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Nonprofiteer
← CLARKE ELECTRIC COOPERATIVE INC

Form 990 for tax year 2025

Filed by CLARKE ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$18,149,278
Total expenses
$17,155,851
Contributions and grants received
$0
Grants paid
$18,105
Program service revenue
$18,101,533
Investment income
-$6,975
Other revenue
$54,720
Total assets, end of year
$49,369,964
Total liabilities, end of year
$27,496,919
Net assets or fund balances, end of year
$21,873,045
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

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.

  • 2a · Program service revenue: DISTRIBUTE ELECTRICITY TO MEMBERS

    total $17,409,086 · related or exempt $17,409,086

  • 2b · Program service revenue: CAPITAL CREDITS

    total $692,447 · related or exempt $692,447

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $36,999 · excluded $36,999

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    other assets $13,542

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

    other assets $57,516

  • 7c · Gain or loss

    securities $0 · other assets -$43,974

  • 7d · Net gain or loss

    total -$43,974 · excluded -$43,974

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: RESALE/METER SERVICE/OTHER

    total $47,419 · unrelated business $47,419

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $7,301 · unrelated business $7,301

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $54,720

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $18,105

  • 4 · Benefits paid to or for members

    total $994,160

  • 5 · Compensation of officers, directors and key employees

    total $475,419

  • 7 · Other salaries and wages

    total $1,446,281

  • 8 · Pension plan contributions

    total $395,867

  • 9 · Other employee benefits

    total $60,761

  • 10 · Payroll taxes

    total $252,211

  • 11b · Fees: legal

    total $16,069

  • 11c · Fees: accounting

    total $32,077

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $31,226

  • 13 · Office expenses

    total $111,304

  • 20 · Interest

    total $1,122,565

  • 22 · Depreciation, depletion and amortization

    total $1,715,936

  • 24a · Other expenses: PURCHASED POWER

    total $7,956,577

  • 24b · Other expenses: OPERATING EXPENSES

    total $934,283

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $717,497

  • 24d · Other expenses: ADMINISTRATIVE

    total $530,622

  • 24e · All other expenses

    total $344,891

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $111,968 · end of year $186,942

  • 2 · Savings and temporary cash investments

    beginning of year $292,138 · end of year $685,837

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $1,426,681 · end of year $1,635,055

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $577,255 · end of year $501,956

  • 8 · Inventories for sale or use

    beginning of year $604,667 · end of year $625,985

  • 9 · Prepaid expenses and deferred charges

    beginning of year $169,573 · end of year $173,846

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

    $59,983,829

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

    $19,035,475

  • 10c · Land, buildings and equipment, net

    beginning of year $40,825,302 · end of year $40,948,354

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $4,339,416 · end of year $4,527,182

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $99 · end of year $99

  • 15 · Other assets

    beginning of year $56,698 · end of year $84,708

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,856,178 · end of year $2,218,699

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $1,132,154 · end of year $415,283

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $25,108,063 · end of year $24,790,962

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $75,640 · end of year $71,975

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

  • 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 $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $20,231,762 · end of year $21,873,045

Mission and programs · 2025

Mission

TO DISTRIBUTE ELECTRICITY TO MEMBERS

  • TO DISTRIBUTE ELECTRICITY TO MEMBERS

As filed on the 2025 return.

Listed in Part VII

  • Cody Miller

    SECRETARY

    Total calculated
    $4,675
    From this org
    $4,675
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.8

  • Lydda Youmans

    TREASURER

    Total calculated
    $3,575
    From this org
    $3,575
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.4

  • Randy Barnard

    ASSISTANT SEC/TREASURER

    Total calculated
    $4,250
    From this org
    $4,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3

  • Randy Rouse

    VICE PRESIDENT

    Total calculated
    $2,500
    From this org
    $2,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • W Edward White

    PRESIDENT

    Total calculated
    $6,950
    From this org
    $6,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.6

  • Elizabeth Beck

    DIRECTOR

    Total calculated
    $3,600
    From this org
    $3,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.7

  • Larry Keller

    DIRECTOR

    Total calculated
    $5,825
    From this org
    $5,825
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.3

  • Natalie Rydl

    DIRECTOR

    Total calculated
    $2,925
    From this org
    $2,925
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.1

  • Zach Robinson

    DIRECTOR

    Total calculated
    $2,250
    From this org
    $2,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • David Opie

    GENERAL MANAGER

    Total calculated
    $262,808
    From this org
    $184,954
    From related orgs
    $0
    Other
    $77,854
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,654
    Bonus
    $300
    Other
    $0
    Deferred
    $3,644
    Nontaxable benefits
    $74,210
    Filer's total
    $262,808

  • Samuel Walkup

    CFO/MANAGER OF FINANCE

    Total calculated
    $176,061
    From this org
    $114,852
    From related orgs
    $0
    Other
    $61,209
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $114,552
    Bonus
    $300
    Other
    $0
    Deferred
    $1,200
    Nontaxable benefits
    $60,009
    Filer's total
    $176,061

  • Brad Wilson

    MANAGER OF ENGINEERING

    Total calculated
    $228,556
    From this org
    $152,389
    From related orgs
    $0
    Other
    $76,167
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,089
    Bonus
    $300
    Other
    $0
    Deferred
    $12,833
    Nontaxable benefits
    $63,334
    Filer's total
    $228,556

  • Chad McIntosh

    MANAGER OF OPERATIONS

    Total calculated
    $195,061
    From this org
    $136,938
    From related orgs
    $0
    Other
    $58,123
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,638
    Bonus
    $300
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $58,123
    Filer's total
    $195,061

  • Cory Dommer

    FOREMAN

    Total calculated
    $170,683
    From this org
    $118,068
    From related orgs
    $0
    Other
    $52,615
    Hours/week
    41

    Schedule J breakdown matched by us

    Base
    $117,768
    Bonus
    $300
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $52,615
    Filer's total
    $170,683

  • Eric Page

    LINEMAN

    Total calculated
    $169,362
    From this org
    $115,157
    From related orgs
    $0
    Other
    $54,205
    Hours/week
    41.8

    Schedule J breakdown matched by us

    Base
    $114,857
    Bonus
    $300
    Other
    $0
    Deferred
    $2,250
    Nontaxable benefits
    $51,955
    Filer's total
    $169,362

  • Rob McCoy

    FOREMAN

    Total calculated
    $186,753
    From this org
    $118,578
    From related orgs
    $0
    Other
    $68,175
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $118,278
    Bonus
    $300
    Other
    $0
    Deferred
    $11,275
    Nontaxable benefits
    $56,900
    Filer's total
    $186,753

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 1A HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES
CLARKE ELECTRIC COOPERATIVE, INC. PROVIDES FITNESS CENTER MEMBERSHIP DUES OF $175.IN 2025, SAM WALKUP RECEIVED THIS BENEFIT. THE REIMBURSEMENT WAS NOT TREATED AS TAXABLE COMPENSATION.

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.

Provenance

Return type
form_990
Tax year
2025
Filed
16 September 2026
IRS schema version
2025v4.2
Source object
202602589349302230

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