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Nonprofiteer
← CLAY ELECTRIC COOPERATIVE INC

Form 990 for tax year 2024

Filed by CLAY ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$453,755,388
Total expenses
$453,755,388
Contributions and grants received
$0
Grants paid
$0
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$453,755,388

Listed in Part VII

  • CLYDE D HERSEY

    TRUSTEE

    Total calculated
    $22,116
    From this org
    $22,116
    From related orgs
    $0
    Other
    $0
    Hours/week
    12 + 0.2 related

  • JOANN R SMITH

    TRUSTEE

    Total calculated
    $25,508
    From this org
    $25,508
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • JOHN H WHITEHEAD

    TRUSTEE

    Total calculated
    $41,673
    From this org
    $41,673
    From related orgs
    $0
    Other
    $0
    Hours/week
    12 + 4 related

  • CYNTHIA LOOSE

    TRUSTEE

    Total calculated
    $32,571
    From this org
    $32,571
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • KELLEY R SMITH JR

    TRUSTEE - PRESIDENT

    Total calculated
    $46,892
    From this org
    $46,892
    From related orgs
    $0
    Other
    $0
    Hours/week
    12 + 13 related

  • SUSAN S REEVES

    TRUSTEE

    Total calculated
    $26,708
    From this org
    $26,708
    From related orgs
    $0
    Other
    $0
    Hours/week
    16 + 2 related

  • JOSEPH C MALPHURS

    TRUSTEE

    Total calculated
    $33,503
    From this org
    $33,503
    From related orgs
    $0
    Other
    $0
    Hours/week
    12 + 2 related

  • JAMES D WILSON

    TRUSTEE

    Total calculated
    $26,919
    From this org
    $26,919
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • KAREN HASTINGS

    TRUSTEE

    Total calculated
    $32,350
    From this org
    $32,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • RICHARD K DAVIS

    GENERAL MANAGER/CEO

    Total calculated
    $1,059,379
    From this org
    $931,414
    From related orgs
    $0
    Other
    $127,965
    Hours/week
    41

    Schedule J breakdown matched by us

    Base
    $683,991
    Bonus
    $125,000
    Other
    $122,423
    Deferred
    $101,848
    Nontaxable benefits
    $26,117
    Filer's total
    $1,059,379

  • SANFORD M MAXWELL

    CHIEF FINANCIAL OFFICER

    Total calculated
    $456,010
    From this org
    $342,598
    From related orgs
    $0
    Other
    $113,412
    Hours/week
    43 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $320,737
    Bonus
    $0
    Other
    $21,861
    Deferred
    $95,790
    Nontaxable benefits
    $17,622
    Filer's total
    $456,010

  • WILLIAM D HEMBREE

    DISTRICT MANAGER-PK/SS

    Total calculated
    $284,165
    From this org
    $213,424
    From related orgs
    $0
    Other
    $70,741
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $208,662
    Bonus
    $0
    Other
    $4,762
    Deferred
    $58,683
    Nontaxable benefits
    $12,058
    Filer's total
    $284,165

  • LOUIE A CHAFF

    DISTRICT MANAGER-OP

    Total calculated
    $298,481
    From this org
    $225,530
    From related orgs
    $0
    Other
    $72,951
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $217,461
    Bonus
    $0
    Other
    $8,069
    Deferred
    $59,365
    Nontaxable benefits
    $13,586
    Filer's total
    $298,481

  • TROY ADAMS

    DISTRICT MANAGER-GV/LC

    Total calculated
    $315,900
    From this org
    $239,029
    From related orgs
    $0
    Other
    $76,871
    Hours/week
    48 + 2 related

    Schedule J breakdown matched by us

    Base
    $215,473
    Bonus
    $0
    Other
    $23,556
    Deferred
    $62,706
    Nontaxable benefits
    $14,165
    Filer's total
    $315,900

  • DERICK THOMAS

    CHIEF PUBLIC RELATIONS OFF

    Total calculated
    $423,995
    From this org
    $300,394
    From related orgs
    $0
    Other
    $123,601
    Hours/week
    45 + 5 related

    Schedule J breakdown matched by us

    Base
    $287,185
    Bonus
    $0
    Other
    $13,209
    Deferred
    $105,625
    Nontaxable benefits
    $17,976
    Filer's total
    $423,995

  • DONALD J WILLIAMS

    CHIEF OFFICER CORP SVCS

    Total calculated
    $488,359
    From this org
    $276,318
    From related orgs
    $0
    Other
    $212,041
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $269,568
    Bonus
    $0
    Other
    $6,750
    Deferred
    $199,575
    Nontaxable benefits
    $12,466
    Filer's total
    $488,359

  • CHRISTOPHER E BRYAN

    DIRECTOR OF ENGINEERING

    Total calculated
    $386,836
    From this org
    $293,425
    From related orgs
    $0
    Other
    $93,411
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $281,811
    Bonus
    $0
    Other
    $11,614
    Deferred
    $76,985
    Nontaxable benefits
    $16,426
    Filer's total
    $386,836

  • DANIEL B GUNTER

    DIRECTOR OF OPERATIONS

    Total calculated
    $391,171
    From this org
    $298,469
    From related orgs
    $0
    Other
    $92,702
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $276,787
    Bonus
    $0
    Other
    $21,682
    Deferred
    $77,476
    Nontaxable benefits
    $15,226
    Filer's total
    $391,171

  • BRENT RICHARDSON

    CHIEF INFORMATION OFFICER

    Total calculated
    $283,718
    From this org
    $220,596
    From related orgs
    $0
    Other
    $63,122
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $217,340
    Bonus
    $0
    Other
    $3,256
    Deferred
    $50,488
    Nontaxable benefits
    $12,634
    Filer's total
    $283,718

  • JARED BALDREE

    SERVICE WORKER

    Total calculated
    $252,065
    From this org
    $189,309
    From related orgs
    $0
    Other
    $62,756
    Hours/week
    53

    Schedule J breakdown matched by us

    Base
    $187,527
    Bonus
    $0
    Other
    $1,782
    Deferred
    $46,330
    Nontaxable benefits
    $16,426
    Filer's total
    $252,065

  • JOSEPH JOHNSON

    DIVISION MANAGER - ENGINEERING

    Total calculated
    $280,615
    From this org
    $216,230
    From related orgs
    $0
    Other
    $64,385
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $205,339
    Bonus
    $0
    Other
    $10,891
    Deferred
    $50,221
    Nontaxable benefits
    $14,164
    Filer's total
    $280,615

  • MICHAEL GRANTHAM

    DIVISION MANAGER - OPERATIONS

    Total calculated
    $299,913
    From this org
    $221,686
    From related orgs
    $0
    Other
    $78,227
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $208,551
    Bonus
    $0
    Other
    $13,135
    Deferred
    $52,033
    Nontaxable benefits
    $26,194
    Filer's total
    $299,913

  • MARK A TOWNSEND

    DIVISION MANAGER-T&D CONST

    Total calculated
    $313,055
    From this org
    $217,212
    From related orgs
    $0
    Other
    $95,843
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $208,668
    Bonus
    $0
    Other
    $8,544
    Deferred
    $70,571
    Nontaxable benefits
    $25,272
    Filer's total
    $313,055

  • CHERYL RODGERS

    CHIEF AUDIT OFFICER

    Total calculated
    $293,215
    From this org
    $227,856
    From related orgs
    $0
    Other
    $65,359
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $221,770
    Bonus
    $0
    Other
    $6,086
    Deferred
    $52,893
    Nontaxable benefits
    $12,466
    Filer's total
    $293,215

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 — 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 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

LISTED PERSONS COMPENSATION INFORMATION (PART I, LINE 4)
THE COOPERATIVE HAS AGREED ON A YEAR TO YEAR BASIS TO CALCULATE THE VALUE OF THE DIFFERENCE IN THE DEFINED BENEFIT PLAN FOR THE GENERAL MANAGER/CEO IN A LUMP SUM FORM. UNDER THE CURRENT GUIDELINES OF THE DEFINED BENEFIT PLAN ADMINISTRATOR, ONE WITH IRS LIMITATIONS AND ONE WITHOUT LIMITATIONS, ANY POSITIVE VALUE WILL BE PAID AS A TAXABLE PAYMENT IN THE CURRENT YEAR. RICHARD DAVIS RECEIVED $98,939 DURING 2024.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
5 November 2025
IRS schema version
2024v5.2
Source object
202543179349309384

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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