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Farmers Electric Cooperative Inc

Organization summary

Type of Nonprofit

Designated as a Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$34M (2022)

Expenses
$30.9M (2022)

Total Assets
$113M (2022)

Total Liabilities
$68.3M (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$34,019,457
Expenses
$30,882,136
Net Income
$3,137,321
Net Assets
$44,671,132
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $33,787,653
99.3%
Investment Income $231,804
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $573,902
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $112,966,033
Total Liabilities $68,294,901
Net Assets $44,671,132
Club or Co-Op Income
Income From Members $33,181,666
Income From Other Sources $837,791
Compensation
Key Employees and Officers Compensation Related Other
Rodney Cotton (General Manager) $225,872 $0 $129,189
Troy Hermanson (Operations Manager) $129,781 $0 $62,182
Aaron Wagers (Lead Lineman) $110,513 $0 $84,294
Garry Widner (Substation Serviceman) $108,118 $0 $80,907
Kassidy Neuhalfen (Substation Serviceman) $104,227 $0 $42,222
Jason Howe (Substation Serviceman) $102,824 $0 $60,796
Lacey Capps (Cfo) $93,989 $0 $38,852
Glen Waters (Vice President) $16,000 $0 $0
Toni Cox (Director) $13,500 $0 $0
Warren Hoyt (Treasurer) $13,000 $0 $0
Larry Muck (Asst Secretary) $12,500 $0 $0
W D Richards (Director) $12,500 $0 $0
Arzy Bisbee Jr (Secretary) $11,000 $0 $0
Leroy Kern (President) $7,500 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$31,632,453
Expenses
$29,638,996
Net Income
$1,993,457
Net Assets
$40,981,765
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $31,566,288
99.8%
Investment Income $66,165
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $560,216
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $108,623,501
Total Liabilities $67,641,736
Net Assets $40,981,765
Club or Co-Op Income
Income From Members $30,931,504
Income From Other Sources $700,949
Compensation
Key Employees and Officers Compensation Related Other
Rodney Cotton (General Manager) $204,258 $0 $115,218
Troy Hermanson (Operations Manager) $123,791 $0 $57,930
Kassidy Neuhalfen (Substation Serviceman) $112,117 $0 $30,789
Gregory Jones (Substation Serviceman) $111,113 $0 $57,907
Garry Widner (Substation Serviceman) $109,880 $0 $77,033
Aaron Wagers (Lead Lineman) $108,953 $0 $93,730
Kinnison Mc Kay (Cfo) $102,898 $0 $21,743
Lacey Capps (Cfo) $81,625 $0 $29,549
Toni Cox (Director) $14,000 $0 $0
W D Richards (Director) $12,000 $0 $0
Larry Muck (Asst Secretary) $10,500 $0 $0
Warren Hoyt (Treasurer) $9,500 $0 $0
Glen Waters (Vice President) $9,000 $0 $0
Arzy Bisbee Jr (Secretary) $8,500 $0 $0
Leroy Kern (President) $7,500 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$30,922,312
Expenses
$29,318,433
Net Income
$1,603,879
Net Assets
$39,221,604
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $30,828,644
99.7%
Investment Income $93,668
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $403,641
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $105,014,049
Total Liabilities $65,792,445
Net Assets $39,221,604
Club or Co-Op Income
Income From Members $30,326,570
Income From Other Sources $595,742
Compensation
Key Employees and Officers Compensation Related Other
Rodney Cotton (General Manager) $193,605 $0 $88,411
Troy Hermanson (Operations Manager) $121,352 $0 $51,125
Kinnison Mc Kay (Cfo) $109,245 $0 $31,552
Darrell Underwood (Substation Serviceman) $106,063 $0 $42,939
Aaron Wagers (Lead Lineman) $101,671 $0 $79,511
Warren Minnis (Substation Serviceman) $101,251 $0 $69,438
Toni Cox (Director) $9,000 $0 $0
Larry Muck (Asst Secretary) $8,500 $0 $0
Glen Waters (Director) $8,000 $0 $0
Leroy Kern (President) $7,500 $0 $0
W D Richards (Vice President) $7,000 $0 $0
Warren Hoyt (Treasurer) $7,000 $0 $0
Arzy Bisbee Jr (Secretary) $7,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$32,024,632
Expenses
$29,747,524
Net Income
$2,277,108
Net Assets
$38,656,428
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $31,876,487
99.5%
Investment Income $148,145
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $465,089
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $100,814,950
Total Liabilities $62,158,522
Net Assets $38,656,428
Club or Co-Op Income
Income From Members $31,437,657
Income From Other Sources $586,975
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Rodney Cotton (General Manager) $174,157 $0 $65,578
Troy Hermanson (Operations Manager) $120,046 $0 $35,967
Kinnison Mc Kay (Cfo) $95,521 $0 $25,333
Warren Hoyt (Treasurer) $18,500 $0 $0
W D Richards (Vice President) $16,000 $0 $0
Glen Waters (Director) $16,000 $0 $0
Toni Cox (Director) $14,500 $0 $0
Arzy Bisbee Jr (Secretary) $12,000 $0 $0
Larry Muck (Director) $9,500 $0 $0
Ronnie Cornett (Director) $8,500 $0 $0
Leroy Kern (President) $8,000 $0 $0
Ray Shields (Director) $1,500 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$32,523,046
Expenses
$29,906,653
Net Income
$2,616,393
Net Assets
$37,464,073
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $32,357,720
99.5%
Investment Income $165,326
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $421,745
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $99,493,426
Total Liabilities $62,029,353
Net Assets $37,464,073
Club or Co-Op Income
Income From Members $31,843,057
Income From Other Sources $514,663
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Rodney Cotton (General Manager) $167,145 $0 $61,574
Troy Hermanson (Operations Manager) $118,794 $0 $41,568
Kinnison Mc Kay (Cfo) $90,490 $0 $24,536
W D Richards (Vice President) $15,000 $0 $0
Ray Shields (Director) $12,500 $0 $0
Glen Waters (Director) $12,500 $0 $0
Warren Hoyt (Treasurer) $12,000 $0 $0
Ronnie Cornett (President) $11,500 $0 $0
Arzy Bisbee Jr (Director) $8,500 $0 $0
Leroy Kern (Secretary) $6,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$29,757,076
Expenses
$28,917,400
Net Income
$839,676
Net Assets
$35,795,975
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $29,649,130
99.6%
Investment Income $126,313
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$18,367
Notable Expenses Percent of Total Expenses
Executive Compensation $332,833
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $97,618,041
Total Liabilities $61,822,066
Net Assets $35,795,975
Club or Co-Op Income
Income From Members $29,674,555
Income From Other Sources $82,521
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Rodney Cotton (General Manager) $160,665 $0 $54,212
Troy Hermanson (Operations Manager) $111,040 $0 $34,276
Kinnison Mc Kay (Cfo) $83,168 $0 $19,641
Warren Hoyt (Treasurer) $16,500 $0 $0
W D Richards (Vice President) $14,500 $0 $0
Ray Shields (Director) $14,500 $0 $0
Ronnie Cornett (President) $13,500 $0 $0
Glen Waters (Director) $13,000 $0 $0
Arzy Bisbee Jr (Director) $9,500 $0 $0
Leroy Kern (Secretary) $7,500 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$30,384,283
Expenses
$29,042,715
Net Income
$1,341,568
Net Assets
$34,954,269
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $30,237,139
99.5%
Investment Income $98,920
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $66,056
0.2%
Net Inventory Sales $0
Other Revenue -$17,832
Notable Expenses Percent of Total Expenses
Executive Compensation $305,648
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $94,675,524
Total Liabilities $59,721,255
Net Assets $34,954,269
Club or Co-Op Income
Income From Members $29,788,546
Income From Other Sources $595,737
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Rodney Cotton (General Manager) $149,975 $0 $36,586
Kinnison Mc Kay (Cfo) $75,173 $0 $18,145
Warren Hoyt (Treasurer) $16,000 $0 $0
W D Richards (Vice President) $14,500 $0 $0
Ronnie Cornett (President) $11,500 $0 $0
Arzy Bisbee Jr (Director) $11,000 $0 $0
Ray Shields (Director) $11,000 $0 $0
Richard Anderson (Director) $8,000 $0 $0
Leroy Kern (Secretary) $6,000 $0 $0
Glen Waters (Director) $2,500 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$29,903,827
Expenses
$28,727,552
Net Income
$1,176,275
Net Assets
$33,606,708
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $29,800,021
99.7%
Investment Income $121,074
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,000
0.0%
Net Inventory Sales $0
Other Revenue -$19,268
Notable Expenses Percent of Total Expenses
Executive Compensation $117,182
0.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $90,277,342
Total Liabilities $56,670,634
Net Assets $33,606,708
Club or Co-Op Income
Income From Members $29,466,959
Income From Other Sources $436,868
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Rodney Cotton (General Manager) $135,637 $0 $35,592
Ronnie Cornett (President) $19,526 $0 $0
W D Richards (Vice President) $18,926 $0 $0
Warren Hoyt (Treasurer) $16,826 $0 $0
Ray Shields (Director) $16,826 $0 $0
Arzy Bisbee Jr (Director) $16,226 $0 $0
Richard Anderson (Director) $15,326 $0 $0
Leroy Kern (Secretary) $13,526 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$30,279,263
Expenses
$28,542,465
Net Income
$1,736,798
Net Assets
$32,384,358
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $30,124,707
99.5%
Investment Income $119,327
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $41,151
0.1%
Net Inventory Sales $0
Other Revenue -$5,922
Notable Expenses Percent of Total Expenses
Executive Compensation $120,408
0.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $92,204,302
Total Liabilities $59,819,944
Net Assets $32,384,358
Club or Co-Op Income
Income From Members $29,789,315
Income From Other Sources $531,099
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Rodney Cotton (General Manager) $119,803 $0 $34,178
W D Richards (Vice President) $19,344 $0 $0
Ray Shields (Director) $18,444 $0 $0
Warren Hoyt (Treasurer) $18,144 $0 $0
Ronnie Cornett (President) $17,844 $0 $0
Richard Anderson (Director) $16,944 $0 $0
Leroy Kern (Secretary) $14,844 $0 $0
Arzy Bisbee Jr (Director) $14,844 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$28,681,647
Expenses
$28,757,471
Net Income
-$75,824
Net Assets
$30,646,972
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $28,605,962
99.7%
Investment Income $110,805
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$35,120
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $87,932,039
Total Liabilities $57,285,067
Net Assets $30,646,972
Club or Co-Op Income
Income From Members $27,546,803
Income From Other Sources $506,574
Compensation
Key Employees and Officers Compensation Related Other
Michael Sanders (Exec Vp Gm) $167,440 $0 $67,313
Richard Anderson (Dir) $19,620 $0 $0
Warren Hoyt (Treasurer) $18,720 $0 $0
Ray Shields (Dir) $16,920 $0 $0
Wd Richards (Vp) $15,420 $0 $0
Arzy Bisbee Jr (Dir) $15,120 $0 $0
Leroy Kern (Secretary) $14,220 $0 $0
Ronnie Cornett (President) $12,575 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$27,926,406
Expenses
$27,851,031
Net Income
$75,375
Net Assets
$29,657,454
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $27,744,796
99.3%
Investment Income $106,235
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $75,375
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $83,542,346
Total Liabilities $53,884,892
Net Assets $29,657,454
Club or Co-Op Income
Income From Members $26,739,111
Income From Other Sources $474,286

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$28,397,539
Expenses
$28,753,311
Net Income
-$355,772
Net Assets
$28,567,890
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $28,649,384
> 100%
Investment Income $103,210
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$355,055
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $81,826,334
Total Liabilities $53,258,444
Net Assets $28,567,890
Club or Co-Op Income
Income From Members $27,451,096
Income From Other Sources $659,545

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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