Nolin RECC

Legal name: Nolin Rural Electric Cooperative Corp

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

13 people listed

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Provide electric service on a patronage basis to a monthly average of 39,143 consumers.

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 available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

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: Missing
- Written employment contract: Pass
- 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

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

Operating margin: 0%; rating input score 23; 23rd percentile among comparable filings
Total-asset coverage ratio: 1.73; rating input score 43; 43rd percentile among comparable filings
Liabilities to assets ratio: 0.39; rating input score 49; 49th percentile among comparable filings
Officer compensation ratio: 1.8%; rating input score 66; 66th percentile among comparable filings

Program expense growth: 0.8% per year; rating input score 100; 13th percentile among comparable filings
Revenue growth: 1.1% per year; rating input score 100; 7th percentile among comparable filings
Asset growth: -0.7% per year; rating input score 0; 4th percentile among comparable filings

What they do: Mission, programs, and operating context captured from the official website.
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 · $97.1M in reported program spending
Leadership: top reported pay $392K · 13 people listed · 3 of 6 pay-setting controls reported
Highest-paid contractors: 5 contractors listed · $2.6M reported
Consistency: 11 of 11 current checks pass
Schedules: 5 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: 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.

Signals prioritize questions for review. They are not findings of misconduct.