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Filing year 2024

FARMERS RURAL ELECTRIC COOPERATIVE CORPORATION

Glasgow, Kentucky·EIN 61-0189417·12
Total revenue
$65.8M
Total assets
$136.8M
Total expenses
$65.8M
Reported officers
14
Mission

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 · Schedule J · 14 reported individuals · Filing year 2024

$295k
$313k
Base
$220k
Bonus
Other
Benefits
$75k
Vice President, Operations
vice president
$193k
$205k
Base
$138k
Bonus
Other
Benefits
$55k
Vice President, Engineerin
vice president
$191k
$202k
Base
$137k
Bonus
Other
Benefits
$54k
Fepp Plant Manager
highest compensated employee
$180k
$191k
Base
$124k
Bonus
Other
Benefits
$56k
Vice President, Finance &
vice president
$173k
$183k
Base
$136k
Bonus
Other
Benefits
$37k
Vice President, Technology
vice president
$159k
$169k
Base
$118k
Bonus
Other
Benefits
$41k
Vice President, Member & C
vice president
$157k
$166k
Base
$122k
Bonus
Other
Benefits
$35k
Chairman
board chair
$18k
$19k
Secretary Treasurer
officer (unspecified)
$17k
$18k
Vice Chairman
board vice chair
$16k
$17k
Director
board member
$15k
$16k
Director
board member
$14k
$15k
Director
board member
$14k
$15k
Director
board member
$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.

$269k
2023
$295k
2024
In today's dollarsEst.
Up 7% in real terms$293k to $313k

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.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

FARMERS RURAL ELECTRIC COOPERATIVE CORPORATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$61.7M
$61.7M
2023
$65.8M
$65.8M
2024
Total revenue and total expenses from IRS Form 990 filings.
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