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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 Franklin Rural Electric Cooperative

Franklin Rural Electric Cooperative

Fiscal year ending 2024. Filed on October 30, 2025.

PO Box 437
Hampton, Iowa 50441

Franklin Rural Electric Cooperative (EIN: 42-0260720) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Franklin Rural Electric Cooperative, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 5 out of 18 total employees. Among the employees shown here, the average compensation is $141,787. The highest compensated employee at Franklin Rural Electric Cooperative is Garrett Thompson with fiscal year 2024 compensation of $171,595.

Revenue, expenses, and employee compensation

Revenue

$9,100,289

Expenses

$9,100,289

Employee compensation

$369,015
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Garrett Thompson
General Manager
$171,595
$129,104 No related comp$42,491
Karen Ringleb
Office Manager/Accountant
$148,240
$85,544 No related comp$62,696
Chad Foster
Member Service
$135,985
$101,953 No related comp$34,032
Tom Demro
Crew Chief
$128,146
$102,173 No related comp$25,973
Cole Marzen
Crew Chief
$124,971
$105,140 No related comp$19,831

Benchmark Employee Compensation

Non-Employee Board Members

John Snyder
Vice President
$8,800
$8,800 No related compNo other comp
Gordon Greimann
President
$7,800
$7,800 No related compNo other comp
Matthew Roelfs
Director
$7,360
$7,360 No related compNo other comp
Don Greimann
Director
$7,200
$7,200 No related compNo other comp
David Keninger
Secretary and Treasurer
$6,500
$6,500 No related compNo other comp
Darwin van Horn
Director
$6,400
$6,400 No related compNo other comp
Dale Schaefer
Director
$5,120
$5,120 No related compNo other comp

Mission Statement

TO PROVIDE RELIABLE AND AFFORDABLE ELECTRICITY TO OUR MEMBERS

Revisions to this organization profile

October 30, 2025:
2024 Franklin Rural Electric Cooperative 990 filed
October 30, 2024:
2023 Franklin Rural Electric Cooperative 990 filed
October 25, 2023:
2022 Franklin Rural Electric Cooperative 990 filed

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