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Filing year 2024

FARMERS ELECTRIC COOPERATIVE INC

Greenfield, Iowa·EIN 42-0243365·12
Total revenue
$15.6M
Total assets
$48M
Total expenses
$15.4M
Reported officers
16
Mission

FARMERS ELECTRIC COOPERATIVE, INC. EXISTS TO DELIVER SAFE, RELIABLE, AFFORDABLE ELECTRICITY AND OTHER SERVICES TO IMPROVE THE QUALITY OF LIFE WITHIN OUR COMMUNITIES.

Executive compensation, broken down

Form 990 · Schedule J · 16 reported individuals · Filing year 2024

Base
$129k
Bonus
$355
Other
$7k
Benefits
$17k
Lineman Foreman
highest compensated employee
$163k
$175k
Base
$104k
Bonus
$355
Other
$598
Benefits
$9k
Lineman Foreman
highest compensated employee
$146k
$157k
Director of Operations
$129k
$139k
Journeyman Lineman
highest compensated employee
$129k
$139k
Journeyman Lineman
highest compensated employee
$117k
$126k
Director Until Aug/vice President
$10k
$10k
Secretary
officer (unspecified)
$10k
$10k
Director
board member
$9k
$10k
$9k
$10k
Director
board member
$9k
$10k
Treasurer
officer (unspecified)
$9k
$10k
Director
board member
$9k
$10k
Director
board member
$8k
$9k
Vice President Until Aug/director
vice president
$5k
$6k

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.

Up 5%
from 2023

From $179k in 2023 to $187k in 2024.

$179k
2023
$187k
2024
In today's dollarsEst.
Up 2% in real terms$197k to $201k

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 INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$15.6M
$15.4M
2023
$15.6M
$15.4M
2024
Total revenue and total expenses from IRS Form 990 filings.
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