South Kentucky RECC
Legal name: South Kentucky Rural Electric Cooperative Corporation
Nonprofit profile at a glance
- EIN
- 610344362
- IRS 990 coverage
- 2010–2025
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2025
- Location
- Somerset, KY, USA
- Phone
- (800) 264-5112
- Rating confidence
- Limited
Reported finances
- Revenue
- $171,849,046
- Expenses
- $171,849,046
- Assets
- $395,788,943
- Liabilities
- $222,783,447
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- JOHN NEWTON (PRESIDENT & CEO)
Highest reported compensation
- JOHN NEWTON (PRESIDENT & CEO): $358,494 total reported compensation
- CARRIE BESSINGER (CFO): $260,554 total reported compensation
- DAKOTA BROWN (DIRECTOR OF ENGINEERING): $257,411 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
South Kentucky Rural Electric Cooperative Corporation was formed for people, not profit. Its mission is to reliably provide electricity and related services to its members at a competitive price, and to improve the quality of life in their communities. Its' mission is to reliably provide electricity and related services to its members at a competitive price, and to improve the quality of life in their communities." _Approved by unanimous vote of the Board of Directors, October 3, 1999_. South Kentucky RECC is governed by a board of directors elected by the membership. These directors live and work in the communities we serve and represent the interests of all cooperative members. The board provides oversight and helps set the long-term direction of the cooperative. They work to protect the...
What it reported doing in 2025
Provide electric service to member owners on a patronage basis. Serve an average of approximately 71,959 consumers monthly.
Operating model
- Revenue model
- Earned-program. 95% 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: 86
- Accountability: 100
- Sustainability: 40
- 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: 4 of 6 controls in place; rating input score 67
- Compensation committee: Missing
- Independent consultant: Pass
- 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
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: 2.3; rating input score 56; 56th percentile among comparable filings
- Liabilities to assets ratio: 0.56; rating input score 35; 35th percentile among comparable filings
- Officer compensation ratio: 1.1%; rating input score 75; 75th percentile among comparable filings
Growth
- Program expense growth: 1.2% per year; rating input score 100; 15th percentile among comparable filings
- Revenue growth: 1.4% per year; rating input score 100; 9th percentile among comparable filings
- Asset growth: 3.6% per year; rating input score 100; 22nd percentile among comparable filings
Details
- 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: 7 of 7 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $171.8M in reported program spending
- Leadership: top reported pay $358K · 14 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $18.2M 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: 14 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.
- 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.
- High — Sustainability: Operating margin scored 23/100.
- Review — Sustainability: Total-asset coverage ratio scored 56/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 35/100.