Pennyrile Rural Electric Cooperative Corporation
501(c)(12)
Strong reserves Growing revenue
Pennyrile Rural Electric Cooperative Corporation is a 501(c)(12) organization based in Hopkinsville, Kentucky, registered in 1965, with $168,588,866 in FY2024 revenue.
Po Box 2900, Hopkinsville, KY, 42241 EIN 61-0305525 Since 1965
Revenue (FY2024)
$168.6M
▲ 11.5% vs prior year
Expenses (FY2024)
$159.0M
Net assets
$157.2M
Employees
114
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 Pennyrile Rural Electric Cooperative 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 · +6% 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 Pennyrile Rural Electric Cooperative Corporation: 12 mo reserves · +6% 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 Pennyrile Rural Electric Cooperative Corporation: 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 Pennyrile Rural Electric Cooperative Corporation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Sale of electricity to members.
Contact & location
- Address
- Po Box 2900, Hopkinsville, KY, 42241
- City
- Hopkinsville
- State
- Kentucky
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $130.7M (FY2013) to $168.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $155.5MNet assets $157.2M
Operating margin
5.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$312.8M
Total liabilities
$155.5M
Net assets
$157.2M
Salaries & benefits
$9.5M
6% of expenses
Board members
8
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $168,588,866▲11.5% | $159,005,030▲10.1% | $157,238,345▲6.5% | $312,768,756▲1.3% | 990 |
| 2023 | $151,249,772▼1.2% | $144,436,918▼2.0% | $147,578,151▲5.0% | $308,644,525▲5.1% | 990 |
| 2022 | $153,031,041▲8.0% | $147,431,289▲8.5% | $140,489,721▲4.4% | $293,745,572▲7.9% | 990 |
| 2021 | $141,666,611▲5.8% | $135,839,174▲10.3% | $134,519,330▲4.4% | $272,225,368▲4.9% | 990 |
| 2020 | $133,921,505▲3.1% | $123,109,645▼0.8% | $128,890,045▲9.2% | $259,510,087▲5.1% | 990 |
| 2019 | $129,860,794▼3.7% | $124,066,993▼4.4% | $118,068,016▲5.1% | $246,960,400▲6.8% | 990 |
| 2018 | $134,834,235▲1.5% | $129,833,745▲2.3% | $112,305,742▲4.9% | $231,149,738▲1.7% | 990 |
| 2017 | $132,784,180▲5.5% | $126,928,926▲1.4% | $107,086,487▲6.1% | $227,343,801▲0.1% | 990 |
| 2016 | $125,835,662▲2.2% | $125,126,726▲4.7% | $100,977,074▲1.0% | $227,118,619 | 990 |
| 2015 | $123,131,486▼4.4% | $119,539,274▼3.8% | $99,988,817▲3.9% | $227,147,190▲2.7% | 990 |
| 2014 | $128,747,096▼1.5% | $124,275,850▼0.6% | $96,258,357▲4.8% | $221,209,792▲5.6% | 990 |
| 2013 | $130,711,093 | $124,992,596▲5.3% | $91,817,122▲6.9% | $209,453,478▲5.4% | 990 |
| 2012 | — | $118,671,440▲2.2% | $85,911,764▲8.0% | $198,756,227▲6.2% | 990 |
| 2011 | — | $116,148,861▼1.6% | $79,575,676▲7.9% | $187,222,503▲1.7% | 990 |
| 2010 | — | $118,028,536 | $73,730,917 | $184,003,438 | 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: Alan Gates — $390,580 (0.25% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Alan Gates | President/ceo | 65 | $390,580 |
| Robert C Standard | Line Foreman | 80 | $226,093 |
| Sandy Grogan | Vice President Finance & Accounting | 60 | $173,580 |
| William Stokes | Vp Operations | 60 | $167,837 |
| Brent Gilkey | Vice President Member Services & Communication | 60 | $163,958 |
| Philip Adler | Lineman | 61 | $161,955 |
| Mark Giltner | Vice President Human Resources | 60 | $159,998 |
| James Futrell | Board Member | 6.81 | $21,070 |
| George Fox | Chairman | 6.29 | $20,965 |
| Robert Allen | Vice Chairman | 6.19 | $20,415 |
| Bates Payne Jr | Board Member | 5.42 | $19,145 |
| Bryson Price | Board Member | 5.13 | $18,595 |
| Duane Moore | Assistant Secretary-treasurer | 4.52 | $17,495 |
| Joe E Rogers | Secretary-treasurer | 4.44 | $17,326 |
| James W Lear | Board Member | 4.6 | $16,196 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Fiberrise Communications Inc | Fiber Contractors | $8,116,480 |
| Beaver Tree Service | Right of Way | $1,395,557 |
| Itg Communications LLC | Fiber Contractors | $690,272 |
| Quality Resources LLC | Electrical Contractor | $653,737 |
| New Vision Communications | Fiber Contractors | $552,578 |
Frequently asked questions
- Is Pennyrile Rural Electric Cooperative Corporation a legitimate nonprofit?
- Yes. Pennyrile Rural Electric Cooperative Corporation is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 61-0305525, based in Hopkinsville, Kentucky.
- What is Pennyrile Rural Electric Cooperative Corporation's EIN?
- Pennyrile Rural Electric Cooperative Corporation's Employer Identification Number (EIN) is 61-0305525.
- How much revenue does Pennyrile Rural Electric Cooperative Corporation report?
- Pennyrile Rural Electric Cooperative Corporation reported $168,588,866 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Pennyrile Rural Electric Cooperative Corporation's highest-paid employee make?
- The highest reported compensation on Pennyrile Rural Electric Cooperative Corporation's latest Form 990 is $390,580, paid to Alan Gates (President/ceo).
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Data for Pennyrile Rural Electric Cooperative Corporation (EIN 61-0305525) 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.