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CLAY ELECTRIC COOPERATIVE INC

EIN 59-0196695 KEYSTONE HGTS, FL

Revenue 2024
$453,755,388
Expenses 2024
$453,755,388

As filed

Subsection
12
NTEE code
W80Z
Classification
4000
Street
PO BOX 308

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • 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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $453,755,388
    Expenses
    $453,755,388
    Contributions
    $0
    Grants paid
    $0
  • 2023
    Revenue
    $424,680,482
    Expenses
    $424,680,482
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $477,827,474
    Expenses
    $477,827,474
    Contributions
    $0
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Declared as related by

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Not present in the most recent drop.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.