2026-09-21T16:01:59-05:00 2025-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2025-01-01 930137415 CENTRAL ELECTRIC COOPERATIVE CENT 5415482144 PO BOX 846 REDMOND OR 97756 BRAD WILSON PRESIDENT/CEO 5415482144 2026-09-21 1 EMINA O CRESSWELL P01217304 5032421447 2026-09-21 2025 BRAD WILSON PO BOX 846 REDMOND OR 97756 90555224 0 X WWW.CEC.COOP X 1940 OR MAKE ELECTRIC ENERGY AVAILABLE TO OUR MEMBERS AT THE LOWEST COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT. 9 9 95 0 0 0 0 0 74810632 78728520 710913 1105951 3111809 2205875 78633354 82040346 1528121 98649 6782943 6859283 1824988 1969658 0 0 0 67234361 72177007 77370413 81104597 1262941 935749 270383184 283070011 92419096 99862727 177964088 183207284 MAKE ELECTRIC ENERGY AVAILABLE TO OUR MEMBERS AT THE LOWEST COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT. 0 0 DISTRIBUTION OF POWER TO RURAL ELECTRIC MEMBERS 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 112 0 1 95 1 0 0 0 0 0 84265550 9007051 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 X BRAD WILSON 5415482144 PO BOX 846 REDMOND OR 97756 X MARK CHRISTIE DIRECTOR 5.00 1.00 X 37332 0 0 BEV CLARNO DIRECTOR 5.00 1.00 X 54492 0 0 BOYD KEETON DIRECTOR 5.00 1.00 X 38895 0 0 KIP LIGHT CHAIRMAN 9.00 1.00 X X 40761 0 0 KELLY MCFARLANE VICE CHAIRMAN 5.00 1.00 X X 24096 0 0 SAM MCKENZIE DIRECTOR 5.00 1.00 X 25266 0 0 KEN MILTENBERGER SECRETARY/TREASURER 5.00 1.00 X X 26045 0 0 DAN STEELHAMMER DIRECTOR 5.00 1.00 X 16738 0 0 TOM STRAND DIRECTOR 5.00 1.00 X 37880 0 0 BRAD WILSON CEO/PRESIDENT 57.00 8.00 X 480898 0 579584 SHANE MORGAN VP FINANCE & ACCOUNTING 55.00 8.00 X 283703 0 89635 RYAN DAVIES VP CUSTOMER & ENERGY SERVICES 55.00 X 248172 0 197751 KEVIN ROHDE VP OPERATIONS/ENGINEERING 55.00 X 238676 0 80081 CHRIS LAITE SERVICEMAN 57.00 X 237633 0 167664 SCOTT MAXWELL GENERAL FOREMAN 57.00 X 223982 0 142017 PHILLIP FRANKLIN VP INFORMATION SERVICES 55.00 X 218691 0 80891 2233260 0 1337623 53 0 1 0 JENSEN'S TREE SERVICE INC PO BOX 610 WINSTON OR 97496 TREE TRIMMING 1933480 YATES LINE CONSTRUCTION INC PO BOX 908 GARIBALDI OR 97118 DOCK CREW 1478616 OLIN SITZ EXCAVATION 17425 JORDAN ROAD SISTERS OR 97759 EXCAVATION SERVICES 1244905 STEELE ASSOCIATES ARCHITECTS LLC 2738 NW POTTS COURT STE 110 BEND OR 97703 ARCHITECT AND DESIGN 773125 GREENBAR EXCAVATION PO BOX 7 PRINEVILLE OR 97754 EXCAVATION SERVICES 709177 17 ELECTRIC RELATED SALES 221000 78413162 78413162 POLE RENTAL AGREEMENT 532289 315358 315358 78728520 1040989 1040989 9990 0 9990 9990 9990 8521000 58840 8405665 109213 115335 -50373 64962 64962 SUBSIDIARY INCOME 900099 935749 935749 REFUND INCOME 900099 852563 852563 PATRONAGE ALLOCATION 900099 407573 407573 2195885 82040346 80609047 0 1431299 98649 6859283 1335826 633832 1441996 2562363 9024180 PURCHASED POWER AND TRA 40879346 ADMINISTRATIVE AND GENE 6457253 DISTRIBUTION 6069766 CUSTOMER SERVICE & CONS 3335108 2406995 81104597 426872 198317 20703581 26809777 8417144 8534118 13668 13169 5531055 5909408 1206340 1365027 334955537 143515203 181797101 191440334 42775017 38826254 9512406 9973607 270383184 283070011 9078852 9933200 60499092 65137374 22841152 24792153 92419096 99862727 X 0 0 7154915 7934155 170809173 175273129 177964088 183207284 270383184 283070011 X 935749 -66960 4374407 X 0 1 X 1 0 1132898 1132898 8452137 4051543 4400594 19537 3351 16186 311714805 139460309 172254496 13636160 13636160 191440334 CAPITAL TERM CERTIFICATES 1349835 C PATRONAGE CAPITAL 7193582 C INVESTMENT IN SUBSIDIARIES 30072837 C OTHER INVESTMENTS 210000 C 38826254 DEFERRED COMPENSATION 2777188 CONSTRUCTION ADVANCES 3034717 UNCLAIMED CREDITS 7747719 POST RETIREMENT BENEFITS 10526489 CONSUMER DEPOSITS 706040 24792153 X PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE, EXCEPT TO THE EXTENT OF UNRELATED BUSINESS INCOME, IF ANY. THE COOPERATIVE FOLLOWS FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10, RELATING TO ACCOUNTING FOR UNCERTAIN TAX POSITIONS. AS OF DECEMBER 31, 2025 AND 2024, THE COOPERATIVE DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS, THE COOPERATIVE FILES AN EXEMPT ORGANIZATION TAX RETURN IN THE U.S. FEDERAL JURISDICTION. 1 OREGON RURAL ELECTRIC COOPERATIVE ASSOCIATION 8565 SW SALISH LN 130 WILSONVILLE OR 97070 930593238 501(C)(6) 5325 0 YOUTH TOUR PROGRAM CENTER OF SUSTAINABILITY & WORKING RIVERS PO BOX 383 COLFAX WA 99111 994318768 501(C)(3) 10000 0 PUBLIC EDUCATION 1 1 PART I, LINE 2: THE ORGANIZATION DONATES TO U.S. BASED ORGANIZATIONS WITHIN ITS REGION; THEREFORE ALL FUNDS ARE USED IN THE UNITED STATES. X 1 1 X X X 0 0 0 BRAD WILSON CEO/PRESIDENT 359560 0 59895 0 61443 0 541741 0 37843 0 1060482 0 0 0 RYAN DAVIES VP CUSTOMER & ENERGY SERVICES 209757 0 23624 0 14791 0 168399 0 29352 0 445923 0 0 0 CHRIS LAITE SERVICEMAN 231449 0 5237 0 947 0 148977 0 18687 0 405297 0 0 0 SHANE MORGAN VP FINANCE & ACCOUNTING 251513 0 24720 0 7470 0 60121 0 29514 0 373338 0 0 0 SCOTT MAXWELL GENERAL FOREMAN 218404 0 4993 0 585 0 114691 0 27326 0 365999 0 0 0 KEVIN ROHDE VP OPERATIONS/ENGINEERING 210300 0 18377 0 9999 0 50905 0 29176 0 318757 0 0 0 PHILLIP FRANKLIN VP INFORMATION SERVICES 195130 0 17568 0 5993 0 46609 0 34282 0 299582 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS IS NOT ALLOWED AT CEC EXCEPT AS APPROVED BY THE BOARD OF DIRECTORS FOR SPECIAL CIRCUMSTANCES. FORM 990, PART VI, SECTION A, LINE 6 ANY PERSON, FIRM, CORPORATION OR POLITICAL BODY MAY BECOME A MEMBER IN THE COOPERATIVE BY PAYING THE REQUIRED MEMBERSHIP FEE, PURCHASING ELECTRIC ENERGY FROM THE COOPERATIVE AND AGREEING TO BE BOUND BY THE ARTICLES OF ASSOCIATION AND BY-LAWS OF THE COOPERATIVE. IF THE ABOVE REQUIREMENTS ARE MET THE BOARD OF DIRECTORS APPROVES THE APPLICANT AS A MEMBER. EACH MEMBER IS ENTITLED TO ONE VOTE. ALL QUESTIONS AT MEMBER MEETINGS WILL BE DECIDED BY A VOTE OF MAJORITY OF THE MEMBERS VOTING THEREON WHEN A QUORUM IS PRESENT. FORM 990, PART VI, SECTION A, LINE 7A AN ELECTION WILL BE HELD BY WRITTEN VOTE THROUGH THE MAIL FOR A CONTESTED BOARD SEAT. EACH MEMBER IN THE DISTRICT WITH THE CONTESTED BOARD SEAT IS ENTITLED TO ONE VOTE, AND A MAJORITY VOTE DECIDES THE SUCCESSFUL CANDIDATE. FORM 990, PART VI, SECTION B, LINE 11B DATA WAS PREPARED BY THE ACCOUNTING DEPARTMENT AND SUBMITTED TO THE CPA FIRM FOR REVIEW. BEFORE FILING THE BOARD REVIEWS THE FORM 990 WITH THE CEO AND VP OF FINANCE AND ACCOUNTING AT A REGULAR BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST CERTIFICATION AND DISCLOSURE FORM IS DISTRIBUTED TO EACH OFFICER, DIRECTOR, TRUSTEE, AND KEY EMPLOYEE ANNUALLY TO BE COMPLETED, SIGNED, AND FORWARDED FOR REVIEW BY THE BOARD OF DIRECTORS. WHEN A CONFLICT ARISES THE BOARD OF DIRECTORS WILL TAKE APPROPRIATE ACTION. FORM 990, PART VI, SECTION B, LINE 15 CEO AND OTHER TOP MANAGEMENT SALARIES ARE DETERMINED BASED UPON COMPARISON OF NATIONAL, REGIONAL, AND STATE COMPENSATION DATA FOR SIMILAR POSITIONS. THIS DATA IS PRESENTED ANNUALLY TO THE BOARD FOR REVIEW. FORM 990, PART VI, SECTION C, LINE 19 THE CONFLICT OF INTEREST IS NOT MADE AVAILABLE TO THE PUBLIC. AUDITED FINANCIAL STATEMENTS, GOVERNING AND ORGANIZATION DOCUMENTS ARE MADE AVAILABLE TO MEMBERS UPON REQUEST. FORM 990, PART VII, SECTION A BEV CLARNO'S COMPENSATION INCLUDES $16,437 AS BENEFICIARY INCOME OF FORMER DIRECTOR, RAY CLARNO. FORM 990, PART XI, LINE 9: MEMBERSHIP ADDITIONS 3,830. RETIREMENT OF CAPITAL CREDITS, NET -3,264,116. DONATED CAPITAL 775,410. AMOUNT OF BENEFITS PAID TO MEMBERS PER 990 INSTRUCTIONS, INTERPRETED TO EQUAL NET MARGINS AS THAT IS THE EQUIVALENT OF THE BENEFITS MEMBERS RECEIVE IN THE CURRENT YEAR 6,859,283. CEC RESOURCES PO BOX 846 REDMOND OR 97756 931306228 INVESTMENT OR CENTRAL ELECTRIC COOPERATIVE C 1190039 30193408 1.00000 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 1 0 0 CEC RESOURCES F 4932607 COST