Farmers Electric Cooperative Inc

Fiscal year ending 2024. Filed on June 20, 2025.

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 2024 IRS Form 990 filing, Farmers Electric Cooperative Inc, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 7 out of 43 total employees. Among the employees shown here, the average compensation is $208,336. The highest compensated employee at Farmers Electric Cooperative Inc is Donald Smith with fiscal year 2024 compensation of $329,621.

Revenue, expenses, and employee compensation

Revenue

$33,398,089

Expenses

$32,328,928

Employee compensation

$597,079

Reported Compensated Employees

＋206.9%vs 2023

General Manager

$238,046 from orgNo related comp$91,575 other

＋15.9%vs 2023

$141,364 from orgNo related comp$79,408 other

Operations Manager

$144,083 from orgNo related comp$55,768 other

Substation Serviceman

$131,920 from orgNo related comp$53,671 other

Substation Serviceman

$128,886 from orgNo related comp$50,459 other

＋16.9%vs 2023

Substation Serviceman

$130,989 from orgNo related comp$46,226 other

Chief Financial Officer

$125,781 from orgNo related comp$40,177 other

Non-Employee Board Members

$17,000 from orgNo related compNo other comp

＋343.8%vs 2023

Stanley Switzer

$16,500 from orgNo related compNo other comp

$16,000 from orgNo related compNo other comp

＋10.7%vs 2023

$15,500 from orgNo related compNo other comp

Randy Railsback

$14,500 from orgNo related compNo other comp

－28.6%vs 2023

$10,000 from orgNo related compNo other comp

－44.8%vs 2023

$8,000 from orgNo related compNo other comp

$4,000 from orgNo related compNo other comp

Contractors

＋12.2%vs 2023

Kiowa Line Builders Inc.

Line Construction

Asplundh Tree Expert CO

Row Maintenance

＋345.6%vs 2023

Sellenriek Energy LLC

Line Construction

＋18.6%vs 2018

Dedicated Services LLC

－33.3%vs 2022

Row Maintenance

Mission Statement

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

Other organizations also named Farmers Electric Cooperative

Farmers Electric Cooperative

Newport, Arkansas

Farmers Electric Cooperative

Farmers Electric Cooperative Inc.

Greenville, Texas

Farmers Electric Cooperative Inc. of New Mexico

Clovis, New Mexico

Farmers Electric Cooperative Inc.

Greenfield, Iowa

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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