NOLIN RURAL ELECTRIC COOPERATIVE CORP

EIN: 610294540

ELIZABETHTOWN, KY

Total Revenue
$94,669,933
Total Expenses
$94,669,933
Total Assets
$168,279,334
Net Assets
$100,628,548
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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
GREG LEE
Phone
2707656153
Tax Period
2024-01-01 to 2024-12-31

NOLIN RURAL ELECTRIC COOPERATIVE CORP, founded in 1937, is a mid-sized nonprofit that reported $94.7M in total revenue in fiscal year 2024.

Mission

PROVIDE ELECTRIC SERVICE ON A PATRONAGE BASIS TO A MONTHLY AVERAGE OF 38,201 CONSUMERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $92,203,147
Investment Income $1,138,273
Other Revenue $1,328,513
TOTAL REVENUE $94,669,933

Expense Breakdown

Grants Paid $12,750
Salaries & Benefits $16,170,455
Fundraising Expenses $0
Program Expenses $94,669,933
Other Expenses $74,028,992
TOTAL EXPENSES $94,669,933

Year-over-Year Comparison

2024 2023 Change
Revenue $94,669,933 $88,481,923 +0.1%
Expenses $94,669,933 $88,481,923 +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
106
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
5
$612,836
Total Directors
6
$121,574
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID BROWN CHAIRMAN 4.75
Officer Director
$18,439 $0 $18,439
GENE STRANEY VICE CHAIRMAN 5.54
Officer Director
$18,647 $0 $18,647
MARK COCHRAN DIRECTOR 6.54
Director
$24,030 $0 $24,030
LAWRENCE IRELAND DIRECTOR 2.63
Director
$17,980 $0 $17,980
LINDA GRIMES DIRECTOR 5.92
Director
$21,839 $0 $21,839
RAYMOND THOMAS SECRETARY/TREASURER 6.54
Officer Director
$20,639 $0 $20,639
GREG LEE PRESIDENT/CEO 39.91
Officer
$265,204 $104,752 $369,956
SARA ROBERSON VP, ADMINISTRATION/FINANCE 43.17
Officer
$159,681 $25,474 $185,155
DAVID COX VP INFORMATION TECHNOLOGY 40.47
Highest
$151,466 $67,780 $219,246
ANDREW PATTERSON MGR OF OPERATIONS 41.88
Highest
$150,059 $19,271 $169,330
JOSHUA SANDERS SR LINE TECH/CREW LEADER 54.07
Highest
$151,155 $53,348 $204,503
RUSS STANGER SR LINE TECH/CREW LEADER 54.67
Highest
$152,692 $54,748 $207,440
ANTHONY HUFF SR LINE TECH/CREW LEADER 57.62
Highest
$165,218 $46,493 $211,711
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 $94,669,933 $94,669,933 $168,279,334 No data
2023 $88,481,923 $88,481,923 $169,582,019 No data
2022 $102,908,461 $102,908,461 $173,608,448 No data
2021 $80,995,142 $80,995,142 $169,060,241 No data
2020 $73,838,257 $73,838,257 $171,027,235 No data
2019 $80,439,557 $80,439,557 $169,703,745 No data
2018 $84,287,269 $84,287,269 $173,815,736 No data
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