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Filing year 2024

Alabama Rural Electric Association of Cooperatives

Montgomery, Alabama·EIN 63-0264081·6
Total revenue
$8.5M
Total assets
$7.4M
Total expenses
$7.8M
Reported officers
53
Mission

A statewide trade association which serves as a resource through which its electric cooperative members are provided services for the continuation and advancement of the rural electrification program in Alabama.

Executive compensation, broken down

Form 990 · Schedule J · 28 reported individuals · Filing year 2024

$643k
$682k
Base
$322k
Bonus
Other
$24k
Benefits
$26k
VP - Public Affairs
vice president
$279k
$295k
Base
$167k
Bonus
$8k
Other
$15k
Benefits
$9k
VP - Statewide Services
vice president
$216k
$230k
Base
$169k
Bonus
$5k
Other
$3k
Benefits
$670
$204k
$216k
Base
$168k
Bonus
$15k
Other
$503
Benefits
$4k
VP - Communications
vice president
$179k
$190k
Base
$122k
Bonus
$3k
Other
$6k
Benefits
$235
Director/vice-chairman
board member
$8k
$8k
Director
board member
$8k
$8k
Director
board member
$8k
$8k
Director
board member
$7k
$7k
Director
board member
$6k
$6k
Director
board member
$5k
$5k
Director
board member
$4k
$4k
Director
board member
$4k
$4k
Director
board member
$4k
$4k
Director
board member
$4k
$4k
Director
board member
$4k
$4k
Director
board member
$4k
$4k
Director
board member
$4k
$4k
Director
board member
$4k
$4k
Director
board member
$3k
$3k
Director
board member
$3k
$3k
Director
board member
$3k
$3k
Director
board member
$3k
$3k
Director
board member
$3k
$3k
Director
board member
$3k
$3k
Director
board member
$3k
$3k
Director
board member
$2k
$2k
Director
board member
$1k
$1k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 25 unpaid individuals.

Up 11%
from 2023

From $577k in 2023 to $643k in 2024.

$577k
2023
$643k
2024
In today's dollarsEst.
Up 8% in real terms$630k to $682k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

Alabama Rural Electric Association of Cooperatives reported revenue and expenses across 2 filing years.

RevenueExpenses
$8.4M
$8.1M
2023
$8.5M
$7.8M
2024
Total revenue and total expenses from IRS Form 990 filings.
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