#458 of 500 · Member & Benefit Funds

Kenergy Corp

EIN 61-1345109 · KY · NTEE n/a · Form 990, fiscal 2023

A member-owned, not-for-profit electric distribution cooperative headquartered in Henderson, Kentucky. Formed in 1999 through the consolidation of Henderson-Union Electric Cooperative and Green River Electric, it delivers electricity to roughly 56,000 homes and businesses across fourteen counties in western Kentucky. Governed by a member-elected board of directors, Kenergy operates on a cooperative model, returning margins to members as capital credits, and also provides related services such as broadband support to its rural service territory.

Financials, fiscal 2023

Revenue

$347.3M

Expenses

$347.6M

Total assets

$321.6M

Net assets

$85.3M

Operating margin

-0.1%

1-year growth

-44.4%

5-year growth (CAGR)

-3.2%

Reserve (years of spending)

2.9

Contributions share

n/a

Programme spending

99.1%

Fundraising cost

n/a

Executive pay share

0.63%

Employees

135

Revenue per employee

$2.6M

Grants paid

$38K

Years filing

24

NFP Health Score: 58 / 100

Financial 36 · Governance 75 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Mission

To provide members with safe and reliable electricity at an affordable price.

Revenue history