Compensation 990

South Kentucky Rural Electric Cooperative Corporation

Fiscal year ending 2023. Filed on May 13, 2024.

PO Box 910
Somerset, Kentucky 42502

South Kentucky Rural Electric Cooperative Corporation (EIN: 61-0344362) has filed an IRS Form 990 between fiscal years 2016 and 2023. In its fiscal year 2023 IRS Form 990 filing, South Kentucky Rural Electric Cooperative Corporation, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 11 out of 154 total employees. Among the employees shown here, the average compensation is $207,223. The highest compensated employee at South Kentucky Rural Electric Cooperative Corporation is Kenneth Simmons with fiscal year 2023 compensation of $385,538.

Revenue, expenses, and employee compensation

Revenue

$153,526,188

Expenses

$153,526,188

Employee compensation

$20,083,536
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

＋6.2%vs 2022
Kenneth Simmons
Former Chief Executive Officer
$385,538
$306,584 from orgNo related comp$78,954 other
＋8.5%vs 2022
John Newton
COO and CEO
$305,834
$226,851 from orgNo related comp$78,983 other
New in 2023
Shelley Young
Chief Financial Officer
$247,270
$179,098 from orgNo related comp$68,172 other
New in 2023
Mark Goss
Chief Legal Officer
$221,780
$213,153 from orgNo related comp$8,627 other
＋1.7%vs 2022
Dakota Brown
Engineering Director
$201,857
$143,168 from orgNo related comp$58,689 other
＋14.2%vs 2018
Jack Willis
Construction LEAD LINE TECH
$192,203
$154,711 from orgNo related comp$37,492 other
－1.6%vs 2022
Derek Maurath
Construction LEAD LINE TECH
$186,695
$145,474 from orgNo related comp$41,221 other
New in 2023
Gregory Erisman
Construction Manager
$182,124
$142,300 from orgNo related comp$39,824 other
New in 2023
Doug Hutton
Chief of Corporate Relations
$181,401
$128,531 from orgNo related comp$52,870 other
＋4.6%vs 2022
David Upchurch Jr
Operations Director
$162,888
$142,767 from orgNo related comp$20,121 other
New in 2023
Billy Hurd
Former Director
$11,862
$11,862 from orgNo related compNo other comp

Non-Employee Board Members

＋34.4%vs 2022
Boris Haynes
Secretary and Treasurer
$31,877
$31,877 from orgNo related compNo other comp
＋23.9%vs 2022
Cathy Epperson
Chair
$31,617
$31,617 from orgNo related compNo other comp
＋18.4%vs 2022
Brent Tackett
Vice Chair
$24,341
$24,341 from orgNo related compNo other comp
＋11.0%vs 2022
Thomas M Nelson Jr
Director
$23,943
$23,943 from orgNo related compNo other comp
－2.9%vs 2022
Greg Redmon
Director
$20,235
$20,235 from orgNo related compNo other comp
New in 2023
Charles Hansford
Director
$15,527
$15,527 from orgNo related compNo other comp
－60.6%vs 2022
Rick Halloran
Director
$12,879
$12,879 from orgNo related compNo other comp

Mission Statement

PROVIDE ELECTRICITY TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 70,514 CONSUMERS MONTHLY.

Revisions to this organization profile

May 13, 2024:
2023 South Kentucky Rural Electric Cooperative Corporation 990 filed
May 10, 2023:
2022 South Kentucky Rural Electric Cooperative Corporation 990 filed
May 16, 2022:
2021 South Kentucky Rural Electric Cooperative Corporation 990 filed

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