NonprofitsClay Electric Cooperative Inc

Public & Societal Benefit

Clay Electric Cooperative Inc

KEYSTONE HGTS, FL

Total revenue

$453.8M

Total expenses

$453.8M

Net assets

$441.0M

Grants received

EIN

590196695

Tax year

2024

Mission

To exceed the expectations of our members by providing excellent customer service and reliable electric services at competitive rates while maintaining the financial stability of the cooperative.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$453.5M
Investment income$4K
Other revenue$273K
Total revenue$453.8M

Expenses

Grants paid
Salaries & benefits$10.0M
Fundraising
Other expenses$409.1M
Total expenses$453.8M
Total assets$1.0B
Net assets$441.0M

People

24 listed

NameRoleCompensation

RICHARD K DAVIS

GENERAL MANAGER/CEO

Board

$931K

41 hrs/wk

SANFORD M MAXWELL

CHIEF FINANCIAL OFFICER

Board

$343K

43 hrs/wk

KELLEY R SMITH JR

TRUSTEE - PRESIDENT

Board

$47K

12 hrs/wk

JOHN H WHITEHEAD

TRUSTEE

Board

$42K

12 hrs/wk

JOSEPH C MALPHURS

TRUSTEE

Board

$34K

12 hrs/wk

CYNTHIA LOOSE

TRUSTEE

Board

$33K

12 hrs/wk

KAREN HASTINGS

TRUSTEE

Board

$32K

8 hrs/wk

JAMES D WILSON

TRUSTEE

Board

$27K

10 hrs/wk

SUSAN S REEVES

TRUSTEE

Board

$27K

16 hrs/wk

JOANN R SMITH

TRUSTEE

Board

$26K

12 hrs/wk

CLYDE D HERSEY

TRUSTEE

Board

$22K

12 hrs/wk

DERICK THOMAS

CHIEF PUBLIC RELATIONS OFF

Staff

$300K

45 hrs/wk

DANIEL B GUNTER

DIRECTOR OF OPERATIONS

Staff

$298K

45 hrs/wk

CHRISTOPHER E BRYAN

DIRECTOR OF ENGINEERING

Staff

$293K

40 hrs/wk

DONALD J WILLIAMS

CHIEF OFFICER CORP SVCS

Staff

$276K

50 hrs/wk

TROY ADAMS

DISTRICT MANAGER-GV/LC

Staff

$239K

48 hrs/wk

CHERYL RODGERS

CHIEF AUDIT OFFICER

Staff

$228K

50 hrs/wk

LOUIE A CHAFF

DISTRICT MANAGER-OP

Staff

$226K

45 hrs/wk

MICHAEL GRANTHAM

DIVISION MANAGER - OPERATIONS

Staff

$222K

50 hrs/wk

BRENT RICHARDSON

CHIEF INFORMATION OFFICER

Staff

$221K

40 hrs/wk

MARK A TOWNSEND

DIVISION MANAGER-T&D CONST

Staff

$217K

46 hrs/wk

JOSEPH JOHNSON

DIVISION MANAGER - ENGINEERING

Staff

$216K

42 hrs/wk

WILLIAM D HEMBREE

DISTRICT MANAGER-PK/SS

Staff

$213K

40 hrs/wk

JARED BALDREE

SERVICE WORKER

Staff

$189K

53 hrs/wk

Independent contractors

PIKE ELECTRIC LLC

CONSTRUCTION SERVICES

$5.9M

WBE LINE SERVICES LLC

ROW CONTRACTOR

$4.1M

ASPLUNDH TREE EXPERT LLC

R/W LABOR

$3.9M

BAIRD TREE COMPANY INC

ROW LABOR

$3.1M

UTILITY LINES CONSTRUCTION SERVICES LLC

CONSTRUCTION SERVICES

$2.3M

Details

EIN590196695
NTEE codeW80Z
Subsection12
Ruling date1959-12
Formed1937
Employees507
Volunteers0
CLAY ELECTRIC COOPERATIVE INC — Mission, Financials & Grants Received | Grantivo