PENNYRILE RURAL ELECTRIC COOPERATIVE CORPORATION

EIN: 610305525

HOPKINSVILLE, KY

Total Revenue
$151,249,772
Total Expenses
$144,436,918
Total Assets
$308,644,525
Net Assets
$147,578,151
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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
Phone
2708862555
Tax Period
2023-07-01 to 2024-06-30

PENNYRILE RURAL ELECTRIC COOPERATIVE CORPORATION, founded in 1937, is a major nonprofit that reported $151.2M in total revenue in fiscal year 2023. Expenses of $144.4M left a modest 5% surplus.

Mission

Sale of electricity to members.

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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 $143,756,454
Investment Income $2,897,185
Other Revenue $4,596,133
TOTAL REVENUE $151,249,772

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,112,941
Fundraising Expenses $0
Program Expenses $0
Other Expenses $135,323,977
TOTAL EXPENSES $144,436,918

Year-over-Year Comparison

2023 2022 Change
Revenue $151,249,772 $153,031,041 0.0%
Expenses $144,436,918 $147,431,289 0.0%
Net Income $6,812,854 $5,599,752 +0.2%
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
8
Independent Members
N/A
Employees
121
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
2
$625,916
Total Directors
8
$147,404
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alan Gates President/CEO 65
Officer
$384,343 $45,803 $430,146
Robert C Standard Line Foreman 88
Highest
$244,475 $30,397 $274,872
Sandy Grogan Vice President Finance & Accounting 60.00
Officer
$166,008 $29,762 $195,770
Brent Gilkey Vice President Member Services & Communication 60.00
Highest
$157,207 $29,274 $186,481
William Stokes VP Operations 60.0
Highest
$151,099 $29,112 $180,211
Philip Adler Lineman 60.00
Highest
$153,635 $21,307 $174,942
Mark Giltner Vice President Human Resources 60.00
Highest
$146,841 $26,507 $173,348
James Futrell Board Member 6.94
Director
$22,698 $0 $22,698
George Fox Chairman 5.40
Director
$19,673 $0 $19,673
Bryson Price Board Member 5.13
Director
$18,573 $0 $18,573
Robert Allen Vice Chairman 4.81
Director
$18,298 $0 $18,298
James W Lear Board Member 4.88
Director
$17,831 $0 $17,831
Joe E Rogers Secretary-Treasurer 4.88
Director
$17,585 $0 $17,585
Bates Payne Jr Board Member 4.02
Director
$17,473 $0 $17,473
Duane Moore Assistant Secretary-Treasurer 3.27
Director
$15,273 $0 $15,273
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 $151,249,772 $144,436,918 $308,644,525 $6,812,854
2023 $153,031,041 $147,431,289 $293,745,572 $5,599,752
2022 $141,666,611 $135,839,174 $272,225,368 $5,827,437
2021 $133,921,505 $123,109,645 $259,510,087 $10,811,860
2020 $129,860,794 $124,066,993 $246,960,400 $5,793,801
2019 $134,834,235 $129,833,745 $231,149,738 $5,000,490
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