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 · Part VII & Schedule J · 16 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
- Base
- $129k
- Bonus
- $355
- Other
- $7k
- Benefits
- $17k
- Base
- $104k
- Bonus
- $355
- Other
- $598
- Benefits
- $9k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
CEO 75th to 90th percentile | $129k | $355 | $7k | $17k | $187k $201k |
Lineman Foreman Highest Compensated Employee 25th percentile to median | $104k | $355 | $598 | $9k | $163k $175k |
Lineman Foreman Highest Compensated Employee 25th percentile to median | — | — | — | — | $146k $157k |
CFO Median to 75th percentile | — | — | — | — | $143k $153k |
Director of Operations 25th percentile to median | — | — | — | — | $129k $139k |
Journeyman Lineman Highest Compensated Employee 25th percentile to median | — | — | — | — | $129k $139k |
Journeyman Lineman Highest Compensated Employee 10th to 25th percentile | — | — | — | — | $117k $126k |
Director Until Aug/vice President Below 10th percentile | — | — | — | — | $10k $10k |
Secretary Officer (Unspecified) | — | — | — | — | $10k $10k |
Director Board Member 25th percentile to median | — | — | — | — | $9k $10k |
President Below 10th percentile | — | — | — | — | $9k $10k |
Director Board Member 25th percentile to median | — | — | — | — | $9k $10k |
Treasurer Officer (Unspecified) | — | — | — | — | $9k $10k |
Director Board Member 25th percentile to median | — | — | — | — | $9k $10k |
Director Board Member 25th percentile to median | — | — | — | — | $8k $9k |
Vice President Until Aug/director Vice President 10th to 25th percentile | — | — | — | — | $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.
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.
Chief Executive Officer pay rose 5% from 2023 to 2024, while revenue held roughly steady.
- Chief Financial Officer pay rose 7% from 2023 to 2024.
- Chief Operating Officer pay rose 6% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Revenue and expenses over time
FARMERS ELECTRIC COOPERATIVE INC reported revenue and expenses across 2 filing years.
Common questions about FARMERS ELECTRIC COOPERATIVE INC
What does the Chief Executive Officer of FARMERS ELECTRIC COOPERATIVE INC earn?
In 2024, the Chief Executive Officer of FARMERS ELECTRIC COOPERATIVE INC received $186,836 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among nonprofits nationwide, across all sectors, though not the top 10% of comparable filings. Based on IRS Form 990 data.
How does Chief Executive Officer pay at FARMERS ELECTRIC COOPERATIVE INC compare with similar nonprofits?
Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at FARMERS ELECTRIC COOPERATIVE INC falls between the 75th and 90th percentiles.
What are FARMERS ELECTRIC COOPERATIVE INC's revenue and expenses?
In 2024, FARMERS ELECTRIC COOPERATIVE INC reported $15.6M in total revenue and $15.4M in total expenses on its IRS Form 990.
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