Mission
TO PROVIDE QUALITY ELECTRIC SERVICE TO MEMBER-OWNERS AT A REASONABLE COST.
Executive compensation, broken down
Form 990 · Schedule J · 19 reported individuals · Filing year 2024
Ceo/general Manager
officer (unspecified)
$949k
$987k
- Base
- $644k
- Bonus
- $5k
- Other
- $91k
- Benefits
- $31k
Sr Director of Engineering
key employee
$546k
$568k
- Base
- $344k
- Bonus
- $6k
- Other
- $40k
- Benefits
- $35k
Gen Counsel/sr Director
key employee
$505k
$525k
- Base
- $345k
- Bonus
- $6k
- Other
- $46k
- Benefits
- $35k
Cfo/director of Finance
director (operational)
$487k
$506k
- Base
- $282k
- Bonus
- $6k
- Other
- $38k
- Benefits
- $36k
Director of Administration
key employee
$465k
$483k
- Base
- $285k
- Bonus
- $6k
- Other
- $33k
- Benefits
- $16k
Manager of IT
highest compensated employee
$306k
$319k
- Base
- $186k
- Bonus
- $2k
- Other
- $10k
- Benefits
- $36k
Manager of Operations
highest compensated employee
$292k
$303k
- Base
- $187k
- Bonus
- $2k
- Other
- $28k
- Benefits
- $31k
Manager of Member Care
highest compensated employee
$291k
$303k
- Base
- $164k
- Bonus
- $2k
- Other
- $16k
- Benefits
- $28k
Manager of Power Quality
highest compensated employee
$269k
$280k
- Base
- $153k
- Bonus
- $600
- Other
- $24k
- Benefits
- $30k
Manager of Engineering
highest compensated employee
$264k
$275k
- Base
- $185k
- Bonus
- $2k
- Other
- $5k
- Benefits
- $33k
Secretary/treasurer
officer (unspecified)
$29k
$31k
Director
board member
$29k
$30k
Director
board member
$29k
$30k
Director
board member
$28k
$29k
Vice President
vice president
$28k
$29k
President
$28k
$29k
Director
board member
$27k
$28k
Director
board member
$26k
$27k
Director
board member
$26k
$27k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Ceo/general Manager officer (unspecified) | $644k | $5k | $91k | $31k | $949k $987k |
Sr Director of Engineering key employee | $344k | $6k | $40k | $35k | $546k $568k |
Gen Counsel/sr Director key employee | $345k | $6k | $46k | $35k | $505k $525k |
Cfo/director of Finance director (operational) | $282k | $6k | $38k | $36k | $487k $506k |
Director of Administration key employee | $285k | $6k | $33k | $16k | $465k $483k |
Manager of IT highest compensated employee | $186k | $2k | $10k | $36k | $306k $319k |
Manager of Operations highest compensated employee | $187k | $2k | $28k | $31k | $292k $303k |
Manager of Member Care highest compensated employee | $164k | $2k | $16k | $28k | $291k $303k |
Manager of Power Quality highest compensated employee | $153k | $600 | $24k | $30k | $269k $280k |
Manager of Engineering highest compensated employee | $185k | $2k | $5k | $33k | $264k $275k |
Secretary/treasurer officer (unspecified) | — | — | — | — | $29k $31k |
Director board member | — | — | — | — | $29k $30k |
Director board member | — | — | — | — | $29k $30k |
Director board member | — | — | — | — | $28k $29k |
Vice President vice president | — | — | — | — | $28k $29k |
President | — | — | — | — | $28k $29k |
Director board member | — | — | — | — | $27k $28k |
Director board member | — | — | — | — | $26k $27k |
Director board member | — | — | — | — | $26k $27k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with Dallas-Fort Worth-Arlington, TX metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Up 13%
from 2023
From $843k in 2023 to $949k in 2024.
$843k
2023
$949k
2024
$843k
2023
$949k
2024
In today's dollarsEst.
Up 8% in real terms$912k to $987k
Estimated with Dallas-Fort Worth-Arlington, TX metro-area CPI-U, 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
$205.1M
$205.7M
2023
$211.3M
$210.5M
2024
Total revenue and total expenses from IRS Form 990 filings.
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