2026-09-02T14:50:40-05:00 2025-12-31 423603499 EIDE BAILLY ADVISORY LLC 345 N REID PL STE 400 SIOUX FALLS SD 571037077 990 2025-01-01 420608219 WOODBURY COUNTY RURAL ELECTRIC COOPERATIVE WOOD 7128733125 PO BOX 566 MOVILLE IA 510390566 KENT AMUNDSON GENERAL MANAGER/CEO 7128733125 2026-08-14 1 LAURIE HANSON P00851848 6053391999 2026-08-14 2025 KENT AMUNDSON PO BOX 566 MOVILLE IA 510390566 14162624 0 X N/A X 1938 IA TO PROVIDE ELECTRIC SERVICE TO OUR MEMBER-CONSUMERS. 7 7 18 0 5265 0 0 0 12706479 13758760 39883 22768 47297 36899 12793659 13818427 6170 6337 491093 862562 2350177 2521704 0 0 0 9308046 10136915 12155486 13527518 638173 290909 38112368 39260119 17273178 17682292 20839190 21577827 THE COOPERATIVE STRIVES TO DELIVER SAFE, RELIABLE, AND ENVIRONMENTALLY RESPONSIBLE ELECTRICAL POWER USING SOUND ECONOMIC PRACTICES TO ITS MEMBER-CONSUMERS. 0 0 THE COOPERATIVE MAINTAINS AND OPERATES ELECTRICAL DISTRIBUTION LINES TO ITS MEMBER CONSUMERS IN IOWA. THE COOPERATIVE CURRENTLY PROVIDES ELECTRICITY TO 3,878 SERVICES THROUGH A DISTRIBUTION NETWORK OF APPROXIMATELY 1,147 MILES OF LINE. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 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 32 0 1 18 1 1 1 0 0 0 0 13776390 64477 0 0 0 X 7 7 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 0 X KENT AMUNDSON 7128733125 1495 HUMBOLT AVE MOVILLE IA 51039 X RONALD STEINHOFF PRESIDENT 3.10 X X 7800 0 0 CHRISTIAN COUNTRYMAN VICE PRESIDENT 3.10 X X 9300 0 0 KIM BROWER SECRETARY 2.60 X X 6900 0 0 BRUCE SADLER TREASURER 3.10 X X 8100 0 0 KURT NASH DIRECTOR 2.90 X 6600 0 0 JOHN HOPPE DIRECTOR 2.30 X 6300 0 0 BRETT BALDWIN DIRECTOR (BEG AUG) 3.60 X 3900 0 0 TOM MORGAN DIRECTOR (UNTIL AUG) 2.80 X 4800 0 0 KENT AMUNDSON GENERAL MANAGER/CEO 42.60 X 170640 0 97932 NATHAN BAUER DIRECTOR OF OPERATIONS 40.20 X 129768 0 69305 THOMAS BROCKHAUS FOREMAN 45.10 X 109281 0 47917 ANDREW MCGILL FOREMAN 43.40 X 108664 0 56212 DUSTIN BROSAMLE FOREMAN 43.30 X 108429 0 48746 BRADY CRICHTON LINEMAN 43.90 X 105854 0 35693 786336 0 355805 8 0 1 0 OSBORNE UNDERGROUND LLC 3334 195TH ST ANTHON IA 51004 TRENCHING/DIGGING/BORING 175936 1 DISTRIBUTION OF ELECTRICITY 221000 13217381 13217381 PATRONAGE CAPITAL 221000 541379 541379 13758760 38913 38913 16145 -16145 -16145 -16145 361881 328052 33829 28564 5265 OTHER NONOPERATING INCOME 221000 3070 3070 3070 13818427 13790394 5265 22768 X 6337 862562 291001 1475855 301897 326359 126592 717164 939967 COST OF PURCHASED POWER 7922534 DISTRIBUTION - OPERATIO 1019866 DISTRIBUTION - MAINTENA 519757 CUSTOMER ACCOUNTS 295743 -1278116 13527518 50969 27593 371590 413359 1263167 1471304 1610646 1741596 166439 151318 41735350 14312562 26815470 27422788 7830987 8028946 3100 3215 38112368 39260119 1360998 1320303 15509817 15933655 402363 428334 17273178 17682292 X 0 0 0 0 20839190 21577827 20839190 21577827 38112368 39260119 X 290909 447728 X X 0 0 0 10583 10583 692285 524846 167439 41024901 13780135 27244766 7581 7581 0 27422788 PATRONAGE CAPITAL-SUPPLIERS 5139558 C CAPITAL TERM CERTIFICATES 318166 C MEMBERSHIP IN COOPERATIVES 6205 C INVESTMENT IN ECONOMIC PROJECTS 2565017 C 8028946 DEFERRED CREDITS 4048 CUSTOMER DEPOSITS 320464 ACCUMULATED OPERATING PROVISION - ASSET RETIREMENT OBLIGATIONS 103822 428334 X X 0 0 0 KENT AMUNDSON GENERAL MANAGER/CEO 168544 0 0 0 2096 0 72038 0 28745 0 271423 0 0 0 NATHAN BAUER DIRECTOR OF OPERATIONS 129214 0 0 0 554 0 44957 0 26501 0 201226 0 0 0 ANDREW MCGILL FOREMAN 108242 0 0 0 422 0 25798 0 32168 0 166630 0 0 0 THOMAS BROCKHAUS FOREMAN 109123 0 0 0 158 0 11651 0 38020 0 158952 0 0 0 DUSTIN BROSAMLE FOREMAN 108165 0 0 0 264 0 18332 0 32168 0 158929 0 0 0 SCHEDULE J, PART II, COLUMN C INCLUDED IN THE AMOUNT REPORTED IN COLUMN C FOR THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN ARE AS FOLLOWS: - KENT AMUNDSON $66,733 - NATHAN BAUER $40,969 - THOMAS BROCKHAUS $8,513 - ANDREW MCGILL $22,660 - DUSTIN BORSAMLE $15,194 ACTUAL COOPERATIVE CONTRIBUTIONS TO THE DEFINED BENEFIT PLAN ARE AS FOLLOWS: - KENT AMUNDSON $32,609 - NATHAN BAUER $24,624 - THOMAS BROCKHAUS $18,284 - ANDREW MCGILL $19,008 - DUSTIN BORSAMLE $18,284 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE COOPERATIVE ARE INDIVIDUALS OR ENTITIES THAT RECEIVE ELECTRICITY FROM THE COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER-CONSUMER OF THE COOPERATIVE VOTES TO ELECT SEVEN (7) PEOPLE TO SERVE ON ITS GOVERNING BOARD. FORM 990, PART VI, SECTION A, LINE 7B PURSUANT TO THE COOPERATIVE BYLAWS CERTAIN TRANSACTIONS AND ACTIONS HAVE TO BE CONFIRMED OR CONCEIVED BY THE MEMBERSHIP. THOSE ACTIONS OR TRANSACTIONS ARE SUCH AS 1) REMOVAL OF BOARD MEMBERS OR 2) DISPOSITION OF A SUBSTAINTIAL PORTION OF THE COOPERATIVE PROPERTY. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS NO COMMITTEES WITH BROAD AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR THE REVIEW PRIOR TO ITS FILING. ACTION IS TAKEN FOR ITS APPROVAL AND AUTHORIZATION TO FILE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO BOARD MEMBERS, OFFICERS, AND EMPLOYEES. DIRECTORS AND EMPLOYEES SHALL MAKE FULL DISCLOSURE OF ANY FACTS WHICH MAY INDICATE A CONFLICT OF INTEREST. THE FULL BOARD IS RESPONSIBLE FOR DETERMINING IF AN ACTUAL CONFLICT OF INTEREST EXISTS. IF A CONFLICT OF INTEREST IS DEEMED TO EXIST WITH A BOARD MEMBER, THE BOARD MEMBER WILL BE REQUIRED TO ABSTAIN FROM VOTING ON THE MATTER AND MAY BE ASKED TO RESIGN FROM THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION PACKAGE OF THE TOP OFFICIAL OF THE COOPERATIVE IS AGREED TO AND SET BY THE GOVERNING INDEPENDENT BOARD OF THE COOPERATIVE. THE BOARD USES A COMBINATION OF COMPARABLE NATIONAL COMPENSATION SURVEYS FOR ITS INDUSTRY ALONG WITH THE RESULTS OF LOCAL LABOR NEGOTIATIONS OF THE OTHER PERSONNEL AT THE COOPERATIVE. THE BOARD OF DIRECTORS USE THIS INFORMATION IN CONJUNCTION WITH SATISFACTORY PERFORMANCE TO MAKE COMPENSATION DECISIONS INVOLVING THE CEO OF THE COOPERATIVE. FORM 990, PART VI, SECTION C, LINE 19 THE COOPERATIVE PROVIDES FINANCIAL INFORMATION ANNUALLY IN ITS NEWSLETTER TO MEMBERS AND INTERESTED PARTIES. THE COOPERATIVE ALSO PROVIDES ACCESS TO GOVERNING DOCUMENTS, POLICIES, AND ADDITIONAL FINANCIAL INFORMATION UPON REQUEST AT ITS HEADQUARTERS. FORM 990, PART VII GENERAL MANAGER/CEO KENT AMUNDSON ACTS AS BOTH THE TOP MANAGEMENT OFFICIAL AND THE TOP FINANCIAL OFFICIAL OF THE COOPERATIVE. FORM 990, PART VII, COLUMN F, OTHER COMPENSATION: INCLUDED IN OTHER COMPENSATION IS THE ESTIMATED CURRENT YEAR INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR EMPLOYEES REPORTED ON FORM 990, PART VII, COLUMN F AND SCHEDULE J. THE CURRENT YEAR INCREASE OR DECREASE DOES NOT REPRESENT CURRENT YEAR CONTRIBUTIONS TO THE PLAN. RATHER, IT IS AN ESTIMATE OF THE INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE PLAN AS CALCULATED BY THE PLAN ADMINISTRATOR. FORM 990, PART IX, LINE 24E STATEMENT OF FUNCTIONAL EXPENSES: THE LABOR, PENSION AND PAYROLL TAXES REPORTED ON LINES 5-10 ARE INCLUDED IN DISTRIBUTION EXPENSE, ADMINISTRATIVE & GENERAL EXPENSE AND CUSTOMER EXPENSE. THEREFORE, LABOR, PENSION AND PAYROLL TAXES ARE SHOWN AS A REDUCTION TO OTHER EXPENSES ON LINE 24E. FORM 990, PART IX, LINE 4, BENEFITS PAID TO OR FOR MEMBERS: THE COOPERATIVE HAS INTERPRETED THE INSTRUCTIONS TO PART IX, LINE 4, TO MEAN PATRONAGE CAPITAL ALLOCATED FOR THE YEAR, RATHER THAN PATRONAGE CAPITAL RETIRED. THIS IS CONSISTENT WITH THE BY-LAWS OF THE COOPERATIVE. FORM 990, PART XI, LINE 9: PATRONAGE DIVIDENDS RETIRED -422,539. EDUCATIONAL FUND -1,224. GAIN/(LOSS) ON RETIREMENT OF CAPITAL CREDITS 9,529. 2025 MARGINS ALLOCATED TO MEMBERS IN 2026 862,562. DONATED CAPITAL -600. FORM 990, PART XII THE COOPERATIVE'S BOARD OF DIRECTORS HAS A FISCAL GAAP AUDIT COMPLETED AS OF JUNE 30TH EACH YEAR. THE FORM 990 IS COMPLETED USING THE CALENDAR YEAR. THEREFORE, THE RECONCILIATION OF STATEMENTS OF SCHEDULE D, PARTS XI AND XII ARE NOT APPLICABLE.