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Filing year 2024

RICH MOUNTAIN ELECTRIC COOPERATIVE INC

Mena, Arkansas·EIN 71-0207627·12
Total revenue
$22M
Total assets
$90.5M
Total expenses
$19.7M
Reported officers
16
Mission

RICH MOUNTAIN ELECTRIC COOPERATIVE INC. IS A MEMBER OWNED ELECTRIC DISTRIBUTION COOPERATIVE ESTABLISHED TO PROVIDE ELECTRIC SERVICE TO ITS MEMBERS AT THE LOWEST POSSIBLE COST. THIS INCLUDES ASSISTING ITS MEMBERS IN FINDING WAYS TO IMPROVE ENERGY EFFICIENCY AT THEIR HOME OR BUSINESS.

Executive compensation, broken down

Form 990 · Schedule J · 16 reported individuals · Filing year 2024

Base
$228k
Bonus
Other
Benefits
$32k
Employee
highest compensated employee
$205k
$218k
Base
$141k
Bonus
Other
Benefits
$29k
Cfo/office Mgr
officer (unspecified)
$205k
$217k
Base
$145k
Bonus
Other
Benefits
$28k
Employee
highest compensated employee
$203k
$216k
Base
$146k
Bonus
Other
Benefits
$28k
Employee
highest compensated employee
$197k
$209k
Base
$140k
Bonus
Other
Benefits
$28k
Employee
highest compensated employee
$194k
$206k
Base
$136k
Bonus
Other
Benefits
$28k
Employee
highest compensated employee
$188k
$199k
Base
$130k
Bonus
Other
Benefits
$28k
Treasurer
officer (unspecified)
$47k
$50k
Director
board member
$46k
$49k
Director
board member
$44k
$47k
Director
board member
$41k
$44k
Director
board member
$40k
$43k
Director
board member
$39k
$41k
Vice Chairman
board vice chair
$37k
$40k
Chairman
board chair
$30k
$32k
Director
board member
$28k
$29k

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 3%
from 2023

From $305k in 2023 to $315k in 2024.

$305k
2023
$315k
2024
In today's dollarsEst.
Roughly flat in real terms$333k to $334k

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

RICH MOUNTAIN ELECTRIC COOPERATIVE INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$21.9M
$18.9M
2023
$22M
$19.7M
2024
Total revenue and total expenses from IRS Form 990 filings.
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