina Gooding | Sec/treasurer | 5 | $16,306 |
| Tom Saunders | Chairman | 6 | $16,306 |
| Regina Rose | Director | 8 | $15,806 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Bowlin Group LLC | Linework | $2,002,668 |
| Arborworks LLC | Right of Way | $1,380,326 |
| Mclean Engineering Co Inc | Engineering, Joint-use | $706,642 |
| Meridian Cooperative Inc | Billing Software / Support | $543,649 |
| Protecterrallc | Right of Way Spray | $454,575 |
Frequently asked questions
- Is Fleming-mason Energy Cooperative Inc a legitimate nonprofit?
- Yes. Fleming-mason Energy Cooperative Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 61-0193917, based in Flemingsburg, Kentucky.
- What is Fleming-mason Energy Cooperative Inc's EIN?
- Fleming-mason Energy Cooperative Inc's Employer Identification Number (EIN) is 61-0193917.
- How much revenue does Fleming-mason Energy Cooperative Inc report?
- Fleming-mason Energy Cooperative Inc reported $89,938,784 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Fleming-mason Energy Cooperative Inc's spending goes to programs?
- Fleming-mason Energy Cooperative Inc spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Fleming-mason Energy Cooperative Inc have?
- CharityIndex grades Fleming-mason Energy Cooperative Inc A+, based on program efficiency and fundraising cost.
- How much does Fleming-mason Energy Cooperative Inc's highest-paid employee make?
- The highest reported compensation on Fleming-mason Energy Cooperative Inc's latest Form 990 is $165,307, paid to Brandon Hunt (Ceo).
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Data for Fleming-mason Energy Cooperative Inc (EIN 61-0193917) 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.