Inter-County Energy Cooperative
Nonprofit profile at a glance
- EIN
- 610235235
- IRS 990 coverage
- 2010–2025
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2025
- Location
- Danville, KY, USA
- Phone
- (859) 236-4561
- Rating confidence
- Limited
Reported finances
- Revenue
- $75,053,878
- Expenses
- $75,053,878
- Assets
- $167,444,528
- Liabilities
- $100,429,596
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- JERRY CARTER (PRESIDENT/CEO)
Highest reported compensation
- JERRY CARTER (PRESIDENT/CEO): $353,208 total reported compensation
- DAVID PHELPS (VP OPERATIONS): $242,705 total reported compensation
- ALYSSA KURTZ (VP FINANCE): $206,749 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Member-Owned. Community Powered. Together, we provide affordable, reliable energy that supports and strengthens the communities we serve. Inter-County Energy would like to give our member the opportunity to have our Member Handbook(link is external). It contains a lot of information about your cooperative that can be useful as long as you are a member of Inter-County Energy. Most of the information contained within this handbook can be found on our website or by calling our offices. Our Mission Our mission here at Inter-County Energy is to provide energy and services to our members through a **culture of Safety, Accountability, Integrity, Innovation, and Commitment to Community.
What it reported doing in 2025
Provide electric service to member owners on a patronage basis. Serve approximately 28,403 consumers per month.
Operating model
- Revenue model
- Earned-program. 96% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 77
- Accountability: 100
- Sustainability: 37
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 66th percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 81st percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 65th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0%; rating input score 23; 23rd percentile among comparable filings
- Total-asset coverage ratio: 2.23; rating input score 54; 54th percentile among comparable filings
- Liabilities to assets ratio: 0.6; rating input score 31; 31st percentile among comparable filings
- Officer compensation ratio: 2.2%; rating input score 57; 57th percentile among comparable filings
Growth
- Program expense growth: 3.4% per year; rating input score 100; 25th percentile among comparable filings
- Revenue growth: 2.8% per year; rating input score 100; 22nd percentile among comparable filings
- Asset growth: 3.3% per year; rating input score 100; 19th percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 6 of 6 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $75.1M in reported program spending
- Leadership: top reported pay $353K · 13 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $6.8M reported
- Consistency: 13 of 13 current checks pass
- Schedules: 4 filed schedules · includes grants and executive pay
- Filing history: 16 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 13 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 23/100.
- Review — Sustainability: Total-asset coverage ratio scored 54/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 31/100.
- Review — Sustainability: Officer compensation ratio scored 57/100.