Nonprofit · EIN 61-0359668
TAYLOR COUNTY RURAL ELECTRIC COOPERATIVE CORPORATION
Tax-exempt · CAMPBELLSVLLE, KY 42718
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $67,349,652 | $67,349,652 | $0 | $119,953,341 | $54,828,596 | $65,124,745 |
| December 31, 2024 | 990 | $62,791,072 | $62,791,072 | $0 | $114,642,587 | $51,007,633 | $63,634,954 |
| December 31, 2023 | 990 | $57,000,482 | $57,000,482 | $0 | $110,772,331 | $49,483,210 | $61,289,121 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $65,010,536
- Investment income
- $31,648
- Net gain from sales of assets
- $8,022
- Other revenue
- $2,307,468
Expenses
- Grants and similar amounts paid
- $4,000
- Benefits paid to members
- $1,640,051
- Compensation of officers, directors and key employees
- $532,895
- Other salaries and wages
- $5,565,463
- Salaries, compensation and benefits (total)
- $8,670,751
- Professional fundraising fees
- $0
- Legal fees
- $132,110
- Accounting fees
- $20,400
- Depreciation
- $3,937,054
Balance sheet and other
- Total assets, start of year
- $114,642,587
- Total assets, end of year
- $119,953,341
- Total liabilities, end of year
- $54,828,596
- Net assets, end of year
- $65,124,745
- Land, buildings and equipment
- $74,461,531
- Gross receipts
- $67,356,934
- Employees
- 65
- Volunteers
- 0
- Year formed
- 1938
- 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 |
|---|---|---|---|---|
| JEFFREY WILLIAMS | CEO Officer | 40 | $263,827 | $70,895 |
| MIKE SKAGGS | VP OF ENGINEERING Highest-paid employee | 40 | $153,212 | $51,353 |
| DAVID B VAUGHN | VP OF OPERATIONS Highest-paid employee | 40 | $144,097 | $49,731 |
| TRACY MOSS | SERVICEMAN Highest-paid employee | 52 | $152,431 | $37,260 |
| DAVID KARNES | VP OF ADMINISTRATION Highest-paid employee | 40 | $139,579 | $49,801 |
| PATSY WALTERS | VP OF FINANCE & CUST SRV Officer | 40 | $132,093 | $49,195 |
| JOHN EDWARDS | SERVICEMAN Highest-paid employee | 47 | $142,037 | $37,553 |
| GREG CORBIN | DIRECTOR Trustee or director | 8 | $21,100 | $0 |
| BRADLEY IRVIN | TREASURER Trustee or director, Officer | 4 | $19,800 | $0 |
| MARK WOODRUM | SECRETARY Trustee or director, Officer | 4 | $19,800 | $0 |
| WAYNE STEARMAN | DIRECTOR Trustee or director | 3 | $19,800 | $0 |
| CHAD TAYLOR | PRESIDENT Trustee or director, Officer | 5 | $19,475 | $0 |
| CHRIS TUCKER | VICE-PRESIDENT Trustee or director, Officer | 5 | $18,825 | $0 |
| KYLE MILBY | DIRECTOR Trustee or director | 2 | $18,175 | $0 |
990 for the year ended December 31, 2024: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JEFFREY WILLIAMS | CEO Officer | 40 | $238,627 | $68,162 |
| LAWRENCE LONG | SERVICEMAN Highest-paid employee | 60 | $148,415 | $41,006 |
| MIKE SKAGGS | VP OF ENGINEERING Highest-paid employee | 40 | $127,269 | $48,556 |
| TRACY MOSS | SERVICEMAN Highest-paid employee | 56 | $137,335 | $35,922 |
| STEVEN SHOFNER | FOREMAN Highest-paid employee | 50 | $126,115 | $42,497 |
| JOHN EDWARDS | SERVICEMAN Highest-paid employee | 51 | $119,569 | $36,475 |
| PATSY WALTERS | VP OF FINANCE & CUSTOMER SERVICE Officer | 40 | $105,165 | $44,734 |
| GREG CORBIN | DIRECTOR Trustee or director | 8 | $24,350 | $0 |
| CHRIS TUCKER | VICE-PRESIDENT Trustee or director, Officer | 5 | $23,375 | $0 |
| BRADLEY IRVIN | TREASURER Trustee or director, Officer | 4 | $21,475 | $0 |
| WAYNE STEARMAN | DIRECTOR Trustee or director | 3 | $20,450 | $0 |
| MARK WOODRUM | SECRETARY Trustee or director, Officer | 4 | $19,800 | $0 |
| KYLE MILBY | DIRECTOR Trustee or director | 2 | $19,800 | $0 |
| CHAD TAYLOR | PRESIDENT Trustee or director, Officer | 5 | $18,825 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JEFFREY WILLIAMS | CEO Officer | 40 | $216,926 | $64,570 |
| LAWRENCE LONG | SERVICEMAN Highest-paid employee | 40 | $153,185 | $41,499 |
| TRACY MOSS | SERVICEMAN Highest-paid employee | 40 | $132,502 | $36,033 |
| MIKE SKAGGS | ENG & OPERATIONS MANAGER Highest-paid employee | 40 | $120,415 | $47,487 |
| JOHN EDWARDS | SERVICEMAN Highest-paid employee | 40 | $129,670 | $36,291 |
| STEVEN SHOFNER | FOREMAN Highest-paid employee | 40 | $119,354 | $41,649 |
| DONALD SHUFFETT | DIRECTOR Trustee or director | 2 | $40,336 | $0 |
| RAYMOND RUCKER | DIRECTOR Trustee or director | 2 | $32,761 | $0 |
| CHRIS TUCKER | VICE-PRESIDENT Trustee or director, Officer | 4 | $23,900 | $0 |
| CHAD TAYLOR | PRESIDENT Trustee or director, Officer | 5 | $22,025 | $0 |
| MARK WOODRUM | SECRETARY Trustee or director, Officer | 4 | $21,700 | $0 |
| BRADLEY IRVIN | TREASURER Trustee or director, Officer | 3 | $21,100 | $0 |
| GREG CORBIN | DIRECTOR Trustee or director | 5 | $19,800 | $0 |
| WAYNE STEARMAN | DIRECTOR Trustee or director | 1 | $8,900 | $0 |
| KYLE MILBY | DIRECTOR Trustee or director | 1 | $8,250 | $0 |
Address and contacts
- Address (IRS master file)
- 625 W MAIN ST, CAMPBELLSVLLE, KY 42718-2510
- Principal officer (990 for 2025)
- JEFFREY WILLIAMS, PO BOX 100, CAMPBELLSVILLE, KY 42719
- Signed the 990
- JEFFREY WILLIAMS, CEO
- Phone
- (844) 970-2739
- Website
- WWW.TCRECC.COM
- Return prepared by
- JONES NALE & MATTINGLY PLC
Mission
DISTRIBUTION SALES OF ELECTRICITY TO A MONTHLY AVERAGE OF APPROXIMATELY 28,043 CONSUMERS ON A PATRONAGE BASIS.
Program accomplishments
- DISTRIBUTION SALES OF ELECTRICITY TO A MONTHLY AVERAGE OF APPROXIMATELY 28,043 CONSUMERS ON A PATRONAGE BASIS.Expenses $67,349,652 · grants $4,000 · revenue $67,019,069
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
- 61-0359668
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1940
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $119,953,341
- Income (IRS master file)
- $67,356,934
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $67,349,652 | $67,349,652 | $119,953,341 | IRS |
| 990 | December 2024 | $62,791,072 | $62,791,072 | $114,642,587 | IRS |
| 990 | December 2023 | $57,000,482 | $57,000,482 | $110,772,331 | XML |
| 990 | December 2022 | $62,598,372 | $62,598,372 | $105,673,613 | 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 61-0359668).
Questions about TAYLOR COUNTY RURAL ELECTRIC COOPERATIVE CORPORATION
- What is the EIN of TAYLOR COUNTY RURAL ELECTRIC COOPERATIVE CORPORATION?
- The employer identification number (EIN) of TAYLOR COUNTY RURAL ELECTRIC COOPERATIVE CORPORATION is 61-0359668.
- Is TAYLOR COUNTY RURAL ELECTRIC COOPERATIVE CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1940.
- Are donations to TAYLOR COUNTY RURAL ELECTRIC COOPERATIVE CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does TAYLOR COUNTY RURAL 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 TAYLOR COUNTY RURAL 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 TAYLOR COUNTY RURAL 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 TAYLOR COUNTY RURAL ELECTRIC COOPERATIVE CORPORATION?
- The 990 for the year ended December 31, 2025 names JEFFREY WILLIAMS.
- Who are the officers and directors of TAYLOR COUNTY RURAL ELECTRIC COOPERATIVE CORPORATION?
- The 990 for the year ended December 31, 2025 lists 14 people; 14 received compensation from the organization, the highest $263,827 (JEFFREY WILLIAMS, CEO).
- How much revenue does TAYLOR COUNTY RURAL ELECTRIC COOPERATIVE CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $67,349,652, expenses of $67,349,652 and total assets of $119,953,341 at year end.
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