WARREN RURAL ELECTRIC COOPERATIVE CORPORATION

EIN: 610375145

BOWLING GREEN, KY

Total Revenue
$268,726,098
Total Expenses
$256,829,803
Total Assets
$393,826,110
Net Assets
$188,006,611
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1938
Legal Domicile
KY
Principal Officer
DEWAYNE MCDONALD
Phone
2708426541
Tax Period
2024-07-01 to 2025-06-30

WARREN RURAL ELECTRIC COOPERATIVE CORPORATION, founded in 1938, is a major nonprofit that reported $268.7M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $256.8M left a modest 4% surplus.

Mission

AS A MEMBER-OWNED COOPERATIVE, WARREN RECC WILL STRIVE TO MEET THE NEEDS OF ITS MEMBERS, CUSTOMERS, AND COMMUNITIES FOR UP-TO-DATE, RELIABLE, AND COMPETITIVELY-PRICED ELECTRICITY AND OTHER UTILITY SERVICES.

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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 $268,117,899
Investment Income $523,589
Other Revenue $84,610
TOTAL REVENUE $268,726,098

Expense Breakdown

Grants Paid $0
Salaries & Benefits $15,749,542
Fundraising Expenses $0
Program Expenses $256,829,803
Other Expenses $241,080,261
TOTAL EXPENSES $256,829,803

Year-over-Year Comparison

2024 2023 Change
Revenue $268,726,098 $241,435,915 +0.1%
Expenses $256,829,803 $233,885,640 +0.1%
Net Income $11,896,295 $7,550,275 +0.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
173
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
6
$1,541,474
Total Directors
7
$183,987
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIM PURCELL BOARD MEMBER 6.00
Director
$27,591 $0 $27,591
THOMAS DOTSON BOARD MEMBER 8.00
Director
$24,891 $0 $24,891
DENNIS INGRAM BOARD MEMBER 11.00
Director
$28,941 $0 $28,941
CHRIS GRAVIL BOARD MEMBER 6.00
Director
$26,241 $0 $26,241
TIM WESTBROOK BOARD MEMBER 6.00
Director
$25,491 $0 $25,491
RANDY MANN BOARD MEMBER 3.00
Director
$24,591 $0 $24,591
PAM DECKER BOARD MEMBER 6.00
Director
$26,241 $0 $26,241
DEWAYNE MCDONALD PRESIDENT & CEO 40.00
Officer
$303,933 $98,216 $402,149
AMANDA HUNLEY VP OF ADMINISTRATIVE SERVI 40.00
Officer
$163,036 $71,434 $234,470
CHARLES MASSEY VP OF ENGINEERING & OPERAT 40.00
Officer
$210,152 $45,072 $255,224
PATTY KANTOSKY VP OF MEMBER SERVICE & IT 40.00
Officer
$177,010 $77,107 $254,117
TONY COTTRELL VP OF HR AND SAFETY 40.00
Officer
$164,857 $37,042 $201,899
COREY WEAVER VP OF OPERATIONS 40.00
Officer
$136,958 $56,657 $193,615
MARK CARDWELL OPERATIONS SUPERVISOR 40.00
Highest
$180,285 $53,934 $234,219
ANDREW LINDSEY SR. MANAGER OF ENGINEERING 40.00
Highest
$175,091 $72,306 $247,397
ROBERT HUDNALL OPERATIONS SUPERVISOR 40.00
Highest
$167,356 $29,200 $196,556
CHASE JAPP LINEMAN 40.00
Highest
$153,185 $19,640 $172,825
JOSHUA CAVANAH OPERATIONS SUPERVISOR 40.00
Highest
$160,921 $40,888 $201,809
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 $268,726,098 $256,829,803 $393,826,110 $11,896,295
2024 $241,435,915 $233,885,640 $373,261,510 $7,550,275
2023 $244,265,812 $234,118,303 $347,495,705 $10,147,509
2022 $226,511,221 $211,036,516 $321,679,939 $15,474,705
2021 $203,443,021 $189,978,049 $278,710,355 $13,464,972
2020 $200,501,344 $187,752,205 $263,294,140 $12,749,139
2019 $200,912,621 $199,156,587 $239,314,200 $1,756,034
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