2024-10-08T08:56:46-05:00 2023-12-31 610420207 JONES NALE & MATTINGLY PLC 401 WEST MAIN STREET SUITE 1100 LOUISVILLE KY 40202 990 2023-01-01 610259922 LICKING VALLEY RURAL ELECTRIC COOPERATIVE CORPORATION LICK 6067433179 PO BOX 605 WEST LIBERTY KY 41472 KERRY HOWARD GENERAL MGR/CEO 6067433179 2024-10-07 1 0 TRAVIS C FRICK P01728213 5025830248 2023 2024-10-15 13:58:12Z KERRY HOWARD PO BOX 605 WEST LIBERTY KY 41472 34304644 0 X WWW.LVRECC.COM X 1940 KY PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 17,728 CONSUMERS MONTHLY. 8 8 43 0 0 0 0 0 34672614 33432950 29437 51360 1156872 820334 35858923 34304644 7000 8000 1865089 -753994 4632824 4817311 0 0 0 29354010 30233327 35858923 34304644 0 0 79923890 83028628 40142558 43923602 39781332 39105026 PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 17,728 CONSUMERS MONTHLY. 0 0 34304644 8000 34000926 PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 17,728 CONSUMERS MONTHLY. 34304644 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 15 0 1 43 1 0 0 0 0 0 0 0 0 0 34000926 303718 0 0 0 X 8 8 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X SANDY BRADLEY ACCTG SUPERVISR 6067433179 PO BOX 605 WEST LIBERTY KY 41472 DARRELL CUNDIFF PRESIDENT 5.00 X X 3600 0 0 TED HOLBROOK VICE PRESIDENT 5.00 X X 3600 0 0 TOMMY HILL SEC-TREASURER 5.00 X X 7200 0 0 PHILIP WILLIAMS DIRECTOR 5.00 X 3600 0 0 J FRANK PORTER DIRECTOR 5.00 X 3600 0 0 KEVIN HOWARD DIRECTOR 5.00 X 3600 0 0 ALAN OLDFIELD DIRECTOR 5.00 X 3600 0 0 CK STACY DIRECTOR 5.00 X 3600 0 0 KERRY K HOWARD GENERAL MANAGER/CEO 40.00 X 214985 0 27209 SANDRA BRADLEY ACCOUNTANT 40.00 X 118733 0 22194 PEYTON LOUDERMILK SUPERVISOR/CONSTRUCTION 40.00 X 103973 0 33087 CHRISTOPHER J MURPHY GENERAL SUPERINTENDENT 40.00 X 116612 0 36138 586703 0 118628 4 0 1 0 BMC CONTRACTING LLC PO BOX 450 MT STERLING KY 40353 RIGHT OF WAY 2218549 HIGH LINE SERVICES LLC 14420 DEER HAVEN CT RUSH KY 41168 LINE CONSTRUCTION 704865 2 ELECTRIC REVENUE SERVICE 221000 33432950 33432950 33432950 51360 51360 G&T CAPITAL CREDITS 221000 402409 402409 JOINT USE ATTACHMENTS 221000 252358 252358 PATRONAGE CAP ALLOCATIONS 221000 165567 165567 820334 34304644 34000926 0 303718 8000 -753994 247385 2948074 298710 1084722 238420 46916 161781 191857 1656482 2882776 254431 COST OF POWER 22444020 DISTRIBUTION - MAINTENA 3940837 DISTRIBUTION - OPERATIO 2104832 ADMINISTRATIVE AND GENE 1208571 -4659176 34304644 281637 279875 1221923 7310295 6822400 1167593 1149650 869993 551350 89563507 36887393 50478583 52676114 19815789 20327316 79923890 83028628 3002637 3807527 30443731 32190213 6696190 7925862 40142558 43923602 X 226925 226975 -1513122 -1513122 41067529 40391173 39781332 39105026 79923890 83028628 X 0 -676306 X X 0 0 0 50569 50569 1725568 1237059 488509 86942780 35650334 51292446 844590 844590 52676114 INVESTMENTS IN ASSOCIATED ORGANIZATIONS- PARTRONAGE CAPITAL 19692141 C INVESTMENTS IN ASSOCIATED ORGANIZATIONS - NONGENERAL FUNDS 635175 C 20327316 CUSTOMER DEPOSITS 2386026 OTHER CURRENT AND ACCRUED LIABILITIES 710667 CONSUMER ADVANCES FOR CONSTRUCTION 335376 ACCUMULATED POSTRETIREMENT BENEFITS 4493793 7925862 0 SCHOLARSHIPS 8 8000 0 0 0 KERRY K HOWARD GENERAL MANAGER/CEO 214985 0 0 0 0 0 0 0 27209 0 242194 0 0 0 CHRISTOPHER J MURPHY GENERAL SUPERINTENDENT 116612 0 0 0 0 0 0 0 36138 0 152750 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - MUST BE A MEMBER TO RECEIVE ELECTRIC SERVICE. EACH MEMBER HAS 1 VOTE. MAY HAVE MORE THAN 1 SERVICE PER MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - NOMINATING COMMITTEE MEETS EVERY 4TH YEAR TO SELECT MEMBER TO RUN FOR DIRECTOR. MEMBER MAY RUN FOR DIRECTOR WITH PETITION SIGNED BY 50 OR MORE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B LINE 7B EXPLANATION - ARTICLES OF INCORPORATION CAN ONLY BE CHANGED BY A MAJORITY OF THE MEMBERSHIP. BY-LAWS MAY BE ALTERED, AMENDED, OR REPEALED BY THE BOARD OF DIRECTORS AT ANY REGULAR OR SPECIAL BOARD MEETING, PROVIDED, THAT THE NOTICE OF THE MEETING, SHALL HAVE CONTAINED A COPY OF THE PROPOSED ALTERATION, AMENDMENT, OR REPEAL. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - DIRECTORS ARE FURNISHED A DRAFT COPY OF THE 990 PRIOR TO FILING. THEY MAY MAKE INQUIRIES AND CHANGES OF THE INFORMATION CONTAINED IN THE FILING. ADDITIONALLY, DIRECTORS MEET WITH THE INDEPENDENT AUDITOR AND ARE ABLE TO ASK QUESTIONS AT THAT TIME. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS AND KEY EMPLOYEES ANNUALLY COMPLETE QUESTIONNAIRE ON FAMILY AND BUSINESS RELATIONSHIPS. FORM 990, PART VI, SECTION B, LINE 15 15A & B. BOARD OF DIRECTORS REVIEWS AND APPROVES COMPENSATION OF TOP MANAGEMENT, KEY EMPLOYEES AND OTHERS USING DATA PROVIDED BY STATE AND NATIONAL ORGANIZATION SURVEYS OF ELECTRIC COOPERATIVES. FORM 990, PART VI, SECTION C, LINE 19 COPY OF NON-DISCRIMINATION STATEMENT AND BY-LAWS ARE GIVEN TO EACH NEW MEMBER. BY-LAWS AND FINANCIAL STATEMENTS ARE PUBLISHED ANNUALLY IN NEWSLETTER MAILED TO EACH MEMBER. EACH YEAR AN ANNUAL MEETING OF MEMBERS IS HELD. FORM 990, PART XI, LINE 9: COMPREHENSIVE INCOME - POSTRETIREMENT BENEFITS 77,638. MARGINS ALLOCATED TO CUSTOMERS -753,994. CHANGE IN MEMBERSHIPS 50. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.