KENTUCKY VALLEY EDUCATIONAL COOPERATIVE INC

EIN: 610729917 501(c)(3) Education

HAZARD, KY

Total Revenue
$5,046,909
Total Expenses
$5,335,740
Total Assets
$5,503,746
Net Assets
$5,307,800
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Principal Officer
JERRY GREEN
Phone
6064363161
Tax Period
2024-07-01 to 2025-06-30

KENTUCKY VALLEY EDUCATIONAL COOPERATIVE INC is a community nonprofit in the Education sector that reported $5.0M in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring.

Mission

KENTUCKY VALLEY EDUCATIONAL COOPERATIVE, (KVEC), IS A PRIVATE NON-PROFIT COOPERATIVE UNDER THE IRS CODE SECTION 501(C) (3). KVEC IS ONE OF EIGHT EDUCATION COOPERATIVES IN KENTUCKY CONSISTING OF 26 MEMBER SCHOOL DISTRICTS. THE COOPERATIVE SERVES WELL OVER 54,000 STUDENTS AND MORE THAN 3,000 EDUCATORS. HOUSING A COMPREHENSIVE SPECIAL NEEDS COOPERATIVE, THE STATES LARGEST NON-URBAN READING RECOVERY PROGRAM AND AN ARRAY OF CONTENT SPECIFIC PROJECTS AND INITIATIVES. THE NATURE AND PURPOSE OF KVEC IS TO SERVE THE LOCAL BOARDS OF EDUCATION IN THE FOLLOWING COUNTIES: BREATHITT, CARTER, FLOYD, JOHNSON, PERRY, KNOTT, LEE, LESLIE, LETCHER, MAGOFFIN, MENIFEE, MORGAN, ROBERTSON, OWSLEY, PIKE, WOLFE, MARTIN, AND LAWRENCE. ADDITIONALLY, JACKSON INDEPENDENT, JENKINS INDEPENDENT, MIDDLESBORO INDEPENDENT, PIKEVILLE INDEPENDENT, PAINTSVILLE INDEPENDENT, ASHLAND INDEPENDENT, HARLAN INDEPENDENT AND HAZARD INDEPENDENT SCHOOLS.

Program Service Accomplishments

Program 1
Expenses: $4,769,822

THE KVEC SPECIAL EDUCATION COOPERATIVE SERVES A 15-COOPERATIVE AREA IN EASTERN KENTUCKY. THE KVEC SPECIAL EDUCATION COOPERATIVE PROVIDES COOPERATIVE PERSONNEL WITH TECHNICAL ASSISTANCE, PROFESSIONAL...

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THE KVEC SPECIAL EDUCATION COOPERATIVE SERVES A 15-COOPERATIVE AREA IN EASTERN KENTUCKY. THE KVEC SPECIAL EDUCATION COOPERATIVE PROVIDES COOPERATIVE PERSONNEL WITH TECHNICAL ASSISTANCE, PROFESSIONAL DEVELOPMENT, MONITORING, COMMUNICATION, COLLABORATION, AND CONSULTATION ON SPECIAL EDUCATION ISSUED IN THE REGION. THE KVEC SPECIAL EDUCATION COOPERATIVE RECEIVES FUNDING FROM THE DEPARTMENT OF EDUCATION BASED ON A FORMULA OF THE NUMBER OF ELIGIBLE STUDENTS IN THE DESIGNATED AREA.

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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 $4,308,466
Program Service Revenue $489,286
Investment Income $183,005
Other Revenue $66,152
TOTAL REVENUE $5,046,909

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,626,648
Fundraising Expenses $0
Program Expenses $4,769,822
Other Expenses $2,709,092
TOTAL EXPENSES $5,335,740

Year-over-Year Comparison

2024 2023 Change
Revenue $5,046,909 $7,367,024 -0.3%
Expenses $5,335,740 $6,774,130 -0.2%
Net Income $-288,831 $592,894 -1.5%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
27
Independent Members
27
Employees
28
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
4
$329,480
Total Directors
27
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JERRY GREEN EXECUTIVE DI 40.00
Officer
$173,492 $0 $173,492
JOHNNY BELCHER FINANCE DIRE 40.00
Officer
$155,988 $0 $155,988
BRIAN AUXIER BOARD MEMBER 5.00
Director
$0 $0 $0
KENNY BELL BOARD MEMBER 5.00
Director
$0 $0 $0
FREDDIE BOWLING BOARD MEMBER 5.00
Director
$0 $0 $0
KENT CAMPBELL BOARD MEMBER 5.00
Director
$0 $0 $0
THOM COCHRAN BOARD MEMBER 5.00
Director
$0 $0 $0
SONDA COMBS BOARD MEMBER 5.00
Director
$0 $0 $0
GREG CONN BOARD MEMBER 5.00
Director
$0 $0 $0
DAVID COX BOARD MEMBER 5.00
Director
$0 $0 $0
DR PAUL GREEN BOARD MEMBER 5.00
Director
$0 $0 $0
DR RALPH HAMILTON BOARD VICE-C 5.00
Officer Director
$0 $0 $0
SEAN HOWARD BOARD MEMBER 5.00
Director
$0 $0 $0
JAMES CORNETT II BOARD MEMBER 5.00
Director
$0 $0 $0
LARRY JAMES BOARD MEMBER 5.00
Director
$0 $0 $0
DAMIAN JOHNSON BOARD MEMBER 5.00
Director
$0 $0 $0
DR JAMIE JOHNSON BOARD MEMBER 5.00
Director
$0 $0 $0
CHRIS MEADOWS BOARD MEMBER 5.00
Director
$0 $0 $0
DENNIS MESSER BOARD CHAIR 5.00
Officer Director
$0 $0 $0
CHARLES MORTON BOARD MEMBER 5.00
Director
$0 $0 $0
EARL SHULER BOARD MEMBER 5.00
Director
$0 $0 $0
WAYNE SIZEMORE BOARD MEMBER 5.00
Director
$0 $0 $0
TIM SPENCER BOARD MEMBER 5.00
Director
$0 $0 $0
DAVID TRIMBLE BOARD MEMBER 5.00
Director
$0 $0 $0
PHILLIP WATTS BOARD MEMBER 5.00
Director
$0 $0 $0
KATIE WEBB BOARD MEMBER 5.00
Director
$0 $0 $0
TONYA WILLIAMS BOARD MEMBER 5.00
Director
$0 $0 $0
BRETT WILSON BOARD MEMBER 5.00
Director
$0 $0 $0
DENIST YONTS BOARD MEMBER 5.00
Director
$0 $0 $0
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 $5,046,909 $5,335,740 $5,503,746 $-288,831
2020 $3,860,402 $4,917,297 $5,273,884 $-1,056,895
2020 No data No data $6,630,396 No data
2019 $12,855,041 $10,672,896 $6,630,396 $2,182,145
2019 $12,131,100 $9,574,400 $3,297,457 $2,556,700
2018 $12,131,174 $9,766,022 $5,023,135 $2,365,152
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