2023-10-26T13:05:14-05:00 2022-12-31 FORVIS LLP 1401 50th Street Suite 350 West Des Moines IA 502665935 990 2022-01-01 420243366 CLARKE ELECTRIC COOPERATIVE INC % SAM WALKUP CLAR 6413422173 PO BOX 161 OSCEOLA IA 50213 DAVID OPIE GENERAL MANAGER 6413422173 2023-05-15 true DAVID OPIE XXX-XX-XXXX Joe R Lynn P01270416 5152230159 3 2022 2023-04-26 12:10:37Z CLARKE ELECTRTIC COOPERATIVE INC DAVID OPIE PO BOX 161 OSCEOLA IA 50213 14695333 false X WWW.CECNET.NET X 1939 IA TO DISTRIBUTE ELECTRICITY TO MEMBERS 9 9 25 0 45403 0 0 0 13538348 14617865 25524 32065 48850 45403 13612722 14695333 6114 10268 617726 465000 1905087 2044165 0 0 0 10725876 12006228 13254803 14525661 357919 169672 42047541 44657003 23503712 25823529 18543829 18833474 TO DISTRIBUTE ELECTRICITY TO MEMBERS false false TO DISTRIBUTE ELECTRICY TO MEMBERS false false false false false false false false false true true false false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 19 0 true 25 true true true false false false false 14360509 75970 false false false X 9 9 false false false false true true true true true true false true true true true true true true false false IA X SAM WALKUP 6413422173 PO BOX 161 OSCEOLA IA 50213 DAVID OPIE GENERAL MANAGER 40.0 0.0 X 162075 0 61567 BRAD WILSON MANAGER OF ENGINEERING 40.0 0.0 X 131092 0 53364 CHAD MCINTOSH MANAGER OF OPERATIONS 40.0 0.0 X 108375 0 49347 SAM WALKUP MANAGER OF FINANCE 40.0 0.0 X 100212 0 43935 ADAM MCCUDDIN JOURNEYMAN 40.0 0.0 X 100812 0 26267 W EDWARD WHITE PRESIDENT 3.1 0.0 X X 7350 0 0 LARRY JACKSON DIRECTOR 3.22 0.0 X 6625 0 0 CODY MILLER DIRECTOR 2.68 0.0 X 5825 0 0 RANDY BARNARD ASSISTANT SEC/TREASURER 1.85 0.0 X X 4975 0 0 LYDDA YOUMANS TREASURER 1.75 0.0 X X 4650 0 0 LARRY KELLER SECRETARY 1.78 0.0 X X 3950 0 0 MAREN KELSO DIRECTOR 1.56 0.0 X 3925 0 0 RANDY ROUSE VICE PRESIDENT 1.49 0.0 X X 3400 0 0 NATALIE RYDL DIRECTOR 1.03 0.0 X 2250 0 0 WILLIAM WILLIS DIRECTOR - DECEASED IN 2022 0.38 0.0 X 250 0 0 645766 0 234480 5 false true false 0 0 DISTRIBUTE ELECTRICITY TO MEMBERS 221000 14360510 14360510 CAPITAL CREDITS 221000 257355 257355 14617865 32065 32065 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 RESALE/METER SERVICE/OTHER 811000 41119 41119 MISCELLANEOUS REVENUE 900099 4284 4284 45403 14695333 14617865 45403 32065 10268 0 0 465000 262842 0 1182455 288757 113141 196970 0 9355 28658 0 0 0 0 32437 52380 0 0 0 0 0 0 824493 0 1661465 0 PURCHASED POWER 7540095 REPAIRS & MAINTENANCE 456853 OPERATING EXPENSES 679176 ADMINISTRATIVE` 429725 291591 14525661 115671 60692 1012451 1084328 0 0 1031331 1512606 0 0 0 0 804884 544842 366049 919229 132828 143892 53621837 16878610 34836664 36743227 0 0 3742954 3643653 0 0 99 99 4610 4435 42047541 44657003 1662899 1870725 0 0 967195 1530753 0 0 0 0 0 0 20791357 22343355 0 0 82261 78696 23503712 25823529 X 0 0 0 0 18543829 18833474 18543829 18833474 42047541 44657003 X 169672 119973 X false true X true false 12993 215836 228829 43389775 14901391 28488384 7924270 1977219 5947051 2078963 2078963 36743227 PATRONAGE CAPITAL ALLOCATIONS 3248895 C CAPITAL TERM CERTIFICATES 393143 F INVESTMENT IN ASSOCIATED ORG.S 1615 C 3643653 0 CUSTOMER DEPOSITS 78696 78696 14649930 14649930 45403 45403 14695333 14015258 14015258 510403 510403 14525661 SCHEDULE D, PART X, LINE 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. SCHEDULE D, PART XI, LINE 4B EXPENSES IN AUDIT REVENUE $ 45,403 SCHEDULE D, PART XII, LINE 4B EXPENSES IN AUDIT REVENUE $ 45,403 PATRONAGE CREDITS ALLOCATED TO MEMBERS 465,000 ---------- $ 510,403 X X false false false DAVID OPIE GENERAL MANAGER 157321 0 550 0 4204 0 37691 0 23876 0 223642 0 0 0 BRAD WILSON MANAGER OF ENGINEERING 130261 0 550 0 281 0 31272 0 22092 0 184456 0 0 0 CHAD MCINTOSH MANAGER OF OPERATIONS 107331 0 550 0 494 0 25902 0 23445 0 157722 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 CLARKE ELECTRIC COOPERATIVE, INC. SELLS ELECTRIC POWER TO CUSTOMERS WITHIN ITS SERVICE AREA THAT HAVE PURCHASED MEMBERSHIPS TO THE COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT ONE DIRECTOR FROM 3 DISTRICTS ANNUALLY FOR A TERM OF THREE YEARS. THE SERVICE AREA INCLUDES SEVEN DISTRICTS, AND 3 DIRECTORS ARE UP FOR ELECTION ON A ROTATING SCHEDULE. ELECTIONS MUST BE CONTESTED. A DIRECTOR CAN SERVE 5 3-YEAR TERMS, OR 15 YEARS, AND THEN THEY ARE NO LONGER ELIGIBLE FOR RE-ELECTION. TWO DIRECTORS ARE CONSIDERED AT LARGE. FORM 990, PART VI, SECTION A, LINE 7B THE COOPERATIVE CANNOT SELL OR LIQUIDATE MAJOR PORTIONS OF BUSINESS ASSETS OR COMPLETE PLANS OF MERGER WITHOUT AN AFFIRMATIVE VOTE BY THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 9 WILLIAM WILLIS, DIRECTOR - DECEASED IN 2022 FORM 990, PART VI, SECTION B, LINE 11B AN INDEPENDENT ACCOUNTING FIRM PREPARES AND REVIEWS THE 990. THE 990 IS THEN REVIEWED BY MANAGEMENT. ANY QUESTIONS OR CONCERNS MANAGEMENT HAS ARE ADDRESSED AND CORRECTIONS OR CLARIFICATIONS ARE MADE. THE FINAL 990 WITH ALL REQUIRED SCHEDULES IS THEN PROVIDED TO ALL VOTING MEMBERS OF THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS OF THE ORGANIZATION ARE ASKED TO REVIEW THE CONFLICT OF INTEREST POLICY AND SIGN A CONFLICT OF INTEREST DISCLOSURE FORM ANNUALLY. POSSIBLE CONFLICT OF INTEREST IS REPORTED TO THE GENERAL MANAGER OR IF INVOLVES THE GENERAL MANAGER, IT SHOULD BE REPORTED TO THE PRESIDENT OF THE BOARD OF DIRECTORS OR THE COOPERATIVE'S LEGAL COUNSEL. FORM 990, PART VI, SECTION B, LINE 15A THE NRECA DATA FOR THE GM'S WAGES ARE COMPARED TO THE NATIONAL, REGIONAL, AND STATE WAGE RANGES ON AN ANNUAL BASIS BY THE BOARD OF DIRECTORS IN RELATIONSHIP WITH THE MANAGERS EVALUATION. THE LAST REVIEW WAS PERFORMED IN 2022. FORM 990, PART VI, SECTION C, LINE 19 THE COMPANY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 Patronage Credits Allocated to Members $465,000 Patronage Credits Retired (345,177) Net Change in Memberships 150 _____________ $119,973