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Licking Valley Rural Electric Co Op Corporation

Organization summary

Type of Nonprofit

Designated as a Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$34.3M (2023)

Expenses
$34.3M (2023)

Total Assets
$83M (2023)

Total Liabilities
$43.9M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$34,304,644
Expenses
$34,304,644
Net Income
$0
Net Assets
$39,105,026
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $33,432,950
97.5%
Investment Income $51,360
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $820,334
2.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $247,385
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $2,948,074
8.6%
Assets/Debt
Total Assets $83,028,628
Total Liabilities $43,923,602
Net Assets $39,105,026
Club or Co-Op Income
Income From Members $34,000,926
Income From Other Sources $303,718
Compensation
Key Employees and Officers Compensation Related Other
Kerry K Howard (General Manager/Ceo) $214,985 $0 $27,209
Sandra Bradley (Accountant) $118,733 $0 $22,194
Christopher J Murphy (General Superintendent) $116,612 $0 $36,138
Peyton Loudermilk (Supervisor/Construction) $103,973 $0 $33,087
Tommy Hill (Sec Treasurer) $7,200 $0 $0
Darrell Cundiff (President) $3,600 $0 $0
Ted Holbrook (Vice President) $3,600 $0 $0
Philip Williams (Director) $3,600 $0 $0
J Frank Porter (Director) $3,600 $0 $0
Kevin Howard (Director) $3,600 $0 $0
Alan Oldfield (Director) $3,600 $0 $0
Ck Stacy (Director) $3,600 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$35,858,923
Expenses
$35,858,923
Net Income
$0
Net Assets
$39,781,332
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $34,672,614
96.7%
Investment Income $29,437
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,156,872
3.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $180,506
0.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $79,923,890
Total Liabilities $40,142,558
Net Assets $39,781,332
Club or Co-Op Income
Income From Members $34,923,291
Income From Other Sources $935,631
Compensation
Key Employees and Officers Compensation Related Other
Kerry K Howard (General Manager/Ceo) $147,506 $0 $26,489
Sandra Bradley (Accountant) $114,351 $0 $21,708
Matthew S Harris (Supervisor/Construction) $112,052 $0 $32,299
Christopher J Murphy (General Superintendent) $105,612 $0 $35,187
Tommy Hill (Sec Treasurer) $7,200 $0 $0
Philip Williams (Director) $4,200 $0 $0
Darrell Cundiff (President) $3,600 $0 $0
Ted Holbrook (Vice President) $3,600 $0 $0
J Frank Porter (Director) $3,600 $0 $0
Kevin Howard (Director) $3,600 $0 $0
Alan Oldfield (Director) $3,600 $0 $0
Ck Stacy (Director) $3,600 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$29,906,609
Expenses
$29,906,609
Net Income
$0
Net Assets
$38,934,178
Notable Sources of Revenue Percent of Total Revenue
Contributions $563,488
1.9%
Program Services $28,871,958
96.5%
Investment Income $29,417
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $441,746
1.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $172,622
0.6%
Professional Fundraising Fees $0
Other Salaries and Wages $2,840,197
9.5%
Assets/Debt
Total Assets $77,334,873
Total Liabilities $38,400,695
Net Assets $38,934,178
Club or Co-Op Income
Income From Members $291,877,926
Income From Other Sources $718,683
Compensation
Key Employees and Officers Compensation Related Other
Kerry K Howard (General Manager/Ceo) $141,722 $0 $25,929
Sandra Bradley (Accountant) $116,151 $0 $21,402
Matthew S Harris (Supervisor/Construction) $106,507 $0 $32,507
Christopher J Murphy (General Superintendent) $103,707 $0 $34,704
Tommy Hill (Sec Treasurer) $7,200 $0 $0
Philip Williams (Director) $3,900 $0 $0
Darrell Cundiff (President) $3,600 $0 $0
Ted Holbrook (Vice President) $3,600 $0 $0
J Frank Porter (Director) $3,600 $0 $0
Kevin Howard (Director) $3,600 $0 $0
Alan Oldfield (Director) $3,300 $0 $0
Ck Stacy (Director) $1,200 $0 $0
Travis Stacy (Director) $900 $0 $0

Document Links

Fiscal Year Ending Oct.
2021

No Extracted Financial Data

Form 990 documents are not available for this tax period, but audit documents are available for download.

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$27,046,835
Expenses
$27,046,835
Net Income
$0
Net Assets
$37,132,371
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $26,277,161
97.2%
Investment Income $29,867
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $739,807
2.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $32,400
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $2,739,979
10.1%
Assets/Debt
Total Assets $75,203,882
Total Liabilities $38,071,511
Net Assets $37,132,371
Club or Co-Op Income
Income From Members $26,985,850
Income From Other Sources $60,985
Compensation
Key Employees and Officers Compensation Related Other
Kerry K Howard (General Manager/Ceo) $135,309 $0 $24,930
Sandra Bradley (Accountant) $117,720 $0 $21,433
Suzanne Lambert Vance (Exec Assistant) $102,694 $0 $33,732
Tommy Hill (Sec Treasurer) $7,500 $0 $0
Philip Williams (Director) $4,200 $0 $0
Darrell Cundiff (President) $3,600 $0 $0
Kevin Howard (Director) $3,600 $0 $0
Ted Holbrook (Vice President) $3,600 $0 $0
J Frank Porter (Director) $3,600 $0 $0
Travis Stacy (Director) $3,600 $0 $0
Andrew Jones (Director) $2,700 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$28,384,753
Expenses
$28,384,753
Net Income
$0
Net Assets
$35,053,782
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $27,218,736
95.9%
Investment Income $33,083
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,132,934
4.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $153,558
0.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,597,183
9.1%
Assets/Debt
Total Assets $74,369,709
Total Liabilities $39,315,927
Net Assets $35,053,782
Club or Co-Op Income
Income From Members $28,258,144
Income From Other Sources $126,609
Compensation
Key Employees and Officers Compensation Related Other
Sandra Bradley (Accountant) $123,278 $0 $21,203
Kerry K Howard (General Manager/Ceo) $120,858 $0 $25,608
Suzanne Lambert Vance (Exec Assistant) $105,731 $0 $32,773
Tommy Hill (Sec Treasurer) $7,200 $0 $0
Phillip Williams (Director) $3,900 $0 $0
Darrell Cundiff (President) $3,600 $0 $0
Kevin Howard (Director) $3,600 $0 $0
Ted Holbrook (Vice President) $3,600 $0 $0
Dolores Jones (Director) $3,600 $0 $0
J Frank Porter (Director) $3,600 $0 $0
Travis Stacy (Director) $3,600 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$28,991,589
Expenses
$28,991,589
Net Income
$0
Net Assets
$34,051,724
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $27,899,388
96.2%
Investment Income $29,846
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,062,355
3.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $157,365
0.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,665,147
9.2%
Assets/Debt
Total Assets $73,203,845
Total Liabilities $39,152,121
Net Assets $34,051,724
Club or Co-Op Income
Income From Members $28,883,775
Income From Other Sources $107,814
Compensation
Key Employees and Officers Compensation Related Other
Sandra Bradley (Accountant) $124,594 $0 $20,974
Kerry K Howard (General Manager/Ceo) $124,365 $0 $24,335
Tommy Hill (Sec Treasurer) $7,200 $0 $0
Phillip Williams (Director) $4,200 $0 $0
Darrell Cundiff (President) $3,600 $0 $0
Kevin Howard (Director) $3,600 $0 $0
Ted Holbrook (Vice President) $3,600 $0 $0
Dolores Jones (Director) $3,600 $0 $0
J Frank Porter (Director) $3,600 $0 $0
Travis Stacy (Director) $3,600 $0 $0
Suzanne Lambert Vance (Exec Assistant) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$27,520,548
Expenses
$27,520,548
Net Income
$0
Net Assets
$32,909,082
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $26,863,177
97.6%
Investment Income $29,826
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $627,545
2.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $156,297
0.6%
Professional Fundraising Fees $0
Other Salaries and Wages $2,631,378
9.6%
Assets/Debt
Total Assets $71,110,734
Total Liabilities $38,201,652
Net Assets $32,909,082
Club or Co-Op Income
Income From Members $26,863,177
Income From Other Sources $155,023
Compensation
Key Employees and Officers Compensation Related Other
Kerry K Howard (General Manager/Ceo) $125,697 $0 $24,184
Sandra Bradley (Accountant) $122,360 $0 $20,827
Suzanne Lambert Vance (Exec Assistant) $112,380 $0 $32,757
Ted Holbrook (Vice President) $5,700 $0 $0
Tommy Hill (Sec Treasurer) $5,700 $0 $0
Phillip Williams (Director) $4,200 $0 $0
Darrell Cundiff (President) $3,600 $0 $0
Dolores Jones (Director) $3,600 $0 $0
J Frank Porter (Director) $3,600 $0 $0
Kevin Howard (Director) $2,100 $0 $0
Travis Stacy (Director) $2,100 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$28,309,667
Expenses
$28,309,667
Net Income
$0
Net Assets
$32,297,580
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $26,971,268
95.3%
Investment Income $29,883
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,308,516
4.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $152,110
0.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,639,720
9.3%
Assets/Debt
Total Assets $67,943,810
Total Liabilities $35,646,230
Net Assets $32,297,580
Club or Co-Op Income
Income From Members $26,971,268
Income From Other Sources $106,294
Compensation
Key Employees and Officers Compensation Related Other
Kerry K Howard (General Manager/Ceo) $119,110 $0 $23,639
Sandra Bradley (Accountant) $116,447 $0 $20,360
Ted Holbrook (Sec/Treasurer) $7,500 $0 $0
Phillip Williams (Director) $3,900 $0 $0
Darrell Cundiff (President) $3,600 $0 $0
Michael Adams (Vice President) $3,600 $0 $0
Tommy Hill (Director) $3,600 $0 $0
Dolores Jones (Director) $3,600 $0 $0
J Frank Porter (Director) $3,600 $0 $0
Ck Stacy (Director) $3,600 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$28,277,162
Expenses
$28,277,162
Net Income
$0
Net Assets
$31,357,210
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $26,879,373
95.1%
Investment Income $29,879
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,367,910
4.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $147,539
0.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,650,306
9.4%
Assets/Debt
Total Assets $64,831,514
Total Liabilities $33,474,304
Net Assets $31,357,210
Club or Co-Op Income
Income From Members $26,879,373
Income From Other Sources $130,827
Compensation
Key Employees and Officers Compensation Related Other
Kerry K Howard (General Manager/Ceo) $114,539 $0 $23,214
Sandra Bradley (Accountant) $110,722 $0 $20,010
Ted Holbrook (Sec/Treasurer) $7,200 $0 $0
Phillip Williams (Director) $4,200 $0 $0
Darrell Cundiff (President) $3,600 $0 $0
Michael Adams (Vice President) $3,600 $0 $0
Tommy Hill (Director) $3,600 $0 $0
Dolores Jones (Director) $3,600 $0 $0
J Frank Porter (Director) $3,600 $0 $0
Ck Stacy (Director) $3,600 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$31,269,416
Expenses
$31,269,416
Net Income
$0
Net Assets
$31,139,485
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $29,731,493
95.1%
Investment Income $29,879
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,508,044
4.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $145,307
0.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,699,489
8.6%
Assets/Debt
Total Assets $63,979,839
Total Liabilities $32,840,354
Net Assets $31,139,485
Club or Co-Op Income
Income From Members $29,731,493
Income From Other Sources $143,377
Compensation
Key Employees and Officers Compensation Related Other
Kerry K Howard (General Manager/Ceo) $112,307 $0 $22,859
Sandra Bradley (Accountant) $107,863 $0 $19,720
Ted Holbrook (Sec/Treasurer) $7,500 $0 $0
Phillip Williams (Director) $3,900 $0 $0
Darrell Cundiff (President) $3,600 $0 $0
Michael Adams (Vice President) $3,600 $0 $0
Tommy Hill (Director) $3,600 $0 $0
Dolores Jones (Director) $3,600 $0 $0
J Frank Porter (Director) $3,600 $0 $0
Ck Stacy (Director) $3,600 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$31,167,161
Expenses
$31,167,161
Net Income
$0
Net Assets
$29,745,164
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $29,327,216
94.1%
Investment Income $29,866
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,810,079
5.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $148,664
0.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,474,997
7.9%
Assets/Debt
Total Assets $61,784,498
Total Liabilities $32,039,334
Net Assets $29,745,164
Club or Co-Op Income
Income From Members $29,327,216
Income From Other Sources $190,514
Compensation
Key Employees and Officers Compensation Related Other
Kerry K Howard (General Manager/Ceo) $115,964 $0 $22,629
Sandra Bradley (Accountant) $104,400 $0 $19,547
Ted Holbrook (Sec/Treasurer) $7,500 $0 $0
Darrell Cundiff (President) $3,600 $0 $0
Michael Adams (Vice President) $3,600 $0 $0
Tommy Hill (Director) $3,600 $0 $0
Dolores Jones (Director) $3,600 $0 $0
J Frank Porter (Director) $3,600 $0 $0
Ck Stacy (Director) $3,600 $0 $0
Phillip Williams (Director) $3,600 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$29,236,728
Expenses
$29,236,728
Net Income
$0
Net Assets
$27,284,145
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $27,744,613
94.9%
Investment Income $30,084
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,462,031
5.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $138,523
0.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,769,791
9.5%
Assets/Debt
Total Assets $59,369,289
Total Liabilities $32,085,144
Net Assets $27,284,145
Club or Co-Op Income
Income From Members $27,744,613
Income From Other Sources $220,024

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$29,870,555
Expenses
$27,784,310
Net Income
$2,086,245
Net Assets
$25,747,710
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $28,271,123
94.6%
Investment Income $31,414
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,568,018
5.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $138,998
0.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,478,935
8.9%
Assets/Debt
Total Assets $56,756,650
Total Liabilities $31,008,940
Net Assets $25,747,710
Club or Co-Op Income
Income From Members $28,271,123
Income From Other Sources $178,921

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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