Clay Electric Cooperative Inc
Keystone Heights, FL · EIN 59-0196695 · Public and societal benefit · Rank 1,468 by total revenue
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.
Money, Form 990 for tax year 2024
- Total revenue
- $453,755,388
- Total expenses
- $453,755,388
- Total assets
- $1,008,245,447
- Salary base (all salaries and wages)
- $10,038,959
- Salaries, other pay and benefits
- $10,038,959
- Employees
- 507
- Salary base per employee
- $19,801
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (19)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Richard K Davis | GENERAL MANAGER/CEO | Officer | 41 | $1,059,379 |
| Sanford M Maxwell | CHIEF FINANCIAL OFFICER | Officer | 43 | $456,010 |
| Kelley R Smith Jr | TRUSTEE - PRESIDENT | Board, Officer | 12 | $46,892 |
| Clyde D Hersey | TRUSTEE | Board, Officer | 12 | $22,116 |
| Donald J Williams | CHIEF OFFICER CORP SVCS | Key employee | 50 | $488,359 |
| Derick Thomas | CHIEF PUBLIC RELATIONS OFF | Key employee | 45 | $423,995 |
| Daniel B Gunter | DIRECTOR OF OPERATIONS | Key employee | 45 | $391,171 |
| Christopher E Bryan | DIRECTOR OF ENGINEERING | Key employee | 40 | $386,836 |
| Troy Adams | DISTRICT MANAGER-GV/LC | Key employee | 48 | $315,900 |
| Louie A Chaff | DISTRICT MANAGER-OP | Key employee | 45 | $298,481 |
| William D Hembree | DISTRICT MANAGER-PK/SS | Key employee | 40 | $284,165 |
| Brent Richardson | CHIEF INFORMATION OFFICER | Key employee | 40 | $283,718 |
| John H Whitehead | TRUSTEE | Board | 12 | $41,673 |
| Joseph C Malphurs | TRUSTEE | Board | 12 | $33,503 |
| Cynthia Loose | TRUSTEE | Board | 12 | $32,571 |
| Karen Hastings | TRUSTEE | Board | 8 | $32,350 |
| James D Wilson | TRUSTEE | Board | 10 | $26,919 |
| Susan S Reeves | TRUSTEE | Board | 16 | $26,708 |
| Joann R Smith | TRUSTEE | Board | 12 | $25,508 |
Top 10 paid people listed
These 10 people received $4,433,099, which is 44.2% of the $10,038,959 salary base shared by 507 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Richard K Davis | GENERAL MANAGER/CEO | Officer | 41 | $931,414 | $0 | $127,965 | $1,059,379 |
| Donald J Williams | CHIEF OFFICER CORP SVCS | Key employee | 50 | $276,318 | $0 | $212,041 | $488,359 |
| Sanford M Maxwell | CHIEF FINANCIAL OFFICER | Officer | 43 | $342,598 | $0 | $113,412 | $456,010 |
| Derick Thomas | CHIEF PUBLIC RELATIONS OFF | Key employee | 45 | $300,394 | $0 | $123,601 | $423,995 |
| Daniel B Gunter | DIRECTOR OF OPERATIONS | Key employee | 45 | $298,469 | $0 | $92,702 | $391,171 |
| Christopher E Bryan | DIRECTOR OF ENGINEERING | Key employee | 40 | $293,425 | $0 | $93,411 | $386,836 |
| Troy Adams | DISTRICT MANAGER-GV/LC | Key employee | 48 | $239,029 | $0 | $76,871 | $315,900 |
| Mark A Townsend | DIVISION MANAGER-T&D CONST | Highly paid employee | 46 | $217,212 | $0 | $95,843 | $313,055 |
| Michael Grantham | DIVISION MANAGER - OPERATIONS | Highly paid employee | 50 | $221,686 | $0 | $78,227 | $299,913 |
| Louie A Chaff | DISTRICT MANAGER-OP | Key employee | 45 | $225,530 | $0 | $72,951 | $298,481 |
Sources
- IRS e-file return 202543179349309384 (Form 990, period ending 2024-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 59-0196695
- Organization website (as filed): www.clayelectric.com