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Filing year 2024

FARMERS ELECTRIC COOPERATIVE

Newport, Arkansas·EIN 71-0054405·12
Total revenue
$13.5M
Total assets
$54.8M
Total expenses
$13.5M
Reported officers
9
Mission

TO MAKE ELECTRIC ENERGY AVAILABLE TO ITS MEMBERS AT THE LOWEST COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT.

Executive compensation, broken down

Form 990 · Schedule J · 9 reported individuals · Filing year 2024

General Mana
key employee
$243k
$258k
Base
$189k
Bonus
Other
Benefits
Const Superi
highest compensated employee
$149k
$158k
Secretary-tr
board secretary
$30k
$32k
Director
board member
$27k
$29k
President
board president
$24k
$26k
Vice Preside
vice president
$23k
$25k
Director
board member
$23k
$25k
Director
board member
$4k
$4k
Director
board member
$2k
$2k

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.

Up 24%
from 2023

From $196k in 2023 to $243k in 2024.

$196k
2023
$243k
2024
In today's dollarsEst.
Up 20% in real terms$214k to $258k

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

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

RevenueExpenses
$11.2M
$11.2M
2023
$13.5M
$13.5M
2024
Total revenue and total expenses from IRS Form 990 filings.
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