Compensation 990

South Kentucky Rural Electric Cooperative Corporation

Fiscal year ending 2021. Filed on May 16, 2022.

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 2021 IRS Form 990 filing, South Kentucky Rural Electric Cooperative Corporation, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 9 out of 146 total employees. Among the employees shown here, the average compensation is $183,176. The highest compensated employee at South Kentucky Rural Electric Cooperative Corporation is Kenneth Simmons with fiscal year 2021 compensation of $336,990.

Revenue, expenses, and employee compensation

Revenue

$141,398,452

Expenses

$141,398,452

Employee compensation

$17,550,554
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

＋1.0%vs 2020
Kenneth Simmons
President and Chief Executive Officer
$336,990
$249,716 from orgNo related comp$87,274 other
＋8.3%vs 2020
John Newton
Chief Operating Officer
$255,221
$186,613 from orgNo related comp$68,608 other
＋7.6%vs 2020
Michelle Herrman
Vice President, Finance
$240,828
$181,304 from orgNo related comp$59,524 other
＋14.4%vs 2020
Dakota Brown
Engineering MGR
$179,685
$132,670 from orgNo related comp$47,015 other
New in 2021
Derek Maurath
LEAD LINE Technician
$171,623
$132,761 from orgNo related comp$38,862 other
＋7.3%vs 2020
Brian Taylor
Construction MGR
$162,109
$141,526 from orgNo related comp$20,583 other
New in 2021
Nicholas Jones
LINE Technician
$156,995
$124,649 from orgNo related comp$32,346 other
－4.4%vs 2018
Mitchell Staton
Construction MGR
$137,519
$129,071 from orgNo related comp$8,448 other
New in 2021
James Beard
Former Sec/Treasurer
$7,614
$7,614 from orgNo related compNo other comp

Non-Employee Board Members

＋57.4%vs 2020
Boris Haynes
Secretary and Treasurer
$27,184
$27,184 from orgNo related compNo other comp
＋30.1%vs 2020
Cathy Epperson
Chair
$24,302
$24,302 from orgNo related compNo other comp
＋23.3%vs 2020
Brent Tackett
Director
$23,035
$23,035 from orgNo related compNo other comp
＋20.1%vs 2020
Rick Halloran
Director
$22,194
$22,194 from orgNo related compNo other comp
＋29.2%vs 2020
Billy Hurd
Vice Chair
$21,869
$21,869 from orgNo related compNo other comp
－0.5%vs 2020
Greg Redmon
Director
$19,238
$19,238 from orgNo related compNo other comp
New in 2021
Thomas M Nelson Jr
Director
$18,458
$18,458 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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