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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 Farmers Electric Cooperative

Farmers Electric Cooperative

Fiscal year ending 2024. Filed on September 15, 2025.

300 Highway 367 N
Newport, Arkansas 72112

Farmers Electric Cooperative (EIN: 71-0054405) has filed an IRS Form 990 since fiscal year 2019. In its fiscal year 2024 IRS Form 990 filing, Farmers Electric Cooperative, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 2 out of 24 total employees. Among the employees shown here, the average compensation is $196,297. The highest compensated employee at Farmers Electric Cooperative is Larry Bright with fiscal year 2024 compensation of $243,235.

Revenue, expenses, and employee compensation

Revenue

$13,499,638

Expenses

$13,499,638

Employee compensation

$652,251
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Larry Bright
General Manager
$243,235
$189,044 No related comp$54,191
Ronald Mark Bowen
Const Superi
$149,359
$105,684 No related comp$43,675

Benchmark Employee Compensation

Non-Employee Board Members

Candace Shirley
Secretary and Treasurer
$30,004
$30,004 No related compNo other comp
Scott Mears
Director
$27,196
$27,196 No related compNo other comp
Kenny Falwell
President
$24,283
$24,283 No related compNo other comp
Sam Houston
Vice President
$23,390
$23,390 No related compNo other comp
Michael Honey
Director
$23,335
$23,335 No related compNo other comp
Scott Foushee
Director
$3,768
$3,768 No related compNo other comp
Todd Hulett
Director
$1,716
$1,716 No related compNo other comp

Contractors

Elite Solutions LLC
Fiber
$2,279,911
System Services Broadband
Fiber
$1,454,435
Highland Cabling LLC
Fiber Install
$334,003
Riggs Tree Service
Row
$244,706
Cms Wireless
Fiber
$131,702

Mission Statement

TO MAKE ELECTRIC ENERGY AVAILABLE TO ITS MEMBERS AT THE LOWEST COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT.

Revisions to this organization profile

September 15, 2025:
2024 Farmers Electric Cooperative 990 filed
October 9, 2024:
2023 Farmers Electric Cooperative 990 filed
May 9, 2023:
2022 Farmers Electric Cooperative 990 filed

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