West Kentucky Rural Electric Cooperative Corporation
501(c)(12)
99% goes to programs Strong reserves Growing revenue
West Kentucky Rural Electric Cooperative Corporation is a 501(c)(12) organization based in Mayfield, Kentucky, registered in 1942, with $109,796,330 in FY2024 revenue. CharityIndex grades it A+, and it directs about 99% of spending to programs.
Po Box 589, Mayfield, KY, 42066 EIN 61-0378848 Since 1942
Revenue (FY2024)
$109.8M
▲ 11.9% vs prior year
Expenses (FY2024)
$107.2M
Net assets
$97.6M
Employees
112
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 rating99% 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 West Kentucky Rural Electric Cooperative Corporation: 99% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating11 mo reserves · +2% 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 West Kentucky Rural Electric Cooperative Corporation: 11 mo reserves · +2% 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 West Kentucky Rural Electric Cooperative Corporation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 West Kentucky Rural Electric Cooperative Corporation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Distribute electricity to cooperative's members at the lowest cost consistent with sound management.
What they do
All other accomplishments: distributed 813,908,306 kilowatt-hours of electric energy to 40,444 members in fy 2023.
Contact & location
Financial trends
Revenue grew from $84.3M (FY2020) to $109.8M (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $95.5MNet assets $97.6M
Operating margin
2.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$193.1M
Total liabilities
$95.5M
Net assets
$97.6M
Salaries & benefits
$10.5M
10% of expenses
Board members
10
10 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $109,796,330▲11.9% | $107,179,509▲10.5% | $97,629,737▲2.8% | $193,146,814▲4.2% | 990 |
| 2023 | $98,162,277▼2.9% | $97,008,607▼3.2% | $94,965,241▲1.8% | $185,438,249▲5.4% | 990 |
| 2022 | $101,104,837▲7.5% | $100,263,599▲12.3% | $93,241,688▲0.9% | $175,980,902▲0.5% | 990 |
| 2021 | $94,020,746▲11.5% | $89,272,702▲9.9% | $92,399,220▲7.1% | $175,044,197▲2.2% | 990 |
| 2020 | $84,297,768 | $81,218,018 | $86,300,036 | $171,247,850 | 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: David Smart — $303,497 (0.28% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| David Smart | President/ceo | 40 | $303,497 |
| Justin Mccann | Vp of Engineering | 40 | $169,490 |
| Heather Foley | Vp of Admin & Finance | 40 | $167,812 |
| William Evans | Vp of Operations | 40 | $156,194 |
| Robert Wicker | Manager of Operations | 40 | $151,232 |
| Jerry Beckley | Vp of Computing & It | 40 | $144,493 |
| Steven Watkins | Journey Lineman | 40 | $136,870 |
| Ryan Morton | Journey Lineman | 40 | $129,509 |
| Kevin England | Journey Lineman | 40 | $128,809 |
| Robert Hargrove | Board President | 5.06 | $16,350 |
| Benny Adair | Board Member | 6.58 | $16,150 |
| Jamie Potts | Board Member | 4.73 | $15,900 |
| Troy English | Board Vice President | 6.59 | $15,700 |
| Mike Burchett | Board Member | 2.31 | $15,450 |
| Kevin Crider | Board Member | 3.56 | $14,000 |
| Jed Clark | Board Member | 3.31 | $13,950 |
| Chad Willett | Board Sec/treas | 3.96 | $13,800 |
| Mark Elliott | Board Member | 3.88 | $13,650 |
| Dennis Barnes | Board Member | 2.85 | $12,900 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Mckenzie Tree Service | Right of Way | $1,168,237 |
| Wa Kendall & Co | Right of Way | $1,145,060 |
| Cruse Powerline Construction | Line Construction | $1,017,056 |
| Xylem Tree Experts | Right of Way | $891,962 |
| Swift Environmental | Underground Line Construction | $547,021 |
Frequently asked questions
- Is West Kentucky Rural Electric Cooperative Corporation a legitimate nonprofit?
- Yes. West Kentucky Rural Electric Cooperative Corporation is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 61-0378848, based in Mayfield, Kentucky.
- What is West Kentucky Rural Electric Cooperative Corporation's EIN?
- West Kentucky Rural Electric Cooperative Corporation's Employer Identification Number (EIN) is 61-0378848.
- How much revenue does West Kentucky Rural Electric Cooperative Corporation report?
- West Kentucky Rural Electric Cooperative Corporation reported $109,796,330 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of West Kentucky Rural Electric Cooperative Corporation's spending goes to programs?
- West Kentucky Rural Electric Cooperative Corporation spends about 99% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does West Kentucky Rural Electric Cooperative Corporation have?
- CharityIndex grades West Kentucky Rural Electric Cooperative Corporation A+, based on program efficiency and fundraising cost.
- How much does West Kentucky Rural Electric Cooperative Corporation's highest-paid employee make?
- The highest reported compensation on West Kentucky Rural Electric Cooperative Corporation's latest Form 990 is $303,497, paid to David Smart (President/ceo).
More nonprofits in Mayfield
Explore more
Data for West Kentucky Rural Electric Cooperative Corporation (EIN 61-0378848) 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.