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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Kay Electric Cooperative Inc.

Kay Electric Cooperative Inc.

Fiscal year ending 2024. Filed on November 17, 2025.

PO Box 607
Blackwell, Oklahoma 74631

Kay Electric Cooperative Inc. (EIN: 73-0308955) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Kay Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 8 out of 54 total employees. Among the employees shown here, the average compensation is $221,911. The highest compensated employee at Kay Electric Cooperative Inc. is Jason Boesch with fiscal year 2024 compensation of $424,924.

Revenue, expenses, and employee compensation

Revenue

$41,946,996

Expenses

$41,812,032

Employee compensation

$4,308,276
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Jason Boesch
Chief Executive Officer
$424,924
$239,103 No related comp$185,821
Douglas Worley
Engineering Director
$249,631
$170,020 No related comp$79,611
David Childers
Accounting Director
$222,252
$143,627 No related comp$78,625
Heath Lambert
Operations Director
$201,307
$131,638 No related comp$69,669
James Rigdon
Line Foreman
$195,753
$119,540 No related comp$76,213
Joel Garza
Manager of Staking
$175,220
$119,967 No related comp$55,253
Terry Grace
Line Foreman
$160,114
$125,744 No related comp$34,370
Joseph Soulek
Chief Operating Officer
$146,083
$126,955 No related comp$19,128

Benchmark Employee Compensation

Non-Employee Board Members

Verl Brorsen
Vice President
$38,635
$38,635 No related compNo other comp
Max Hohmann
President
$37,567
$37,567 No related compNo other comp
Dr Tim Blanton
Trustee
$36,019
$36,019 No related compNo other comp
Brady Hostetler
Trustee
$35,832
$35,832 No related compNo other comp
Jake Olsen
Trustee
$34,846
$34,846 No related compNo other comp
Michael Lebeda
Trustee
$34,310
$34,310 No related compNo other comp
Ron Shoffner
Secretary and Treasurer
$33,744
$33,744 No related compNo other comp
Chad Otto
Trustee
$33,213
$33,213 No related compNo other comp
Bart Cardwell
Trustee
$15,651
$15,651 No related compNo other comp

Contractors

Kc Electric
Powerline Construction
$1,177,186
Kyler Construction Group LLC
Building Renovation
$139,889

Mission Statement

KAY ELECTRIC COOPERATIVE IS A RURAL ELECTRIC DISTRIBUTION COOPERATIVE ORGANIZED UNDER THE RURAL ELECTRIC COOPERATIVE ACT. OUR MISSION IS TO PROVIDE DEPENDABLE, AFFORDABLE, AND SAFE ELECTRICITY TO OUR MEMBER-OWNERS.

Revisions to this organization profile

November 17, 2025:
2024 Kay Electric Cooperative Inc. 990 filed
November 16, 2024:
2023 Kay Electric Cooperative Inc. 990 filed
November 15, 2023:
2022 Kay Electric Cooperative Inc. 990 filed

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