NonprofitsFarmers Electric Cooperative Inc

Farmers Electric Cooperative Inc

GREENVILLE, TX

Total revenue

$211.3M

Total expenses

$210.5M

Net assets

$209.5M

Grants received

$20K

2 grants

EIN

750263046

Tax year

2024

Mission

To provide quality electric service to member-owners at a reasonable cost.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$210.5M
Investment income$206K
Other revenue$597K
Total revenue$211.3M

Expenses

Grants paid$34K
Salaries & benefits$18.7M
Fundraising
Other expenses$179.8M
Total expenses$210.5M
Total assets$572.4M
Net assets$209.5M

People

19 listed

NameRoleCompensation

MARK STUBBS

CEO/GENERAL MANAGER

Board

$739K

55 hrs/wk

KATHY SCROGGINS

CFO/DIRECTOR OF FINANCE

Board

$325K

45 hrs/wk

BOB MIDDLETON JR

SECRETARY/TREASURER

Board

$29K

6 hrs/wk

LARRY LANE

DIRECTOR

Board

$29K

5.5 hrs/wk

MARVIN FULLER

DIRECTOR

Board

$29K

6.9 hrs/wk

PAUL TALLANT

DIRECTOR

Board

$28K

4.9 hrs/wk

TOMMY PULLIAM

VICE PRESIDENT

Board

$28K

5.3 hrs/wk

BILL SAMUELS

PRESIDENT

Board

$28K

6.6 hrs/wk

WAYNE DOUGLAS

DIRECTOR

Board

$27K

3 hrs/wk

MARTIN ALLAIN

DIRECTOR

Board

$26K

3.7 hrs/wk

DON PHILLIPS

DIRECTOR

Board

$26K

3.2 hrs/wk

SAMANTHA CROUCH BAXTER

GEN COUNSEL/SR DIRECTOR

Staff

$397K

50 hrs/wk

BRIAN GREEN

SR DIRECTOR OF ENGINEERING

Staff

$391K

50 hrs/wk

DAVID MARK LYLES

DIRECTOR OF ADMINISTRATION

Staff

$323K

50 hrs/wk

DAVID EARLS

MANAGER OF OPERATIONS

Staff

$217K

60 hrs/wk

ANTHONY GRANT

MANAGER OF IT

Staff

$198K

50 hrs/wk

SHAUN CHRONISTER

MANAGER OF ENGINEERING

Staff

$191K

50 hrs/wk

ROSA GARMON

MANAGER OF MEMBER CARE

Staff

$182K

47 hrs/wk

MICHAEL HALE

MANAGER OF POWER QUALITY

Staff

$177K

50 hrs/wk

Independent contractors

TALLEY-RIGGINS CONSTRUCTION GROUP

CAMPUS BUILDING PROJECT CONTRACTOR

$24.5M

TEXAR LINE CLEARANCE LLC

ROW CONTRACTOR

$3.5M

J&L UTILITY SERVICE

LINE AND ROW CONTRACTOR

$3.2M

PCI UTILITIES INC

LINE CONTRACTOR

$2.9M

DCG CONSTRUCTION LLC

LINE CONTRACTOR

$2.6M

Grants received

Showing 2 of 2

FromAmountPurposeYear
$10K
GRANT TO COOPERATIVE SO COOPERATIVE CAN RECEIVE $10,000 MATCHING GRANT FROM COBANK SHARING SUCCESS.
2024
$10K
GRANT TO COOPERATIVE SO COOPERATIVE CAN RECEIVE $10,000 MATCHING GRANT FROM COBANK SHARING SUCCESS.
2023

Funded by

$20K from 1 funder · 2 grants · 2023–2024

Farmers Electric Charitable Foundation

$20K · 2 grants · 2023–2024

Details

EIN750263046
Subsection12
Ruling date1943-03
Formed1937
Employees230
Volunteers0
FARMERS ELECTRIC COOPERATIVE INC — Mission, Financials & Grants Received | Grantivo