Nonprofit · EIN 46-0120430
CLAY-UNION ELECTRIC CORPORATION
Tax-exempt · VERMILLION, SD 57069
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $10,968,807 | $10,968,807 | $0 | $45,702,465 | $27,240,549 | $18,461,916 |
| December 31, 2024 | 990 | $10,561,301 | $10,405,619 | $155,682 | $45,172,954 | $27,011,272 | $18,161,682 |
| December 31, 2023 | 990 | $9,841,004 | $9,841,004 | $0 | $44,634,187 | $26,873,506 | $17,760,681 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $10,901,320
- Investment income
- $76,399
- Net gain from sales of assets
- $6,276
- Net income from sales of inventory
- -$8,912
- Other revenue
- -$8,912
Expenses
- Grants and similar amounts paid
- $6,430
- Benefits paid to members
- $683,354
- Compensation of officers, directors and key employees
- $253,596
- Other salaries and wages
- $1,309,107
- Salaries, compensation and benefits (total)
- $1,964,741
- Professional fundraising fees
- $0
- Depreciation
- $1,279,574
Balance sheet and other
- Total assets, start of year
- $45,172,954
- Total assets, end of year
- $45,702,465
- Total liabilities, end of year
- $27,240,549
- Net assets, end of year
- $18,461,916
- Land, buildings and equipment
- $34,608,740
- Gross receipts
- $11,167,377
- Employees
- 17
- Volunteers
- 0
- Year formed
- 1935
- State of legal domicile
- SD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHRISTOPHER LARSON | GENERAL MANAGER Officer | 40 | $149,827 | $122,953 |
| CURT JOHNSON | LEAD LINEMAN Highest-paid employee | 40 | $101,724 | $75,683 |
| BETH BOTTOLFSON | FINANCE MANAGER Highest-paid employee | 40 | $117,270 | $44,976 |
| ALAN GAUER | OPERATIONS MANAGER Highest-paid employee | 40 | $108,753 | $43,443 |
| QUINN SPRINGER | CREW FOREMANR Highest-paid employee | 40 | $100,269 | $47,223 |
| MICHAEL SLATTERY | TREASURER Trustee or director, Officer | 3 | $7,731 | $0 |
| CHRIS KINNEY | VICE PRESIDENT Trustee or director, Officer | 3 | $7,170 | $0 |
| TOM LARSEN | PRESIDENT Trustee or director, Officer | 3 | $6,502 | $0 |
| SARA SCHULTE | SECRETARY Trustee or director, Officer | 3 | $5,820 | $0 |
| JAMES RYKEN | ASSISTANT SECRETARY UNTIL 03/2025 Trustee or director, Officer | 3 | $2,442 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHRISTOPHER LARSON | GENERAL MANAGER Officer | 40 | $144,107 | $110,502 |
| MIKE KRUSE | OPERATIONS MANAGER Highest-paid employee | 40 | $112,715 | $43,396 |
| BETH BOTTOLFSON | FINANCE MANAGER Highest-paid employee | 40 | $110,259 | $42,912 |
| ALAN GAUER | CREW FOREMAN Highest-paid employee | 40 | $105,888 | $41,242 |
| MICHAEL SLATTERY | TREASURER Trustee or director, Officer | 3 | $7,531 | $0 |
| CHRIS KINNEY | VICE PRESIDENT Trustee or director, Officer | 3 | $6,970 | $0 |
| TOM LARSEN | PRESIDENT Trustee or director, Officer | 3 | $6,017 | $0 |
| JAMES RYKEN | SECRETARY Trustee or director, Officer | 3 | $4,725 | $0 |
| SARA SCHULTE | ASSISTANT SECRETARY FROM 09/2024 Trustee or director, Officer | 3 | $1,497 | $0 |
| GARY GLOVER | ASSISTANT SECRETARY UNTIL 4/2024 Trustee or director, Officer | 3 | $1,427 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHRISTOPHER LARSON | GENERAL MANAGER Officer | 40 | $138,023 | $108,767 |
| MIKE KRUSE | OPERATIONS MANAGER Officer | 40 | $107,515 | $39,078 |
| BETH BOTTOLFSON | FINANCE MANAGER Highest-paid employee | 40 | $105,082 | $38,579 |
| CHRIS KINNEY | VICE PRESIDENT Trustee or director, Officer | 3 | $6,950 | $0 |
| TOM LARSEN | PRESIDENT Trustee or director, Officer | 3 | $5,987 | $0 |
| MICHAEL SLATTERY | TREASURER Trustee or director, Officer | 3 | $5,346 | $0 |
| JAMES RYKEN | SECRETARY Trustee or director, Officer | 3 | $5,060 | $0 |
| GARY GLOVER | ASSISTANT SECRETARY Trustee or director, Officer | 3 | $4,680 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 317, VERMILLION, SD 57069-0317
- Principal officer (990 for 2025)
- STEVE TILTON, BOX 317, VERMILLION, SD 57069
- Signed the 990
- STEVE TILTON, GENERAL MANAGER
- Phone
- (605) 624-2673
- Website
- WWW.CLAYUNIONELECTRIC.COOP
- Return prepared by
- EIDE BAILLY LLP
Mission
TO PROVIDE SAFE, RELIABLE AND AFFORDABLE ELECTRIC SERVICE FOR OUR MEMBERS NOW AND INTO THE FUTURE.
Program accomplishments
- PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 2,884 MEMBERS. RETIRED 9.27 MILES OF OVERHEAD AND UNDERGROUND LINE. ADDED 11.62 MILES OF UNDERGROUND LINE.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-0120430
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1958
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $45,702,465
- Income (IRS master file)
- $11,167,377
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $10,968,807 | $10,968,807 | $45,702,465 | XML |
| 990 | December 2024 | $10,561,301 | $10,405,619 | $45,172,954 | XML |
| 990 | December 2023 | $9,841,004 | $9,841,004 | $44,634,187 | XML |
| 990 | December 2022 | $9,543,341 | $9,543,341 | $40,338,882 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-0120430).
Questions about CLAY-UNION ELECTRIC CORPORATION
- What is the EIN of CLAY-UNION ELECTRIC CORPORATION?
- The employer identification number (EIN) of CLAY-UNION ELECTRIC CORPORATION is 46-0120430.
- Is CLAY-UNION ELECTRIC CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1958.
- Are donations to CLAY-UNION ELECTRIC CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CLAY-UNION ELECTRIC CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CLAY-UNION ELECTRIC CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CLAY-UNION ELECTRIC CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CLAY-UNION ELECTRIC CORPORATION?
- The 990 for the year ended December 31, 2025 names STEVE TILTON.
- Who are the officers and directors of CLAY-UNION ELECTRIC CORPORATION?
- The 990 for the year ended December 31, 2025 lists 10 people; 10 received compensation from the organization, the highest $149,827 (CHRISTOPHER LARSON, GENERAL MANAGER).
- How much revenue does CLAY-UNION ELECTRIC CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $10,968,807, expenses of $10,968,807 and total assets of $45,702,465 at year end.
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