NonprofitsFarmers Electric Cooperative Corporation

Farmers Electric Cooperative Corporation

NEWPORT, AR

Total revenue

$13.5M

Total expenses

$13.5M

Net assets

$21.0M

Grants received

EIN

710054405

Tax year

2024

Mission

To make electric energy available to its members at the lowest cost consistent with sound economy and good management.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$12.4M
Investment income$1.0M
Other revenue$45K
Total revenue$13.5M

Expenses

Grants paid
Salaries & benefits$652K
Fundraising
Other expenses$11.4M
Total expenses$13.5M
Total assets$54.8M
Net assets$21.0M

People

9 listed

NameRoleCompensation

CANDACE SHIRLEY

SECRETARY-TR

Board

$30K

2 hrs/wk

SCOTT MEARS

DIRECTOR

Board

$27K

2 hrs/wk

KENNY FALWELL

PRESIDENT

Board

$24K

2 hrs/wk

SAM HOUSTON

VICE PRESIDE

Board

$23K

2 hrs/wk

MICHAEL HONEY

DIRECTOR

Board

$23K

2 hrs/wk

SCOTT FOUSHEE

DIRECTOR

Board

$4K

2 hrs/wk

TODD HULETT

DIRECTOR

Board

$2K

2 hrs/wk

LARRY BRIGHT

GENERAL MANA

Staff

$189K

40 hrs/wk

RONALD MARK BOWEN

CONST SUPERI

Staff

$106K

50 hrs/wk

Independent contractors

ELITE SOLUTIONS LLC

FIBER

$2.3M

SYSTEM SERVICES BROADBAND

FIBER

$1.5M

HIGHLAND CABLING INC

FIBER INSTALL

$334K

RIGGS TREE SERVICE LLC

ROW

$245K

CMS WIRELESS

FIBER

$132K

Details

EIN710054405
Subsection12
Ruling date1938-02
Formed1937
Employees24
FARMERS ELECTRIC COOPERATIVE CORPORATION — Mission, Financials & Grants Received | Grantivo