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Nonprofiteer
← CLARK ENERGY COOPERATIVE INC

Form 990 for tax year 2025

Filed by CLARK ENERGY COOPERATIVE INC.

Totals

Total revenue
$64,641,105
Total expenses
$64,641,105
Contributions and grants received
$16,105
Grants paid
$18,000
Program service revenue
$61,190,469
Investment income
$57,939
Other revenue
$3,376,592
Total assets, end of year
$158,563,289
Total liabilities, end of year
$87,140,433
Net assets or fund balances, end of year
$71,422,856
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$64,641,105

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $16,105

  • 2a · Program service revenue: ELECTRIC SERVICE REVENUE

    total $61,190,469 · related or exempt $61,190,469

  • 3 · Investment income

    total $40,064 · excluded $40,064

  • 7a · Gross sales of assets other than inventory

    other assets $17,875

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $17,875

  • 7d · Net gain or loss

    total $17,875 · related or exempt $17,875

  • 11a · Other revenue: G&T CAPITAL CREDITS

    total $1,566,531 · related or exempt $1,566,531

  • 11b · Other revenue: JOINT USE ATTACHMENTS

    total $819,054 · excluded $819,054

  • 11c · Other revenue: SUBSIDIARY INCOME

    total $559,288 · unrelated business $559,288

  • 11d · All other revenue

    total $431,719 · related or exempt $431,719

  • 11e · Other revenue, total

    $3,376,592

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $18,000

  • 4 · Benefits paid to or for members

    total $335,458

  • 5 · Compensation of officers, directors and key employees

    total $619,553

  • 6 · Compensation of disqualified persons

    total $5,004,393

  • 8 · Pension plan contributions

    total $936,307

  • 9 · Other employee benefits

    total $718,548

  • 10 · Payroll taxes

    total $414,493

  • 11b · Fees: legal

    total $46,611

  • 11c · Fees: accounting

    total $24,625

  • 13 · Office expenses

    total $291,701

  • 20 · Interest

    total $2,737,416

  • 22 · Depreciation, depletion and amortization

    total $6,524,676

  • 23 · Insurance

    total $274,257

  • 24a · Other expenses: UBIT

    total $85,966

  • 24b · Other expenses: COST OF POWER

    total $41,980,024

  • 24c · Other expenses: DISTRIBUTION - MAINTENA

    total $5,983,826

  • 24d · Other expenses: DISTRIBUTION - OPERATIO

    total $2,743,108

  • 24e · All other expenses

    total -$4,097,857

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $161,372 · end of year $851,491

  • 4 · Accounts receivable

    beginning of year $2,991,394 · end of year $2,610,523

  • 8 · Inventories for sale or use

    beginning of year $1,186,099 · end of year $1,375,208

  • 9 · Prepaid expenses and deferred charges

    beginning of year $80,844 · end of year $173,220

  • 10a · Land, buildings and equipment: cost or other basis

    $170,655,727

  • 10b · Land, buildings and equipment: accumulated depreciation

    $59,086,509

  • 10c · Land, buildings and equipment, net

    beginning of year $109,040,267 · end of year $111,569,218

  • 13 · Investments: program-related

    beginning of year $38,640,428 · end of year $41,033,849

  • 15 · Other assets

    beginning of year $1,197,196 · end of year $949,780

  • 17 · Accounts payable and accrued expenses

    beginning of year $957,539 · end of year $1,293,079

  • 23 · Secured mortgages and notes payable

    beginning of year $70,777,660 · end of year $76,816,002

  • 25 · Other liabilities

    beginning of year $10,442,124 · end of year $9,031,352

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $76,221 · end of year $72,064

  • 31 · Retained earnings, endowment or other funds

    beginning of year $71,044,056 · end of year $71,350,792

Mission and programs · 2025

Mission

PROVIDE DISTRIBUTION ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS.

  • PROVIDE DISTRIBUTION SALES OF ELECTRICITY TO APPROXIMATELY 28,333 EACH MONTH TO MEMBER OWNERS ON A PATRONAGE BASIS.

    Expenses $64,641,105 · Grants $18,000 · Revenue $63,206,594

As filed on the 2025 return.

Listed in Part VII

  • Everett Curry

    DIRECTOR

    Total calculated
    $23,231
    From this org
    $23,231
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Steve Hale

    CHAIRMAN

    Total calculated
    $13,561
    From this org
    $13,561
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Oh Caudill

    VICE CHAIRMAN

    Total calculated
    $18,318
    From this org
    $18,318
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Walter Ballard

    DIRECTOR

    Total calculated
    $18,161
    From this org
    $18,161
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Allen Patrick

    ASST. SECRETARY/TREASURER

    Total calculated
    $20,830
    From this org
    $20,830
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Dewey Hollon

    DIRECTOR

    Total calculated
    $12,267
    From this org
    $12,267
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Linville Gale Means

    DIRECTOR

    Total calculated
    $22,836
    From this org
    $22,836
    From related orgs
    $0
    Other
    $0
    Hours/week
    13

  • Robert Russell

    SECRETARY/TREASURER

    Total calculated
    $19,783
    From this org
    $19,783
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Mary Shearer

    DIRECTOR

    Total calculated
    $17,476
    From this org
    $17,476
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Billy Frasure

    VP FINANCE & OFFICE SERVICES

    Total calculated
    $203,142
    From this org
    $155,090
    From related orgs
    $0
    Other
    $48,052
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,090
    Bonus
    $0
    Other
    $0
    Deferred
    $30,460
    Nontaxable benefits
    $17,592
    Filer's total
    $203,142

  • Robert Brewer

    PRESIDENT/CEO

    Total calculated
    $311,562
    From this org
    $298,000
    From related orgs
    $0
    Other
    $13,562
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $298,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $13,562
    Filer's total
    $311,562

  • C Philip Blythe

    VP OPERATIONS

    Total calculated
    $141,245
    From this org
    $138,217
    From related orgs
    $0
    Other
    $3,028
    Hours/week
    40

  • Raymond Todd Peyton

    VP ENGINEERING

    Total calculated
    $226,655
    From this org
    $213,558
    From related orgs
    $0
    Other
    $13,097
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $213,558
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $13,097
    Filer's total
    $226,655

  • James Trimble

    VP OF OPERATIONS

    Total calculated
    $189,098
    From this org
    $134,311
    From related orgs
    $0
    Other
    $54,787
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,311
    Bonus
    $0
    Other
    $0
    Deferred
    $37,390
    Nontaxable benefits
    $17,397
    Filer's total
    $189,098

  • Chad Cline

    FOREMAN

    Total calculated
    $191,018
    From this org
    $141,261
    From related orgs
    $0
    Other
    $49,757
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $141,261
    Bonus
    $0
    Other
    $0
    Deferred
    $32,454
    Nontaxable benefits
    $17,303
    Filer's total
    $191,018

  • Johnny Case

    FOREMAN

    Total calculated
    $173,406
    From this org
    $134,806
    From related orgs
    $0
    Other
    $38,600
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $134,806
    Bonus
    $0
    Other
    $0
    Deferred
    $32,864
    Nontaxable benefits
    $5,736
    Filer's total
    $173,406

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CLARK ENERGY PROPANE PLUS LLC

    RETAIL SALES OF PROPANE GAS · KY · income $559,288 · assets $5,503,819

    Directly controlled by CLARK ENERGY COOPERATIVE CORPORATION

Provenance

Return type
form_990
Tax year
2025
Filed
17 June 2026
IRS schema version
2025v4.1
Source object
202601759349301475

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