Nonprofit · EIN 61-0329022
SALT RIVER ELECTRIC COOPERATIVE CORPORATION
Tax-exempt · BARDSTOWN, KY 40004
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $148,380,526 | $148,380,526 | $0 | $226,824,146 | $80,962,181 | $145,861,965 |
| December 31, 2024 | 990 | $137,832,122 | $137,832,122 | $0 | $221,022,068 | $82,225,258 | $138,796,810 |
| December 31, 2023 | 990 | $134,671,914 | $134,671,914 | $0 | $212,048,137 | $77,762,683 | $134,285,454 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $474,096
- of which government grants
- $474,096
- Program service revenue
- $141,322,000
- Investment income
- $1,018,944
- Other revenue
- $5,565,486
Expenses
- Grants and similar amounts paid
- $10,000
- Benefits paid to members
- $7,312,496
- Compensation of officers, directors and key employees
- $682,269
- Other salaries and wages
- $6,679,574
- Salaries, compensation and benefits (total)
- $11,788,643
- Professional fundraising fees
- $0
- Legal fees
- $20,946
- Accounting fees
- $18,250
- Depreciation
- $5,773,838
Balance sheet and other
- Total assets, start of year
- $221,022,068
- Total assets, end of year
- $226,824,146
- Total liabilities, end of year
- $80,962,181
- Net assets, end of year
- $145,861,965
- Land, buildings and equipment
- $79,827,704
- Gross unrelated business income
- $180,436
- Gross receipts
- $148,380,526
- Employees
- 76
- Volunteers
- 0
- Year formed
- 1936
- 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 |
|---|---|---|---|---|
| TIM SHARP | PRESIDENT & CEO Officer | 45 | $410,754 | $57,593 |
| CHASE MILLS | COO Highest-paid employee | 45 | $171,262 | $42,748 |
| WILLIAM CLEMENTS | LINEMAN Highest-paid employee | 45 | $167,080 | $33,846 |
| JAIME ROBY | CFO Officer | 45 | $155,020 | $32,562 |
| RICHARD HOOPS | LINEMAN Highest-paid employee | 45 | $151,454 | $33,248 |
| WILLIAM TUCKER | LINEMAN Highest-paid employee | 45 | $148,235 | $33,035 |
| DAMIEN BALLARD | LINEMAN Highest-paid employee | 45 | $147,866 | $32,921 |
| JOHN HUTCHINS | DIRECTOR Trustee or director | 5 | $22,046 | $0 |
| JOSEPH OSBORNE | DIRECTOR Trustee or director | 5 | $21,446 | $0 |
| GEORGE MADDOX | SECRETARY Trustee or director, Officer | 5 | $20,246 | $0 |
| DARRELL TINGLE | TREASURER Trustee or director, Officer | 5 | $18,700 | $0 |
| DAVID STEVENS | VICE CHAIRMAN Trustee or director, Officer | 5 | $18,017 | $0 |
| LINDA WEST | CHAIRMAN Trustee or director, Officer | 5 | $17,040 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TIM SHARP | PRESIDENT & CEO Officer | 45 | $381,410 | $58,114 |
| CHASE MILLS | COO Highest-paid employee | 45 | $161,280 | $43,159 |
| WILLIAM CLEMENTS | LINEMAN Highest-paid employee | 45 | $160,435 | $34,810 |
| JAIME ROBY | CFO Officer | 45 | $146,543 | $41,518 |
| RICHARD HOOPS | LINEMAN Highest-paid employee | 45 | $153,311 | $34,573 |
| WILLIAM TUCKER | LINEMAN Highest-paid employee | 45 | $151,579 | $34,423 |
| DAMIEN BALLARD | LINEMAN Highest-paid employee | 45 | $149,433 | $34,220 |
| JOHN HUTCHINS | DIRECTOR Trustee or director | 5 | $23,790 | $0 |
| GEORGE MADDOX | SECRETARY Trustee or director, Officer | 5 | $22,390 | $0 |
| DARRELL TINGLE | TREASURER Trustee or director, Officer | 5 | $20,400 | $0 |
| JOSEPH OSBORNE | DIRECTOR Trustee or director | 5 | $20,400 | $0 |
| DAVID STEVENS | VICE CHAIRMAN Trustee or director, Officer | 5 | $19,800 | $0 |
| LINDA WEST | CHAIRMAN Trustee or director, Officer | 5 | $18,352 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TIM SHARP | PRESIDENT & CEO Key employee | 45 | $360,174 | $58,281 |
| CHASE MILLS | COO Highest-paid employee | 45 | $156,070 | $42,653 |
| WILLIAM TUCKER | LINEMAN Highest-paid employee | 45 | $163,674 | $34,870 |
| WILLIAM CLEMENTS | LINEMAN Highest-paid employee | 45 | $149,807 | $34,293 |
| RICHARD HOOPS | LINEMAN Highest-paid employee | 45 | $148,804 | $34,307 |
| JOSEPH SORRELL | LINEMAN Highest-paid employee | 45 | $138,527 | $25,394 |
| GEORGE MADDOX | SECRETARY Trustee or director, Officer | 5 | $18,207 | $0 |
| JOHN HUTCHINS | DIRECTOR Trustee or director | 5 | $17,749 | $0 |
| DAVID STEVENS | VICE CHAIRMAN Trustee or director, Officer | 5 | $17,600 | $0 |
| LINDA WEST | CHAIRMAN Trustee or director, Officer | 5 | $17,467 | $0 |
| JOSEPH OSBORNE | DIRECTOR Trustee or director | 5 | $17,207 | $0 |
| DARRELL TINGLE | TREASURER Trustee or director, Officer | 5 | $17,000 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 609, BARDSTOWN, KY 40004-0609
- Principal officer (990 for 2025)
- TIMOTHY J SHARP, PO BOX 609, BARDSTOWN, KY 40004
- Signed the 990
- TIMOTHY J SHARP, PRESIDENT & CEO
- Phone
- (502) 348-3931
- Website
- WWW.SRELECTRIC.COM
- Return prepared by
- JONES NALE & MATTINGLY PLC
Mission
DISTRIBUTION SALES OF ELECTRICITY ON A PATRONAGE BASIS TO AN AVERAGE OF APPROXIMATELY 57,596 CONSUMERS MONTHLY.
Program accomplishments
- PROVIDE DISTRIBUTION SALES OF ELECTRICITY TO AN AVERAGE OF APPROXIMATELY 57,596 CONSUMERS MONTHLY ON A PATRONAGE BASIS.Expenses $148,380,526 · grants $10,000 · revenue $145,988,417
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
- 61-0329022
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1957
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $226,824,146
- Income (IRS master file)
- $148,380,526
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $148,380,526 | $148,380,526 | $226,824,146 | IRS |
| 990 | December 2024 | $137,832,122 | $137,832,122 | $221,022,068 | IRS |
| 990 | December 2023 | $134,671,914 | $134,671,914 | $212,048,137 | XML |
| 990 | December 2022 | $141,723,833 | $141,723,833 | $201,692,612 | 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 61-0329022).
Questions about SALT RIVER ELECTRIC COOPERATIVE CORPORATION
- What is the EIN of SALT RIVER ELECTRIC COOPERATIVE CORPORATION?
- The employer identification number (EIN) of SALT RIVER ELECTRIC COOPERATIVE CORPORATION is 61-0329022.
- Is SALT RIVER ELECTRIC COOPERATIVE CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1957.
- Are donations to SALT RIVER ELECTRIC COOPERATIVE CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SALT RIVER ELECTRIC COOPERATIVE 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 SALT RIVER ELECTRIC COOPERATIVE 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 SALT RIVER ELECTRIC COOPERATIVE 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 SALT RIVER ELECTRIC COOPERATIVE CORPORATION?
- The 990 for the year ended December 31, 2025 names TIMOTHY J SHARP.
- Who are the officers and directors of SALT RIVER ELECTRIC COOPERATIVE CORPORATION?
- The 990 for the year ended December 31, 2025 lists 13 people; 13 received compensation from the organization, the highest $410,754 (TIM SHARP, PRESIDENT & CEO).
- How much revenue does SALT RIVER ELECTRIC COOPERATIVE CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $148,380,526, expenses of $148,380,526 and total assets of $226,824,146 at year end.
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