NonprofitsRich Mountain Electric Cooperative Inc

Rich Mountain Electric Cooperative Inc

MENA, AR

Total revenue

$22.0M

Total expenses

$19.7M

Net assets

$34.2M

Grants received

EIN

710207627

Tax year

2024

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.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$20.0M
Investment income$817K
Other revenue$1.1M
Total revenue$22.0M

Expenses

Grants paid
Salaries & benefits$1.9M
Fundraising
Other expenses$17.5M
Total expenses$19.7M
Total assets$90.5M
Net assets$34.2M

People

16 listed

NameRoleCompensation

BRAD CASTOR

CEO

Board

$228K

40 hrs/wk

CHRIS PARKER

CFO/OFFICE MGR

Board

$145K

40 hrs/wk

MARK ROBBINS

TREASURER

Board

$47K

14 hrs/wk

KYLE CANNON

DIRECTOR

Board

$46K

14 hrs/wk

TOMMY MILLER

DIRECTOR

Board

$44K

14 hrs/wk

HERSHEL BELL

DIRECTOR

Board

$41K

14 hrs/wk

GARY BEARDEN

DIRECTOR

Board

$40K

14 hrs/wk

DANNY HANSBROUGH

DIRECTOR

Board

$39K

14 hrs/wk

LARRY DUNAWAY

VICE CHAIRMAN

Board

$37K

14 hrs/wk

BUDDY NEWBOLT

CHAIRMAN

Board

$30K

14 hrs/wk

BETTY SMITH

DIRECTOR

Board

$28K

14 hrs/wk

JASON ONEAL

EMPLOYEE

Staff

$146K

40 hrs/wk

BRIAN DIXON

EMPLOYEE

Staff

$141K

40 hrs/wk

CORY THOMPSON

EMPLOYEE

Staff

$140K

40 hrs/wk

JASON HARRIS

EMPLOYEE

Staff

$136K

40 hrs/wk

JOHN LARUCCI

EMPLOYEE

Staff

$130K

40 hrs/wk

Details

EIN710207627
Subsection12
Ruling date1946-07
Formed1945
Employees37
Volunteers0
RICH MOUNTAIN ELECTRIC COOPERATIVE INC — Mission, Financials & Grants Received | Grantivo