Clay-union Electric Corporation
501(c)(12)
Only null% goes to programs Strong reserves Growing revenue
Clay-union Electric Corporation is a 501(c)(12) organization based in Vermillion, South Dakota, registered in 1958, with $10,561,301 in FY2024 revenue. CharityIndex grades it B.
Po Box 317, Vermillion, SD, 57069 EIN 46-0120430 Since 1958
Revenue (FY2024)
$10.6M
▲ 7.3% vs prior year
Expenses (FY2024)
$10.4M
Net assets
$18.2M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Clay-union Electric Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating21 mo reserves · +1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Clay-union Electric Corporation: 21 mo reserves · +1% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Clay-union Electric Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Clay-union Electric Corporation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 317, Vermillion, SD, 57069
- City
- Vermillion
- State
- South Dakota
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $7.9M (FY2013) to $10.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $27.0MNet assets $18.2M
Operating margin
1.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$45.2M
Total liabilities
$27.0M
Net assets
$18.2M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $10,561,301▲7.3% | $10,405,619▲5.7% | $18,161,682▲2.3% | $45,172,954▲1.2% | 990 |
| 2023 | $9,841,004▲3.1% | $9,841,004▲3.1% | $17,760,681▲1.8% | $44,634,187▲10.6% | 990 |
| 2022 | $9,543,341▲5.3% | $9,543,341▲5.3% | $17,443,011▲2.6% | $40,338,882▲5.3% | 990 |
| 2021 | $9,060,805▲2.7% | $9,060,805▲2.7% | $17,004,209▲2.0% | $38,295,961▲11.5% | 990 |
| 2020 | $8,826,339▼5.5% | $8,826,339▼5.5% | $16,673,272▲1.3% | $34,348,166▲4.5% | 990 |
| 2019 | $9,341,927▼2.1% | $9,341,927▼2.1% | $16,459,225▲2.6% | $32,859,381▲2.9% | 990 |
| 2018 | $9,538,121▲5.1% | $9,538,121▲5.1% | $16,042,133▲5.7% | $31,945,122▲8.8% | 990 |
| 2017 | $9,077,686▲4.3% | $9,077,686▲4.3% | $15,171,077▲3.3% | $29,365,390▲2.8% | 990 |
| 2016 | $8,705,697▲8.0% | $8,705,697▲8.0% | $14,683,997▲3.5% | $28,577,742▲2.7% | 990 |
| 2015 | $8,061,425▼1.5% | $8,061,425▼1.5% | $14,184,788▲1.6% | $27,828,912▲2.3% | 990 |
| 2014 | $8,184,359▲3.7% | $8,184,359▲3.7% | $13,957,771▲1.9% | $27,212,549▲1.3% | 990 |
| 2013 | $7,891,949 | $7,891,949▲2.9% | $13,691,629▲1.4% | $26,872,172▲4.9% | 990 |
| 2012 | — | $7,670,999▲10.5% | $13,496,389▲1.4% | $25,627,222▼1.4% | 990 |
| 2011 | — | $6,942,020▲13.7% | $13,315,849▲3.2% | $25,992,904▲0.4% | 990 |
| 2010 | — | $6,105,958 | $12,900,113 | $25,894,764 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $5,453 total
1 grant to Clay-union Electric Corporation totaling $5,453, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Rural Utilities Cooperative Finance Corp | Integrity fund-territory threat | 2022 | $5,453 |
Frequently asked questions
- Is Clay-union Electric Corporation a legitimate nonprofit?
- Yes. Clay-union Electric Corporation is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 46-0120430, based in Vermillion, South Dakota.
- What is Clay-union Electric Corporation's EIN?
- Clay-union Electric Corporation's Employer Identification Number (EIN) is 46-0120430.
- How much revenue does Clay-union Electric Corporation report?
- Clay-union Electric Corporation reported $10,561,301 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Clay-union Electric Corporation have?
- CharityIndex grades Clay-union Electric Corporation B, based on financial health (reserves and operating margin).
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Data for Clay-union Electric Corporation (EIN 46-0120430) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.