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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 Rural Electric Cooperative Inc.

Rural Electric Cooperative Inc.

Fiscal year ending 2023. Filed on November 15, 2024.

PO Box 609
Lindsay, Oklahoma 73052

Rural Electric Cooperative Inc. (EIN: 73-0431276) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2023 IRS Form 990 filing, Rural Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 7 out of 55 total employees. Among the employees shown here, the average compensation is $225,976. The highest compensated employee at Rural Electric Cooperative Inc. is Freddy Ricks with fiscal year 2023 compensation of $313,843.

Revenue, expenses, and employee compensation

Revenue

$56,899,575

Expenses

$56,652,245

Employee compensation

$5,530,738
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Freddy Ricks
Chief Executive Officer
$313,843
$233,744 No related comp$80,099
Linda Ray
Chief Financial Officer
$307,366
$197,025 No related comp$110,341
David Crull
LINE Supervisor
$233,115
$117,825 No related comp$115,290
Shane J Mays
Operations Manager
$221,282
$123,859 No related comp$97,423
Denny Horstman
Meter TECH
$183,888
$123,042 No related comp$60,846
Aric Bearden
DIST Lineman
$167,952
$113,954 No related comp$53,998
Benjamin Pigg
Lineman
$154,388
$116,399 No related comp$37,989

Benchmark Employee Compensation

Non-Employee Board Members

Scott Christian
Vice President
$48,381
$48,381 No related compNo other comp
Brent Bacon
Secretary and Treasurer
$47,146
$47,146 No related compNo other comp
Gary Jones
President
$45,844
$45,844 No related compNo other comp
Johnny Harrel
Director
$39,888
$39,888 No related compNo other comp
Randall Griswold
Director
$29,231
$29,231 No related compNo other comp
Mark Finch
Director
$26,740
$26,740 No related compNo other comp
Terri Hays
Director
$25,398
$25,398 No related compNo other comp
Larry Anderson
Director
$22,402
$22,402 No related compNo other comp
Emmett Harrison
Director (May-Dec)
$16,329
$16,329 No related compNo other comp

Contractors

The Davey Tree Surgery Company
Tree Trimming
$1,297,015
Varnell's Powerline Construction CO IN
Construction Contractor
$762,449
Apex Row
Herbicide Sprayer
$467,756
S&R Utilities LLC
Contract Labor
$175,551
Osmose Utilities Services Inc.
Pole Inspection and Treatment
$162,126

Mission Statement

TO PROVIDE ELECTRIC POWER TO MEMBERS AT COST ON A COOPERATIVE BASIS.

Revisions to this organization profile

November 13, 2025:
2024 Rural Electric Cooperative Inc. 990 filed
November 15, 2024:
2023 Rural Electric Cooperative Inc. 990 filed
October 5, 2023:
2022 Rural Electric Cooperative Inc. 990 filed

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Warren Rural Electric Cooperative Corporation
Bowling Green, Kentucky
National Rural Electric Cooperative Association
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Pennyrile Rural Electric Cooperative Corporation
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South Kentucky Rural Electric Cooperative Corporation
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Upshur-Rural Electric Cooperative Corporation
Gilmer, Texas
West Kentucky Rural Electric Cooperative Corporation
Mayfield, Kentucky