Jackson Energy Cooperative
Nonprofit profile at a glance
- EIN
- 610236351
- IRS 990 coverage
- 2010–2025
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2025
- Location
- McKee, KY, United States
- Phone
- 606-364-1000; 1-800-262-7480
- Rating confidence
- Limited
Reported finances
- Revenue
- $145,521,177
- Expenses
- $145,521,177
- Assets
- $306,646,747
- Liabilities
- $166,241,546
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- VIRGINIA CAROL WRIGHT (PRESIDENT & CEO)
- JEFFREY HENDERSON (PRESIDENT & CEO)
Highest reported compensation
- VIRGINIA CAROL WRIGHT (PRESIDENT & CEO): $458,814 total reported compensation
- JEFFREY HENDERSON (PRESIDENT & CEO): $247,997 total reported compensation
- APRIL RENNER (VP OF CORPORATE SVCS): $204,771 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Today, the cooperative serves over 53,133 members and maintains over 5,851 miles of line. Although the number of members has risen since 1939, the electric cooperative's mission remain the same - to improve the quality of life for our members in southeastern Kentucky Flag January 1, 2019. While Jackson County RECC crews constructed lines to serve the members, the power was purchased from an IOU, investor owned utility, Kentucky Utilities, and other electric cooperatives across the state were also purchasing power from IOUs. In 1941, electric cooperatives took the first steps toward becoming self-sufficient. East Kentucky Power Cooperative (EKP) was incorporated to provide electric power to 13 cooperatives that would own the generation and transmission cooperative. Jackson County RECC was one of those cooperatives. Firstpole.
What it reported doing in 2025
Provide electric service to member owners on a patronage basis to an average of over 53,545 per month.
Operating model
- Revenue model
- Earned-program. 94% 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: 83
- Accountability: 82
- Sustainability: 39
- 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: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- 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: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 65th percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 0%; rating input score 23; 23rd percentile among comparable filings
- Total-asset coverage ratio: 2.11; rating input score 50; 50th percentile among comparable filings
- Liabilities to assets ratio: 0.54; rating input score 38; 38th percentile among comparable filings
- Officer compensation ratio: 1.3%; rating input score 73; 73rd percentile among comparable filings
Growth
- Program expense growth: 1.9% per year; rating input score 100; 18th percentile among comparable filings
- Revenue growth: 1.6% per year; rating input score 100; 10th percentile among comparable filings
- Asset growth: 2.1% per year; rating input score 100; 12th percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 9 of 9 board members independent · 5 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $145.5M in reported program spending
- Leadership: top reported pay $459K · 17 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $9.9M reported
- Consistency: 11 of 11 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 16 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 17 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- High — Sustainability: Operating margin scored 23/100.
- Review — Sustainability: Total-asset coverage ratio scored 50/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 38/100.