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EIN 42-0243365

Farmers Electric Cooperative

IRS 501(c) type
501(c)(12)
Num. employees
22
City
Greenfield
State
Iowa
Year formed
1938
Most recent tax filings
2023-12-01
NTEE code, primary
W80: Public Utilities
Description
Provide our members with a dependable quality and quantity of electrical energy at the lowest possible rates consistent with sound business practices and financial feasibility and to provide such other services that would be desirable for the betterment of our members. Farmers Electric Cooperative, Inc. Exists to deliver safe, reliable, affordable electricity and other services to improve the quality of life within our communities. To provide our members with a dependable quality and quantity of electrical energy.
Total revenues
$15,554,329
2023
Total expenses
$15,352,378
2023
Total assets
$47,860,581
2023
Num. employees
22
2023

Program areas at Farmers Electric Cooperative

Provided Electric service to approximately 5,061 consumers or 3,833 members and added 37.484 miles of line.

Grants made by Farmers Electric Cooperative

GranteeGrant descriptionAmount
Adair County Health & Fitness CenterBuilding Improvements of the Fitness Center$5,500

Personnel at Farmers Electric Cooperative

NameTitleCompensation
Holi WestonChief Executive Officer$129,079
Lori KinyonChief Financial Officer$100,378
David ShikeDirector of Operations$102,231
C Charles DunnPast Chief Executive Officer Until 08 and 2022$113,782
Dan WestphalPresident$8,725
...and 5 more key personnel

Financials for Farmers Electric Cooperative

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$15,254,210
Investment income and dividends$294,921
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$2,520
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$2,678
Miscellaneous revenues$0
Total revenues$15,554,329

Form 990s for Farmers Electric Cooperative

Fiscal year endingDate received by IRSFormPDF link
2023-122024-08-06990View PDF
2022-122023-07-27990View PDF
2021-122022-07-21990View PDF
2020-122021-09-30990View PDF
2019-122020-12-01990View PDF
...and 10 more Form 990s

Organizations like Farmers Electric Cooperative

OrganizationLocationRevenue
Midland Power CooperativeBoone, IA$57,765,405
Prairie Energy CooperativeClarion, IA$33,622,237
West River Electric AssociationWall, SD$44,777,288
Alaska Village Electric CooperativeAnchorage, AK$69,708,185
Carteret-Craven Electric CooperativeNewport, NC$72,417,120
Grundy County Rural Electric CooperativeGrundy Center, IA$11,131,300
The Nemaha-Marshall Electric Cooperative AssnAxtell, KS$7,334,944
Douglas Electric CooperativeRoseburg, OR$24,667,189
Tideland Electric Membership CorporationPantego, NC$52,378,506
Nishnabotna Valley Rural Electric CooperativeHarlan, IA$18,916,306
Data update history
September 29, 2024
Posted financials
Added Form 990 for fiscal year 2023
September 23, 2024
Updated personnel
Identified 1 new personnel
August 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 23, 2023
Updated personnel
Identified 1 new personnel
August 17, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Public utilitiesPublic sector nonprofits
Issues
No issues found
Characteristics
State / local levelReceives government funding
General information
Address
2389 Hwy 92 PO Box 330
Greenfield, IA 50849
County
Adair County, IA
Website URL
farmersrec.com/ 
Phone
(641) 743-6146
IRS details
EIN
42-0243365
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1938
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W80: Public Utilities
NAICS code, primary
2211: Electric Power Generation, Transmission, and Distribution Establishments
Parent/child status
Independent
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