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Filing year 2024

FRANKLIN ELECTRIC COOPERATIVE

Russellville, Alabama·EIN 63-0253927·12
Total revenue
$10.9M
Total assets
$58.7M
Total expenses
$8M
Reported officers
10
Mission

RURAL ELECTRICITY DISTRIBUTION

Executive compensation, broken down

Form 990 · Schedule J · 10 reported individuals · Filing year 2024

General Mana
officer (unspecified)
$190k
$202k
Base
$190k
Bonus
Other
Benefits
Secretary-tr
officer (unspecified)
$10k
$11k
$10k
$11k
Trustee
board member
$10k
$10k
Vice Preside
vice president
$10k
$10k
Trustee
board member
$10k
$10k
Trustee
board member
$10k
$10k
Trustee
board member
$10k
$10k
Trustee
board member
$9k
$10k
Trustee
board member
$9k
$10k

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.

Down 1%
from 2023

From $193k in 2023 to $190k in 2024.

$193k
2023
$190k
2024
In today's dollarsEst.
Down 4% in real terms$211k to $202k

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

FRANKLIN ELECTRIC COOPERATIVE reported revenue and expenses across 2 filing years.

RevenueExpenses
$10.5M
$8.8M
2023
$10.9M
$8M
2024
Total revenue and total expenses from IRS Form 990 filings.
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