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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 Inc

Farmers Electric Cooperative Inc

Fiscal year ending 2023. Filed on October 25, 2024.

201 W Business Hwy 36
Chillicothe, Missouri 64601

Farmers Electric Cooperative Inc (EIN: 44-0241597) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2023 IRS Form 990 filing, Farmers Electric Cooperative Inc, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 8 out of 44 total employees. Among the employees shown here, the average compensation is $161,610. The highest compensated employee at Farmers Electric Cooperative Inc is Troy Hermanson with fiscal year 2023 compensation of $195,795.

Revenue, expenses, and employee compensation

Revenue

$33,398,741

Expenses

$31,938,367

Employee compensation

$550,613
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Troy Hermanson
Operations Manager
$195,795
$144,944 No related comp$50,851
Aaron Wagers
Lead Lineman
$190,411
$120,513 No related comp$69,898
Rodney Cotton
General Manager
$185,970
$119,500 No related comp$66,470
Garry Widner
Substation Serviceman
$180,227
$113,745 No related comp$66,482
Jason Howe
Substation Serviceman
$151,591
$110,240 No related comp$41,351
Lacey Capps
Chief Financial Officer
$151,018
$115,370 No related comp$35,648
Eric Adams
Journeyman Lineman
$130,462
$111,178 No related comp$19,284
Donald Smith
Chief Executive Officer
$107,407
$78,121 No related comp$29,286

Benchmark Employee Compensation

Non-Employee Board Members

Glen Waters
President
$17,500
$17,500 No related compNo other comp
Warren Hoyt
Treasurer
$14,500
$14,500 No related compNo other comp
Arzy Bisbee Jr
Secretary
$14,500
$14,500 No related compNo other comp
Toni Cox
Secretary
$14,000
$14,000 No related compNo other comp
Larry Muck
Vice President
$14,000
$14,000 No related compNo other comp
W D Richards
Director
$12,500
$12,500 No related compNo other comp
Leroy Kern
President
$11,500
$11,500 No related compNo other comp
Stanley Switzer
Director
$3,718
$3,718 No related compNo other comp
Randy Railsback
Director
$2,000
$2,000 No related compNo other comp
James Burk
Director
$2,000
$2,000 No related compNo other comp

Contractors

Asplundh Tree Expert CO
Row Maintenance
$607,886
Kiowa Line Builders Inc.
Line Construction
$603,508
Sellenriek Energy
Line Construction
$112,995
Toth & Associates
Engineering
$112,236

Mission Statement

Distribution and sale of electricity to over 13,000 meters of cooperative member/owners. Margins are allocated annualy to the membership.

Revisions to this organization profile

June 20, 2025:
2024 Farmers Electric Cooperative Inc 990 filed
October 25, 2024:
2023 Farmers Electric Cooperative Inc 990 filed
November 1, 2023:
2022 Farmers Electric Cooperative Inc 990 filed

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