GRAYSON RURAL ELECTRIC COOPERATIVE CORPORATION

EIN: 610447602

GRAYSON, KY

Total Revenue
$40,083,276
Total Expenses
$40,083,276
Total Assets
$90,678,862
Net Assets
$41,146,458
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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
1950
Legal Domicile
KY
Principal Officer
BRADLEY CHERRY
Phone
6064745136
Tax Period
2024-01-01 to 2024-12-31

GRAYSON RURAL ELECTRIC COOPERATIVE CORPORATION, founded in 1950, is a mid-sized nonprofit that reported $40.1M in total revenue in fiscal year 2024.

Mission

PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 15,597 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 (2024)

Revenue Breakdown

Contributions & Grants $205,186
Program Service Revenue $38,553,800
Investment Income $363,020
Other Revenue $961,270
TOTAL REVENUE $40,083,276

Expense Breakdown

Grants Paid $10,000
Salaries & Benefits $6,252,552
Fundraising Expenses $0
Program Expenses $40,083,276
Other Expenses $32,737,868
TOTAL EXPENSES $40,083,276

Year-over-Year Comparison

2024 2023 Change
Revenue $40,083,276 $41,054,365 0.0%
Expenses $40,083,276 $41,054,365 0.0%
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
5
Independent Members
5
Employees
41
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
$369,479
Total Directors
6
$71,600
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM BENTLEY VICE CHAIRMAN 1.06
Officer Director
$10,800 $0 $10,800
DANNY MABRY DIRECTOR 2.54
Director
$13,800 $0 $13,800
HAROLD DUPUY CHAIRMAN 2.25
Officer Director
$11,800 $0 $11,800
JIMMY WHITT DIRECTOR 3.54
Director
$12,400 $0 $12,400
KAYLA WEBB SECRETARY/TREASURER 2.46
Officer Director
$12,800 $0 $12,800
TONYA SLONE DIRECTOR 0.88
Director
$10,000 $0 $10,000
BRADLEY CHERRY PRESIDENT/CEO 40.00
Officer
$128,228 $65,793 $194,021
SHERRY BUCKLER MANAGER OF ACCOUNTING & HR 40.00
Officer
$88,109 $51,949 $140,058
RYAN RICE CONSTRUCTION LEADMAN 40.00
Highest
$120,046 $52,405 $172,451
CHRISTOPHER MOSIER MAINTENANCE LEADMAN 40.00
Highest
$141,191 $40,857 $182,048
MICHAEL R BLEVINS MAINTENANCE LEADMAN 40.00
Highest
$126,919 $51,937 $178,856
JAMES WITHROW MAINTENANCE LEADMAN 40.00
Highest
$128,397 $51,784 $180,181
JASON PORTER MAINTENANCE LEADMAN 40.00
Highest
$120,814 $51,784 $172,598
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 $40,083,276 $40,083,276 $90,678,862 No data
2023 $41,054,365 $41,054,365 $92,629,124 No data
2022 $43,062,397 $43,062,397 $94,665,552 No data
2021 $34,250,791 $34,250,791 $91,917,122 No data
2020 $31,132,893 $31,132,893 $90,305,352 No data
2019 $32,551,549 $32,551,549 $82,855,758 No data
2018 $32,813,423 $32,813,423 $79,306,260 No data
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