Kenergy Corp
501(c)(12)
Declining revenue
Kenergy Corp is a 501(c)(12) organization based in Owensboro, Kentucky, registered in 1999, with $376,421,815 in FY2024 revenue.
Po Box 1389, Owensboro, KY, 42302 EIN 61-1345109 Since 1999
Revenue (FY2024)
$376.4M
▲ 8.4% vs prior year
Expenses (FY2024)
$374.6M
Net assets
$90.0M
Employees
134
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
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. Not scored for Kenergy Corp— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
BFinancial health25% of the rating3 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 Kenergy Corp: 3 mo reserves · +0% margin earns a B 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 Kenergy 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 Kenergy Corp: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To provide quality and reliable electric service to members at cost on a cooperative basis.
Contact & location
Financial trends
Revenue declined from $506.9M (FY2013) to $376.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $303.5MNet assets $90.0M
Operating margin
0.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$393.5M
Total liabilities
$303.5M
Net assets
$90.0M
Salaries & benefits
$13.4M
4% of expenses
Board members
11
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $376,421,815▲8.4% | $374,577,439▲7.8% | $90,034,386▲5.6% | $393,530,110▲22.4% | 990 |
| 2023 | $347,286,846▼44.3% | $347,606,641▼44.3% | $85,267,146▼0.6% | $321,555,799▲15.3% | 990 |
| 2022 | $624,047,751▲31.8% | $624,019,806▲31.8% | $85,755,314▲1.8% | $278,992,513▲7.0% | 990 |
| 2021 | $473,591,627▲31.8% | $473,428,740▲31.8% | $84,252,575▲6.5% | $260,651,880▲2.0% | 990 |
| 2020 | $359,241,395▼9.1% | $359,090,088▼9.1% | $79,098,135▲2.4% | $255,635,328▲2.8% | 990 |
| 2019 | $395,124,072▼2.7% | $394,964,455▼2.7% | $77,281,472 | $248,759,515▼2.4% | 990 |
| 2018 | $405,915,148▲11.1% | $405,797,067▲11.1% | $77,300,877▲2.4% | $254,889,322▲0.7% | 990 |
| 2017 | $365,244,488▲5.7% | $365,122,818▲5.7% | $75,463,142▼3.3% | $253,042,171▼2.4% | 990 |
| 2016 | $345,706,723▼8.0% | $345,577,400▼8.0% | $78,039,284▲0.9% | $259,383,430▲4.8% | 990 |
| 2015 | $375,677,491▼20.9% | $375,544,769▼20.9% | $77,367,210▼0.5% | $247,508,405▲0.8% | 990 |
| 2014 | $474,782,068▼6.3% | $474,654,368▼6.3% | $77,721,887▲3.0% | $245,588,599▼4.0% | 990 |
| 2013 | $506,884,479 | $506,758,413▲2.2% | $75,471,639▲5.2% | $255,714,588▲2.2% | 990 |
| 2012 | — | $495,845,248▲16.3% | $71,768,162▲4.1% | $250,298,986▲2.8% | 990 |
| 2011 | — | $426,480,754▲7.6% | $68,964,799▲5.8% | $243,516,186▼0.3% | 990 |
| 2010 | — | $396,322,003 | $65,181,416 | $244,161,829 | 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: Timothy Lindahl — $330,010 (0.09% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Timothy Lindahl | President & Ceo | 59 | $330,010 |
| Rob Stumph | Vp - Engineering | 45 | $232,221 |
| Steve Thompson | Vp - Regulatory/external Affairs | 40 | $219,160 |
| Keith Ellis | Vp - Administrative Services | 50 | $217,466 |
| Matthew Moffitt | Vp - Operations | 56 | $207,063 |
| Travis Siewert | Vp - Finance & Accounting | 45 | $205,598 |
| Michael Church | Operations Manager | 50 | $151,952 |
| Scott Atherton | Field Engineering Manager | 45 | $147,096 |
| Andy Wolford | Technical Services Manager | 50 | $144,915 |
| Casey Baker | Operations Manager | 50 | $144,648 |
| Kevin Holland | Contractor & System Control Manager | 50 | $142,944 |
| Debra Hayden | Executive Asst./assistant Secretary | 40 | $108,747 |
| Larry Elder | Director | 8 | $13,950 |
| William Reid | Chairman | 8 | $13,500 |
| Richard Basham | Director | 10 | $13,050 |
| Susan Blanford | Secretary/treasurer | 3 | $12,450 |
| Ryan Hammack | Director | 9 | $12,000 |
| Craig Roberts | Vice Chairman | 6 | $11,850 |
| Brent Wigginton | Director | 8 | $11,700 |
| Michael Hazelwood | Director | 4.3 | $11,100 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Dycom Industries Inc | Fiber Installations | $24,795,026 |
| Mdr Construction Inc | Fiber Make Ready | $19,540,398 |
| Conexon LLC | Fiber Construction Management | $8,284,837 |
| Vonalas Inc | Fiber Install | $3,174,644 |
| Halter Tree Service Inc | Tree Trimming | $2,654,903 |
Grants received · $40K total
1 grant to Kenergy Corp totaling $40K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Rural Utilities Cooperative Finance Corp | Integrity fund - territory threat | 2015 | $39,759 |
Grants made · $6,080 in FY2024
1 grant totaling $6,080 in FY2024. All grants made by Kenergy Corp →
| Recipient | Purpose | Amount |
|---|---|---|
| Kentucky Baptist Convention | Company match | $6,080 |
Frequently asked questions
- Is Kenergy Corp a legitimate nonprofit?
- Yes. Kenergy Corp is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 61-1345109, based in Owensboro, Kentucky.
- What is Kenergy Corp's EIN?
- Kenergy Corp's Employer Identification Number (EIN) is 61-1345109.
- How much revenue does Kenergy Corp report?
- Kenergy Corp reported $376,421,815 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Kenergy Corp's highest-paid employee make?
- The highest reported compensation on Kenergy Corp's latest Form 990 is $330,010, paid to Timothy Lindahl (President & Ceo).
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Explore more
Data for Kenergy Corp (EIN 61-1345109) 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.