LICKING VALLEY RURAL ELECTRIC COOPERATIVE CORPORATION (EIN 610259922) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1940

Legal Domicile

Principal Officer

JOHN MAY

Phone

6067433179

Tax Period

2025-01-01 to 2025-12-31

LICKING VALLEY RURAL ELECTRIC COOPERATIVE CORPORATION, founded in 1940, is a mid-sized nonprofit that reported $42.3M in total revenue in fiscal year 2025. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 17,955 CONSUMERS MONTHLY.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $40,755,914

Investment Income $208,299

Other Revenue $1,382,871

TOTAL REVENUE $42,347,084

Expense Breakdown

Grants Paid $6,000

Salaries & Benefits $5,703,476

Fundraising Expenses $0

Program Expenses $42,347,084

Other Expenses $35,931,435

TOTAL EXPENSES $42,347,084

Year-over-Year Comparison

	2025	2024	Change
Revenue	$42,347,084	$38,656,302	+0.1%
Expenses	$42,347,084	$38,656,302	+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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

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

$367,475

Total Directors

$32,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARRELL CUNDIFF	PRESIDENT	5.00	Officer Director	$3,600	$0	$3,600
TED HOLBROOK	VICE PRESIDENT	5.00	Officer Director	$3,600	$0	$3,600
TOMMY HILL	SEC-TREASURER	5.00	Officer Director	$7,200	$0	$7,200
PHILIP WILLIAMS	DIRECTOR	5.00	Director	$3,900	$0	$3,900
J FRANK PORTER	DIRECTOR	5.00	Director	$3,600	$0	$3,600
KEVIN HOWARD	DIRECTOR	5.00	Director	$3,600	$0	$3,600
ALAN OLDFIELD	DIRECTOR	5.00	Director	$3,600	$0	$3,600
CK STACY	DIRECTOR	5.00	Director	$3,600	$0	$3,600
KERRY K HOWARD	GENERAL MANAGER/CEO	40.00	Officer	$158,530	$29,461	$187,991
SANDRA BRADLEY	ACCOUNTANT	40.00	Officer	$139,855	$25,229	$165,084
PEYTON LOUDERMILK	SUPERVISOR/CONSTRUCTION	40.00	Highest	$117,092	$36,229	$153,321
CHRISTOPHER J MURPHY	GENERAL SUPERINTENDENT	40.00	Highest	$140,213	$41,301	$181,514
JAMES R HINTON	SUPERVISOR ROW	40.00	Highest	$113,345	$36,453	$149,798
LEROY PHIPPS	FIRST CLASS LINE PERSON	40.00	Highest	$112,129	$36,455	$148,584
DEEJAY G SPARKMAN	SUPERVISOR/CONSTRUCTION	40.00	Highest	$111,747	$22,159	$133,906

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	$42,347,084	$42,347,084	$87,869,284	No data
2024	No data	No data	No data	No data
2023	$34,304,644	$34,304,644	$83,028,628	No data
2022	$35,858,923	$35,858,923	$79,923,890	No data
2021	$29,906,609	$29,906,609	$77,334,873	No data
2020	$27,046,835	$27,046,835	$75,203,882	No data
2019	$28,384,753	$28,384,753	$74,369,709	No data
2018	$28,991,589	$28,991,589	$73,203,845	No data

LICKING VALLEY RURAL ELECTRIC COOPERATIVE CORPORATION