Licking Valley Rural Electric Co-Op Corporation

Organization Overview

Licking Valley Rural Electric Co-Op Corporation is located in West Liberty, KY. The organization was established in 1943. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Licking Valley Rural Electric Co-Op Corporation employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Licking Valley Rural Electric Co-Op Corporation is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.

For the year ending 12/2023, Licking Valley Rural Electric Co-Op Corporation generated $34.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $34.3m during the year ending 12/2023. While expenses have increased by 2.2% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 17,728 CONSUMERS MONTHLY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 17,728 CONSUMERS MONTHLY.


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Board, Officers & Key Employees

Name (title)Compensation
Darrell Cundiff
President
$3,600
Ted Holbrook
Vice President
$3,600
Tommy Hill
Sec-Treasurer
$7,200
Philip Williams
Director
$3,600
J Frank Porter
Director
$3,600
Kevin Howard
Director
$3,600

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Bmc Contracting Llc
Right Of Way
$2,218,549
High Line Services Llc
Line Construction
$704,865
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$33,432,950
Investment income $51,360
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $34,304,644

Peer Organizations

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Southeastern Illinois Electric
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$88,029,423
A & N Electric Cooperative
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$86,304,717
Fort Loudoun Electric Cooperative
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$82,796,643
Tipmont Rural Electric Membership Corporation
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Ozark Electric Cooperative
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$76,057,964
Western Indiana Energy Rural Electric Membership Corporation
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$76,031,018
Pioneer Rural Electric Cooperative Inc
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$75,418,373
Laclede Electric Cooperative
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$74,741,807

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