2025-11-10T14:28:13+00:00 2024-12-31 440160260 Forvis Mazars LLP PO Box 3667 Little Rock AR 722033667 990 2024-01-01 710033825 Clay County Electric Coop Corp CLAY 8708573521 PO BOX 459 CORNING AR 72422 DAVID SMITH GENERAL MANAGER 8708573521 2025-11-10 true Amber Sherrill P00748683 5013721040 2025-11-10 2024 2025-03-06 01:10:19Z MATT MILLER PO BOX 459 CORNING AR 72422 39689264 false X WWW.CLAYCOUNTYELECTRIC.COM X 1939 AR CLAY COUNTY ELECTRIC COOPERATIVE CORPORATION IS YOUR MEMBER-OWNED COOPERATIVE THAT PROVIDES SAFE, AFFORDABLE, DEPENDABLE AND CONSUMER-BASED UTILITY SERVICES 8 8 67 0 1261426 161956 0 0 34299438 37419458 867409 915506 17895 877816 35184742 39212780 0 0 3876171 6014595 2232538 2615743 0 0 0 28923265 32148369 35031974 40778707 152768 -1565927 152853998 159958620 70384867 73495622 82469131 86462998 CLAY COUNTY ELECTRIC COOPERATIVE CORPORATION IS YOUR MEMBER-OWNED COOPERATIVE THAT PROVIDES SAFE, AFFORDABLE, DEPENDABLE AND CONSUMER BASED UTILITY SERVICES. false false Sales of 288,171,460 kilowatt hours of electric energy to its members/consumers on a non-profit basis. 0 false false false false false false false false false false true false true false true false false 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 false true true true false false true 27 0 true 67 true true true false false false false 36188140 3501124 false false false X 8 8 false false false false true true true true true false false false true true true true true true true true true true X MATT MILLER 8708573521 3111 HIGHWAY 67 PO BOX 459 CORNING AR 72422 Charles Raglin Board Vice-President 3.3 0.0 X X 14497 0 0 Connie Pendergrass Board Secretary/Treasurer 6.0 0.0 X X 31011 0 0 John Dalton Board President 6.7 0.0 X X 30687 0 0 Cary Wilson Director 2.6 0.0 X 32223 0 0 Jerry Turner Director 6.9 0.0 X 29710 0 0 L Wade Harris Director 7.0 0.0 X 33289 0 0 Todd Young Director 0.3 0.0 X 14220 0 0 Tyler Kirklin Director 6.5 0.0 X 31786 0 0 Wade Schimming Director 9.9 0.0 X 32636 0 0 David Smith General Manager 40.0 0.0 X 247223 0 89775 Craig Weisenbach Line Foreman 50.0 0.0 X 125150 0 38451 Gala Blanchard Manager of Accounting and Finance 42.0 0.0 X 130744 0 89306 Matt Miiller CCC General Manager 42.5 0.0 X 168316 0 47887 Odis Williams Manager of Operations 44.0 0.0 X 149977 0 79801 Tonya Tucker Manager of Administration 42.0 0.0 X 134876 0 56746 1206345 0 401966 22 false true false Arkansas Electric Cooperative Inc 1 Cooperative Way PO Box 194208 Little Rock AR 72219 Vegetation control/Electrical distribution construction 2168064 D & H Contracting Inc 668 Lawrence 2223 Rd Black Rock AR 72415 Fiber line construction 821262 Osmose Utilities Services PO Box 117284 Atlanta GA 30368 Electrical pole inspection 357832 Apex ROW LLC PO Box 788 Marshall AR 72650 Vegetation control 105400 4 0 0 0 0 0 0 0 0 ENERGY SALES 221100 35810539 35810539 0 0 GENERATION AND TRANSMISSION CAPITAL CREDITS 221100 1231318 1231318 0 0 OTHER CAPITAL CREDITS AND PATRONAGE DIVIDENDS 221100 377601 377601 0 0 0 0 0 0 37419458 909806 0 383610 526196 0 0 0 0 0 0 0 0 1291900 0 476484 0 815416 0 815416 0 815416 0 0 5700 0 0 0 5700 5700 0 0 5700 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MANAGEMENT FEE INCOME FROM CCC 540000 62400 0 62400 0 0 0 0 0 62400 39212780 37419458 1261426 531896 0 0 0 6014595 587057 0 1191381 6733 424001 406571 0 49189 70777 0 0 28848 51395 414304 0 0 0 0 0 27821 2445135 0 3975271 333894 PURCHASED POWER 15826455 DISTRIBUTION EXP-OPER & MAIN 5603920 CUSTOMER EXPENSE 1278552 PROPERTY TAXES 267790 1775018 40778707 1686590 2003609 1081119 936301 0 0 6143383 5229370 0 0 0 0 0 0 4578042 5438996 1246181 1118450 159510423 35752375 121265845 123758048 0 0 0 16689460 21307027 0 0 163378 166819 152853998 159958620 7534241 8859571 0 0 0 0 0 0 0 0 0 0 59284865 60912195 0 0 3565761 3723856 70384867 73495622 0 0 0 0 X 204645 205795 781941 781941 81482545 85475262 82469131 86462998 152853998 159958620 X -1565927 0 0 0 0 5559794 X false false false 0 1339770 1339770 0 15368254 8201836 7166418 0 118995 0 118995 0 139382228 27550539 111831689 0 3301176 0 3301176 123758048 ARK ELECTRIC COOP CORP 7990348 C ARK ELECTRIC COOP INC 1192228 C NAT'L RURAL TELECOMM COOP 59327 C COOPERATIVE FINANCE CORP 1177661 C COOPERATIVE RESPONSE CENTER 22145 C NAT'L INFORMATION SYSTEM COOP 112668 C CLAY COUNTY CONNECT 10325726 C FEDERATED RURAL ELECTRIC INS 329771 C COBANK MEMBERSHIP 8303 C MFA OIL - PATRONAGE 3883 C INVESTMENTS - OTHER SECURITIES 84967 C 21307027 Federal Income Taxes ACCUMULATED OPERATING PROVISION 1989275 OTHER DEFERRED CREDIT 452255 CONSUMER DEPOSITS 1282326 3723856 0 0 0 0 0 0 0 0 0 0 0 0 X false false false David Smith General Manager 241332 0 818 0 5073 0 59544 0 30231 0 336998 0 0 0 Odis Williams Manager of Operations 144631 0 818 0 4528 0 51479 0 28322 0 229778 0 0 0 Gala Blanchard Manager of Accounting and Finance 125987 0 818 0 3939 0 61156 0 28150 0 220050 0 0 0 Matt Miiller CCC General Manager 163856 0 818 0 3642 0 19206 0 28681 0 216203 0 0 0 Tonya Tucker Manager of Administration 130428 0 818 0 3630 0 28596 0 28150 0 191622 0 0 0 Craig Weisenbach Line Foreman 121690 0 818 0 2642 0 10861 0 27590 0 163601 0 0 0 Form 990, Part IV, Line 12b CLAY COUNTY ELECTRIC COOPERATIVE CORPORATION'S FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT ACCOUNTANT ON A FISCAL YEAR BASIS AND THE TAX RETURN IS COMPLETED ON A CALENDAR YEAR BASIS. Form 990, Part VI, Line 6 Classes of members or stockholders THERE IS ONLY ONE CLASS OF MEMBERS. THE MEMBERS ARE THE ELECTRIC COOPERATIVE MEMBERS (CUSTOMERS). Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THERE IS ONLY ONE CLASS OF MEMBERS. EACH MEMBER SHALL BE ENTITLED TO ONE VOTE AND NO MORE UPON EACH MATTER SUBMITTED TO A VOTE AT A MEETING OF THE MEMBERS. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders ELECTRIC COOPERATIVE MEMBERS' APPROVAL IS REQUIRED FOR CHANGES IN THE ARTICLES OF INCORPORATION, SALES OF PROPERTY IN ANY ONE YEAR THAT EXCEED TEN PERCENT OF THE VALUE OF ALL PROPERTY OF THE COOPERATIVE, REMOVAL OF A DIRECTOR, ELECTION OF A DIRECTOR. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS REVIEWED BY THE GENERAL MANAGER AND THE MANAGER OF FINANCE AND ACCOUNTING AND IS THEN GIVEN TO THE BOARD OF DIRECTORS FOR REVIEW. Form 990, Part VI, Line 12c Conflict of interest policy THE ORGANIZATION CONDUCTS PERIODIC BOARD AND OPERATIONAL POLICY REVIEWS, WITHIN THESE REVIEWS/UPDATES, THE CONFLICT-OF-INTEREST POLICY, PURCHASE PROCEDURES, ACCOUNTABILITY, AND OVERVIEW ARE EXAMINED. THE BOARD MEMBERS ARE REQUIRED TO ANSWER A QUESTIONNAIRE ANNUALLY. THE PRESIDENT OR MANAGER INVESTIGATES ANY POTENTIAL CONFLICTS AND DETERMINES THE NATURE OF THE CONFLICT. THE PRESIDENT OR MANAGER REVIEWS ANY CONFLICTS AND DETERMINES THE APPROPRIATE ACTION DEPENDING ON THE NATURE OF THE CONFLICT. AN OFFICIAL MAY NOT ENGAGE IN A CONFLICTING INTEREST TRANSACTION UNLESS: A. TO THE EXTENT UNKNOWN BY DISINTERESTED DIRECTORS, THE OFFICIAL DISCLOSES THE EXISTENCE AND NATURE OF THE OFFICIAL'S CONFLICTING INTEREST AND ALL FACTS KNOWN TO THE OFFICIAL REGARDING THE TRANSACTION THAT A DISINTERESTED DIRECTOR WOULD REASONABLY BELIEVE TO BE MATERIAL IN ACTING REGARDING THE TRANSACTION; DISINTERESTED DIRECTORS DELIBERATE AND VOTE REGARDING THE TRANSACTION OUTSIDE THE PRESENCE OF, AND WITHOUT PARTICIPATION BY, THE OFFICIAL; AND A MAJORITY OF DISINTERESTED DIRECTORS, BUT NOT LESS THAN TWO, AUTHORIZES THE TRANSACTION; OR B. ACCORDING TO THE CIRCUMSTANCES AT THE TIME THE BOARD CONSIDERS THE TRANSACTION, OR AT THE TIME COOPERATIVE OR THE SUBSIDIARY BECOMES LEGALLY OBLIGATED REGARDING THE TRANSACTION, THE TRANSACTION, AS A WHOLE, BENEFITS COOPERATIVE OR THE SUBSIDIARY, CONSIDERING, AS APPROPRIATE, WHETHER THE TRANSACTION WAS FAIR IN TERMS OF THE OFFICIAL'S DEALINGS WITH COOPERATIVE OR THE SUBSIDIARY AND WHETHER THE TRANSACTION WAS COMPARABLE TO WHAT MIGHT HAVE BEEN OBTAINED IN AN ARM'S LENGTH TRANSACTION, GIVEN THE CONSIDERATION PAID OR RECEIVED BY COOPERATIVE OR SUBSIDIARY. Form 990, Part VI, Line 15a Process to establish compensation of top management official EACH YEAR, THE BOARD OF DIRECTORS CONDUCTS A REVIEW OF THE GENERAL MANAGER'S PERFORMANCE AND DETERMINES COMPENSATION BASED ON THE REVIEW AND COMPARABILITY DATA. Form 990, Part VI, Line 15b Process to establish compensation of other employees INTANDEM, LLC PERFORMED A REVIEW AND PRODUCED A PAY SCALE AND JOB DESCRIPTION FOR EACH EMPLOYEE. EACH YEAR THE GENERAL MANAGER REVIEWS THAT SCALE AND MARKET VALUES TO DETERMINE COMPENSATION. Form 990, Part VI, Line 19 Required documents available to the public ALL ORGANIZATIONAL DOCUMENTS ARE AVAILABLE UPON REQUEST. Form 990, Part XI, Line 9 Other changes in net assets or fund balances RETIREMENT OF PATRONAGE CAPITAL CREDIT - -1649383; ACTURIAL GAIN/LOSS - 134666; PATRONAGE CAPITAL - 6014595; BOOK TO TAX DIFFERENCE IN DEPRECIATION - -381525; CHANGE IN MEMBERSHIPS - 1150; CHANGE IN NON-OPERATIG MARGINS - -507161; CHANGE IN OTHER MARGINS - 0; EQUITY IN EARNINGS OF SUBSIDIARY - 1947452; Total - 5559794; Form 990, Part XII, Line 2b CLAY COUNTY ELECTRIC COOPERATIVE CORPORATION'S FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT ACCOUNTANT ON A FISCAL YEAR BASIS AND THE TAX RETURN IS COMPLETED ON A CALENDAR YEAR BASIS. CLAY COUNTY CONNECT INC PO BOX 459 CORNING AR 72422 621677603 INTERNET AR CCECC C Corporation 7104715 13323138 1 true true false false true false false false false false true false false false true true false true true true CLAY COUNTY CONNECT A 1675510 FMV CLAY COUNTY CONNECT D 10100000 FMV CLAY COUNTY CONNECT O 62400 FMV