2025-08-20T16:00:00-05:00 2024-12-31 810386935 SUMMERS MCNEA & CO PC 15 AVANTA WAY SUITE 1 BILLINGS MT 59102 990 2024-01-01 810160950 LOWER YELLOWSTONE RURAL ELECTRIC COOPERATIVE INC LOWE 4064881602 PO BOX 1047 SIDNEY MT 59270 JASON BROTHEN CEO 4064881602 2025-08-13 1 0 BRIAN F VAN STEELAND P00481262 4066522320 2024 2025-03-06 01:10:19Z ALLEN THIESSEN PO BOX 1047 SIDNEY MT 59270 48685321 0 X LYREC.COM X COOPERATIVE 1937 MT TO DISTRIBUTE ELECTRICITY TO OUR MEMBERS IN AN EFFICIENT AND COST EFFECTIVE MANNER. WE ONLY DISTRIBUTE ELECTRICITY TO OUR MEMBERS. 7 7 36 0 0 0 0 0 40626354 46489545 148974 225379 2516044 1970397 43291372 48685321 0 0 2208848 2196379 1398871 1053081 0 0 0 36757896 40859132 40365615 44108592 2925757 4576729 100140080 106372065 49903354 51558610 50236726 54813455 TO PROVIDE ELECTRICITY TO THE MEMBERS OF THE COOPERATIVE. 0 0 RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICAL POWER AND UTILITIESSERVICES TO APPROXIMATELY 2,464 MEMBERS IN THE EASTERN PORTION OFMONTANA. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 34 0 1 36 1 0 0 0 0 0 0 0 46489545 2195776 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X PAM WILCOXON 4064881602 PO BOX 1047 SIDNEY MT 59270 ALLEN THIESSEN PRESIDENT 3.37 X X 21570 0 0 GREG RAUSCHENDORFER VICE PRESIDENT 12.98 X X 39427 0 0 DENNIS SCHMIERER SECRETARY 4.99 X X 39177 0 0 COLIN GARTNER DIRECTOR 4.09 X 35427 0 0 DENNIS NELSON DIRECTOR 4.98 X 39177 0 0 JAMES VITT DIRECTOR 4.09 X 35677 0 0 TIMOTHY FRANZEN DIRECTOR 0.81 X 34427 0 0 JASON BROTHEN CEO 40.00 X 268124 0 122824 CHRIS HILLESLAND COO 40.00 X 170532 0 86347 COREE CANDEE CIO 40.00 X 156964 0 82800 PAM WILCOXON CFO 40.00 X 106662 0 63577 KELLY KEYSOR OPERATIONS MANAGER 40.00 X 157877 0 82836 KYLE KAVANAGH IT 40.00 X 142713 0 57293 COLE JANKOVSKY LINEMAN 40.00 X 128019 0 49367 RYDER PETERSON LINEMAN 40.00 X 125975 0 65876 BRYAN FRANCK LINEMAN 40.00 X 121702 0 65867 1623450 0 676787 25 0 1 0 VOLTAGE POWER SOLUTIONS LLC PO BOX 293 LAVA HOT SPRINGS ID 83246 POWERLINE CONSTRUCTION 1560966 BT MILLS INC 2303 80TH ST NE BISMARCK ND 58501 CONSTRUCTION 1414779 BESLER INC PO BOX 1527 RAPID CITY SD 57709 CONTRACTORS 153717 3 SALE OF ELECTRICITY 221000 46489545 46489545 46489545 225379 225379 G & T CAPITAL CREDITS 221000 1577490 1577490 OTHER CAPITAL CREDITS 221000 392907 392907 1970397 48685321 48685321 0 0 X 2196379 806069 232452 14560 20409 28965 196573 49604 73419 34006 1960196 4008539 88863 COST OF PURCHASED POWER 26608786 DISTRIBUTION EXPENSE-OP 3254213 DISTRIBUTION EXPENSE- M 2099554 PROPERTY TAXES 932000 1504005 44108592 897016 85973 632570 695407 3357353 4652111 17042 93790 4052778 4397076 89746 100212 118958911 37898249 77196439 81060662 13897136 15286834 100140080 106372065 2455953 3050618 45682041 46168897 1765360 2339095 49903354 51558610 X 0 0 0 0 50236726 54813455 50236726 54813455 100140080 106372065 4576729 0 X X 0 1 X 1 0 2496598 2496598 4326334 2595421 1730913 6961977 5224429 1737548 105174002 30078399 75095603 81060662 PATRONAGE CAPITAL UPPER MISSOURI G&T 13090454 C NRUCFC CAPITAL TERM CERTIFICATES AND SECURITIES 577401 C PATRONAGE CAPITAL OTHER ORGANIZATIONS 1611379 C NON-UTILITY PROPERTY 7600 C 15286834 CONSUMERS DEPOSITS 524820 ACCRUED PROPERTY TAXES, ETC. 607069 ACCRUED INTEREST 418760 ACCRUED PTO 516963 DEFERRED CREDITS 269754 CAPITAL CREDITS PAYABLE 1729 2339095 X 48685321 0 48685321 0 48685321 41912212 0 41912212 2196380 2196380 44108592 PART X, LINE 2: THERE ARE NO UNCERTAIN TAX POSITIONS EXISTING AT DECEMBER 31, 2024. PART XII, LINE 4B - OTHER ADJUSTMENTS: CAPITAL CREDITS RETIRED SCHEDULE D, PART VI, LINE 5 TRANSMISSION ASSETS OF $15,779,688; DISTRIBUTION PLANT ASSETS OF $88,063,093; WORK IN PROCESS OF $1,330,690; ORGANIZATIONS OF $531 X 1 1 X X 0 0 0 JASON BROTHEN CEO 268124 0 0 0 0 0 92150 0 30674 0 390948 0 0 0 CHRIS HILLESLAND COO 170532 0 0 0 0 0 55673 0 30674 0 256879 0 0 0 KELLY KEYSOR OPERATIONS MANAGER 157877 0 0 0 0 0 52162 0 30674 0 240713 0 0 0 COREE CANDEE CIO 156964 0 0 0 0 0 52126 0 30674 0 239764 0 0 0 KYLE KAVANAGH IT 142713 0 0 0 0 0 43115 0 14178 0 200006 0 0 0 RYDER PETERSON LINEMAN 125975 0 0 0 0 0 35202 0 30674 0 191851 0 0 0 BRYAN FRANCK LINEMAN 121702 0 0 0 0 0 35193 0 30674 0 187569 0 0 0 COLE JANKOVSKY LINEMAN 128019 0 0 0 0 0 35189 0 14178 0 177386 0 0 0 PAM WILCOXON CFO 106662 0 0 0 0 0 32903 0 30674 0 170239 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE HAS 2,464 VOTING MEMBERS AT DECEMBER 31, 2024. FORM 990, PART VI, SECTION A, LINE 7A OUR MEMBER OWNERS ELECT OUR BOARD MEMBERS AT OUR ANNUAL MEETING OF MEMBERSHIP HELD ONCE A YEAR IN JUNE. FORM 990, PART VI, SECTION A, LINE 7B THE COOPERATIVE CANNOT SELL, MORTGAGE, LEASE, OR OTHERWISE DISPOSE OF, OF ENCUMBER ALL OR ANY SUBSTANTIAL PORTION OF ITS PROPERTY UNLESS AUTHORIZED BY A DULY HELD MEETING OF ITS MEMBERS THEREOF BY AN AFFIRMATIVE VOTE OF NOT LESS THAN TWO-THIRDS OF ALL THE MEMBERS OF THE COOPERATIVE. FORM 990, PART VI, SECTION B, LINE 11B OUR BOARD OF TRUSTEES REVIEWS THE FORM 990 AT A BOARD MEETING PRIOR TO SIGNING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD OF DIRECTORS ANNUALLY DISCLOSE TO THE BOARD ANY SITUATION OR TRANSACTION IN WHICH THE DIRECTOR IS INVOLVED WHICH VIOLATES OR COULD APPEAR TO VIOLATE THE INTENT OF THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES DETERMINES THE COMPENSATION FOR OUR CEO AFTER A REVIEW PROCESS WITH THE CEO. THE BOARD OF TRUSTEES ALSO APPROVE ALL OTHER COMPENSATION TO ALL OTHER EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 COPIES ARE AVAILABLE UPON REQUEST AT THE SIDNEY, MT OFFICE. PART IX, LINE 4 THIS LINE REPRESENTS CAPITAL CREDITS PAID TO MEMBERS DURING THE YEAR. IT IS THE TOTAL OF THE GENERAL RETIREMENT AND ESTATES PAID OUT. THE COOPERATIVE HAS AN ANNUAL AUDIT COMPLETED. THE COOPERATIVE AUDIT YEAR END IS MARCH 31. THE COOPERATIVE'S 990 TAX RETURN IS FILED ON A CALENDAR YEAR. THE CFC FORM 7 REPORT FOR DECEMBER 31 IS UTILIZED FOR THE TAX RETURN. PART XII LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.