2026-08-06T19:45:09-05:00 2025-12-31 810446334 DOUGLAS WILSON & COMPANY PC 1000 FIRST AVENUE SOUTH GREAT FALLS MT 59401 990 2025-01-01 810218082 GLACIER ELECTRIC COOPERATIVE GLAC 4068735566 410 E MAIN ST CUT BANK MT 59427 DEAN BERKRAM GENERAL MANAGER 4068735566 2026-07-29 1 MELISSA H SOLDANO P01259603 4067614645 2025 2025-03-06 01:10:19Z DEAN BERKRAM 410 E MAIN ST CUT BANK MT 59427 18334944 0 X WWW.GLACIERELECTRIC.COM X 1945 MT RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICAL SERVICES AND UTILITIES TO MEMBERS AND PATRONS 9 9 39 0 0 0 0 0 17214871 18086891 69604 71126 143045 176927 17427520 18334944 0 0 612103 552536 1074111 1354195 0 0 0 15741306 16428213 17427520 18334944 0 0 41855907 42648853 23953575 24953868 17902332 17694985 TRANSMISSION AND DISTRIBUTION OF ELECTRICITY TO ITS MEMBERS, PRIMARILY SERVING GLACIER COUNTY, MT 0 0 15706002 18263818 RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICAL SERVICES AND UTILITIES TO MEMBERS AND PATRONS LOCATED IN THE NORTHERN PORTION OF MONTANA 15706002 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 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 46 0 1 39 1 0 0 0 0 0 18086891 248053 0 0 0 X 9 9 0 0 0 0 1 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 4068735566 410 E MAIN ST CUT BANK MT 59427 JIM TAYLOR PRESIDENT 2.46 X X 13050 0 0 TERRY TATSEY VICE PRESIDENT 0.92 X X 6800 0 0 ROD CLINE SEC/TREASURER 1.19 X X 8800 0 0 COLLEEN GUSTAFSON TRUSTEE 1.37 X 5600 0 0 DARROL BERKRAM TRUSTEE 1.89 X 9200 0 0 ZITA BREMNER TRUSTEE 1.54 X 6800 0 0 WALTER BARRY TRUSTEE 1.43 X 6400 0 0 MILES LEWIS TRUSTEE 1.48 X 5200 0 0 FRANK AUGARE JR TRUSTEE (ENDED MARCH) 0.38 X 1200 0 0 KEN HOYT TRUSTEE (BEGAN APRIL) 1.48 X 4000 0 0 HUGO ANDERSON MANAGER (ENDED AUG 4) 40.00 X 168735 0 75661 DEAN BERKRAM MANAGER (BEGAN AUG 5) 40.00 X 150989 0 71007 MICHAEL PYETTE OPERATIONS MANAGER 40.00 X 156138 0 36383 ERIN NELSON MANAGER OF FINANCE AND ADM 40.00 X 148996 0 79606 PATRICK FRYDENLUND MANAGER OF IT & SECURITY 40.00 X 136535 0 77453 MYLES DEVRIES JOURNEYMAN LINEMAN 40.00 X 125589 0 66440 WALTER SHARP LINEMAN FOREMAN 40.00 X 128027 0 60375 1082059 0 466925 22 0 1 0 0 SALE OF UTILITY SERVICE TO MEMBER 221000 18086891 18086891 18086891 71126 71126 OTHER NON-OPERATING INCOME 221000 108157 108157 CAPITAL CREDITS 221000 68770 68770 176927 18334944 18263818 0 71126 552536 552536 533442 533442 401705 401705 419048 419048 25635 25635 253751 253751 873782 873782 2032538 2032538 184584 184584 COST OF POWER 7070310 7070310 DISTRIBUTION EXPENSE 3178401 3178401 CONSUMER ACCOUNTS 1129396 1129396 TAXES 626306 626306 1053510 217098 836412 18334944 15706002 2628942 0 2614287 2004194 1338746 1484080 800822 953349 64677 122381 77355802 41090932 35197898 36264870 1839477 1819979 41855907 42648853 1605292 1497525 20259767 21384185 2088516 2072158 23953575 24953868 X 17902332 17694985 0 0 0 0 17902332 17694985 41855907 42648853 X 0 -207347 X 0 1 X 1 0 77355802 41090932 36264870 36264870 CUSTOMER DEPOSITS 153977 OTHER LIABILITIES & ACCRUALS 1918181 2072158 18334944 0 18334944 0 18334944 17782408 0 17782408 552536 552536 18334944 PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF 2025 NET MARGINS 552,536. X X 0 0 0 HUGO ANDERSON MANAGER (ENDED AUG 4) 168735 0 0 0 0 0 49190 0 26471 0 244396 0 0 0 DEAN BERKRAM MANAGER (BEGAN AUG 5) 150989 0 0 0 0 0 41228 0 29779 0 221996 0 0 0 MICHAEL PYETTE OPERATIONS MANAGER 156138 0 0 0 0 0 7039 0 29344 0 192521 0 0 0 ERIN NELSON MANAGER OF FINANCE AND ADM 148996 0 0 0 0 0 43150 0 36456 0 228602 0 0 0 PATRICK FRYDENLUND MANAGER OF IT & SECURITY 136535 0 0 0 0 0 41035 0 36418 0 213988 0 0 0 MYLES DEVRIES JOURNEYMAN LINEMAN 125589 0 0 0 0 0 31182 0 35258 0 192029 0 0 0 WALTER SHARP LINEMAN FOREMAN 128027 0 0 0 0 0 35196 0 25179 0 188402 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 GLACIER ELECTRIC COOPERATIVE IS A MEMBERSHIP ORGANIZATION WHOSE MEMBERS HAVE THE RIGHT TO ELECT THE BOARD OF DIRECTORS AND RECEIVE CAPITAL CREDITS FROM THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B CHANGES TO ORGANIZATIONAL BY-LAWS AND SELLING A SUBSTANTIAL PORTION OF PROPERTY REQUIRES MEMBER APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE ORGANIZATION'S INDEPENDENT CPA, REVIEWED BY MANAGEMENT FOR ANY CORRECTIONS, AND SENT TO THE BOARD FOR THEIR REVIEW AND QUESTIONS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICIES ARE REVIEWED ANNUALLY BY ALL MEMBERS OF THE BOARD. MANAGEMENT MONITORS THROUGHOUT THE YEAR. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE GENERAL MANAGER IS DETERMINED BY A COMMITTEE OF THE BOARD OF DIRECTORS AND APPROVED BY THE FULL BOARD. COMPARABLE DATA FROM OTHER COOPERATIVES AND PERFORMANCE REVIEWS ARE EVALUATED AS WELL. FORM 990, PART VI, SECTION C, LINE 19 ALL PUBLIC COOPERATIVE DOCUMENTS MAY BE REQUESTED FROM THE COOPERATIVE OFFICE DURING NORMAL BUSINESS HOURS. FORM 990, PART XI, LINE 9: RETIREMENT OF CAPITAL CREDITS -793,869. INCREASE IN MEMBERSHIPS FROM PRIOR YEAR 1,005. ALLOCATION OF 2025 NET MARGINS 552,536. CHANGE IN OTHER EQUITIES 32,981.