2025-11-03T12:56:41-07:00 2025-06-30 990 2024-07-01 610305525 PENNYRILE RURAL ELECTRIC COOPERATIVE CORPORATION PENN 2708862555 PO BOX 2900 HOPKINSVILLE KY 422412900 Sandy Grogan VP Finance & Accounting 2708862555 2025-11-03 1 2024 2025-03-06 01:10:19Z Pennyrile Rural Electric Alan Gates PO Box 2900 Hopkinsville KY 422412900 168588866 0 X www.precc.com X 1937 KY Sale of electricity to members. 8 0 114 0 0 0 0 0 143756454 159338578 2897185 1926232 4596133 7324056 151249772 168588866 0 0 0 0 9112941 9548282 0 0 0 135323977 149456748 144436918 159005030 6812854 9583836 308644525 312768756 161066374 155530411 147578151 157238345 Utility Systems Program - Sale of Electricity to Members 0 0 159338578 Utility Systems Programs: Sale of Electricity to Members 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 57 0 114 1 0 0 0 0 0 161264810 0 0 0 0 X 8 0 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Sandy Grogan VP Finance Accounting 2708862555 2000 HARRISON ST PO Box 2900 Hopkinsville KY 42240 Alan Gates President/CEO 65 X 390580 0 40701 Robert C Standard Line Foreman 80 X 226093 0 29825 Sandy Grogan Vice President Finance & Accounting 60 X 173580 0 28949 William Stokes VP Operations 60 X 167837 0 30001 Brent Gilkey Vice President Member Services & Communication 60 X 163958 0 28464 Mark Giltner Vice President Human Resources 60 X 159998 0 28744 Philip Adler Lineman 61.00 X 161955 0 20645 James Futrell Board Member 6.81 X 21070 0 0 George Fox Chairman 6.29 X 20965 0 0 Robert Allen Vice Chairman 6.19 X 20415 0 0 Bates Payne Jr Board Member 5.42 X 19145 0 0 Bryson Price Board Member 5.13 X 18595 0 0 Duane Moore Assistant Secretary-Treasurer 4.52 X 17495 0 0 Joe E Rogers Secretary-Treasurer 4.44 X 17326 0 0 James W Lear Board Member 4.60 X 16196 0 0 1595208 0 207329 44 0 1 0 FIBERRISE COMMUNICATIONS INC 12060 COUNTRY LINE RD SUITE J-239 MADISON AL 35756 FIBER CONTRACTORS 8116480 BEAVER TREE SERVICE 170 DAVIS FARM RD PEMBROKE KY 42266 RIGHT OF WAY 1395557 ITG COMMUNICATIONS LLC 2400 E COMMERCIAL BLVD STE 1000 FORT LAUDERDALE FL 33308 FIBER CONTRACTORS 690272 QUALITY RESOURCES LLC PO BOX 9 SLAUGHTERS KY 42456 ELECTRICAL CONTRACTOR 653737 NEW VISION COMMUNICATIONS PO BOX 348 HOPKINSVILLE KY 42241 FIBER CONTRACTORS 552578 6 0 Sale of Electricity 221122 159338578 159338578 0 0 0 0 0 0 159338578 1926232 1926232 0 0 0 0 0 0 0 0 0 0 0 7272831 0 0 0 7272831 7272831 0 0 7272831 0 0 JOBBING 221122 16386 16386 0 0 OTHER 221122 34839 0 0 34839 0 0 0 0 51225 168588866 161281196 0 7307670 0 0 0 0 909397 0 5511926 1446660 1161878 518421 0 81309 38000 0 0 0 0 127053 616226 428228 0 7124237 166866 0 25615 4079718 0 12301664 717474 PURCHASED POWER 112568009 SCHOOL AND PROPERTY TAXES 6778224 RIGHT OF WAY EXPENSES 4376238 UNCOLLECTIBLE ACCOUNTS 27887 159005030 0 0 0 192504 196012 30316021 26393949 0 0 13288779 20019492 0 0 0 0 1698393 1741702 7855981 5263136 2827802 2208994 389032458 136776767 248181325 252255691 0 0 2651597 3143845 0 0 0 0 1632123 1545935 308644525 312768756 39944230 39382634 117139132 111998267 0 0 3983012 4149510 161066374 155530411 X 1309976 1371648 4770986 4770986 141497189 151095711 147578151 157238345 308644525 312768756 X 9583836 0 0 0 0 76358 X 1 1 1 1 1 3552576 0 3552576 11923770 0 4107863 7815907 0 0 0 0 373556112 0 132668904 240887208 0 0 0 0 252255691 POST RETIREMENT BENEFITS 2426828 ENERGY SERVICE LOANS 1722682 4149510 0 0 0 Alan Gates President/CEO 390580 0 0 0 0 0 24837 0 15864 0 431281 0 0 0 Robert C Standard Line Foreman 226093 0 0 0 0 0 13961 0 15864 0 255918 0 0 0 Sandy Grogan Vice President Finance & Accounting 173580 0 0 0 0 0 13085 0 15864 0 202529 0 0 0 William Stokes VP Operations 167837 0 0 0 0 0 14137 0 15864 0 197838 0 0 0 Brent Gilkey Vice President Member Services & Communication 163958 0 0 0 0 0 12600 0 15864 0 192422 0 0 0 Mark Giltner Vice President Human Resources 159998 0 0 0 0 0 12880 0 15864 0 188742 0 0 0 Philip Adler Lineman 161955 0 0 0 0 0 4782 0 15864 0 182601 0 0 0 Form 990, Part VI, Section A, Line 6 COOP IS MEMBER BASED AND CONSISTS OF 50,798 TOTAL MEMBERS Form 990, Part VI, Section A, Line 7a COOP MEMBERS ARE SENT BALLOTS EACH ANNUAL MEETING TO ELECT BOARD MEMBERS FOR THEIR TERM. DIRECTORS ARE ELECTED FOR THREE YEAR TERMS. Form 990, Part VI, Section B, Line 11b THE ACCOUNTING DEPARTMENT PREPARES FORM 990 AND REVIEWS WITH CEO AND VP FINANCE AND ACCOUNTING. FORM 990 IS THEN PRESENTED TO THE BOARD OF DIRECTORS. Form 990, Part VI, Section B, Line 12c POLICY PROVIDED TO EMPLOYEES IN A POLICY MANUAL AND INDEPENDENT AUDITORS MAIL A QUESTIONNAIRE CONTAINING QUESTIONS PERTAINING TO CONFLICT OF INTEREST AS WELL AS FRAUDULENT OR ANY OTHER INAPPROPRIATE ACTIVITIES WITHIN THE COMPANY TO A RANDOM SELECTION OF EMPLOYEES WHICH INCLUDE MANAGEMENT AND BOARD OF DIRECTORS. PRESIDENT/CEO, MANAGEMENT TEAM, AND BOARD OF DIRECTORS ARE REQUIRED TO SIGN A CODE MANAGEMENT ETHICS DOCUMENT. Form 990, Part VI, Section B, Line 15 PRESIDENT/CEO AND TOP MANAGEMENT OFFICIALS COMPENSATION PROCESS USES NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION COMPENSATION PROGRAM WHICH USES MARKET DATA FOR COMPARABLE POSITIONS. THE REVIEW APPROVAL IS PERFORMED BY THE BOARD OF DIRECTORS FOR THE PRESIDENT/CEO AND BY THE PRESIDENT/CEO FOR OTHER TOP MANAGEMENT OFFICIALS. HUMAN RESOURCE REVIEWS AND IMPLEMENTS THE COMPENSATION. EACH YEAR THIS PROCESS IS COMPLETED AND MOST CURRENT YEAR WAS 2025. Form 990, Part VI, Section C, Line 19 ALL DOCUMENTS ARE HOUSED AT THE COOPERATIVE OFFICE AND MADE AVAILABLE AT THE ANNUAL MEETING. Form 990, Part XI, Line 9 YEAR END ADJUSTMENT TO COMPREHENSIVE INCOME ($14,686) AND CHANGE IN MEMBERSHIPS ($61,672) FOR A TOTAL OF $76,358.