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Filing year 2024

FARMERS ELECTRIC COOPERATIVE

Kalona, Iowa·EIN 42-0245083·12
Total revenue
$3.5M
Total assets
$7M
Total expenses
$2.8M
Reported officers
6
Mission

PROVIDING ELECTRIC SERVICES TO MEMBER PATRONS

Executive compensation

Form 990 · Schedule J · 6 reported individuals · Filing year 2024

General Manager
officer (unspecified)
$108k
$116k
Vice President
vice president
$4k
$4k
Director
board member
$4k
$4k
Secretary
officer (unspecified)
$3k
$4k
Director
board member
$3k
$4k

Teal figures restate each filed amount in 2026 dollars.

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

Held steady
from 2023

From $108k in 2023 to $108k in 2024.

$108k
2023
$108k
2024
In today's dollarsEst.
Down 3% in real terms$120k to $116k

Estimated with BLS CPI-U for the Midwest 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

FARMERS ELECTRIC COOPERATIVE reported revenue and expenses across 2 filing years.

RevenueExpenses
$2.7M
$2.6M
2023
$3.5M
$2.8M
2024
Total revenue and total expenses from IRS Form 990 filings.
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