First Electric Cooperative Corporation
501(c)(12)
Only null% goes to programs Strong reserves Growing revenue
First Electric Cooperative Corporation is a 501(c)(12) organization based in Jacksonville, Arkansas, registered in 1941, with $270,275,280 in FY2024 revenue. CharityIndex grades it A.
1000 S Jp Wright Loop Rd, Jacksonville, AR, 72076 EIN 71-0056715 Since 1941
Revenue (FY2024)
$270.3M
▲ 15.7% vs prior year
Expenses (FY2024)
$273.5M
Net assets
$320.3M
Employees
312
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for First Electric Cooperative Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating14 mo reserves · -1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For First Electric Cooperative Corporation: 14 mo reserves · -1% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For First Electric Cooperative Corporation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
BTransparency10% of the rating3 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For First Electric Cooperative Corporation: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
To provide quality, reliable and affordable electric service to members of the cooperative.
Contact & location
- Address
- 1000 S Jp Wright Loop Rd, Jacksonville, AR, 72076
- City
- Jacksonville
- State
- Arkansas
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $184.1M (FY2013) to $270.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $522.1MNet assets $320.3M
Operating margin
-1.2%
Spent more than it raised in the latest fiscal year.
Total assets
$842.4M
Total liabilities
$522.1M
Net assets
$320.3M
Salaries & benefits
$30.0M
11% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $270,275,280▲15.7% | $273,516,735▲15.4% | $320,298,572▲1.9% | $842,440,929▲12.6% | 990 |
| 2023 | $233,567,722▼14.5% | $237,053,577▼14.4% | $314,259,981▲2.3% | $748,223,131▲12.5% | 990 |
| 2022 | $273,232,530▲16.6% | $276,779,380▲17.9% | $307,289,404▲5.4% | $665,270,338▲16.2% | 990 |
| 2021 | $234,356,715▲24.7% | $234,850,185▲24.9% | $291,625,665▲4.8% | $572,577,962▲10.3% | 990 |
| 2020 | $188,001,291▼3.3% | $188,001,291▼3.3% | $278,264,790▲2.4% | $519,016,940▲4.1% | 990 |
| 2019 | $194,484,232▼3.9% | $194,484,232▼3.9% | $271,828,313▲3.6% | $498,593,823▲0.9% | 990 |
| 2018 | $202,342,608▲7.7% | $202,342,608▲7.7% | $262,404,947▲5.9% | $494,344,521▲1.0% | 990 |
| 2017 | $187,942,712▲0.6% | $187,942,712▲0.6% | $247,689,242▲2.0% | $489,619,222▼0.1% | 990 |
| 2016 | $186,764,354▲4.1% | $186,764,354▲4.1% | $242,814,398▲3.6% | $490,010,838▼0.6% | 990 |
| 2015 | $179,335,332▼2.5% | $179,335,332▼2.5% | $234,291,028▲4.1% | $493,018,766▲3.7% | 990 |
| 2014 | $183,930,333▼0.1% | $183,930,333▼0.1% | $225,034,484▲4.6% | $475,281,508▲2.1% | 990 |
| 2013 | $184,052,422 | $184,052,422▲3.2% | $215,229,758▲3.9% | $465,632,068▲8.1% | 990 |
| 2012 | — | $178,388,155▲1.4% | $207,229,057▲7.3% | $430,941,061▲3.2% | 990 |
| 2011 | — | $175,915,263▲13.9% | $193,070,863▲5.8% | $417,646,600▲2.6% | 990 |
| 2010 | — | $154,411,199 | $182,514,917 | $407,164,574 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Mark Snowden — $534,001 (0.20% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Mark Snowden | Ceo | 45 | $534,001 |
| Melissa Felty | Cfo | 45 | $268,789 |
| Ashley Garringer | Coo | 45 | $258,473 |
| Randy Everett | Cbo | 45 | $257,201 |
| Daniel Riedel | Vp - Engineering | 45 | $253,654 |
| Jerry Driskill | Vp - Operations | 45 | $243,645 |
| Tonya Sexton | Vp - Marketing | 45 | $233,875 |
| Theodore Deweese | Serviceman | 64 | $198,795 |
| David Jones | Field Engineer Supervisor | 40 | $168,868 |
| John Hawkins | Crew Chief | 53 | $162,486 |
| Lloyd Scifres | Field Services Coordinator | 53 | $161,568 |
| Nicholas Pflasterer | Serviceman | 57 | $159,934 |
| Brock Brewer | Director | 7.2 | $42,544 |
| David Luebke | Director | 6 | $42,544 |
| Rick Love | Director | 9.7 | $42,544 |
| Larry Wood | Director | 6.4 | $42,245 |
| Tracy Hudspeth | Chairman | 7.3 | $40,144 |
| John Roland | Director | 5.9 | $38,944 |
| Todd Prothro | Vice Chairman | 9.5 | $37,744 |
| Karissa Rushing | Secretary/treasurer | 8.1 | $36,544 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Klassmeyer Construction Inc | Fiber Construction Labor | $41,274,282 |
| Stuart C Irby Co Inc | Ftth Materials and Support | $27,604,162 |
| Utility Lines Construction Inc | Powerline Construction | $9,459,704 |
| Itg Communications LLC | Fiber Construction Labor | $8,434,350 |
| Asplundh Tree Expert Co | Row Clearing | $2,649,991 |
Grants made · $20K in FY2024
1 grant totaling $20K in FY2024. All grants made by First Electric Cooperative Corporation →
| Recipient | Purpose | Amount |
|---|---|---|
| First Electric Trust | To pay for direct operating expenses for the trust. | $20,397 |
Frequently asked questions
- Is First Electric Cooperative Corporation a legitimate nonprofit?
- Yes. First Electric Cooperative Corporation is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 71-0056715, based in Jacksonville, Arkansas.
- What is First Electric Cooperative Corporation's EIN?
- First Electric Cooperative Corporation's Employer Identification Number (EIN) is 71-0056715.
- How much revenue does First Electric Cooperative Corporation report?
- First Electric Cooperative Corporation reported $270,275,280 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does First Electric Cooperative Corporation have?
- CharityIndex grades First Electric Cooperative Corporation A, based on financial health (reserves and operating margin).
- How much does First Electric Cooperative Corporation's highest-paid employee make?
- The highest reported compensation on First Electric Cooperative Corporation's latest Form 990 is $534,001, paid to Mark Snowden (Ceo).
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Data for First Electric Cooperative Corporation (EIN 71-0056715) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.