West Kentucky Rural Electric Cooperative Corporation
Nonprofit profile at a glance
- EIN
- 610378848
- IRS 990 coverage
- 2020–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Mayfield, KY, United States
- Phone
- Outage report hotline call 1-877-495-7322 (do not submit outages via contact lin
- Rating confidence
- Limited
Reported finances
- Revenue
- $109,796,330
- Expenses
- $107,179,509
- Assets
- $193,146,814
- Liabilities
- $95,517,077
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- ROBERT HARGROVE (BOARD PRESIDENT)
- TROY ENGLISH (BOARD VICE PRESIDENT)
- DAVID SMART (PRESIDENT/CEO)
Highest reported compensation
- DAVID SMART (PRESIDENT/CEO): $413,550 total reported compensation
- HEATHER FOLEY (VP OF ADMIN & FINANCE): $235,032 total reported compensation
- JUSTIN MCCANN (VP OF ENGINEERING): $233,685 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
As an added benefit to Cooperative members, the Co-op Connections Program can be used to receive discounts of 10%-60% on prescriptions at more than 56,000 pharmacies nationwide, including CVS, Walgreens, Wal-Mart and Target. The Co-op Connections card cannot be used in conjunction with insurance. However, you can use your card to purchase prescriptions not covered by your insurances plans. Ask your participating pharmacist about how to most effectively incorporate Co-op Connections discounts into your prescription purchases. WKRECC’s Home Uplift Program provides upgrades to help ease the energy burden and improve the overall comfort, safety, and health of a qualifying home. Home Uplift is of.
What it reported doing in 2024
Distributed 908,204,334 kilowatt-hours of electric energy to 41,045 members during fy 2025.
Operating model
- Revenue model
- Earned-program. 99% 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: 50
- 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; 68th 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: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th 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: 2.4%; rating input score 45; 45th percentile among comparable filings
- Total-asset coverage ratio: 1.8; rating input score 60; 60th percentile among comparable filings
- Liabilities to assets ratio: 0.49; rating input score 36; 36th percentile among comparable filings
- Officer compensation ratio: 2%; rating input score 55; 55th percentile among comparable filings
Growth
- Program expense growth: 10.4% per year; rating input score 100; 76th percentile among comparable filings
- Revenue growth: 5.9% per year; rating input score 100; 51st percentile among comparable filings
- Asset growth: 3% per year; rating input score 100; 20th percentile among comparable filings
Details
- What they do: 2 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: 10 of 10 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $107.2M in reported program spending
- Leadership: top reported pay $414K · 19 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $4.8M reported
- Consistency: 12 of 12 current checks pass
- Schedules: 3 filed schedules · includes executive pay
- Filing history: 4 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 19 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.
- Moderate — Sustainability: Operating margin scored 45/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 36/100.
- Review — Sustainability: Officer compensation ratio scored 55/100.