BLUE GRASS ENERGY COOPERATIVE CORP (EIN 431948188) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1937

Legal Domicile

Principal Officer

LAUREN LOGAN

Phone

8598854191

Tax Period

2025-01-01 to 2025-12-31

BLUE GRASS ENERGY COOPERATIVE CORP, founded in 1937, is a major nonprofit in the Mutual Benefit sector that reported $176.7M in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

SINCE 1937, BLUE GRASS ENERGY HAS BEEN MAKING LIFE BETTER, THE COOPERATIVE WAY, FOR OUR MEMBERS AND COMMUNITIES BY PROVIDING SAFE, RELIABLE, AND AFFORDABLE ENERGY SERVICES. ELECTRICITY IS DELIVERED ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. TODAY, BLUE GRASS ENERGY SERVES APPROXIMATELY 65,000 CONSUMERS IN 23 KENTUCKY COUNTIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $168,898,470

Investment Income $163,481

Other Revenue $7,590,571

TOTAL REVENUE $176,652,522

Expense Breakdown

Grants Paid $15,000

Salaries & Benefits $13,593,883

Fundraising Expenses $0

Program Expenses $176,652,522

Other Expenses $154,437,679

TOTAL EXPENSES $176,652,522

Year-over-Year Comparison

	2025	2024	Change
Revenue	$176,652,522	$159,627,024	+0.1%
Expenses	$176,652,522	$159,627,024	+0.1%
Net Income	$0	$0	N/A

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

101

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$764,908

Total Directors

$188,951

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS MONEYHON	SECRETARY	8.30	Officer Director	$22,500	$0	$22,500
GARY KELLER	VICE CHAIRMAN	7.70	Officer Director	$19,200	$0	$19,200
JODY HUGHES	DIRECTOR	6.60	Director	$17,700	$0	$17,700
PAUL TUCKER	DIRECTOR	7.90	Director	$20,100	$0	$20,100
DOUG FRITZ	DIRECTOR	8.90	Director	$20,100	$0	$20,100
RICHARD COBB IV	DIRECTOR	7.10	Director	$19,200	$0	$19,200
LU YOUNG	CHAIR	5.40	Officer Director	$21,000	$0	$21,000
JANE SMITH	DIRECTOR	0.60	Director	$49,151	$0	$49,151
MICHAEL WILLIAMS	PRESIDENT/CEO	50.00	Officer	$455,537	$30,984	$486,521
LAUREN LOGAN	VP-FINANCIAL SERVICE/CFO	50.00	Officer	$147,233	$68,454	$215,687
BEONKA STOCKTON	VP-CORPORATE SERVICE	50.00	Highest	$176,258	$20,862	$197,120
DENISE MYERS	VP-COMMUNITY RELATIONS	50.00	Highest	$160,385	$44,481	$204,866
TREVOR JOHNSON	CREW CHIEF	50.00	Highest	$146,267	$52,868	$199,135
BOBBY MCCOUN	VP-MEMBER SERVICES	50.00	Highest	$175,105	$75,334	$250,439
ROBERT C BREWER JR	VP-ENGINEERING	50.00	Highest	$209,163	$44,937	$254,100

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$176,652,522	$176,652,522	$330,664,501	No data
2024	$159,627,024	$159,627,024	$320,348,732	No data
2023	$151,939,523	$151,939,523	$315,283,837	No data
2022	$163,075,358	$163,075,358	$305,801,018	No data
2021	$133,079,977	$133,079,977	$301,008,749	No data
2020	$122,260,652	$122,260,652	$281,113,863	No data
2019	$132,758,328	$132,758,328	$276,478,331	No data
2018	$139,191,815	$139,191,815	$264,010,337	No data

BLUE GRASS ENERGY COOPERATIVE CORP