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Filing year 2024

FRANKLIN RURAL ELECTRIC COOPERATIVE

Hampton, Iowa·EIN 42-0260720·12
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 · Schedule J · 12 reported individuals · Filing year 2024

General Manager
officer (unspecified)
$172k
$185k
Base
$129k
Bonus
Other
Benefits
$22k
Office Manager/accountant
officer (unspecified)
$148k
$159k
Member Service
highest compensated employee
$136k
$146k
Crew Chief
highest compensated employee
$128k
$138k
Crew Chief
highest compensated employee
$125k
$134k
Vice President
vice president
$9k
$9k
Director
board member
$7k
$8k
Director
board member
$7k
$8k
Secretary/treasurer
officer (unspecified)
$7k
$7k
Director
board member
$6k
$7k
Director
board member
$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.

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.
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