Licking Valley Rural Electric Co-op Corporation
501(c)(12)
Only null% goes to programs Strong reserves Growing revenue
Licking Valley Rural Electric Co-op Corporation is a 501(c)(12) organization based in West Liberty, Kentucky, registered in 1943, with $38,656,302 in FY2024 revenue. CharityIndex grades it B.
Po Box 605, West Liberty, KY, 41472 EIN 61-0259922 Since 1943
Revenue (FY2024)
$38.7M
▲ 12.7% vs prior year
Expenses (FY2024)
$38.7M
Net assets
$37.4M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—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 Licking Valley Rural Electric Co-op Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). 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 Licking Valley Rural Electric Co-op Corporation: 12 mo reserves · +0% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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. Not scored for Licking Valley Rural Electric Co-op Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Licking Valley Rural Electric Co-op Corporation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 605, West Liberty, KY, 41472
- City
- West Liberty
- State
- Kentucky
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $31.2M (FY2013) to $38.7M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $49.4MNet assets $37.4M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$86.8M
Total liabilities
$49.4M
Net assets
$37.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $38,656,302▲12.7% | $38,656,302▲12.7% | $37,418,335▼4.3% | $86,809,002▲4.6% | 990 |
| 2023 | $34,304,644▼4.3% | $34,304,644▼4.3% | $39,105,026▼1.7% | $83,028,628▲3.9% | 990 |
| 2022 | $35,858,923▲19.9% | $35,858,923▲19.9% | $39,781,332▲2.2% | $79,923,890▲3.3% | 990 |
| 2021 | $29,906,609▲10.6% | $29,906,609▲10.6% | $38,934,178▲4.9% | $77,334,873▲2.8% | 990 |
| 2020 | $27,046,835▼4.7% | $27,046,835▼4.7% | $37,132,371▲5.9% | $75,203,882▲1.1% | 990 |
| 2019 | $28,384,753▼2.1% | $28,384,753▼2.1% | $35,053,782▲2.9% | $74,369,709▲1.6% | 990 |
| 2018 | $28,991,589▲5.3% | $28,991,589▲5.3% | $34,051,724▲3.5% | $73,203,845▲2.9% | 990 |
| 2017 | $27,520,548▼2.8% | $27,520,548▼2.8% | $32,909,082▲1.9% | $71,110,734▲4.7% | 990 |
| 2016 | $28,309,667▲0.1% | $28,309,667▲0.1% | $32,297,580▲3.0% | $67,943,810▲4.8% | 990 |
| 2015 | $28,277,162▼9.6% | $28,277,162▼9.6% | $31,357,210▲0.7% | $64,831,514▲1.3% | 990 |
| 2014 | $31,269,416▲0.3% | $31,269,416▲0.3% | $31,139,485▲4.7% | $63,979,839▲3.6% | 990 |
| 2013 | $31,167,161 | $31,167,161▲6.6% | $29,745,164▲9.0% | $61,784,498▲4.1% | 990 |
| 2012 | — | $29,236,728▲5.2% | $27,284,145▲6.0% | $59,369,289▲4.6% | 990 |
| 2011 | — | $27,784,310▲1.8% | $25,747,710▲9.2% | $56,756,650▲3.9% | 990 |
| 2010 | — | $27,282,521 | $23,581,498 | $54,632,246 | 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.
Frequently asked questions
- Is Licking Valley Rural Electric Co-op Corporation a legitimate nonprofit?
- Yes. Licking Valley Rural Electric Co-op Corporation is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 61-0259922, based in West Liberty, Kentucky.
- What is Licking Valley Rural Electric Co-op Corporation's EIN?
- Licking Valley Rural Electric Co-op Corporation's Employer Identification Number (EIN) is 61-0259922.
- How much revenue does Licking Valley Rural Electric Co-op Corporation report?
- Licking Valley Rural Electric Co-op Corporation reported $38,656,302 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Licking Valley Rural Electric Co-op Corporation have?
- CharityIndex grades Licking Valley Rural Electric Co-op Corporation B, based on financial health (reserves and operating margin).
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Data for Licking Valley Rural Electric Co-op Corporation (EIN 61-0259922) 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.