Clay County Electric Coop Corp

EIN: 710033825

CORNING, AR

Total Revenue
$35,184,742
Total Expenses
$35,031,974
Total Assets
$152,853,998
Net Assets
$82,469,131
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1939
Legal Domicile
AR
Phone
8708573521
Tax Period
2023-01-01 to 2023-12-31

CLAY COUNTY ELECTRIC COOP CORP, founded in 1939, is a mid-sized nonprofit that reported $34.7M in total revenue in fiscal year 2018. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

CLAY COUNTY ELECTRIC COOPERATIVE CORPORATION IS YOUR MEMBER-OWNED COOPERATIVE THAT PROVIDES SAFE, AFFORDABLE, DEPENDABLE AND CONSUMER-BASED UTILITY SERVICES

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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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 $34,299,438
Investment Income $867,409
Other Revenue $17,895
TOTAL REVENUE $35,184,742

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,232,538
Fundraising Expenses $0
Program Expenses $0
Other Expenses $28,923,265
TOTAL EXPENSES $35,031,974

Year-over-Year Comparison

2023 2022 Change
Revenue $35,184,742 $34,556,617 +0.0%
Expenses $35,031,974 $43,847,807 -0.2%
Net Income $152,768 $-9,291,190 -1.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
64
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
4
$418,336
Total Directors
9
$231,295
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Board Vice-President 3.2
Officer Director
$14,799 $0 $14,799
N/A Board Secretary/Treasurer 6.0
Officer Director
$29,185 $0 $29,185
N/A Board President 9.2
Officer Director
$31,377 $0 $31,377
N/A Director 2.4
Director
$30,078 $0 $30,078
N/A Director 7.0
Director
$29,100 $0 $29,100
N/A Director 2.5
Director
$30,081 $0 $30,081
N/A Director 1.5
Director
$19,815 $0 $19,815
N/A Director 2.5
Director
$16,375 $0 $16,375
N/A Director 9.2
Director
$30,485 $0 $30,485
N/A General Manager 40.0
Officer
$256,798 $86,177 $342,975
N/A Line Foreman 50.0
Highest
$120,499 $39,166 $159,665
N/A Manager of Accounting and Finance 40.0
Highest
$120,795 $82,557 $203,352
N/A CCC General Manager 42.0
Highest
$154,343 $42,421 $196,764
N/A Manager of Operations 42.0
Highest
$140,120 $74,111 $214,231
N/A Manager of Administration 40.0
Highest
$122,887 $52,472 $175,359
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 $35,184,742 $35,031,974 $152,853,998 $152,768
2022 $34,556,617 $43,847,807 $157,028,468 $-9,291,190
2021 $30,381,421 $39,211,288 $144,833,979 $-8,829,867
2020 $30,958,633 $32,468,610 $143,413,290 $-1,509,977
2019 $35,933,683 $35,933,683 $129,031,329 No data
2018 $34,724,775 $34,724,775 $122,600,746 No data
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