Mission
Distribution and sale of electricity to over 13,000 meters of cooperative member/owners. Margins are allocated annualy to the membership.
Executive compensation, broken down
Form 990 · Schedule J · 15 reported individuals · Filing year 2024
Base salaryBonusOther compensationBenefits
| Base salary | Bonus | Other compensation | Benefits | Executive compensation | |
|---|---|---|---|---|---|
General Manager officer (unspecified) $330k $355k | |||||
Lead Lineman highest compensated employee $221k $237k | |||||
Operations Manager highest compensated employee $200k $215k | |||||
Substation Serviceman highest compensated employee $186k $200k | |||||
Substation Serviceman highest compensated employee $179k $193k | |||||
Substation Serviceman highest compensated employee $177k $191k | |||||
Director board member $17k $18k | |||||
Director board member $16k $17k | |||||
Treasurer officer (unspecified) $15k $16k | |||||
Secretary officer (unspecified) $10k $11k | |||||
Treasurer officer (unspecified) $8k $9k | |||||
Director board member $4k $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.
Up 68%
from 2023
From $196k in 2023 to $330k in 2024.
$196k
2023
$330k
2024
$196k
2023
$330k
2024
In today's dollarsEst.
Up 64% in real terms$216k to $355k
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
$33.4M
$31.9M
2023
$33.4M
$32.3M
2024
Total revenue and total expenses from IRS Form 990 filings.
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