INTER-COUNTY ENERGY COOPERATIVE

EIN: 610235235

DANVILLE, KY

Total Revenue
$70,820,953
Total Expenses
$70,820,953
Total Assets
$155,321,919
Net Assets
$60,618,266
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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
KY
Principal Officer
JERRY W CARTER
Phone
8592364561
Tax Period
2023-01-01 to 2023-12-31

INTER-COUNTY ENERGY COOPERATIVE, founded in 1937, is a mid-sized nonprofit that reported $70.8M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year.

Mission

PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 27,747 CUSTOMERS PER MONTH.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $69,053,265
Investment Income $216,602
Other Revenue $1,551,086
TOTAL REVENUE $70,820,953

Expense Breakdown

Grants Paid $6,000
Salaries & Benefits $8,195,001
Fundraising Expenses $0
Program Expenses $70,820,953
Other Expenses $59,419,482
TOTAL EXPENSES $70,820,953

Year-over-Year Comparison

2023 2022 Change
Revenue $70,820,953 $74,823,291 -0.1%
Expenses $70,820,953 $74,823,291 -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

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Governance

Voting Members
6
Independent Members
6
Employees
65
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
3
$69,134
Total Directors
6
$122,419
Key Employees
1
$269,130
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOE SPALDING CHAIRMAN 7.00
Officer Director
$20,289 $0 $20,289
JASON TODD VICE CHAIRMAN 7.00
Officer Director
$25,644 $0 $25,644
JAMES KEVIN PRESTON SEC/TREAS 6.00
Officer Director
$23,201 $0 $23,201
WILLIAM GOGGIN DIRECTOR 4.00
Director
$18,834 $0 $18,834
WILLIAM PEYTON DIRECTOR 3.00
Director
$15,614 $0 $15,614
LOUIS KERRICK DIRECTOR 4.00
Director
$18,837 $0 $18,837
JERRY CARTER PRESIDENT/CEO 50.00
Key Emp
$229,388 $39,742 $269,130
DAVID PHELPS VP OPERATIONS 48.00
Highest
$162,344 $29,311 $191,655
LORI STOCKER VP, OFFICE SERVICES 45.00
Highest
$123,304 $36,248 $159,552
DAN HITCHCOCK VP, MEMBER SERVICES 45.00
Highest
$137,564 $25,577 $163,141
KASEY WALLS CREW LEADER 61.00
Highest
$123,360 $18,349 $141,709
ALYSSA KURTZ VP OF FINANCE & ADMIN 45.00
Highest
$134,069 $17,205 $151,274
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 No data No data No data No data
2024 No data No data No data No data
2023 $70,820,953 $70,820,953 $155,321,919 No data
2022 $74,823,291 $74,823,291 $149,903,408 No data
2021 $55,946,452 $55,946,452 $143,876,670 No data
2020 $51,368,634 $51,368,634 $140,712,230 No data
2019 $53,654,445 $53,654,445 $134,563,474 No data
2018 $52,965,094 $52,965,094 $131,019,552 No data
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