2025-10-28T14:39:08+00:00 2024-12-31 440160260 Forvis Mazars LLP 1401 50th Street Suite 350 West Des Moines IA 502665935 990 2024-01-01 420243366 CLARKE ELECTRIC COOPERATIVE INC CLAR 6413422173 PO BOX 161 OSCEOLA IA 50213 DAVID OPIE GENERAL MANAGER 6413422173 2025-10-28 true Matthew C Hall P01573021 5152230159 2025-11-15 2024 2025-03-06 01:10:19Z DAVID OPIE PO BOX 161 OSCEOLA IA 50213 16107639 false X WWW.CECNET.NET X 1939 IA TO DISTRIBUTE ELECTRICITY TO MEMBERS 9 9 27 0 55436 15592 0 0 15171792 16011401 57975 40802 48577 55436 15278344 16107639 15146 13052 475000 725000 2210884 2454360 0 0 0 12394272 12205787 15095302 15398199 183042 709440 45282832 48403797 26138428 28172035 19144404 20231762 TO DISTRIBUTE ELECTRICITY TO MEMBERS false false TO DISTRIBUTE ELECTRICITY TO MEMBERS 0 false 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 false false false false false false true 16 0 true 27 true true true false false false false 15260157 847482 false false false X 9 9 false false false false true true true true true false false false true true true true true true true true false false IA X SAM WALKUP 6413422173 PO BOX 161 OSCEOLA IA 50213 LYDDA YOUMANS TREASURER 1.7 0.0 X X 4125 0 0 MAREN KELSO Secretary 1.0 0.0 X X 1800 0 0 RANDY BARNARD ASSISTANT SEC/TREASURER 2.1 0.0 X X 4550 0 0 RANDY ROUSE VICE PRESIDENT 1.6 0.0 X X 3250 0 0 W EDWARD WHITE PRESIDENT 1.9 0.0 X X 5100 0 0 CODY MILLER DIRECTOR 1.3 0.0 X 3575 0 0 Elizabeth Beck Director 2.1 0.0 X 1575 0 0 LARRY KELLER Director 2.8 0.0 X 6050 0 0 NATALIE RYDL DIRECTOR 1.1 0.0 X 2700 0 0 Zach Robinson DIRECTOR 1.1 0.0 X 2475 0 0 DAVID OPIE GENERAL MANAGER 40.0 0.0 X 179008 0 76504 Samuel Walkup CFO/Manager of Finance 40.0 0.0 X 107616 0 57142 BRAD WILSON MANAGER OF ENGINEERING 40.0 0.0 X 145839 0 74187 CHAD MCINTOSH MANAGER OF OPERATIONS 40.0 0.0 X 125420 0 56772 Cory Dommer Foreman 43.0 0.0 X 127230 0 54242 Eric Page Lineman 45.0 0.0 X 128253 0 55806 Rob McCoy Foreman 43.0 0.0 X 121748 0 67716 970314 0 442369 11 false true false Swartzentruber Construction LLC 10263 290th Street Lamoni IA 50140 Underground Boring 207065 1 0 DISTRIBUTE ELECTRICITY TO MEMBERS 221000 15260158 15260158 CAPITAL CREDITS 221000 751243 751243 0 0 0 0 16011401 40802 40802 0 0 0 0 0 RESALE/METER SERVICE/OTHER 811000 47224 47224 MISCELLANEOUS REVENUE 900099 8212 8212 0 0 0 0 55436 16107639 16011401 55436 40802 13052 725000 455470 1407262 340009 35248 216371 8050 29978 0 35127 83741 1026183 1505071 PURCHASED POWER 7367975 REPAIRS & MAINTENANCE 511746 OPERATING EXPENSES 830995 ADMINISTRATIVE 501524 305397 15398199 36737 111968 560150 292138 0 0 1151177 1426681 0 0 0 0 878353 577255 809001 604667 153046 169573 59997911 19172609 37700199 40825302 0 0 3989635 4339416 0 99 99 4435 56698 45282832 48403797 1702032 1856178 0 0 1579744 1132154 0 0 0 0 0 0 22782083 25108063 0 0 74569 75640 26138428 28172035 0 0 0 0 X 0 0 0 0 19144404 20231762 19144404 20231762 45282832 48403797 X 709440 377918 X false true true false 12993 295596 308589 48856580 16478541 32378039 8659487 2694068 5965419 2173255 2173255 40825302 Closely-held equity interests Financial derivatives PATRONAGE CAPITAL ALLOCATIONS 3980458 F CAPITAL TERM CERTIFICATES 357343 F INVESTMENT IN ASSOCIATED ORGS 1615 C 4339416 Federal Income Taxes CUSTOMER DEPOSITS 75640 75640 16052203 0 0 16052203 55436 55436 16107639 14617763 0 0 14617763 780436 780436 15398199 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 4(b) Other revenues in form 990 not in audited financial statements EXPENSES IN AUDIT REVENUE - 55436 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements EXPENSES IN AUDIT REVENUE - 55436 PATRONAGE CREDITS ALLOCATED TO MEMBERS - 725000 X X X false false false DAVID OPIE GENERAL MANAGER 178708 0 300 0 0 0 3523 0 72981 0 255512 0 0 0 Samuel Walkup CFO/Manager of Finance 107316 0 300 0 0 0 100 0 57042 0 164758 0 0 0 BRAD WILSON MANAGER OF ENGINEERING 145539 0 300 0 0 0 14696 0 59491 0 220026 0 0 0 CHAD MCINTOSH MANAGER OF OPERATIONS 125120 0 300 0 0 0 0 0 56772 0 182192 0 0 0 Cory Dommer Foreman 126930 0 300 0 0 0 0 0 54242 0 181472 0 0 0 Rob McCoy Foreman 121448 0 300 0 0 0 10872 0 56844 0 189464 0 0 0 Eric Page Lineman 127953 0 300 0 0 0 1200 0 54606 0 184059 0 0 0 Form 990, Part VI, Line 6 Classes of members or stockholders CLARKE ELECTRIC COOPERATIVE, INC. SELLS ELECTRIC POWER TO CUSTOMERS WITHIN ITS SERVICE AREA THAT HAVE PURCHASED MEMBERSHIPS TO THE COOPERATIVE. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body 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, Line 7b Decisions requiring approval by members or stockholders 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, Line 11b Review of form 990 by governing body 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, Line 12c Conflict of interest policy 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, Line 15a Process to establish compensation of top management official 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 2024. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE CFO'S WAGES ARE REVIEWED ANNUALLY BY THE CEO AND HR MANAGER USING NRECA DATA, NATIONAL, REGIONAL, AND STATE WAGE RANGES. Form 990, Part VI, Line 19 Required documents available to the public 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 Other changes in net assets or fund balances PATRONAGE CREDITS ALLOCATED TO MEMBERS - 725000; PATRONAGE CREDITS RETIRED - -347247; NET CHANGE IN MEMBERSHIPS - 165; Total - 377918;