2025-11-12T09:08:55-06:00 2024-12-31 363163136 LWG CPAS & ADVISORS 101 WEST OHIO STREET SUTIE 1401 INDIANAPOLIS IN 46204 990 2024-01-01 370219624 CLAY ELECTRIC COOPERATIVE INC CLAY 6186622171 PO BOX 517 FLORA IL 62839 MATT CONKLIN GENERAL MANAGER 6186622171 2025-11-12 1 1 BRIAN D CHERRY P01355823 3176344747 2024 2025-03-06 01:10:19Z MATT CONKLIN PO BOX 517 FLORA IL 62839 8496706 0 X WWW.CECI.COOP X 1940 IL TO DISTRIBUTE ELECTRICITY TO MEMBERS 9 9 15 0 107969 0 0 0 7902699 8137000 66222 45484 174637 314222 8143558 8496706 0 0 0 0 332019 351057 0 0 0 7186612 7477782 7518631 7828839 624927 667867 23789578 24335610 10074953 10189173 13714625 14146437 TO DISTRIBUTE ELECTRICITY TO MEMBERS 0 0 7828839 0 8343253 DISTRIBUTION OF ELECTRICITY TO RURAL MEMBERS 7828839 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 24 0 1 15 1 1 1 0 0 0 0 0 0 8137000 253103 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X MATT CONKLIN GENERAL MANAGER 6186622171 PO BOX 517 FLORA IL 62839 FRANK CZYZEWSKI BOARD DIRECTOR 13.00 X 5850 0 0 FRANK HERMAN BOARD DIRECTOR 9.00 X 5400 0 0 EVAN SMITH BOARD DIRECTOR 6.00 X 4050 0 0 KEVIN LOGAN BOARD DIRECTOR 20.00 X 8500 0 0 NEIL GOULD SECRETARY 5.00 X X 2925 0 0 BOB PIERSON PRESIDENT 28.00 X X 7650 0 0 RICHARD RUDOLPHI BOARD DIRECTOR 16.00 X 5625 0 0 JOSH SCHNEPPER BOARD DIRECTOR 2.00 X 2925 0 0 BILL CROY VICE PRESIDENT 10.00 X X 4500 0 0 MATT CONKLIN CEO 40.00 X 152371 0 47622 ADAM SMITH LINEMAN FOREMAN 45.00 X 137776 0 31899 DAMIEN BOWLING LINEMAN FOREMAN 44.00 X 128515 0 36032 ERIC MOYER JOURNEYMAN LINEMAN 46.00 X 135555 0 29835 PHILLIP DURRE JOURNEYMAN LINEMAN 40.00 X 126180 0 29268 BRODY SNELL JOURNEYMAN LINEMAN 46.00 X 135505 0 30365 863327 0 205021 7 0 1 0 0 ELECTRIC REVENUES 221000 8055614 8055614 OTHER ELECTRIC REVENUE 221000 81386 81386 8137000 18909 18909 26575 0 26575 26575 26575 PATRONAGE REVENUE 900099 206253 206253 NON UTILITY REVENUE 221000 107969 107969 314222 8496706 8343253 107969 45484 247418 103639 61044 64427 408946 731439 NON UTILITY EXPENSES 106603 PURCHASED POWER 4395452 DISTRIBUTION MAINTENANC 867061 ADMIN AND GENERAL 268493 574317 7828839 259735 373266 61786 64639 2183712 2105986 225015 236968 443821 359821 26025070 8031932 17598730 17993138 3016779 3201792 23789578 24335610 690298 776439 349 349 9309066 9308955 75240 103430 10074953 10189173 X 0 0 1487854 1591578 12226771 12554859 13714625 14146437 23789578 24335610 X 667867 -236055 X 0 1 X 0 0 58571 58571 2196135 581764 1614371 23770364 7450168 16320196 17993138 3186549 F OTHER 11 F COBANK 1000 F CRC 10000 F CRC 6733 F WTCI 90 F PATRONAGE CAPITAL ASSOC COOP -2591 F 3201792 CUSTOMER DEPOSITS 103430 103430 X 8496706 0 8496706 0 8496706 7828839 0 7828839 0 7828839 PART X, LINE 2: ACCOUNTING FOR UNCERTAIN TAX POSITIONS - THE COOPERATIVE FOLLOWS "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES." THE GENERALLY ACCEPTED ACCOUNTING PRINCIPLE PROVIDES DETAILED GUIDANCE FOR THE FINANCIAL STATEMENT RECOGNITION, MEASUREMENT AND DISCLOSURE OF UNCERTAIN TAX POSITIONS RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS. THE ACCOUNTING PRINCIPLE REQUIRES AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. THE ADOPTION OF THIS ACCOUNTING PRINCIPAL DOES NOT HAVE A MATERIAL EFFECT ON ITS FINANCIAL POSITION, RESULT OF OPERATIONS OR CASH FLOWS AS THE COOPERATIVE DOES NOT BELIEVE THEY ARE TAKING ANY UNCERTAIN TAX POSITIONS. X 0 0 0 MATT CONKLIN CEO 152371 0 0 0 0 0 35814 0 11808 0 199993 0 0 0 ADAM SMITH LINEMAN FOREMAN 137776 0 0 0 0 0 26299 0 5600 0 169675 0 0 0 BRODY SNELL JOURNEYMAN LINEMAN 135505 0 0 0 0 0 25028 0 5337 0 165870 0 0 0 ERIC MOYER JOURNEYMAN LINEMAN 135555 0 0 0 0 0 25028 0 4807 0 165390 0 0 0 DAMIEN BOWLING LINEMAN FOREMAN 128515 0 0 0 0 0 26299 0 9733 0 164547 0 0 0 PHILLIP DURRE JOURNEYMAN LINEMAN 126180 0 0 0 0 0 25028 0 4240 0 155448 0 0 0 KEVIN LOGAN SEE BELOW 96737 SEE BELOW 0 RICHARD RUDOLPHI SEE BELOW 4395452 SEE BELOW 0 FRANK HERMAN SEE BELOW 4395452 SEE BELOW 0 BOB PIERSON SEE BELOW 4395452 SEE BELOW 0 BILL CROY SEE BELOW 113000 SEE BELOW 0 SCHEDULE L, PART IV, LINE 5 KEVIN LOGAN IS A DIRECTOR ON THE BOARD FOR CLAY ELECTRIC COOPERATIVE AND THE ASSOCIATION OF ILLINOIS ELECTRIC COOPERATIVES. CLAY ELECTRIC COOPERATIVE MADE PAYMENTS TO THE ASSOCIATION OF ILLINOIS ELECTRIC COOPERATIVES FOR DUES, TRAINING, AND OTHER SERVICES. SCHEDULE L, PART IV, LINES 2, 3, 4 RICHARD RUDOLPHI, FRANK HERMAN, AND BOB PIERSON SIT AS A BOARD DIRECTOR FOR CLAY ELECTRIC COOPERATIVE AND SOUTHERN ILLINOIS POWER COOPERATIVE. CLAY ELECTRIC COOPERATIVE HAS AN AGREEMENT TO PURCHASE POWER FROM SOUTHERN ILLINOIS POWER COOPERATIVE. SCHEDULE L, PART IV, LINE 5 BILL CROY IS A DIRECTOR ON THE BOARD FOR CLAY ELECTRIC COOPERATIVE AND CLAY COUNTY WATER, INC. CLAY ELECTRIC COOPERATIVE PERFORMS BILLING FUNCTIONS FOR CLAY COUNTY WATER, INC. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE COOPERATIVE CONSIST OF THOSE WHO RECEIVE ELECTRICITY THROUGH THE COOPERATIVE. THEY ARE CONSIDERED OWNERS AND ARE ENTITLED TO A RETURN OF THE PROFITS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT THE BOARD OF DIRECTORS EACH YEAR. THERE IS A BOARD DIRECTOR FOR EACH SECTION OF THE COOPERATIVE'S TERRITORY. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WILL BE REVIEWED THIS YEAR BY THE BOARD OF DIRECTORS AT THEIR MONTHLY MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS AND CEO MONITOR AND ENFORCE THE CONFLICT OF INTEREST POLICY. THEY MAKE CHANGES AND HAVE DISCUSSIONS WITH EMPLOYEES AS NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 RAISES ARE REVIEWED BY THE BOARD OF DIRECTORS. RAISES ARE ALSO COMPARED WITH ENTITIES OF LIKE SIZE, NUMBER OF METERS, NUMBER OF EMPLOYEES, AND MILES OF LINE IN PLACE ON A STATE AND NATIONAL BASIS. FORM 990, PART VI, SECTION C, LINE 18 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE COOPERATIVE'S OFFICE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE COOPERATIVE'S OFFICE. FORM 990, PART XI, LINE 9: RETIRED CAPITAL CREDITS -236,043. CHANGE IN MEMBERSHIP -12.