2024-11-13T08:01:22-06:00 2024-06-30 610420207 JONES NALE & MATTINGLY PLC 401 WEST MAIN STREET SUITE 1100 LOUISVILLE KY 40202 990 2023-07-01 610378848 WEST KENTUCKY RURAL ELECTRIC COOPERATIVE CORPORATION WEST 2702471321 PO BOX 589 MAYFIELD KY 42066 ROBERT HARGROVE BOARD PRESIDENT 2702471321 2024-11-08 1 1 TRAVIS C FRICK P01728213 5025830248 2023 2024-10-15 13:58:12Z ROBERT HARGROVE PO BOX 589 MAYFIELD KY 42066 98162277 0 X WWW.WKRECC.COM X 1938 KY DISTRIBUTE ELECTRICITY TO COOPERATIVE'S MEMBERS AT THE LOWEST COST CONSISTENT WITH SOUND MANAGEMENT. 10 10 103 0 0 0 0 0 100667402 97553804 120677 155841 316758 452632 101104837 98162277 0 0 0 0 9451632 9720133 0 0 0 90811967 87288474 100263599 97008607 841238 1153670 175980902 185438249 82739214 90473008 93241688 94965241 X DISTRIBUTE ELECTRICITY TO COOPERATION'S MEMBERS AT THE LOWEST COST CONSISTENT WITH SOUND AND GOOD MANAGEMENT. 0 0 97008607 98162277 DISTRIBUTED 854,237,253 KILOWATT-HOURS OF ELECTRIC ENERGY TO 40,734 MEMBERS DURING FY 2024. 97008607 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 21 0 1 103 1 0 0 0 0 0 0 0 97553804 608473 0 0 0 X 10 10 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 KY X X WEST KENTUCKY RURAL ELECTRIC CO ERIN ELLIOTT 2702471321 PO BOX 589 MAYFIELD KY 42066 ROBERT HARGROVE BOARD PRESIDENT 4.85 X X 16900 0 0 TROY ENGLISH BOARD VICE PRESIDENT 7.06 X X 17100 0 0 CHAD WILLETT SECRETARY/TREASURER 3.76 X X 13000 0 0 BENNY ADAIR BOARD MEMBER 8.84 X 20250 0 0 DENNIS BARNES BOARD MEMBER 3.06 X 13000 0 0 MIKE BURCHETT BOARD MEMBER 3.12 X 14650 0 0 JED CLARK BOARD MEMBER 2.81 X 13300 0 0 KEVIN CRIDER BOARD MEMBER 4.94 X 14100 0 0 MARK ELLIOTT BOARD MEMBER 3.89 X 14100 0 0 JAMIE POTTS BOARD MEMBER 5.58 X 17150 0 0 DAVID SMART PRESIDENT/CEO 40.00 X 302461 0 104329 HEATHER FOLEY VP OF ADMIN & FINANCE 40.00 X 161570 0 66514 JUSTIN MCCANN VP OF ENGINEERING 40.00 X 160303 0 62864 CHRISTOPHER FULLER JOURNEY LINEMAN 40.00 X 126537 0 45016 KEVIN ENGLAND JOURNEY LINEMAN 40.00 X 125489 0 44953 RODNEY ADAMS JOURNEY LINEMAN 40.00 X 123947 0 46043 LEVI WEATHERFORD JOURNEY LINEMAN 40.00 X 122831 0 46584 GREGORY CHARLES JOURNEY LINEMAN 40.00 X 122821 0 44495 1399509 0 460798 29 0 1 0 XYLEM TREE EXPERTS 208 EAST PLUME STE 250 NORFOLK VA 23510 RIGHT OF WAY 1116565 WA KENDALL & CO 2736 MEADOW CHURCH RD ST 200 DULUTH GA 30097 RIGHT OF WAY 1077650 CRUSE POWERLINE CONSTRUCTION 120 TOWER FR MAYFIELD KY 42066 LINE CONSTRUCTION 958446 WORLD TOWER CO INC 1213 COMPRESSOR DR MAYFIELD KY 42066 AMI TOWER INSTALLATION 944609 MCKENZIE TREE SERVICE 2141 TN AVE N PARSONS TX 38363 RIGHT OF WAY 799507 16 ELECTRIC SALES 221000 95244227 95244227 RENT FROM ELECTRIC COMPANY 221000 1542876 1542876 REVENUE FROM LATE PAYMENTS 221000 484897 484897 MISC SERVICE 221000 280604 280604 OTHER 221000 1200 1200 97553804 155841 155841 PATRONAGE CAPITAL 221000 448893 448893 MERCHANDIZING, JOBBING, ETC. 221000 3739 3739 452632 98162277 98162277 0 0 1062727 4975345 1654512 1587993 439556 48621 17844 144804 964732 1220143 9828 801897 80678 2301215 173382 7687419 420803 ELECTRIC ENERGY FOR SAL 64606069 PROPERTY AND GROSS RECE 4178982 RIGHT OF WAY CLEARNING 2902879 OTHER 1729178 97008607 3071990 2313657 1000184 2014900 9084396 10662970 3341987 2685592 273426 356746 236342758 73464542 154909643 162878216 3671207 3969608 628069 556560 175980902 185438249 22901272 19636650 56862334 68611265 2975608 2225093 82739214 90473008 X 0 0 0 0 93241688 94965241 93241688 94965241 175980902 185438249 X 1153670 569883 X X 0 1 X 1 0 1852443 1852443 10299703 3901388 6398315 33239 33239 0 45178653 18990563 26188090 178978720 50539352 128439368 162878216 POST RETIREMENT BENEFITS 1928149 ADVANCES FOR CONSTRUCTION - REFUNDABLE 137288 ENERGY SERVICE LOANS - ADVANCES 61768 BUDGET BILLING - ADVANCES 82272 DEFERRED COMP - 457B 15616 2225093 X 98162277 0 98162277 0 98162277 97008607 0 97008607 0 97008607 PART X, LINE 2: WEST KENTUCKY'S ACCOUNTING POLICY PROVIDES THAT A TAX EXPENSE/BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS. WEST KENTUCKY HAS NO UNCERTAIN TAX POSITIONS RESULTING IN AN ACCRUAL OF TAX EXPENSE OR BENEFIT. X X 0 0 0 DAVID SMART PRESIDENT/CEO 302461 0 0 0 0 0 82137 0 22192 0 406790 0 0 0 HEATHER FOLEY VP OF ADMIN & FINANCE 161570 0 0 0 0 0 43781 0 22733 0 228084 0 0 0 JUSTIN MCCANN VP OF ENGINEERING 160303 0 0 0 0 0 40131 0 22733 0 223167 0 0 0 CHRISTOPHER FULLER JOURNEY LINEMAN 126537 0 0 0 0 0 22283 0 22733 0 171553 0 0 0 KEVIN ENGLAND JOURNEY LINEMAN 125489 0 0 0 0 0 22221 0 22733 0 170443 0 0 0 RODNEY ADAMS JOURNEY LINEMAN 123947 0 0 0 0 0 23851 0 22192 0 169990 0 0 0 LEVI WEATHERFORD JOURNEY LINEMAN 122831 0 0 0 0 0 23851 0 22733 0 169415 0 0 0 GREGORY CHARLES JOURNEY LINEMAN 122821 0 0 0 0 0 22304 0 22192 0 167317 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 ANY PERSON, FIRM OR PUBLIC ENTITY MAY BECOME A MEMBER OF THE COOPERATIVE BY PAYING A MEMBERSHIP FEE IN THE AMOUNT OF $5.00 AND AGREEING TO PURCHASE FROM THE COOPERATIVE ELECTRIC ENERGY ACCORDING TO TERMS SPECIFIED IN THE MEMBERSHIP AGREEMENT AND BYLAWS OF THE COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 7A AT EACH ANNUAL MEETING OF THE MEMBERS, THE APPROPRIATE NUMBER OF DIRECTORS, SUCH AS THE NUMBER HAS BEEN DETERMINED BY THE BOARD, SHALL BE ELECTED BY BALLOT AND FROM THE MEMBERS OF THEIR RESPECTIVE DISTRICTS FOR A PERIOD OF 4 YEARS OR UNTIL THEIR RESPECTIVE SUCCESSORS HAVE BEEN ELECTED AND QUALIFIED, SUBJECT TO THE PROVISION OF THE BYLAWS WITH RESPECT TO THE REMOVAL OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B NO REVIEW WAS OR WILL BE CONDUCTED. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL QUESTIONNAIRES ARE COMPLETED BY EACH BOARD MEMBER. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS DETERMINES THE SALARY OF THE CEO BASED UPON PERFORMANCE REVIEW AND COMPARABILITY DATA PROVIDED BY AN INDEPENDENT THIRD PARTY. OTHER SALARIES ARE DETERMINED BY REVIEW OF THIRD PARTY COMPARABILITY DATA SUBJECT TO APPROVAL BY MANAGEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES MEMBERS WITH A COPY OF THE COOPERATIVE'S BYLAWS UPON APPLICATION FOR SERVICE. FINANCIAL STATEMENTS ARE PRESENTED TO THE MEMBERSHIP AT THE COOPERATIVE'S ANNUAL MEETING AND UPON REQUEST. ALL OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST BY A MEMBER(S). FORM 990, PART XI, LINE 9: MEMBERSHIPS ISSUED, NET 500. ACCUMULATED COMPREHENSIVE INCOME 569,383. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE FROM THE PRIOR YEAR.