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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 Carroll Electric Cooperative Corporation

Carroll Electric Cooperative Corporation

Fiscal year ending 2024. Filed on November 18, 2025.

PO Box 4000
Berryville, Arkansas 72616

Carroll Electric Cooperative Corporation (EIN: 71-0027635) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Carroll Electric Cooperative Corporation, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 7 out of 398 total employees. Among the employees shown here, the average compensation is $616,728. The highest compensated employee at Carroll Electric Cooperative Corporation is Robert Boaz with fiscal year 2024 compensation of $1,235,536.

Revenue, expenses, and employee compensation

Revenue

$285,505,825

Expenses

$284,098,456

Employee compensation

$35,201,036
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Robert Boaz
President and Chief Executive Officer
$1,235,536
$714,511 No related comp$521,025
Kean Steely
Vice President Engineering and Operations
$610,521
$389,883 No related comp$220,638
Michael Dodge
Vice President Bentonville District
$562,622
$326,609 No related comp$236,013
John Worley
Vice President Benton County LINE Services
$535,542
$272,175 No related comp$263,367
Chad Allen
Vice President, Financial Services
$532,856
$287,982 No related comp$244,874
Cory Smith
Vice President Corporate Relations
$432,987
$306,555 No related comp$126,432
Tyler Ashworth
Vice President TEAM Services
$407,035
$289,319 No related comp$117,716

Benchmark Employee Compensation

Non-Employee Board Members

David Glass
Director
$44,170
$44,122 No related comp$48
Kristy Noble-Tesch
Director
$42,708
$42,672 No related comp$36
Joseph R Spivey
Director
$40,916
$40,880 No related comp$36
Charles R Shinn
Director
$39,219
$39,174 No related comp$45
Bobby G Raulston
Director
$39,201
$39,174 No related comp$27
J Neff Basore
Director
$35,772
$35,743 No related comp$29
Carla Hathorn
Vice Chair
$35,174
$35,137 No related comp$37
Alan Hunnicutt
Chair
$34,665
$34,625 No related comp$40
Winfred Prier
Secretary and Treasurer
$33,524
$33,524 No related compNo other comp

Contractors

Barrows Excavation Inc.
Construction
$11,347,424
Arkansas Electric Cooperativeinc
Line Construction Row Clearing and Train
$8,112,816
Hawk Line Construction
Line Construction
$5,917,461
Black & Mcdonald
Engineering
$5,695,833
Kv Power LLC
Line Construction
$5,045,465

Mission Statement

WE EXIST TO SERVE OUR MEMBERS WITH SAFE, RELIABLE, AND AFFORDABLE ELECTRICITY.

Revisions to this organization profile

November 18, 2025:
2024 Carroll Electric Cooperative Corporation 990 filed
November 15, 2024:
2023 Carroll Electric Cooperative Corporation 990 filed
November 15, 2023:
2022 Carroll Electric Cooperative Corporation 990 filed

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Other organizations also named Carroll Electric Cooperative

Carroll Electric Cooperative Inc.
Carrollton, Ohio