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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Public & Societal Benefit Clay Electric Cooperative Inc.

Clay Electric Cooperative Inc.

Fiscal year ending 2022. Filed on November 15, 2023.

PO Box 308
Keystone Heights, Florida 32656

Clay Electric Cooperative Inc. (EIN: 59-0196695) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2022 IRS Form 990 filing, Clay Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 15 out of 524 total employees. Among the employees shown here, the average compensation is $327,878. The highest compensated employee at Clay Electric Cooperative Inc. is Richard K Davis with fiscal year 2022 compensation of $851,948.

Revenue, expenses, and employee compensation

Revenue

$477,827,474

Expenses

$477,827,474

Employee compensation

$9,163,330
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Richard K Davis
Chief Executive Officer and General Manager
$851,948
$724,405 No related comp$127,543
Donald J Williams
Chief Officer CORP SVCS
$421,421
$189,882 No related comp$231,539
Sanford M Maxwell
Chief Financial Officer
$399,070
$264,866 No related comp$134,204
Derick Thomas
Chief Public Relations OFF
$343,922
$223,388 No related comp$120,534
Daniel B Gunter
Operations Director
$331,514
$209,916 No related comp$121,598
Christopher E Bryan
Division Manager-Engineeri
$331,365
$210,267 No related comp$121,098
Mark A Townsend
Division Manager-T&D Const
$299,349
$188,314 No related comp$111,035
Troy Adams
District Manager-Gv/Lc
$285,645
$195,361 No related comp$90,284
Louie A Chaff
District Manager-Op
$278,266
$194,103 No related comp$84,163
Cheryl Rodgers
Chief Audit Officer
$274,179
$185,355 No related comp$88,824
Brent Richardson
Chief Information Officer
$265,944
$177,533 No related comp$88,411
Tobias Moss
Chief Information Officer
$263,447
$241,045 No related comp$22,402

Benchmark Employee Compensation

Non-Employee Board Members

Kelley R Smith Jr
Secretary and Trustee
$42,043
$42,043 No related compNo other comp
John H Whitehead
Trustee
$39,724
$39,724 No related compNo other comp
Susan S Reeves
Trustee
$32,143
$32,143 No related compNo other comp
Karen Hastings
Vice President and Trustee
$31,531
$31,531 No related compNo other comp
Joseph C Malphurs
President and Trustee
$30,886
$30,886 No related compNo other comp
James D Wilson
Trustee
$27,594
$27,594 No related compNo other comp
Joann R Smith
Trustee
$26,924
$26,924 No related compNo other comp
Clyde D Hersey
Treasurer and Trustee
$21,400
$21,400 No related compNo other comp
Carl F Hagglund
Trustee
$10,800
$10,800 No related compNo other comp

Contractors

Asplundh Tree Expert CO
R/W Labor
$3,646,173
Musgrove Construction Inc.
Construction
$3,113,352
All Reliable Services Inc.
Row Labor
$2,777,105
Pike Electric LLC
Construction
$1,829,453
Baird Tree Company Inc.
Row Labor
$1,648,634

Mission Statement

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.

Revisions to this organization profile

November 13, 2025:
2024 Clay Electric Cooperative Inc. 990 filed
April 28, 2025:
2023 Clay Electric Cooperative Inc. 990 filed
November 15, 2023:
2022 Clay Electric Cooperative Inc. 990 filed

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