2026-08-31T16:16:24-05:00 2025-12-31 810386935 SUMMERS MCNEA & CO PC 15 AVANTA WAY SUITE 1 BILLINGS MT 59102 990 2025-01-01 810160950 LOWER YELLOWSTONE RURAL ELECTRIC COOPERATIVE INC LOWE 4064881602 PO BOX 1047 SIDNEY MT 59270 ALLEN THIESSEN PRESIDENT 4064881602 2026-07-09 1 BRIAN F VAN STEELAND P00481262 4066522320 2025 ALLEN THIESSEN PO BOX 1047 SIDNEY MT 59270 58030407 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 37 0 0 0 0 0 46489545 55883402 225379 171246 1970397 1975759 48685321 58030407 0 0 2196379 2389835 1053081 1120379 0 0 0 40879592 49345104 44129052 52855318 4556269 5175089 106549674 115424179 51756679 55456095 54792995 59968084 TO PROVIDE ELECTRICITY TO THE MEMBERS OF THE COOPERATIVE. 0 0 RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICAL POWER AND UTILITIESSERVICES TO APPROXIMATELY 2,449 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 37 0 1 37 1 0 0 0 0 0 0 0 55883403 2147004 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 4.19 X X 10000 0 14083 GREG RAUSCHENDORFER VICE PRESIDENT 11.02 X X 10500 0 33445 DENNIS SCHMIERER SECRETARY 4.54 X X 8750 0 33445 COLIN GARTNER DIRECTOR 4.09 X 3500 0 33445 DENNIS NELSON DIRECTOR 7.40 X 13250 0 33445 JAMES VITT DIRECTOR 4.12 X 4500 0 33445 TIMOTHY FRANZEN DIRECTOR 3.17 X 3000 0 33445 JASON BROTHEN CEO 40.00 X 351357 0 145128 CHRIS HILLESLAND COO 40.00 X 189498 0 95567 COREE CANDEE CIO 40.00 X 167599 0 90051 PAM WILCOXON CFO 40.00 X 158694 0 86477 KELLY KEYSOR OPERATIONS MANAGER 40.00 X 175911 0 92974 KYLE KAVANAGH IT 40.00 X 157379 0 67384 COLE JANKOVSKY LINEMAN 40.00 X 133675 0 52460 PRESTON LONG LINEMAN 40.00 X 137868 0 68647 JESSE OBERGFELL LINEMAN 40.00 X 129367 0 70323 1654848 0 983764 26 0 1 0 BESLER INC PO BOX 1527 RAPID CITY SD 57709 CONTRACTORS 1763672 VOLTAGE POWER SOLUTIONS LLC PO BOX 293 LAVA HOT SPRINGS ID 83246 POWERLINE CONSTRUCTION 1717855 BT MILLS INC 2303 80TH ST NE BISMARCK ND 58501 CONSTRUCTION 1178226 3 SALE OF ELECTRICITY 221000 55883402 55883402 55883402 171246 171246 G & T CAPITAL CREDITS 221000 1421609 1421609 OTHER CAPITAL CREDITS 221000 554150 554150 1975759 58030407 57859161 0 171246 X 2389835 1009909 101761 8709 5543 19908 86035 60399 135307 34979 2130657 4288265 94261 COST OF PURCHASED POWER 32967806 DISTRIBUTION EXPENSE-OP 4009054 DISTRIBUTION EXPENSE- M 2802792 CONSUMER ACCOUNTS EXPEN 1181160 1528938 52855318 85973 1721081 695407 726075 4829720 4846455 93790 173082 4397076 4230469 100212 237973 127446518 40572292 81060662 86874226 15286834 16611126 0 3692 106549674 115424179 3071078 3849279 46168897 48465254 2516704 3141562 51756679 55456095 X 0 0 0 0 54792995 59968084 54792995 59968084 106549674 115424179 5175089 0 X X 0 1 X 1 0 2665394 2665394 4078776 2442415 1636361 7442548 5543850 1898698 113259800 32586027 80673773 86874226 PATRONAGE CAPITAL UPPER MISSOURI G&T 14130089 C NRUCFC CAPITAL TERM CERTIFICATES AND SECURITIES 577401 C PATRONAGE CAPITAL OTHER ORGANIZATIONS 1896036 C NON-UTILITY PROPERTY 7600 C 16611126 CONSUMERS DEPOSITS 511075 ACCRUED PROPERTY TAXES, ETC. 259950 ACCRUED INTEREST 518813 ACCRUED PTO 1319306 DEFERRED CREDITS 530573 CAPITAL CREDITS PAYABLE 1845 3141562 X 58030407 0 58030407 0 58030407 50465482 0 50465482 2389836 2389836 52855318 PART X, LINE 2: THERE ARE NO UNCERTAIN TAX POSITIONS EXISTING AT DECEMBER 31, 2025. PART XII, LINE 4B - OTHER ADJUSTMENTS: CAPITAL CREDITS RETIRED SCHEDULE D, PART VI, LINE 5 TRANSMISSION ASSETS OF $15,794,027; DISTRIBUTION PLANT ASSETS OF $94,316,855; WORK IN PROCESS OF $3,148,387; ORGANIZATIONS OF $531 X 1 1 X X 0 0 0 JASON BROTHEN CEO 351357 0 0 0 0 0 109950 0 35178 0 496485 0 0 0 CHRIS HILLESLAND COO 189498 0 0 0 0 0 61184 0 34383 0 285065 0 0 0 KELLY KEYSOR OPERATIONS MANAGER 175911 0 0 0 0 0 58624 0 34350 0 268885 0 0 0 COREE CANDEE CIO 167599 0 0 0 0 0 55749 0 34302 0 257650 0 0 0 PAM WILCOXON CFO 158694 0 0 0 0 0 52213 0 34264 0 245171 0 0 0 KYLE KAVANAGH IT 157379 0 0 0 0 0 50999 0 16385 0 224763 0 0 0 PRESTON LONG LINEMAN 137868 0 0 0 0 0 34618 0 34029 0 206515 0 0 0 JESSE OBERGFELL LINEMAN 129367 0 0 0 0 0 36268 0 34055 0 199690 0 0 0 COLE JANKOVSKY LINEMAN 133675 0 0 0 0 0 36268 0 16192 0 186135 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE HAS 2,449 VOTING MEMBERS AT DECEMBER 31, 2025. 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 OF $2,434,756 AND ALSO INCLUDES $78,705 OF ADDITIONAL UNCLAIMED CAPITAL CREDITS LESS $33,785 PAID OUT FOR EDUCATION AND SCHOLARSHIPS. THE COOPERATIVE HAS AN ANNUAL AUDIT COMPLETED. THE COOPERATIVE AUDIT YEAR END IS NOW DECEMBER 31. THE COOPERATIVE'S 990 TAX RETURN IS FILED ON A CALENDAR YEAR. PART XII LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.