NonprofitsArab Electric Cooperative Inc

Arab Electric Cooperative Inc

ARAB, AL

Total revenue

$44.1M

Total expenses

$44.1M

Net assets

$50.2M

Grants received

EIN

630264087

Tax year

2024

Mission

Arab Electric Cooperatives most significant activities and mission include the sale of electricity at the lowest feasible rates to its membership.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$42.3M
Investment income$726K
Other revenue$1.1M
Total revenue$44.1M

Expenses

Grants paid
Salaries & benefits$1.2M
Fundraising
Other expenses$41.2M
Total expenses$44.1M
Total assets$68.0M
Net assets$50.2M

People

16 listed

NameRoleCompensation

Stacey White

General Manager

Board

$162K

40 hrs/wk

Seth Selby

Assistant Manager

Board

$104K

40 hrs/wk

Ty Smith

Trustee

Board

$9K

1 hrs/wk

Jeff Warren

Trustee

Board

$9K

1 hrs/wk

Dewayne Shedd

Trustee

Board

$9K

1 hrs/wk

Tyler Barnes

Trustee

Board

$9K

1 hrs/wk

Nathan Clark

Trustee

Board

$9K

1 hrs/wk

Janet Bright

Trustee

Board

$9K

1 hrs/wk

Dianne Prestridge

Trustee

Board

$9K

1 hrs/wk

Bill Stricklend

Trustee

Board

$9K

1 hrs/wk

Charles W Whisenant

Trustee

Board

$9K

1 hrs/wk

Jerry Willis

Staking Engineer

Staff

$119K

40 hrs/wk

Chris Burgess

Electric Operations Manager

Staff

$114K

40 hrs/wk

Ryan Alexander

Substation Operations and Maintenance Coordinator

Staff

$107K

47 hrs/wk

Russell Parsons

Working Foreman

Staff

$102K

47 hrs/wk

Ronnie Jones

Working Foreman

Staff

$101K

47 hrs/wk

Independent contractors

Asplundh Tree Expert LLC

Right-of-Way Clearing

$1.0M

Power Pros Powerline Solutions

Electric Utilities Contractor

$574K

Pivotal LLC

Grading & Clearing Contractor

$442K

Fisher and Arnold Inc

Engineering Services

$320K

Advanced Roofing Solutions

Roofing Contractor

$275K

Details

EIN630264087
Subsection12
Ruling date1955-02
Formed1947
Employees40
Volunteers0
ARAB ELECTRIC COOPERATIVE INC — Mission, Financials & Grants Received | Grantivo