CLAY-UNION ELECTRIC CORPORATION

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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

1935

Legal Domicile

Principal Officer

CHRISTOPHER LARSON

Phone

6056242673

Tax Period

2024-01-01 to 2024-12-31

CLAY-UNION ELECTRIC CORPORATION, founded in 1935, is a mid-sized nonprofit that reported $10.6M in total revenue in fiscal year 2024.

Mission

TO PROVIDE SAFE, RELIABLE AND AFFORDABLE ELECTRIC SERVICE FOR OUR MEMBERS NOW AND INTO THE FUTURE.

Program Service Accomplishments

Program 1

PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 2,870 MEMBERS. RETIRED 12.79 MILES OF OVERHEAD AND UNDERGROUND LINE. ADDED 15.93 MILES OF UNDERGROUND LINE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,904,290

Investment Income $661,079

Other Revenue $-4,068

TOTAL REVENUE $10,561,301

Expense Breakdown

Grants Paid $4,464

Salaries & Benefits $1,805,095

Fundraising Expenses $0

Other Expenses $7,946,060

TOTAL EXPENSES $10,405,619

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,561,301	$9,841,004	+0.1%
Expenses	$10,405,619	$9,841,004	+0.1%
Net Income	$155,682	$0	N/A

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

$282,776

Total Directors

$28,167

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS KINNEY	VICE PRESIDENT	3.00	Officer Director	$6,970	$0	$6,970
MICHAEL SLATTERY	TREASURER	3.00	Officer Director	$7,531	$0	$7,531
TOM LARSEN	PRESIDENT	3.00	Officer Director	$6,017	$0	$6,017
GARY GLOVER	ASSISTANT SECRETARY UNTIL 4/2024	3.00	Officer Director	$1,427	$0	$1,427
JAMES RYKEN	SECRETARY	3.00	Officer Director	$4,725	$0	$4,725
SARA SCHULTE	ASSISTANT SECRETARY FROM 09/2024	3.00	Officer Director	$1,497	$0	$1,497
CHRISTOPHER LARSON	GENERAL MANAGER	40.00	Officer	$144,107	$110,502	$254,609
MIKE KRUSE	OPERATIONS MANAGER	40.00	Highest	$112,715	$43,396	$156,111
BETH BOTTOLFSON	FINANCE MANAGER	40.00	Highest	$110,259	$42,912	$153,171
ALAN GAUER	CREW FOREMAN	40.00	Highest	$105,888	$41,242	$147,130

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	$10,561,301	$10,405,619	$45,172,954	$155,682
2023	$9,841,004	$9,841,004	$44,634,187	No data
2022	$9,543,341	$9,543,341	$40,338,882	No data
2021	$9,060,805	$9,060,805	$38,295,961	No data
2020	$8,826,339	$8,826,339	$34,348,166	No data
2019	$9,341,927	$9,341,927	$32,859,381	No data
2018	$9,538,121	$9,538,121	$31,945,122	No data