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Kay Electric Cooperative Incorporate

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
$47M (2022)

Expenses
$46.8M (2022)

Total Assets
$96.6M (2022)

Total Liabilities
$49.4M (2022)

Years with missing data
Source: Form 990 tax filings from 2011 to 2022

Tax Filings 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.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$47,046,293
Expenses
$46,816,280
Net Income
$230,013
Net Assets
$47,180,857
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $46,572,928
99.0%
Investment Income $131,820
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $8,171
0.0%
Net Fundraising $0
Sales of Assets $164,891
0.4%
Net Inventory Sales -$812
Other Revenue $169,295
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,141,734
2.4%
Professional Fundraising Fees $0
Other Salaries and Wages $1,551,284
3.3%
Assets/Debt
Total Assets $96,629,831
Total Liabilities $49,448,974
Net Assets $47,180,857
Club or Co-Op Income
Income From Members $46,142,421
Income From Other Sources $925,619
Compensation
Key Employees and Officers Compensation Related Other
Jason Boesch (Chief Executive Officer) $220,095 $0 $213,794
Douglas Worley (Director Of Engineering) $159,232 $0 $39,448
Joseph Soulek (Chief Operating Officer) $157,601 $0 $81,398
David Childers (Director Of Accounting) $136,013 $0 $79,199
Heath Lambert (Director Of Operations) $120,763 $0 $76,317
Terry Grace (Line Foreman) $109,072 $0 $40,851
Verl Brorsen (Vice President) $38,177 $0 $0
Ron Shoffner (Secretary/Treasurer) $30,510 $0 $0
Max Hohmann (President) $30,377 $0 $0
Tim Blanton (Trustee) $29,994 $0 $0
Brady Hostetler (Trustee) $28,639 $0 $0
Jake Olsen (Trustee) $28,579 $0 $0
Chad Otto (Trustee) $26,641 $0 $0
Michael Lebeda (Trustee) $26,469 $0 $0
Bart Cardwell (Trustee (May Dec)) $21,683 $0 $0
Kent Mcaninch (Trustee (Jan April)) $9,097 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$38,874,872
Expenses
$38,740,860
Net Income
$134,012
Net Assets
$45,219,936
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $38,388,916
98.7%
Investment Income $109,077
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $19,100
0.0%
Net Fundraising $0
Sales of Assets $17,441
0.0%
Net Inventory Sales -$1,155
Other Revenue $341,493
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,289,961
3.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,428,398
3.7%
Assets/Debt
Total Assets $91,756,147
Total Liabilities $46,536,211
Net Assets $45,219,936
Club or Co-Op Income
Income From Members $39,438,105
Income From Other Sources $531,765
Compensation
Key Employees and Officers Compensation Related Other
Jason Boesch (Chief Executive Officer) $212,280 $0 $180,980
Douglas Worley (Director Of Engineering) $152,791 $0 $129,833
Joseph Soulek (Chief Operating Officer) $147,988 $0 $78,843
David Childers (Director Of Accounting) $130,290 $0 $75,456
Timothy Rodridguez (Chief Executive Officer (Jan Mar)) $119,190 $0 $25,807
Terry Grace (Line Foreman) $113,939 $0 $40,841
Heath Lamberyt (Director Of Operations) $113,510 $0 $67,073
Verl Brorsen (Vice President) $29,145 $0 $0
Kent Mcaninch (Trustee) $28,358 $0 $0
Brady Hostetler (Trustee) $26,919 $0 $0
Jake Olsen (Trustee) $26,655 $0 $0
Michael Lebeda (Trustee) $26,464 $0 $0
Chad Otto (Trustee) $26,345 $0 $0
Max Hohmann (President) $26,263 $0 $0
Ron Shoffner (Secretary/Treasurer) $26,223 $0 $0
Tim Blanton (Trustee) $25,877 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$32,473,163
Expenses
$32,179,034
Net Income
$294,129
Net Assets
$44,023,582
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $31,646,028
97.5%
Investment Income $313,440
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $27,615
0.1%
Net Fundraising $0
Sales of Assets $10,508
0.0%
Net Inventory Sales $242
0.0%
Other Revenue $475,330
1.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $907,768
2.8%
Professional Fundraising Fees $0
Other Salaries and Wages $1,620,762
5.0%
Assets/Debt
Total Assets $87,776,196
Total Liabilities $43,752,614
Net Assets $44,023,582
Club or Co-Op Income
Income From Members $32,871,725
Income From Other Sources $862,917
Compensation
Key Employees and Officers Compensation Related Other
Timothy Rodriguez (Ceo) $240,480 $0 $179,209
Douglas Worley (Director Of Engineering) $146,483 $0 $115,367
Joseph Soulek (Coo) $140,468 $0 $73,042
David Childers (Director Of Accounting) $128,606 $0 $70,552
Clinton White (Line Foreman) $112,357 $0 $62,917
James Rigdon (Line Foreman) $106,565 $0 $68,764
Chad Shepherd (Staking) $104,921 $0 $74,801
Kent Mcaninch (Trustee) $33,457 $0 $0
Verl Brorsen (Vice President) $31,867 $0 $0
Tim Blanton (Trustee) $31,858 $0 $0
Brady Hostetler (Trustee) $31,836 $0 $0
Max Hohmann (President) $30,840 $0 $0
Ron Shoffner (Secretary/Treasurer) $30,500 $0 $0
Jake Olsen (Trustee) $30,345 $0 $0
Michael Lebeda (Trustee) $27,227 $0 $0
Chad Otto (Trustee) $26,639 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$34,475,847
Expenses
$34,364,423
Net Income
$111,424
Net Assets
$42,023,220
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $33,862,029
98.2%
Investment Income $194,400
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $12,177
0.0%
Net Fundraising $0
Sales of Assets $24,361
0.1%
Net Inventory Sales -$1,818
Other Revenue $384,698
1.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $918,217
2.7%
Professional Fundraising Fees $0
Other Salaries and Wages $1,652,810
4.8%
Assets/Debt
Total Assets $83,849,236
Total Liabilities $41,826,016
Net Assets $42,023,220
Club or Co-Op Income
Income From Members $34,023,386
Income From Other Sources $611,967
Compensation
Key Employees and Officers Compensation Related Other
Tim Rodriguez (Ceo) $210,355 $0 $190,158
Doug Worley (Director Of Engineering) $133,642 $0 $108,218
Jd Soulek (Coo) $130,690 $0 $101,071
Dave Childers (Director Of Accounting) $126,487 $0 $60,603
Jim Maupin (Director Of Operations) $122,066 $0 $76,065
Terry Grace (Line Foreman) $109,629 $0 $35,255
Clinton White (Line Foreman) $104,418 $0 $59,437
Kent Mcaninch (Trustee) $36,584 $0 $0
Jake Olsen (Trustee) $33,723 $0 $0
Max Hohmann (President) $33,711 $0 $0
Brady Hostetler (Trustee) $31,988 $0 $0
Ron Shoffner (Secretary/Treasurer) $31,862 $0 $0
Mike Lebeda (Trustee) $31,797 $0 $0
Tim Blanton (Trustee) $29,874 $0 $0
Chad Otto (Trustee) $29,099 $0 $0
Verl Brorsen (Vice President) $27,305 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$34,631,223
Expenses
$34,480,446
Net Income
$150,777
Net Assets
$40,648,697
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $34,070,154
98.4%
Investment Income $188,962
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $11,694
0.0%
Net Fundraising $0
Sales of Assets $29,941
0.1%
Net Inventory Sales -$6,016
Other Revenue $336,488
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $886,819
2.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,712,734
5.0%
Assets/Debt
Total Assets $81,406,718
Total Liabilities $40,758,021
Net Assets $40,648,697
Club or Co-Op Income
Income From Members $34,080,576
Income From Other Sources $694,354
Compensation
Key Employees and Officers Compensation Related Other
Tim Rodriguez (Ceo) $205,801 $0 $179,792
Doug Worley (Director Of Engineering) $131,168 $0 $100,653
Jd Soulek (Coo) $129,308 $0 $89,170
Dave Childers (Director Of Accounting) $123,649 $0 $60,208
Jim Maupin (Director Of Operations) $111,433 $0 $65,983
Terry Grace (Line Foreman) $103,554 $0 $20,398
Jake Olsen (Trustee) $36,665 $0 $0
Kent Mcaninch (Trustee) $33,529 $0 $0
Tim Blanton (Trustee) $33,379 $0 $0
Verl Brorsen (Vice President) $33,330 $0 $0
Max Hohmann (President) $33,212 $0 $0
Brady Hostetler (Trustee) $31,111 $0 $0
Chad Otto (Trustee) $27,859 $0 $0
Mike Lebeda (Trustee) $26,981 $0 $0
Ron Shoffner (Secretary/Treasurer) $26,682 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$34,305,415
Expenses
$34,190,291
Net Income
$115,124
Net Assets
$39,288,042
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $33,758,166
98.4%
Investment Income $163,024
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $12,539
0.0%
Net Fundraising $0
Sales of Assets $17,575
0.1%
Net Inventory Sales -$4,140
Other Revenue $358,251
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $833,132
2.4%
Professional Fundraising Fees $0
Other Salaries and Wages $1,665,766
4.9%
Assets/Debt
Total Assets $81,573,662
Total Liabilities $42,285,620
Net Assets $39,288,042
Club or Co-Op Income
Income From Members $34,233,923
Income From Other Sources $620,947
Compensation
Key Employees and Officers Compensation Related Other
Tim Rodriguez (Ceo) $194,499 $0 $156,460
Doug Worley (Director Of Engineering) $122,355 $0 $91,551
Jd Soulek (Coo) $111,804 $0 $82,050
Jim Maupin (Director Of Operations) $100,298 $0 $63,720
Kent Mcaninch (Trustee) $36,783 $0 $0
Max Hohmann (President) $36,399 $0 $0
Tim Blanton (Trustee) $33,542 $0 $0
Mike Lebeda (Trustee) $33,251 $0 $0
Verl Brorsen (Vice President) $31,170 $0 $0
Jake Olsen (Trustee) $30,960 $0 $0
Brady Hostetler (Trustee) $30,548 $0 $0
Ron Shoffner (Secretary/Treasurer) $30,005 $0 $0
Chad Otto (Trustee) $25,661 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$36,603,777
Expenses
$36,497,796
Net Income
$105,981
Net Assets
$37,333,661
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $35,250,143
96.3%
Investment Income $125,757
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $12,055
0.0%
Net Fundraising $0
Sales of Assets $58,105
0.2%
Net Inventory Sales -$9,025
Other Revenue $1,166,742
3.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $853,538
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,657,709
4.5%
Assets/Debt
Total Assets $77,930,415
Total Liabilities $40,596,754
Net Assets $37,333,661
Club or Co-Op Income
Income From Members $35,075,048
Income From Other Sources $589,788
Compensation
Key Employees and Officers Compensation Related Other
Tim Rodriguez (Ceo) $211,261 $0 $159,668
Doug Worley (Director Of Engineering) $128,390 $0 $89,168
Jd Soulek (Coo) $118,409 $0 $78,922
Kent Mcaninch (Trustee) $39,248 $0 $0
Max Hohmann (President) $32,657 $0 $0
Verl Brorsen (Vice President) $32,463 $0 $0
Jake Olsen (Trustee) $32,081 $0 $0
Tim Blanton (Trustee) $31,162 $0 $0
Mike Lebeda (Trustee) $30,607 $0 $0
Brady Hostetler (Trustee) $29,639 $0 $0
Ron Shoffner (Secretary/Treasurer) $29,254 $0 $0
Chad Otto (Trustee) $28,167 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$41,313,438
Expenses
$41,192,457
Net Income
$120,981
Net Assets
$34,738,674
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $40,498,276
98.0%
Investment Income $89,985
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $10,197
0.0%
Net Fundraising $0
Sales of Assets $101,861
0.2%
Net Inventory Sales -$327
Other Revenue $613,446
1.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $783,408
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $1,549,137
3.8%
Assets/Debt
Total Assets $73,774,828
Total Liabilities $39,036,154
Net Assets $34,738,674
Club or Co-Op Income
Income From Members $41,261,208
Income From Other Sources $2,032,697
Compensation
Key Employees and Officers Compensation Related Other
Tim Rodriguez (Ceo) $182,562 $0 $170,413
David Reser (Director Of Operations) $136,155 $0 $84,575
Doug Worley (Director Of Engineering) $115,693 $0 $79,517
Jd Soulek (Coo) $106,747 $0 $72,929
Max Hohmann (President) $30,585 $0 $0
Verl Brorsen (Vice President) $30,568 $0 $0
Tim Blanton (Trustee) $28,965 $0 $0
Brady Hostetler (Trustee) $28,915 $0 $0
Kent Mcaninch (Trustee) $28,563 $0 $0
Jake Olsen (Trustee) $27,190 $0 $0
Chad Otto (Trustee) $26,505 $0 $0
Ron Shoffner (Secretary/Treasurer) $24,739 $0 $0
Mike Lebeda (Trustee) $24,727 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$46,025,350
Expenses
$45,954,297
Net Income
$71,053
Net Assets
$30,191,084
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $45,792,122
99.5%
Investment Income $76,833
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $4,909
0.0%
Net Fundraising $0
Sales of Assets -$4,150
Net Inventory Sales $496
0.0%
Other Revenue $155,140
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,037,512
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,301,658
2.8%
Assets/Debt
Total Assets $71,342,958
Total Liabilities $41,151,874
Net Assets $30,191,084
Club or Co-Op Income
Income From Members $45,544,341
Income From Other Sources $355,635
Compensation
Key Employees and Officers Compensation Related Other
Tim Rodriguez (Ceo (April Current)) $186,613 $0 $137,981
Joe Harris (Ceo (January March)) $170,131 $0 $86,913
David Reser (Director Of Operations) $139,714 $0 $80,945
Doug Worley (Director Of Engineering) $112,149 $0 $61,276
Jd Soulek (Coo) $111,166 $0 $56,296
Kent Mcaninch (Trustee) $38,658 $0 $0
Jake Olsen (Trustee) $36,358 $0 $0
Tim Blanton (Trustee) $33,249 $0 $0
Max Hohmann (President) $32,767 $0 $0
Mike Lebeda (Trustee) $30,411 $0 $0
Brady Hostetler (Trustee) $30,110 $0 $0
Chad Otto (Trustee) $29,675 $0 $0
Ron Shoffner (Secretary/Treasurer) $29,035 $0 $0
Verl Brorsen (Vice President) $28,149 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$37,176,776
Expenses
$33,159,117
Net Income
$4,017,659
Net Assets
$23,159,262
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $35,146,757
94.5%
Investment Income $62,589
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,967,430
5.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $694,300
2.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $63,067,619
Total Liabilities $39,908,357
Net Assets $23,159,262
Club or Co-Op Income
Income From Members $35,146,757
Income From Other Sources $2,030,019

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$28,820,156
Expenses
$26,887,001
Net Income
$1,933,155
Net Assets
$17,433,975
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $27,952,064
97.0%
Investment Income $75,711
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $792,381
2.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $630,324
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $47,008,879
Total Liabilities $29,574,904
Net Assets $17,433,975
Club or Co-Op Income
Income From Members $28,108,537
Income From Other Sources $711,619

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.
2006

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.

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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 »

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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.
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