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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 Salt River Electric Cooperative Corporation

Salt River Electric Cooperative Corporation

Fiscal year ending 2024. Filed on April 29, 2025.

PO Box 609
Bardstown, Kentucky 40004

Salt River Electric Cooperative Corporation (EIN: 61-0329022) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Salt River Electric Cooperative Corporation, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 7 out of 74 total employees. Among the employees shown here, the average compensation is $226,401. The highest compensated employee at Salt River Electric Cooperative Corporation is Tim Sharp with fiscal year 2024 compensation of $439,524.

Revenue, expenses, and employee compensation

Revenue

$137,832,122

Expenses

$137,832,122

Employee compensation

$11,387,864
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Tim Sharp
President and Chief Executive Officer
$439,524
$381,410 No related comp$58,114
Chase Mills
Chief Operating Officer
$204,439
$161,280 No related comp$43,159
William Clements
Lineman
$195,245
$160,435 No related comp$34,810
Jaime Roby
Chief Financial Officer
$188,061
$146,543 No related comp$41,518
Richard Hoops
Lineman
$187,884
$153,311 No related comp$34,573
William Tucker
Lineman
$186,002
$151,579 No related comp$34,423
Damien Ballard
Lineman
$183,653
$149,433 No related comp$34,220

Benchmark Employee Compensation

Non-Employee Board Members

John Hutchins
Director
$23,790
$23,790 No related compNo other comp
George Maddox
Secretary
$22,390
$22,390 No related compNo other comp
Darrell Tingle
Treasurer
$20,400
$20,400 No related compNo other comp
Joseph Osborne
Director
$20,400
$20,400 No related compNo other comp
David Stevens
Vice Chair
$19,800
$19,800 No related compNo other comp
Linda West
Chair
$18,352
$18,352 No related compNo other comp

Contractors

David Elliot Constuction
Line Construction
$1,292,401
Asplundh Tree Expert CO
Tree Trimming
$1,138,618
Country Line Tree Services LLC
Tree Trimming
$1,019,112
M&M Electrical
Line Construction
$753,232
Moore's Tree Service
Tree Trimming
$627,821

Mission Statement

DISTRIBUTION SALES OF ELECTRICITY ON A PATRONAGE BASIS TO AN AVERAGE OF APPROXIMATELY 56,857 CONSUMERS MONTHLY.

Revisions to this organization profile

April 29, 2025:
2024 Salt River Electric Cooperative Corporation 990 filed
May 14, 2024:
2023 Salt River Electric Cooperative Corporation 990 filed
May 15, 2023:
2022 Salt River Electric Cooperative Corporation 990 filed

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