CLAY ELECTRIC COOPERATIVE INC (EIN 370219624) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1940

Legal Domicile

Principal Officer

MATT CONKLIN

Phone

6186622171

Tax Period

2023-01-01 to 2023-12-31

CLAY ELECTRIC COOPERATIVE INC, founded in 1940, is a community nonprofit that reported $8.1M in total revenue in fiscal year 2023. Expenses of $7.5M left a modest 8% surplus.

Mission

TO DISTRIBUTE ELECTRICITY TO MEMBERS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,902,699

Investment Income $66,222

Other Revenue $174,637

TOTAL REVENUE $8,143,558

Expense Breakdown

Grants Paid $0

Salaries & Benefits $332,019

Fundraising Expenses $0

Program Expenses $7,518,631

Other Expenses $7,186,612

TOTAL EXPENSES $7,518,631

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,143,558	$7,870,317	+0.0%
Expenses	$7,518,631	$7,274,322	+0.0%
Net Income	$624,927	$595,995	+0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$204,283

Total Directors

$58,560

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK CZYZEWSKI	BOARD DIRECTOR	3.15	Director	$7,350	$0	$7,350
FRANK HERMAN	BOARD DIRECTOR	3.21	Director	$7,140	$0	$7,140
EVAN SMITH	BOARD DIRECTOR	1.13	Director	$4,200	$0	$4,200
KEVIN LOGAN	BOARD DIRECTOR	4.54	Director	$9,420	$0	$9,420
NEIL GOULD	SECRETARY	2.15	Officer Director	$5,040	$0	$5,040
BOB PIERSON	PRESIDENT	6.22	Officer Director	$9,030	$0	$9,030
RICHARD RUDOLPHI	BOARD DIRECTOR	5.99	Director	$6,510	$0	$6,510
JOSH SCHNEPPER	BOARD DIRECTOR	0.71	Director	$3,990	$0	$3,990
BILL CROY	VICE PRESIDENT	2.62	Officer Director	$5,880	$0	$5,880
MATT CONKLIN	CEO	40.00	Officer	$139,397	$44,936	$184,333
ADAM SMITH	LINEMAN FOREMAN	43.02	Highest	$118,236	$30,681	$148,917
DAMIEN BOWLING	LINEMAN FOREMAN	42.98	Highest	$115,578	$34,789	$150,367
ERIC MOYER	JOURNEYMAN LINEMAN	43.67	Highest	$116,030	$28,666	$144,696
JAMES WILLIAMS	JOURNEYMAN LINEMAN	40.00	Highest	$109,437	$35,332	$144,769
BRODY SNELL	JOURNEYMAN LINEMAN	43.12	Highest	$111,055	$32,096	$143,151

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$8,143,558	$7,518,631	$23,789,578	$624,927
2022	$7,870,317	$7,274,322	$22,402,655	$595,995
2021	$7,990,658	$6,880,561	$20,856,382	$1,110,097
2020	$7,504,430	$6,879,065	$19,398,991	$625,365

CLAY ELECTRIC COOPERATIVE INC