Platte-clay Electric Cooperative Inc
501(c)(12)
Strong reserves
Platte-clay Electric Cooperative Inc is a 501(c)(12) organization based in Kearney, Missouri, registered in 1940, with $72,240,535 in FY2024 revenue.
Po Box 100, Kearney, MO, 64060 EIN 44-0392918 Since 1940
Revenue (FY2024)
$72.2M
▼ 4.7% vs prior year
Expenses (FY2024)
$72.2M
Net assets
$111.6M
Employees
82
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—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 Platte-clay Electric Cooperative Inc— 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 rating19 mo reserves · +0% 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 Platte-clay Electric Cooperative Inc: 19 mo reserves · +0% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
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. For Platte-clay Electric Cooperative Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Platte-clay Electric Cooperative Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Provide the distribution of electric service to rural customers.
Contact & location
Financial trends
Revenue declined from $73.2M (FY2014) to $72.2M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $90.0MNet assets $111.6M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$201.6M
Total liabilities
$90.0M
Net assets
$111.6M
Salaries & benefits
$2.2M
3% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $72,240,535▼4.7% | $72,240,535▼4.7% | $111,596,346▼0.4% | $201,622,620▼1.4% | 990 |
| 2023 | $75,811,518▼1.4% | $75,811,518▲4.4% | $111,988,976▲4.1% | $204,561,125▲6.2% | 990 |
| 2022 | $76,880,883▲9.4% | $72,595,239▲6.8% | $107,547,143▲4.4% | $192,685,266▲1.6% | 990 |
| 2021 | $70,254,460▲4.7% | $68,004,515▲10.6% | $102,998,290▲2.4% | $189,589,017▲2.0% | 990 |
| 2020 | $67,129,513▼9.4% | $61,502,460▼12.3% | $100,625,591▲6.1% | $185,944,485▲1.7% | 990 |
| 2019 | $74,097,282▼6.8% | $70,146,430▼7.2% | $94,872,486▲4.5% | $182,882,667▲0.7% | 990 |
| 2018 | $79,472,509▲10.6% | $75,573,442▲12.4% | $90,803,541▲4.5% | $181,637,907▲5.1% | 990 |
| 2017 | $71,839,062▲4.3% | $67,257,867▲1.9% | $86,885,869▲5.7% | $172,767,582▲3.3% | 990 |
| 2016 | $68,858,809▼0.8% | $66,025,440▼0.5% | $82,223,185▲3.2% | $167,230,415▲3.5% | 990 |
| 2015 | $69,425,542▼5.2% | $66,335,829▼3.2% | $79,707,325▲4.3% | $161,635,123▲3.7% | 990 |
| 2014 | $73,230,072 | $68,546,445▼3.4% | $76,450,719▲15.6% | $155,880,438▲8.7% | 990 |
| 2012 | — | $70,951,759▼5.0% | $66,142,907▲6.9% | $143,362,364▲4.2% | 990 |
| 2011 | — | $74,662,962▲11.5% | $61,867,463▲10.9% | $137,573,680▲4.5% | 990 |
| 2010 | — | $66,949,277 | $55,807,058 | $131,625,247 | 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.
Leadership & compensation (FY2024)
Highest-paid: David Deihi — $319,703 (0.44% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| David Deihi | General Manager | 55 | $319,703 |
| Jared Wolters | Manager Engineering | 50 | $262,361 |
| Kenneth Brown | Manager Finance and Accounting | 50 | $213,089 |
| Travis Anderson | Manager Operations | 50 | $184,787 |
| Ralph E Williams | Manager Information Technology | 50 | $170,526 |
| Jennifer Grossl | Manager Marketing & Communications | 50 | $166,562 |
| Kendall Davis | Board Member | 12 | $21,400 |
| Kelly Parkhurst | Board Member | 12 | $12,500 |
| Edward Barger | Board Member | 10 | $9,700 |
| Theresa Wren | Board Member | 15 | $9,100 |
| David Edwards | Board Member | 20 | $7,600 |
| Dennis Fulk | Board Member | 10 | $6,800 |
| Mark Baker | Board Member | 12 | $6,300 |
| Larry Leachman | Board Member | 4 | $4,800 |
| Kim Goepferich | Board Member | 11 | $4,000 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Arkansas Electric Cooperative | Powerline Material | $4,029,832 |
| Mitchell Tree Company LLC | Brush Control | $2,120,763 |
| Imperium Utility Services | Pole Line Const | $1,230,697 |
| Clay County Collector | Property Tax | $914,778 |
| Sprague Excavating Inc | Ug Powerline Const | $903,488 |
Frequently asked questions
- Is Platte-clay Electric Cooperative Inc a legitimate nonprofit?
- Yes. Platte-clay Electric Cooperative Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 44-0392918, based in Kearney, Missouri.
- What is Platte-clay Electric Cooperative Inc's EIN?
- Platte-clay Electric Cooperative Inc's Employer Identification Number (EIN) is 44-0392918.
- How much revenue does Platte-clay Electric Cooperative Inc report?
- Platte-clay Electric Cooperative Inc reported $72,240,535 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Platte-clay Electric Cooperative Inc's highest-paid employee make?
- The highest reported compensation on Platte-clay Electric Cooperative Inc's latest Form 990 is $319,703, paid to David Deihi (General Manager).
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Data for Platte-clay Electric Cooperative Inc (EIN 44-0392918) 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.