Skip to main content
Filing year 2024

FARMERS ELECTRIC COOPERATIVE INC

Greenville, Texas·EIN 75-0263046·501(c)(12)
Total revenue
$211.3M
Total assets
$572.4M
Total expenses
$210.5M
Reported officers
19
Mission

TO PROVIDE QUALITY ELECTRIC SERVICE TO MEMBER-OWNERS AT A REASONABLE COST.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 19 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Ceo/general Manager
Officer (Unspecified)
$949k
$987k
Base
$644k
Bonus
$5k
Other
$91k
Benefits
$31k
Sr Director of Engineering
Key Employee
Above 90th percentile
$546k
$568k
Base
$344k
Bonus
$6k
Other
$40k
Benefits
$35k
Gen Counsel/sr Director
Key Employee
Above 90th percentile
$505k
$525k
Base
$345k
Bonus
$6k
Other
$46k
Benefits
$35k
Cfo/director of Finance
Director (Operational)
Above 90th percentile
$487k
$506k
Base
$282k
Bonus
$6k
Other
$38k
Benefits
$36k
Director of Administration
Key Employee
Above 90th percentile
$465k
$483k
Base
$285k
Bonus
$6k
Other
$33k
Benefits
$16k
Manager of IT
IT Manager
Above 90th percentile
$306k
$319k
Base
$186k
Bonus
$2k
Other
$10k
Benefits
$36k
Manager of Operations
Operations Manager
Above 90th percentile
$292k
$303k
Base
$187k
Bonus
$2k
Other
$28k
Benefits
$31k
Manager of Member Care
Highest Compensated Employee
75th to 90th percentile
$291k
$303k
Base
$164k
Bonus
$2k
Other
$16k
Benefits
$28k
Manager of Power Quality
Highest Compensated Employee
75th to 90th percentile
$269k
$280k
Base
$153k
Bonus
$600
Other
$24k
Benefits
$30k
Manager of Engineering
Highest Compensated Employee
75th to 90th percentile
$264k
$275k
Base
$185k
Bonus
$2k
Other
$5k
Benefits
$33k
Secretary/treasurer
Officer (Unspecified)
$29k
$31k
Director
Board Member
Median to 75th percentile
$29k
$30k
Director
Board Member
Median to 75th percentile
$29k
$30k
Director
Board Member
Median to 75th percentile
$28k
$29k
Vice President
25th percentile to median
$28k
$29k
President
10th to 25th percentile
$28k
$29k
Director
Board Member
Median to 75th percentile
$27k
$28k
Director
Board Member
Median to 75th percentile
$26k
$27k
Director
Board Member
Median to 75th percentile
$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
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.

Pay for the position

Key Employee pay rose 11% from 2023 to 2024, while revenue rose 3%.

$490k in 2023 to $546k in 2024.
  • Director (Operational) pay rose 15% from 2023 to 2024.
  • IT Manager pay rose 12% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

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.
FAQ

Common questions about FARMERS ELECTRIC COOPERATIVE INC

What does the Key Employee of FARMERS ELECTRIC COOPERATIVE INC earn?

In 2024, the Key Employee of FARMERS ELECTRIC COOPERATIVE INC received $546,107 in total compensation. This pay is in the top 10% for Key Employee roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Key Employee 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 Key Employee at FARMERS ELECTRIC COOPERATIVE INC falls in the top 10%.

What are FARMERS ELECTRIC COOPERATIVE INC's revenue and expenses?

In 2024, FARMERS ELECTRIC COOPERATIVE INC reported $211.3M in total revenue and $210.5M in total expenses on its IRS Form 990.

Free, forever
Build lists. Save your benchmarks.
A free Lucido account lets you build lists of nonprofits and save your search filters. No credit card.
Already a member? Sign in
Build a benchmark

Compare any role, sector, or revenue band

Build your own benchmark from millions of reported positions.