Taylor County Rural Electric Cooperative Corporation is located in Campbellsville, KY. The organization was established in 1940. 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, Taylor County Rural Electric Cooperative Corporation employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Taylor County Rural Electric Cooperative 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, Taylor County Rural Electric Cooperative Corporation generated $57.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $57.0m during the year ending 12/2023. While expenses have increased by 1.9% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DISTRIBUTION SALES OF ELECTRICITY TO A MONTHLY AVERAGE OF APPROXIMATELY 27,841 CONSUMERS ON A PATRONAGE BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION SALES OF ELECTRICITY TO A MONTHLY AVERAGE OF APPROXIMATELY 27,841 CONSUMERS ON A PATRONAGE BASIS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Donald Shuffett Director | Trustee | 2 | $40,336 |
Chad Taylor President | OfficerTrustee | 5 | $22,025 |
Chris Tucker Vice-President | OfficerTrustee | 4 | $23,900 |
Bradley Irvin Treasurer | OfficerTrustee | 3 | $21,100 |
Raymond Rucker Director | Trustee | 2 | $32,761 |
Greg Corbin Director | Trustee | 5 | $19,800 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Wa Kendall & Company Llc Right Of Way | 12/30/23 | $3,156,376 |
Nelson Tree Service Right Of Way | 12/30/23 | $1,673,097 |
Phase Iii Construction Inc Line Construction | 12/30/23 | $1,025,280 |
Davey Resource Group Inc Gps/pole Tag System | 12/30/23 | $496,741 |
Ground Solutions Right Of Way | 12/30/23 | $209,890 |
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 | $55,723,020 |
Investment income | $29,938 |
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 | $57,000,482 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | -$7,200,749 |
Compensation of current officers, directors, key employees. | $437,424 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $4,558,314 |
Pension plan accruals and contributions | $543,664 |
Other employee benefits | $1,085,146 |
Payroll taxes | $361,682 |
Fees for services: Management | $0 |
Fees for services: Legal | $50,262 |
Fees for services: Accounting | $20,300 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $298,955 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $1,834,092 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $3,536,300 |
Insurance | $290,754 |
All other expenses | -$6,083,678 |
Total functional expenses | $57,000,482 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,825,592 |
Savings and temporary cash investments | $1,176,236 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,350,984 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $1,470,220 |
Prepaid expenses and deferred charges | $240,045 |
Net Land, buildings, and equipment | $70,003,492 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $34,531,072 |
Intangible assets | $0 |
Other assets | $174,690 |
Total assets | $110,772,331 |
Accounts payable and accrued expenses | $2,285,484 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $40,098,157 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $7,099,569 |
Total liabilities | $49,483,210 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $240,566 |
Retained earnings, endowment, accumulated income, or other funds | $61,048,555 |
Total liabilities and net assets/fund balances | $110,772,331 |