NonprofitsFarmers Rural Electric Cooperative Corporation

Farmers Rural Electric Cooperative Corporation

GLASGOW, KY

Total revenue

$65.8M

Total expenses

$65.8M

Net assets

$56.0M

Grants received

EIN

610189417

Tax year

2024

Mission

The cooperative is a rural electric distribution system with a mission of providing reliable electric service to its member-owners in a cost effective manner.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$64.6M
Investment income
Other revenue$1.2M
Total revenue$65.8M

Expenses

Grants paid
Salaries & benefits$5.3M
Fundraising
Other expenses$58.8M
Total expenses$65.8M
Total assets$136.8M
Net assets$56.0M

People

14 listed

NameRoleCompensation

RANDY LONDON

CHAIRMAN

Board

$18K

4 hrs/wk

BRANDI WILLIAMS

SECRETARY TREASURER

Board

$17K

3 hrs/wk

CORNELIUS FAULKNER

VICE CHAIRMAN

Board

$16K

5 hrs/wk

RONNIE SMITH

DIRECTOR

Board

$15K

4 hrs/wk

PAUL HAWKINS

DIRECTOR

Board

$14K

4 hrs/wk

RANDY SEXTON

DIRECTOR

Board

$14K

4 hrs/wk

CF MARTIN JR

DIRECTOR

Board

$14K

3 hrs/wk

TOBIAS MOSS

PRESIDENT & CEO

Staff

$220K

45 hrs/wk

SCOTT LESTER

VICE PRESIDENT, OPERATIONS

Staff

$138K

45 hrs/wk

CHUCK BISHOP

VICE PRESIDENT, ENGINEERIN

Staff

$137K

45 hrs/wk

JENNIE PHELPS

VICE PRESIDENT, FINANCE &

Staff

$136K

45 hrs/wk

STEVE MORRISON

FEPP PLANT MANAGER

Staff

$124K

45 hrs/wk

COREY JACKSON

VICE PRESIDENT, MEMBER & C

Staff

$122K

45 hrs/wk

JASON RIGGS

VICE PRESIDENT, TECHNOLOGY

Staff

$118K

45 hrs/wk

Independent contractors

TOWNSEND TREE SERVICE

RIGHT OF WAY CLEARING

$1.4M

GREATSOUTHWESTERN CONSTRUCTION

CONSTRUCTION OF ELECTRIC PLANT

$832K

WA KENDALL & COMPANY LLC

RIGHT OF WAY CLEARING

$589K

GDS ASSOCIATES

ELECTRIC PLANT INSPECTOR

$122K

SAGE RIGHT OF WAY INC

RIGHT OF WAY CLEARING

$114K

Details

EIN610189417
Subsection12
Ruling date1940-08
Formed1938
Employees68
Volunteers0
FARMERS RURAL ELECTRIC COOPERATIVE CORPORATION — Mission, Financials & Grants Received | Grantivo