FARMERS RECC'S MISSION IS TO PROVIDE RELIABLE AND COMPETITIVELY PRICED ENERGY SERVICES THAT WILL ENHANCE THE QUALITY OF LIFE FOR OUR MEMBER-OWNERS AND COMMMUNITIES.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 14 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
- Base
- $220k
- Bonus
- —
- Other
- —
- Benefits
- $75k
- Base
- $138k
- Bonus
- —
- Other
- —
- Benefits
- $55k
- Base
- $137k
- Bonus
- —
- Other
- —
- Benefits
- $54k
- Base
- $124k
- Bonus
- —
- Other
- —
- Benefits
- $56k
- Base
- $136k
- Bonus
- —
- Other
- —
- Benefits
- $37k
- Base
- $118k
- Bonus
- —
- Other
- —
- Benefits
- $41k
- Base
- $122k
- Bonus
- —
- Other
- —
- Benefits
- $35k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President & CEO 75th to 90th percentile | $220k | — | — | $75k | $295k $313k |
Vice President, Operations Board Vice President Median to 75th percentile | $138k | — | — | $55k | $193k $205k |
Vice President, Engineerin Board Vice President Median to 75th percentile | $137k | — | — | $54k | $191k $202k |
Fepp Plant Manager Highest Compensated Employee Median to 75th percentile | $124k | — | — | $56k | $180k $191k |
Vice President, Finance & Board Vice President Median to 75th percentile | $136k | — | — | $37k | $173k $183k |
Vice President, Technology Board Vice President Median to 75th percentile | $118k | — | — | $41k | $159k $169k |
Vice President, Member & C Board Vice President Median to 75th percentile | $122k | — | — | $35k | $157k $166k |
Chairman Board Chair 25th percentile to median | — | — | — | — | $18k $19k |
Secretary Treasurer Officer (Unspecified) | — | — | — | — | $17k $18k |
Vice Chairman Board Vice Chair Median to 75th percentile | — | — | — | — | $16k $17k |
Director Board Member 25th percentile to median | — | — | — | — | $15k $16k |
Director Board Member 25th percentile to median | — | — | — | — | $14k $15k |
Director Board Member 25th percentile to median | — | — | — | — | $14k $15k |
Director Board Member 25th percentile to median | — | — | — | — | $14k $15k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Up 10%
from 2023
From $269k in 2023 to $295k in 2024.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay rose 10% from 2023 to 2024, while revenue rose 7%.
- Board Vice President pay rose 4% from 2023 to 2024.
- Highest Compensated Employee pay rose 3% 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 RURAL ELECTRIC COOPERATIVE CORPORATION reported revenue and expenses across 2 filing years.
Common questions about FARMERS RURAL ELECTRIC COOPERATIVE CORPORATION
What does the Chief Executive Officer of FARMERS RURAL ELECTRIC COOPERATIVE CORPORATION earn?
In 2024, the Chief Executive Officer of FARMERS RURAL ELECTRIC COOPERATIVE CORPORATION received $295,353 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 RURAL ELECTRIC COOPERATIVE CORPORATION 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 RURAL ELECTRIC COOPERATIVE CORPORATION falls between the 75th and 90th percentiles.
What are FARMERS RURAL ELECTRIC COOPERATIVE CORPORATION's revenue and expenses?
In 2024, FARMERS RURAL ELECTRIC COOPERATIVE CORPORATION reported $65.8M in total revenue and $65.8M in total expenses on its IRS Form 990.
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