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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 Rich Mountain Electric Cooperative Inc.

Rich Mountain Electric Cooperative Inc.

Fiscal year ending 2022. Filed on April 10, 2023.

PO Box 897
Mena, Arkansas 71953

Rich Mountain Electric Cooperative Inc. (EIN: 71-0207627) has filed an IRS Form 990 between fiscal years 2016 and 2023. In its fiscal year 2022 IRS Form 990 filing, Rich Mountain Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 7 out of 38 total employees. Among the employees shown here, the average compensation is $193,294. The highest compensated employee at Rich Mountain Electric Cooperative Inc. is Brad Castor with fiscal year 2022 compensation of $296,811.

Revenue, expenses, and employee compensation

Revenue

$23,041,846

Expenses

$22,263,972

Employee compensation

$1,719,931
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Brad Castor
Chief Executive Officer
$296,811
$211,927 No related comp$84,884
Brian Dixon
Employee
$188,291
$130,407 No related comp$57,884
Ricky J Strother
Employee
$186,851
$140,720 No related comp$46,131
Chris Parker
Cfo/Office MGR
$184,598
$129,324 No related comp$55,274
Jason Oneal
Employee
$167,540
$119,673 No related comp$47,867
John Larucci
Employee
$166,121
$116,532 No related comp$49,589
Jason Harris
Employee
$162,847
$112,857 No related comp$49,990

Benchmark Employee Compensation

Non-Employee Board Members

Kyle Cannon
Director
$47,656
$47,656 No related compNo other comp
Mark Robbins
Treasurer
$46,554
$46,554 No related compNo other comp
Tommy Miller
Director
$45,451
$45,451 No related compNo other comp
Buddy Newbolt
Chair
$42,580
$42,580 No related compNo other comp
Gary Bearden
Director
$41,041
$41,041 No related compNo other comp
Hershel Bell
Director
$38,836
$38,836 No related compNo other comp
Danny Hansbrough
Director
$37,734
$37,734 No related compNo other comp
Larry Dunaway
Vice Chair
$37,177
$37,177 No related compNo other comp
Betty Smith
Director
$29,843
$29,843 No related compNo other comp

Mission Statement

RICH MOUNTAIN ELECTRIC COOPERATIVE INC. IS A MEMBER OWNED ELECTRIC DISTRIBUTION COOPERATIVE ESTABLISHED TO PROVIDE ELECTRIC SERVICE TO ITS MEMBERS AT THE LOWEST POSSIBLE COST. THIS INCLUDES ASSISTING ITS MEMBERS IN FINDING WAYS TO IMPROVE ENERGY EFFICIENCY AT THEIR HOME OR BUSINESS.

Revisions to this organization profile

April 8, 2024:
2023 Rich Mountain Electric Cooperative Inc. 990 filed
April 10, 2023:
2022 Rich Mountain Electric Cooperative Inc. 990 filed
April 28, 2022:
2021 Rich Mountain Electric Cooperative Inc. 990 filed

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