CLARKE ELECTRIC COOPERATIVE INC

EIN: 420243366

OSCEOLA, IA

Total Revenue
$15,278,344
Total Expenses
$15,095,302
Total Assets
$45,282,832
Net Assets
$19,144,404
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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
1939
Legal Domicile
IA
Phone
6413422173
Tax Period
2023-01-01 to 2023-12-31

CLARKE ELECTRIC COOPERATIVE INC, founded in 1939, is a mid-sized nonprofit that reported $15.3M in total revenue in fiscal year 2023.

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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $15,171,792
Investment Income $57,975
Other Revenue $48,577
TOTAL REVENUE $15,278,344

Expense Breakdown

Grants Paid $15,146
Salaries & Benefits $2,210,884
Fundraising Expenses $0
Program Expenses $0
Other Expenses $12,394,272
TOTAL EXPENSES $15,095,302

Year-over-Year Comparison

2023 2022 Change
Revenue $15,278,344 $14,695,333 +0.0%
Expenses $15,095,302 $14,525,661 +0.0%
Net Income $183,042 $169,672 +0.1%
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

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Governance

Voting Members
9
Independent Members
9
Employees
29
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
6
$267,505
Total Directors
10
$38,804
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TREASURER 1.4
Officer Director
$3,575 $0 $3,575
N/A Secretary 0.9
Officer Director
$2,700 $0 $2,700
N/A ASSISTANT SEC/TREASURER 2.0
Officer Director
$5,375 $0 $5,375
N/A VICE PRESIDENT 0.9
Officer Director
$2,250 $0 $2,250
N/A PRESIDENT 2.8
Officer Director
$6,400 $0 $6,400
N/A DIRECTOR 2.1
Director
$4,950 $0 $4,950
N/A DIRECTOR 2.1
Director
$3,416 $0 $3,416
N/A Director 2.9
Director
$6,088 $0 $6,088
N/A DIRECTOR 0.9
Director
$2,700 $0 $2,700
N/A DIRECTOR 1.4
Director
$1,350 $0 $1,350
N/A GENERAL MANAGER 40.0
Officer
$171,241 $75,964 $247,205
N/A MANAGER OF ENGINEERING 40.0
Highest
$138,156 $73,532 $211,688
N/A MANAGER OF OPERATIONS 40.0
Highest
$118,998 $56,997 $175,995
N/A Foreman 40.0
Highest
$115,257 $51,981 $167,238
N/A Lineman 40.0
Highest
$111,676 $52,345 $164,021
N/A Foreman 40.0
Highest
$112,916 $66,110 $179,026
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
2024 No data No data No data No data
2023 $15,278,344 $15,095,302 $45,282,832 $183,042
2022 $14,695,333 $14,525,661 $44,657,003 $169,672
2021 $13,612,722 $13,254,803 $42,047,541 $357,919
2020 $13,711,241 $13,149,133 $39,575,362 $562,108
2019 $13,928,489 $13,539,006 $37,598,125 $389,483
2018 $13,969,693 $13,588,004 $37,605,827 $381,689
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