Nonprofit · EIN 61-0259922
LICKING VALLEY RURAL ELECTRIC CO-OP CORPORATION
Tax-exempt · WEST LIBERTY, KY 41472
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $42,347,084 | $42,347,084 | $0 | $87,869,284 | $49,608,323 | $38,260,961 |
| December 31, 2024 | 990 | $38,656,302 | $38,656,302 | $0 | $86,809,002 | $49,390,667 | $37,418,335 |
| December 31, 2023 | 990 | $34,304,644 | $34,304,644 | $0 | $83,028,628 | $43,923,602 | $39,105,026 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $40,755,914
- Investment income
- $208,299
- Other revenue
- $1,382,871
Expenses
- Grants and similar amounts paid
- $6,000
- Benefits paid to members
- $706,173
- Compensation of officers, directors and key employees
- $331,085
- Other salaries and wages
- $3,424,192
- Salaries, compensation and benefits (total)
- $5,703,476
- Professional fundraising fees
- $0
- Legal fees
- $53,013
- Accounting fees
- $178,306
- Depreciation
- $3,091,454
Balance sheet and other
- Total assets, start of year
- $86,809,002
- Total assets, end of year
- $87,869,284
- Total liabilities, end of year
- $49,608,323
- Net assets, end of year
- $38,260,961
- Land, buildings and equipment
- $54,878,096
- Gross receipts
- $42,347,084
- Employees
- 45
- Volunteers
- 0
- Year formed
- 1940
- State of legal domicile
- KY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KERRY K HOWARD | GENERAL MANAGER/CEO Officer | 40 | $158,530 | $29,461 |
| CHRISTOPHER J MURPHY | GENERAL SUPERINTENDENT Highest-paid employee | 40 | $140,213 | $41,301 |
| SANDRA BRADLEY | ACCOUNTANT Officer | 40 | $139,855 | $25,229 |
| PEYTON LOUDERMILK | SUPERVISOR/CONSTRUCTION Highest-paid employee | 40 | $117,092 | $36,229 |
| JAMES R HINTON | SUPERVISOR ROW Highest-paid employee | 40 | $113,345 | $36,453 |
| LEROY PHIPPS | FIRST CLASS LINE PERSON Highest-paid employee | 40 | $112,129 | $36,455 |
| DEEJAY G SPARKMAN | SUPERVISOR/CONSTRUCTION Highest-paid employee | 40 | $111,747 | $22,159 |
| TOMMY HILL | SEC-TREASURER Trustee or director, Officer | 5 | $7,200 | $0 |
| PHILIP WILLIAMS | DIRECTOR Trustee or director | 5 | $3,900 | $0 |
| DARRELL CUNDIFF | PRESIDENT Trustee or director, Officer | 5 | $3,600 | $0 |
| TED HOLBROOK | VICE PRESIDENT Trustee or director, Officer | 5 | $3,600 | $0 |
| J FRANK PORTER | DIRECTOR Trustee or director | 5 | $3,600 | $0 |
| KEVIN HOWARD | DIRECTOR Trustee or director | 5 | $3,600 | $0 |
| ALAN OLDFIELD | DIRECTOR Trustee or director | 5 | $3,600 | $0 |
| CK STACY | DIRECTOR Trustee or director | 5 | $3,600 | $0 |
990 for the year ended December 31, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KERRY K HOWARD | GENERAL MANAGER/CEO Officer | 40 | $153,392 | $28,677 |
| CHRISTOPHER J MURPHY | GENERAL SUPERINTENDENT Highest-paid employee | 40 | $127,473 | $39,127 |
| SANDRA BRADLEY | ACCOUNTANT Officer | 40 | $132,547 | $23,750 |
| LEROY PHIPPS | FIRST CLASS LINE PERSON Highest-paid employee | 40 | $105,720 | $35,267 |
| JAMES R HINTON | SUPERVISOR ROW Highest-paid employee | 40 | $105,665 | $35,114 |
| PEYTON LOUDERMILK | SUPERVISOR/CONSTRUCTION Highest-paid employee | 40 | $104,507 | $35,627 |
| DEEJAY G SPARKMAN | SUPERVISOR CONST Highest-paid employee | 40 | $113,843 | $21,445 |
| TOMMY HILL | SEC-TREASURER Trustee or director, Officer | 5 | $7,200 | $0 |
| PHILIP WILLIAMS | DIRECTOR Trustee or director | 5 | $3,900 | $0 |
| DARRELL CUNDIFF | PRESIDENT Trustee or director, Officer | 5 | $3,600 | $0 |
| TED HOLBROOK | VICE PRESIDENT Trustee or director, Officer | 5 | $3,600 | $0 |
| J FRANK PORTER | DIRECTOR Trustee or director | 5 | $3,600 | $0 |
| KEVIN HOWARD | DIRECTOR Trustee or director | 5 | $3,600 | $0 |
| ALAN OLDFIELD | DIRECTOR Trustee or director | 5 | $3,600 | $0 |
| CK STACY | DIRECTOR Trustee or director | 5 | $3,600 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KERRY K HOWARD | GENERAL MANAGER/CEO Key employee | 40 | $214,985 | $27,209 |
| CHRISTOPHER J MURPHY | GENERAL SUPERINTENDENT Highest-paid employee | 40 | $116,612 | $36,138 |
| SANDRA BRADLEY | ACCOUNTANT Highest-paid employee | 40 | $118,733 | $22,194 |
| PEYTON LOUDERMILK | SUPERVISOR/CONSTRUCTION Highest-paid employee | 40 | $103,973 | $33,087 |
| TOMMY HILL | SEC-TREASURER Trustee or director, Officer | 5 | $7,200 | $0 |
| DARRELL CUNDIFF | PRESIDENT Trustee or director, Officer | 5 | $3,600 | $0 |
| TED HOLBROOK | VICE PRESIDENT Trustee or director, Officer | 5 | $3,600 | $0 |
| PHILIP WILLIAMS | DIRECTOR Trustee or director | 5 | $3,600 | $0 |
| J FRANK PORTER | DIRECTOR Trustee or director | 5 | $3,600 | $0 |
| KEVIN HOWARD | DIRECTOR Trustee or director | 5 | $3,600 | $0 |
| ALAN OLDFIELD | DIRECTOR Trustee or director | 5 | $3,600 | $0 |
| CK STACY | DIRECTOR Trustee or director | 5 | $3,600 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 605, WEST LIBERTY, KY 41472-0605
- Principal officer (990 for 2025)
- JOHN MAY, PO BOX 605, WEST LIBERTY, KY 41472
- Signed the 990
- JOHN MAY, GENERAL MGR/CEO
- Phone
- (606) 743-3179
- Website
- WWW.LVRECC.COM
- Return prepared by
- JONES NALE & MATTINGLY PLC
Mission
PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 17,955 CONSUMERS MONTHLY.
Program accomplishments
- PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 17,955 CONSUMERS MONTHLY.Expenses $42,347,084 · grants $6,000 · revenue $41,888,355
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 61-0259922
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1943
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $87,869,284
- Income (IRS master file)
- $42,347,084
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $42,347,084 | $42,347,084 | $87,869,284 | IRS |
| 990 | December 2024 | $38,656,302 | $38,656,302 | $86,809,002 | IRS |
| 990 | December 2023 | $34,304,644 | $34,304,644 | $83,028,628 | XML |
| 990 | December 2022 | $35,858,923 | $35,858,923 | $79,923,890 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 61-0259922).
Questions about LICKING VALLEY RURAL ELECTRIC CO-OP CORPORATION
- What is the EIN of LICKING VALLEY RURAL ELECTRIC CO-OP CORPORATION?
- The employer identification number (EIN) of LICKING VALLEY RURAL ELECTRIC CO-OP CORPORATION is 61-0259922.
- Is LICKING VALLEY RURAL ELECTRIC CO-OP CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1943.
- Are donations to LICKING VALLEY RURAL ELECTRIC CO-OP CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LICKING VALLEY RURAL ELECTRIC CO-OP CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LICKING VALLEY RURAL ELECTRIC CO-OP CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LICKING VALLEY RURAL ELECTRIC CO-OP CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of LICKING VALLEY RURAL ELECTRIC CO-OP CORPORATION?
- The 990 for the year ended December 31, 2025 names JOHN MAY.
- Who are the officers and directors of LICKING VALLEY RURAL ELECTRIC CO-OP CORPORATION?
- The 990 for the year ended December 31, 2025 lists 15 people; 15 received compensation from the organization, the highest $158,530 (KERRY K HOWARD, GENERAL MANAGER/CEO).
- How much revenue does LICKING VALLEY RURAL ELECTRIC CO-OP CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $42,347,084, expenses of $42,347,084 and total assets of $87,869,284 at year end.
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