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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Arab Electric Cooperative Inc.

Arab Electric Cooperative Inc.

Fiscal year ending 2019. Filed on December 6, 2019.

PO Box 770
Arab, Alabama 35016

Arab Electric Cooperative Inc. (EIN: 63-0264087) has filed an IRS Form 990 since fiscal year 2017. In its fiscal year 2019 IRS Form 990 filing, Arab Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 2 out of 33 total employees. Among the employees shown here, the average compensation is $118,902. The highest compensated employee at Arab Electric Cooperative Inc. is Scott Spence with fiscal year 2019 compensation of $178,785.

Revenue, expenses, and employee compensation

Revenue

$36,614,539

Expenses

$36,614,539

Employee compensation

$274,804
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Scott Spence
General Manager
$178,785
$135,295 No related comp$43,490
Keith Kirby
Controller
$59,019
$55,819 No related comp$3,200

Benchmark Employee Compensation

Non-Employee Board Members

Ty Smith
Trustee
$4,500
$4,500 No related compNo other comp
Charles W Whisenant
Trustee
$4,500
$4,500 No related compNo other comp
Dianne Prestridge
Trustee
$4,000
$4,000 No related compNo other comp
Roger Head
Trustee
$4,000
$4,000 No related compNo other comp
Charlie Griffin
Trustee
$4,000
$4,000 No related compNo other comp
Mark Holmes
Trustee
$4,000
$4,000 No related compNo other comp
Max Hyatt
Trustee
$2,750
$2,750 No related compNo other comp
Jerry Holmes
Trustee
$2,000
$2,000 No related compNo other comp
Bill Strickland
Trustee
$1,750
$1,750 No related compNo other comp
Janet Bright
Trustee
$1,500
$1,500 No related compNo other comp

Contractors

Asplundh Tree Expert CO
Right of Way Clearing
$2,140,042
Corbit Power & Lights
Electric Distribution Construction
$333,734
B&R Meter Services
Meter Reading
$234,742
Fisher Arnold Inc.
Consulting
$182,004
Central Service Association
IT and Software Support
$160,816

Mission Statement

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

Revisions to this organization profile

November 10, 2025:
2025 Arab Electric Cooperative Inc. 990 filed
November 5, 2024:
2024 Arab Electric Cooperative Inc. 990 filed
November 8, 2023:
2023 Arab Electric Cooperative Inc. 990 filed

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