Public Charity

CODINGTON-CLARK ELECTRIC COOPERATIVE

CODINGTON-CLARK ELECTRIC COOPERATIVE is a nonprofit organization categorized as Public Charity based in WATERTOWN, SD. Its most recent IRS filing (2025) reports revenue of $17.9M, expenses of $17.9M, total assets of $63.5M.

EIN: 460121065 WATERTOWN, SD Latest filing: 2025
Total Revenue$17.9M
Total Expenses$17.9M
Total Assets$63.5M
Grant Records0
Filing Years2021–2025

Mission

OUR PURPOSE IS TO PROVIDE ELECTRIC ENERGY TO THE MEMBERSHIP. WE WILL: PROVIDE EXEMPLARY PERSONAL SERVICE; PRUDENTLY MANAGE REVENUE AND EXPENSES; OPERATE AND MAINTAIN SAFE AND RELIABLE DISTRIBUTION FACILITIES; PROVIDE REASONABLY PRICED ELECTRIC ENERGY; ENHANCE COMMUNITY MEMBER RELATIONSHIPS; MAINTAIN A SAFE AND GRATIFYING WORK ENVIRONMENT FOR EMPLOYEES; AND EMBRACE CHANGE THAT BENEFITS THE MEMBERSHIP.

Officers & Directors

PRESIDENT Alfred Schleusner
DIRECTOR Benjamin Fleming
VICE PRESIDENT Daniel Thyen
GENERAL MANAGER David Eide
DIRECTOR David Warkenthien
CREW LEADER James Hatton

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2025 $17.9M $17.9M $63.5M
2024 $16.4M $16.4M $61.7M
2023 $15.2M $15.2M $57.7M
2022 $14.4M $14.4M $53.7M
2021 $12.8M $12.8M $49.3M

Between 2021 and 2025, reported annual revenue grew from $12.8M to $17.9M (+39%), with total assets most recently reported at $63.5M.

Interactive year-over-year charts and full filing details available with membership.

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