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Filing year 2024

FRANKLIN RURAL ELECTRIC COOPERATIVE

Hampton, Iowa·EIN 42-0260720·501(c)(12)
Total revenue
$9.1M
Total assets
$23.1M
Total expenses
$9.1M
Reported officers
12
Mission

TO PROVIDE RELIABLE AND AFFORDABLE ELECTRICITY TO OUR MEMBERS

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 12 reported individuals · Filing year 2024

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

General Manager
25th percentile to median
$172k
$185k
Base
$129k
Bonus
Other
Benefits
$22k
Office Manager/accountant
Officer (Unspecified)
$148k
$159k
Member Service
Highest Compensated Employee
25th percentile to median
$136k
$146k
Crew Chief
Highest Compensated Employee
10th to 25th percentile
$128k
$138k
Crew Chief
Highest Compensated Employee
10th to 25th percentile
$125k
$134k
Vice President
25th percentile to median
$9k
$9k
President
Below 10th percentile
$8k
$8k
Director
Board Member
25th percentile to median
$7k
$8k
Director
Board Member
25th percentile to median
$7k
$8k
Secretary/treasurer
Officer (Unspecified)
$7k
$7k
Director
Board Member
25th percentile to median
$6k
$7k
Director
Board Member
25th percentile to median
$5k
$6k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Up 5%
from 2023

From $163k in 2023 to $172k in 2024.

$163k
2023
$172k
2024
In today's dollarsEst.
Up 2% in real terms$180k to $185k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

General Manager pay rose 14% from 2023 to 2024, while revenue held roughly steady.

$150k in 2023 to $172k in 2024.
  • Vice President pay fell 15% from 2023 to 2024.
  • Chief Executive Officer pay fell 8% 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

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

RevenueExpenses
$9.1M
$8.5M
2023
$9.1M
$9.1M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about FRANKLIN RURAL ELECTRIC COOPERATIVE

What does the General Manager of FRANKLIN RURAL ELECTRIC COOPERATIVE earn?

In 2024, the General Manager of FRANKLIN RURAL ELECTRIC COOPERATIVE received $171,595 in total compensation. This pay is below the median (the midpoint) for General Manager roles among nonprofits nationwide, across all sectors, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does General Manager pay at FRANKLIN RURAL ELECTRIC COOPERATIVE compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the General Manager at FRANKLIN RURAL ELECTRIC COOPERATIVE falls between the 25th percentile and the median.

What are FRANKLIN RURAL ELECTRIC COOPERATIVE's revenue and expenses?

In 2024, FRANKLIN RURAL ELECTRIC COOPERATIVE reported $9.1M in total revenue and $9.1M in total expenses on its IRS Form 990.

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