Organizations Filed Purposes:
To make electric energy available to its members at the lowest cost consistent with sound economy and good management.
Purchase of electricity for sale to our members. this sale of low cost electricity benefits an average of approximately 5,000 members.
Interest charged from the financing of long-term debt and other interest. Farmers Electric borrows monies at the lowest rate possible. This low cost financing helps provide adequate electric service to its rural customers at the lowest cost possible.
Depreciation of Plant Equipment-Straight-Line Depreciation-Distribution $945,021 and General Plant $45,946
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Larry Bright | General Manager | 40 | $143,332 |
| Candace Shirley | Director | 2 | $30,702 |
| Scott Mears | Director | 2 | $28,585 |
| Kenny Falwell | Director | 2 | $24,038 |
| Darrell Sam Houston | Director | 2 | $21,969 |
| Michael Honey | Director | 2 | $21,288 |
| Scott Foushee | Director | 2 | $4,268 |
| Buddy Hulett | Director | 2 | $3,628 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202023379349300212_public.xml